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January 23, 2002 Wednesday Ziqa'ad 8, 1422 Discount rate lowered to 9 per cent: Fourth cut since July KARACHI, Jan 22: The State Bank of Pakistan on Tuesday cut its discount rate by another one per cent to 9 per cent to pull the economy out of slump. This... Questionnaire being sent to 10,000 units: Industrial census KARACHI, Jan 22: A comprehensive questionnaire seeking information virtually on all aspects of industrial production is being dispatched to more than 10,000 industrial units all over the country.... Defence export seen at $250m in five years KARACHI, Jan 22: Defence Export Promotion Organization (DEPO) forecasts an increase in country’s defence export up to $250 million in the next five years from the current $40-50 million.... FDI up by 39pc in July-Dec ISLAMABAD, Jan 22: Foreign direct investment (FDI) has increased by around 39 per cent during first six months of the current fiscal year, notwithstanding a declining trend in imports, exports and... Ginning sector LAHORE, Jan 22: France will provide technical assistance to Pakistan for improving the ginning sector to the international standards.... Attack on US centre stirs hasty selling on KSE KARACHI, Jan 22: Reports of a terrorist attack on the US centre in Kolkata killing four persons jolted a perfectly sound market on Tuesday as investors indulged in hasty selling fearing... Lifting of curbs on exports to EU sought: Milk products ISLAMABAD, Jan 22: Pakistan will seek withdrawal of restrictions on export of its milk products to European Countries (EU), a senior official told Dawn on Tuesday.... NWFP may not meet abiana target PESHAWAR, Jan 22: NWFP is likely to miss the annual recovery target of abiana with a big gap after it achieved only 23 per cent of the annual target at the... SLIC life fund stands at Rs75bn KARACHI, Jan 22: The life fund of State Life Insurance Corporation (SLIC) now amounts to Rs75 billion. Of this amount, a substantial sum has been invested in government securities and bonds.... Active buying on TCP entry reports KARACHI, Jan 22: Brisk activity was witnessed on the cotton market on Tuesday as spinners made an extensive covering purchases followed by reports that the Trading Corporation of Pakistan (TCP) will... IMF for removal of statistical discrepancies ISLAMABAD, Jan 22: The IMF has asked the government to remove various statistical discrepancies and direct the provinces to improve reporting on their fiscal operations.... Pakistan, Turkey may sign a string of trade accords: JMC meets by month-end ISLAMABAD, Jan 22: Pakistan is likely to sign a string of trade agreements with Turkey later this month, a top official told Dawn.... CBR directive to RCITs ISLAMABAD, Jan 22: The Central Board of Revenue (CBR) has directed all its Regional Commissioners of Income Tax (RCITs) to stop the practice of issuing pre-show cause notice to an assessee... FCCI flays tax relief for SIZs FAISALABAD, Jan 22: Faisalabad Chamber of Commerce and Industry (FCCI) has criticized the government decision for exempting machinery and other related material from all taxes only for Special Industrial Zones (SIZs)... Karachi Port operations KARACHI, Jan 22: Three ships carrying containers, iron scrap and crude oil are due to arrive at the outer anchorage on Wednesday, according to KP