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January 26, 2002 Saturday Ziqa’ad 11, 1422 119 sick industries revived: 31 units sold LAHORE, Jan 25: The Revival Committee for Sick Units has so far revived 119 sick units with total outstanding loan of Rs16 billion against them, saving about 37,000 jobs.... Large-scale units output declines: July-November KARACHI, Jan 25: Large-scale manufacturing that accounts for a one-fifth of Pakistan’s GDP has shown signs of continual decline in the first five months of this fiscal year.... Rice exports fetch $220m KARACHI, Jan 25: Minister of state and chairman Export Promotion Bureau, Tariq Ikram has said despite the fact that rice exports are lagging behind the target by 12 per cent, the... Sindh starts receiving foreign investment KARACHI, Jan 25: Sindh governor Mohammadmian Soomro has said that Sindh industrial areas have started attracting foreign investment and a Chinese investor has set up a garment unit in SITE Kotri,... Stocks finish weekend session with bullish note KARACHI, Jan 25: After a lower start on selling prompted by reports of Agni-1 test-fire by India, stocks ended the weekend session on a bullish note, signalling that the current bull-run... Manila cuts duties on 300 items KARACHI, Jan 25: The Philippines has reduced tariff on 300 products from zero to five per cent under ASEAN Common Effective Preferential Tariff (CEPT) programme.... Committee to review double refund cases KARACHI, Jan 25: Member Sales Tax, Central Board of Revenue (CBR), Falak Sher has set up a committee to resolve the cases of double refund claims.... SECP chief hopeful of investment in bourses KARACHI, Jan 25: The Chairman, Securities and Exchange Commission of Pakistan (SECP), Khalid A. Mirza told reporters on Friday that expatriate Pakistanis and foreign potential investors in UAE, Saudi Arabia and... Canada plans to boost trade with Pakistan TORONTO, Jan 25: Canada’s Minister for International Trade Pierre Pettigrew on Friday announced plans for boosting Ottawa’s two-way trade with South Asian countries, including India and Pakistan.... Dec tax collection exceeds target KARACHI, Jan 25: Member Direct Tax Central Board of Revenue (CBR) Vakil Ahmed Khan said on Friday that revenue collection for December has exceeded target by Rs3.5 billion to Rs21 billion.... Outlook for air cargo traffic seen improving PARIS, Jan 25: The Organization for Economic Cooperation and Development (OECD) has reported in Paris, at the close of a special workshop devoted to the problems of the air cargo sector,... Exporters make modest buying on cotton market KARACHI, Jan 25: Cotton market on Friday passed through another lean session as spinners were again conspicuous by their absence awaiting apparently some fresh positive developments on the international textile front.... Euro falls LONDON, Jan 25: The euro fell to a new six-month low point below $0.87 on Friday amid increasing signs of recovery in the US economy, dashing any hopes that the cash... Pakistan standards to be adopted in phases ISLAMABAD, Jan 25: The government has decided to adopt ISO standards as Pakistan standards in a phased manner for increasing domestic and foreign trade.... Country needs more forex reserves, says Ishrat MULTAN, Jan 25: The State Bank of Pakistan has been upholding the dollar from further slide against the rupee only to support the export sector on the cost of common man’s... Asian stock markets higher TOKYO, Jan 25: Most Asian stock markets moved higher on Friday led by Wall Street after Federal Reserve chairman Alan Greenspan’s positive comments on the outlook for the US economy.... NY cotton lower NEW YORK, Jan 25: NY cotton futures closed on a weak note on Thursday due to robust fund selling in the market, although steady scale-down trade and mill fixation buying blunted... Seminars on GSP in March KARACHI, Jan 25: The SAARC Secretariat and European Commission in joint collaboration with the SAARC Chamber of Commerce and Industry and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will... Karachi Port operations KARACHI, Jan 25: Three ships including two tankers to load naptha and molasses are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... Growth slows LONDON, Jan 25: British economic growth over 12 months slowed to 1.9 per cent in the fourth quarter of 2001 2.2 per cent in the third quarter, preliminary official figures showed...

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