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February 1, 2002 Friday Ziqa’ad 17, 1422 EC removes dumping duty: Bedlinen KARACHI, Jan 31: The European Commission (EC) has, with immediate effect, terminated anti-dumping duty imposed on bedlinen imports from Pakistan about five years ago.... Analysts fear overrun in fiscal deficit: Troops mobilization KARACHI, Jan 31: The costs of military mobilization to the border and the Line of Control (LoC) has already begun to worry economists. And though it is still difficult to figure... Rs202.82 billion revenue collected in seven months ISLAMABAD, Jan 31: The Central Board of Revenue (CBR) provisionally collected Rs202.82 billion during the first seven months of the current financial year against Rs213.07 billion revenue collected during the same... Diesel prices cut by 2.45 per cent KARACHI, Jan 31: The Oil Companies Advisory Committee (OCAC) has slashed the prices of high speed diesel (HSD) by 2.45 per cent to Rs14.74 from Rs15.11 per litre. Prices of other... First Islamic bank to be functional in Feb-March KARACHI, Jan 31: If all goes well — one can walk in any of the five branches of the first-ever Islamic bank in Pakistan by end of February or early March.... Sale of smuggled spices on rise KARACHI, Jan 31: The enormous smuggling of spices into Jodia Bazar has led to oversupply position, making the smuggled commodity cheaper by five to 10 per cent as compared to items... Aptma seeks funds for BMR KARACHI, Jan 31: Governor State Bank Dr Ishrat Hussain has expressed the hope that scheduled banks will reduce their lending rates in response to reduction in discount rates being made by... KSE wants bonus shares exempted from tax KARACHI, Jan 31: The Chairman, Karachi Stock Exchange, Salim Chamdia made a strong plea on Thursday for restoration of tax exemption on bonus shares.... LSE begins futures trading today LAHORE, Jan 31: The Lahore Stock Exchange will start futures trading under the newly-devised rules and regulations from Friday , an LSE spokesman told Dawn here on Thursday.... Price flare-up intensifies as index up by 27 points KARACHI, Jan 31: Price flare-up on the stock market on Thursday further intensified as investors continued to build up long positions in a broad-based rally inspired by perceptions of a robust... Steps to boost NWFP industrial sector proposed PESHAWAR, Jan 31: A comprehensive strategy, involving incentive package to ensure capital investment in the backward areas, greater access to credit, strengthening of the provincial level institutions responsible for industrial development... Spinners buy inferior lots KARACHI, Jan 31: Moderate trading was witnessed on the cotton market on Thursday as some of the spinners resumed their covering operations against forward sales of cotton yarn.... WB plans package for Sialkot SMEs SIALKOT, Jan 31: The World Bank will recommend International Finance Corporation (IFC) to design a comprehensive programme, in collaboration with Pakistan government, Smeda and SCCI, to develop and boost the Sialkot-based... Karachi Port operations KARACHI, Jan 31: Five ships including a rice loader and a tanker carrying 6,500 tons of palm oil are due to arrive at the outer anchorage on Friday.... Seminar for effective copyright laws LAHORE, Jan 31: Pakistan needs to formulate effective laws relating to the protection of intellectual property rights (IPRs) by Dec 31, 2004 before enforcement of the WTO regime to safeguard its... Airbus TOULOUSE, Jan 31: Despite a general economic slowdown in 2001 Airbus was able to consolidate its position as world’s leading aircraft manufacturer.... Oil prices LONDON, Jan 31: The price of oil turned higher here on Thursday in a technical rebound from losses in the previous session that were caused by concerns of a build up... Asian stock markets revive TOKYO, Jan 31: Asian bourses powered up on Thursday in line with a resurgent Wall Street after the Federal Reserve signalled a US economic recovery is on the way....

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