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February 10, 2002 Sunday Ziqa’ad 26, 1422 Dollar down by 1.3pc in two weeks KARACHI, Feb 9: The US dollar lost 35 paisa more against the rupee in the open market this week bringing the total loss it suffered in two weeks to 80 paisa.... Cotton export declines by 93.85pc: July-Jan trade figures ISLAMABAD, Feb 9: Pakistan’s export of raw cotton, synthetic textile fabrics, cutlery and onyx manufactures dropped drastically during the seven months (July-January) of the current financial year, as overall exports fell... India, EU talks under way: Zero duty on textiles KARACHI, Feb 9: The zero duty benefit on textile exports to European Union (EU) is likely to prove short-lived as India is also demanding similar concessions from the EU and seeking... 15pc GST levied on actual price of urea ISLAMABAD, Feb 9: The government has levied a 15 per cent general sales tax (GST) on urea at the actual price level, Dawn has learnt here on Saturday .... Drawback on polyester yarn may be enhanced LAHORE, Feb 9: The Ministry of Commerce (MoC) is said to be working on a proposition to enhance duty drawback on export of polyester yarn and fabric to Rs9.50/kg from the... MAP Awards: local firms outnumber multinationals: CORPORATE FOCUS KARACHI, Feb 9: If the Corporate Excellence Award 2000 of the Management Association of Pakistan (MAP) is any indication, the business practices of domestic companies are being updated to match those... CSCE sugar ends at fresh 4-months low NEW YORK, Feb 9: CSCE sugar futures sagged to finish on Friday at a four-month low on a late burst of fund and local selling, with operators betting spot March will... Enron may hurt US economic recovery WASHINGTON, Feb 9: The collapse of Enron Corp. and subsequent probes into fraud and accounting irregularities have not only hurt financial markets and other companies, but could impede a US economic... Kuwait to shut 200,000 bpd Shuaiba refinery KUWAIT, Feb 9: Kuwait state oil refiner decided on Friday to shut down its 200,000 barrel per day (bpd) Shuaiba refinery for 7-10 days due a fault in a heat exchanger... New York cotton futures higher NEW YORK, Feb 9: NY cotton futures closed with marginal gains in a choppy session with key players on both sides of the market before the release of a vital industry... Dhaka stocks up DHAKA, Feb 9: Dhaka Stock Exchange (DSE) ended higher for the second straight session on Saturday as banking and cement shares rose, brokers said.... Global Forum to discuss developing states economy PARIS, Feb 9: Competition and how it can be used to assist developing countries in developing their economic growth will be at the centre of the Second Global Forum on Competition... Bush wants big-spending in farm bill dropped DENVER, Feb 9: President George W. Bush warned the Senate to drop big-spending “political gimmickry” in from its farm subsidy overhaul on Friday because it would cheat growers in the long... Govt intends to formulate trade tariff for 5 years SIALKOT, Feb 9: Federal Secretary Industries and Production Dr Muhammad Akram Shaikh has said that the government is intending to formulate an effective trade tariff for the minimum period of five... European monetary union credibility at stake BRUSSELS, Feb 9: With last week’s European Commission early warning shot on Germany’s rising budget deficit still echoing across Europe, eurozone finance chiefs, meeting in Brussels next week, face an agonising... Spinners cover positions at lower levels KARACHI, Feb 9: The physical trading on the cotton market on Saturday showed further expansion as spinners covered positions at the attractively lower levels on the perception of positive outcome of... SME Bank working on Islamic system KARACHI, Feb 9: President, Small and Medium Enterprise (SME) Bank, Kaiser H. Naseem, has said the bank is in the process of developing Islamic instruments and hopefully it will start functioning... SPI depicts increase ISLAMABAD, Feb 9: The Sensitive Price Indicator (SPI) for the week ended on February 7, has registered an increase of 0.77 per cent over the corresponding week.... US Treasury objects to EU tax plan WASHINGTON, Feb 9: The Bush administration on Friday said it had serious concerns about a European Union proposal to apply valued-added taxes to imports of certain goods and services traded over... Prudential Investment Bank: CORPORATE PROFILE KARACHI, Feb 9: Chairman Rashidullah Yacoob has gone missing and with him perhaps much of the financial assets that he controlled, including millions of rupees that the shareholders had invested in...

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