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| February 13, 2002 | Wednesday | Ziqa’ad 29, 1422 |
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Up to 20pc HBL shares to be off-loaded
ISLAMABAD, Feb 12: The government has decided to off-load five to 20 per cent shares of the Habib Bank Ltd with a view to giving benefits of the privatization to the... 
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Total demands 4pc margin on oil sale prices
LAHORE, Feb 12: An oil marketing company (OMC) has sounded a warning (to the government) that it would be forced to quit its plans for future investment in Pakistan if the...
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State Bank injects Rs18.3bn into inter-bank market: PIBs auction on 27th
KARACHI, Feb 12: Most banks overcame their liquidity problems on Tuesday as the State Bank pumped in Rs18.3 billion in inter- bank market....
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PS stands good chance in Afghan rebuilding
KARACHI, Feb 12: The government will ensure the supply of only those steel products into Afghanistan which are based on the raw material inputs of Pakistan Steel....
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PTCL move against ‘illegal’ VoIP providers
KARACHI, Feb 12: In regard to the Voice over Internet Protocol (VoIP), Pakistan Telecommunication Company Limited (PTCL) appears to have had a change of heart. First the telecom appeared to prepare...
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Export to Kabul Negative list of items
ISLAMABAD, Feb 12: The federal government announced on Tuesday a negative list of items and goods that could not be exported to Afghanistan and Central Asian Republics....
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Molasses export up
KARACHI, Feb 12: The export of molasses has increased by 108 per cent to $37 million on higher demand during the current fiscal year, exporters said on Tuesday....
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TCP begins cotton procurement
KARACHI, Feb 12: Trading Corporation of Pakistan (TCP) has started procurement of grade III cotton at Rs1,855 per maund (37.32 kg) to stabilize the prices....
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Draft insurance rules notified
ISLAMABAD, Feb 12: The Securities and Exchange Commission of Pakistan has notified the draft insurance rules 2002 under the insurance ordinance 2000 for soliciting views and comments of the public and...
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KSE index loses 24 points on renewed selling
KARACHI, Feb 12: Stocks on Tuesday came in for renewed selling and finished fractionally lower as reports of higher carryover charges inspired fresh selling from jobbers and weak-holders at the still...
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Afghan diplomat demands release of transit goods
QUETTA, Feb 12: The newly appointed Afghan Consul General in Quetta, Habibullah Allahyar, has demanded of Pakistan government to release hundreds of transit goods containers standard at Karachi port, since October...
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Cotton market firm amid TCP operations
KARACHI, Feb 12: Cotton market on Tuesday showed firm trend as ginners held on to their positions, anticipating an increase in prices after the Trading Corporation of Pakistan resumes supporting operations....
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Exports of foam, glass sheets and cement to Kabul up
PESHAWAR, Feb 12: Exports of glass sheets, cement and foam matrices from Peshawar to Afghanistan increased substantially during the last couple of weeks, according to sources....
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Tax bar wants another bench at SHC
KARACHI, Feb 12: The Income Tax Bar Association, Karachi (ITBAK) has demanded setting up of another special bench at Sindh High Court (SHC) for hearing tax and corporate cases and assist...
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Japan urges central bank to fight deflation
TOKYO, Feb 12: Japan wants its central bank to raise monthly purchases of Japanese government bonds (JGBs) by 25 per cent to help fight deflation in the country, Finance Minister Masajuro...
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German trade surplus
WIESBADEN, Feb 12: Germany’s trade surplus widened in December, even if both imports and exports continued to be hit by the global economic downturn, data published by the Federal Statistics Office...
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Oil prices ease
LONDON, Feb 12: Oil prices eased on Tuesday after a strong rally the day before triggered by concerns over the possibility of a short-term squeeze on supplies of benchmark North Sea...
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China to import 8.4m tons of wheat
BEIJING, Feb 12: China plans to import 8.468 million tons of wheat this year. The Chinese government unveiled 18.3 million tons of tariff quotas for imported grains, including corn, rice and...
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HBL earmarks Rs1bn forex for SMEs
FAISALABAD, Feb 12: Habib Bank Ltd (HBL) has allocated foreign exchange of Rs2.5 billion to facilitate exporters, out of which Rs1 billion has been earmarked for the small and medium enterprises,...
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US farm aid
WASHINGTON, Feb 12: Farmers and ranchers would see up to $80,000 apiece in disaster relief under an amendment approved by the US Senate on Tuesday....
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