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| February 15, 2002 | Friday | Zilhaj 2, 1422 |
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IMF agrees to Rs14.9bn cut in tax target
ISLAMABAD, Feb 14: The International Monetary Fund has asked the Central Board of Revenue to collect Rs207.71 billion in the next five months (February-June) of the current financial year to achieve... 
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Hubco declares 40pc cash dividend
KARACHI, Feb 14: The Hub Power Company Limited (Hubco) announced on Thursday, interim cash dividend at 40 per cent or Rs4 per share, which was almost twice as good as most...
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PSO suffers Rs620m loss in six months
ISLAMABAD, Feb 14: Notwithstanding a saving of $527 million to Pakistan, the falling international oil prices have caused a net loss of Rs620 million to Pakistan State Oil (PSO) during the...
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Inflation rises in seven months
ISLAMABAD, Feb 14: Inflation rate based on Sensitive Price Indicator (SPI), Consumer Price Index (CPI) and Wholesale Price Index (WPI) during the first seven months of this fiscal, July-January 2001-2002, surged...
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Strong buying sends index up by 56 points
KARACHI, Feb 14: Stocks on Thursday staged a broad recovery on strong buying at the lower levels aided by an enhanced interim dividend of 40 per cent by the Hub-Power management....
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Lint buying
KARACHI, Feb 14: The Trading Corporation of Pakistan (TCP) on Thursday signed contracts for the purchase of 4,900 bales from the centres of Sukkur, Rahim Yar Khan, Bahawalpur, Haroonabad, Multan, Dera...
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Ordinance soon to improve trade
KARACHI, Feb 14: The government is in the process of promulgating an ordinance to give effect to its policies for the improvement of trade and transportation....
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Privatization as ‘single entity’
ISLAMABAD, Feb 14: The government has decided to privatize Pakistan State Oil (PSO) as a “single entity” within this year....
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CED levied on ship plates
ISLAMABAD, Feb 14: The government has levied central excise duty on import of ship plates at a rate of Rs500 per ton....
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PIA earns Rs300m profit
KARACHI, Feb 14: The overall performance of Pakistan International Airlines, particularly its financial position during the second half of last year was reviewed by PIAC’s Board of Directors here on Thursday....
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Cotton market lacks lustre
KARACHI, Feb 14: Quieter conditions prevailed on cotton market as spinners and mills again adhered to the sidelines apparently assessing the impact of TCP procurement operations on the price line....
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EC reviewing dumping measures: Indian bedlinen
KARACHI, Feb 14: The European Commission (EC) has initiated interim review of the anti-dumping measures on imports of cotton-type bedlinen from India, trade sources in Karachi said....
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Turkish team
ISLAMABAD, Feb 14: A 16-member delegation, led by Turkish ministers Sukru Sina Gurel and Prof. Dr. Suayip Usenmez, currently on a visit to Pakistan will hold a meeting with Privatization Minister...
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Bank Alfalah profit up
KARACHI, Feb 14: Bank Alfalah Ltd. posted an after-tax profit of Rs310 million in year 2001 up from Rs215 million in 2000....
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Euro stocks gain ground
LONDON, Feb 14: European share prices moved further ahead on Thursday, shoring up gains from the previous session as they tracked US markets higher and took heart from some fair corporate...
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Oil price climbs
LONDON, Feb 14: The price of oil climbed here on Thursday in response to a warning from US President George W. Bush that he would keep “all options available” for dealing...
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Karachi Port operations
KARACHI, Feb 14: Two ships including a car carrier with 96 units are due to arrive at the outer anchorage on Friday, according to KPT sources....
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MFN status
LAHORE, Feb 14: The European Union and Northern America Free Trade (Nafta) nations must accord the “most favoured nation” (MFN) status to Pakistan to help it revive its economy that has...
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