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February 21, 2002 Thursday Zilhaj 8, 1422 50pc live below poverty line in Sindh KARACHI, Feb 20: In Sindh, more than 11 million men and women are jobless, sitting idle for want of work, and over 15 million are living below the poverty level.... PSO profits plunge by 66 per cent: 30pc cash dividend declared KARACHI, Feb 20: Pakistan State Oil Company Limited (PSO)—the largest oil marketing company in the country—posted 66 per cent plunge in after-tax profit to Rs452 million for the first half of... No further easing in monetary policy KARACHI, Feb 20: The State Bank will not go for further easing of monetary policy during this fiscal year: it may rather keep the stance of the monetary policy intact to... Exports to Kabul can touch $500m in two years LAHORE, Feb 20: Pakistan could increase its exports to the war-ravaged Afghanistan to $500 million from the last year’s $140 million in two years if it succeeds in getting orders for... Thousands of workers lose jobs: Units closure in NWFP PESHAWAR, Feb 20: Thousands of industrial workers and skilled labourers lost their jobs due to closing down of over 640 units out of a total of 1970 registered industrial concerns the... Stocks bullish as index gains another 29 points KARACHI, Feb 20: Stocks on Wednesday remained in a bullish frame of mind despite a below market expectations interim dividend of 30 per cent by Pakistan State Oil (PSO) and finished... OMCs exploring Afghan market KARACHI, Feb 20: Oil Marketing Companies (OMCs) are exploring Afghan market and studying the demand, infrastructure requirements and pricing of petroleum products there.... FWBL plans three new products LAHORE, Feb 20: First Women Bank Ltd hopes it would improve its net profit for the FY2001 to Rs118 million from previous year’s profit of Rs26 million.... Oil price dips to $19.98 LONDON, Feb 20: The price of oil suffered heavy losses on Wednesday after Russia stalled on extending its recent export cutback, sparking concerns about an all-out price war between leading producers.... Export facilitation centre KARACHI, Feb 20: The collectorate of customs (exports) has initiated another step to facilitate exporters by setting up export facilitation centre at M I Yard, West Wharf.... Russia delays decision on oil export quotas MOSCOW, Feb 20: A Russian cabinet meeting attended by the country’s top oil executives on Wednesday delayed a decision on future export quotas amid growing signs that Moscow was on the... Cotton market shows dull trading KARACHI, Feb 20: Cotton market on Wednesday passed through another cheerless session as spinners adhered to the sidelines after ginners raised their asking prices.... British trade deficit LONDON, Feb 20: The British trade deficit swelled again in December to 3.18 bn pounds from a revised shortfall of 2.84 bn in November, official figures showed on Wednesday.... Invitation KARACHI, Feb 20: The Tunisian Ambassador to Pakistan, Lamine Benzarti, has invited the FPCCI to send a 2-3 member team to Tunisia to hold negotiations with its counterpart, on the occasion... Microsoft, Intel Corp initiative KARACHI, Feb 20: At the 3GSM World Congress 2002, Microsoft Corp and Intel Corp announced that they have formed an initiative to develop reference designs for personal digital assistants (PDAs) and... PAA, APG sign pact KARACHI, Feb 20: The Pakistan Advertising Association (PAA) and one of its component groups, the Advertising Practitioner’s Guild (APG), have decided to pool their resources and expertise to revitalize the advertising... Euro down against dollar LONDON, Feb 20: The euro dipped against the dollar on Wednesday but dealers said the US currency was still struggling to shake off worries about equity weakness and potential accounting irregularities... Kuwait plans to invest $2bn in Indonesia JAKARTA, Feb 20: Visiting Kuwaiti Finance Minister Yousif al-Ibrahim said on Wednesday his country plans to invest two billion dollars in various development projects in Indonesia, the state Antara news agency... Asian stock markets close lower TOKYO, Feb 20: Stock markets across Asia were dragged lower by Wall Street on Wednesday as investors turned cautious and took profits.... Rating KARACHI, Feb 20: JCR-VIS Credit Rating Company Ltd has reaffirmed the rating of B-3 (B three) assigned to First Paramount Modaraba (FPM)....

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