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| March 15, 2002 | Friday | Zilhaj 30, 1422 |
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OCAC review today POL prices may go up by 7-12pc
KARACHI, March 14: The Oil Companies Advisory Committee (OCAC) may increase the prices of petroleum products in its fortnightly review on Friday following upward movement in prices of crude oil and... 
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Dollar up in inter-bank, kerb market
KARACHI, March 14: The US dollar rose to Rs60.40/Rs60.50 for spot buying and selling in the kerb market on Thursday up 15 paisa from the previous close of Rs60.25/Rs60.35 as supply...
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Privatization to boost economy, says PC chief
LAHORE, March 14: Privatization Minister Altaf M Saleem said here on Thursday that the privatization of the public sector industrial units was in the larger national interest and would help strengthen...
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GCC to form customs union next year
RIYADH, March 14: The Gulf Cooperation Council (GCC) finance ministers in their recent meeting have cleared the last snag towards the creation of a GCC customs union, within the next 10...
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Opec output curbs
VIENNA, March 14: Key Opec ministers recommended on Thursday leaving the oil cartel’s output quotas unchanged until June, but it could open the taps after that, Iranian oil minister Bijan Namdar...
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EoIs invited for 51pc stake in PSO
ISLAMABAD, March 14: The Privatization Commission has invited Expressions of Interest (EoIs) from qualified strategic investors for 51 per cent equity stake in Pakistan State Oil (PSO), together with management control....
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Oxy intends to invest $150m
ISLAMABAD, March 14: John Winterman, executive vice president of Oxy Petroleum Company USA, has said that his company intends to make a further investment of $150 million in the petroleum sector...
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PEFG to act as agent for IDB body
KARACHI, March 14: Pakistan Export Finance Guarantee Ltd. (PEFG) will start working as an agent of Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) in Pakistan from April 1...
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UK engineers meet SSGC MD
KARACHI, March 14: Leader of delegation of Institution of Civil Engineers from UK, Andrew Hollway has said that Pakistani engineers should be upgraded technically so that they could be acceptable to...
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12 ICP funds offered for sale
ISLAMABAD, March 14: The Privatization Commission revised on Thursday the number of Investment Corporation of Pakistan (ICP) Mutual Funds being offered for sale the management rights for 12 of ICP’s funds...
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Index up by 3.77pc on heavy buying in energy scrips
KARACHI, March 14: The KSE 100-share index on Thursday confidently breached through the psychological barrier of 1,900 points boosted by heavy buying in the energy shares followed by reports of increase...
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Cotton market consolidates gains
KARACHI, March 14: Cotton market on Thursday consolidated the previous gains following steady inflow of buying offers both from the spinners and the exporters but there was no evidence of hasty...
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EU, US to hold talks next week: Steel tariffs
GENEVA, March 14: The EU Commission and the United States will open talks here on Tuesday on European objections to tariffs to be introduced by Washington on most steel imports, the...
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ADB loan to Sri Lanka
COLOMBO, March 14: The Asian Development Bank has approved $200 million in loans to Sri Lanka, government officials here said on Thursday....
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Karachi Port operations
KARACHI, March 14: Eight ships including two tankers carrying 0.125 million tons of crude oil are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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4,336 taxpayers de-registered
ISLAMABAD, March 14: The Central Board of Revenue has de-registered about 4,336 taxpayers during July-January period of the current financial year, who were wrongly registered with the sales tax department....
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Pakistan may import up to 1.2m tons of palm oil
KUALA LUMPUR, March 14: Malaysian crude palm oil futures rallied at the close on Thursday, inspired by strong covering in the physical sector due to hopes of better exports in March,...
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Global FDI falls 40pc
LONDON, March 14: Foreign direct investment plunged by 40 per cent worldwide in 2001 but should recover strongly in 2003 after stagnating this year, The Economist Intelligence Unit — a sister...
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