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| March 16, 2002 | Saturday | Muharram 1, 1423 |
Oil prices up by 4.9 to 7.8pc: Diesel unchanged
KARACHI, March 15: The Oil Companies Advisory Committee (OCAC) on Friday increased the prices of petrol, light diesel oil (LDO), high octane blending component (HOBC), kerosene, JP-4 and JP-1 by 4.87...
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SBP cuts markup on FCY export finance
KARACHI, March 15: The State Bank on Friday lowered the markup by 86 basis points on both pre-shipment and post-shipment export financing in foreign currency. But exporters say the rate-cut has...
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IFAC plans global task force
KARACHI, March 15: The International Federation of Accountants (IFAC) — New York-based representative for the worldwide accountancy profession — said it was planning to form an international task force of investors,...
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CIRC disposes of 33 cases worth Rs4.7 billion
ISLAMABAD, March 15: The Corporate and Industrial Restructuring Corporation (CIRC) has disposed of 33 cases worth Rs4.7 billion in two years of its inception against an outstanding debt of Rs60 billion...
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Sugar output to exceed 3m tons
ISLAMABAD, March 15: Federal Minister for Food and Agriculture Khair Muhammad Junejo on Friday said the sugar production is likely to exceed 3 million tons in 2001-02....
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Heavy selling in PTCL, Hubco: index down 43 points
KARACHI, March 15: Stocks on Friday beat a hasty retreat as bears were back in the market and indulged in heavy selling in PTCL and Hub-Power, pushing the KSE 100-share index...
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Gross NPLs stand at Rs308bn
KARACHI, March 15: Gross non-performing loans (NPLs) of the entire banking system at the end of December 2001 stood at Rs308.5 billion....
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SME Bank to start commercial banking
LAHORE, March 15: The SME Bank plans to start commercial banking in six months, says its president Kaiser H. Naseem....
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SECP guide for investors
ISLAMABAD, March 15: The Securities & Exchange Commission of Pakistan (SECP) issued here on Friday the long-awaited “Investor Guide” for helping investors, both present and potential, avoid unnecessary losses and obtain...
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Industrial moot
KARACHI, March 15: The Italian Ambassador Gabriele de Ceglie said Friday that his country was working on a plan to hold a conference on “industrial partnership between Italy and Pakistan” in...
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Rice Board
KARACHI, March 15: Commerce Minister Abdul Razak Dawood has invited representatives of rice exporters, growers and millers in Islamabad on March 19, to discuss the format of “Rice Board”....
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Cotton market lacks lustre
KARACHI, March 15: Cotton market on Friday passed through a relatively quieter session as spinners took a technical pause to have an overview of their inventories before making fresh commitments....
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Gas deal delayed
NICOSIA, March 15: A delay in the signing of gas deals worth $20 billion in Saudi Arabia, and statements by oil producers ahead of an Opec meeting made this week’s business...
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Karachi Port operations
KARACHI, March 15: Four ships carrying containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Concern over freight hike
KARACHI, March 15: The chairman, Pakistan Hosiery Manufacturers Association (PHMA), Muhammad Kamran Chandna urged the chairman, EPB, Tariq Ikram to take up the issue of arbitrary increase in freight rates to...
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KCCI
KARACHI, March 15: The President, Karachi Chamber of Commerce and Industry (KCCI), A. Q. Khalil has expressed concern over the declining trends in the exports and demanded appropriate steps to reverse...
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European oil prices firmer
LONDON, March 15: European oil swaps were steady to firmer on Friday as crude futures prices held on to the bulk of previous session gains, brokers said....
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Merrill Lynch shuts 19 branches
TOKYO, March 15: A unit of US investment bank Merrill Lynch closed 19 branches in Japan on Friday, laying off 1,200 of 1,700 staff from its retail operations....
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