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April 9, 2002 Tuesday Muharram 25, 1423 Cotton stakeholders meeting on 16th: Operational plan KARACHI, April 8: The two most affluent and politically powerful segments of the national economy — ginners and spinners — are again getting together on April 16 at Islamabad to thrash... Economic growth can reduce poverty: Shaukat speaks at Saarc moot ISLAMABAD, April 8: Finance Minister Shaukat Aziz on Monday said that economic growth could effectively reduce poverty, provided it was accompanied by a comprehensive programme for social development.... Confusion prevails on oil market: ME tension, referendum KARACHI, April 8: Confusion now prevails on the oil market whether the next fortnightly price review on April 15, will face the same fate (April 2) of delaying the price announcement... 3 cos forbidden from business: Reinsurance arrangements ISLAMABAD, April 8: The Securities & Exchange Commission of Pakistan (SECP) has forbidden three insurance companies — Dadabhoy Insurance Company, Continental Insurance Company and Gulf Insurance Company — to underwrite insurance... CBR pays Rs54.37bn in refunds: July-March ISLAMABAD, April 8: The Central Board of Revenue (CBR) has paid Rs54.37 billion refund/rebate to exporters during July-March period of the current financial year against Rs37.6 billion during.... Jahangir Siddiqui & Co: CORPORATE PROFILE KARACHI, April 8: Jahangir Siddiqui & Company Limited — the listed securities brokerage and financial services firm — announced results for the quarter ended March 31, 2002 within six days of... Import without approval allowed: CNG machinery ISLAMABAD, April 8: The Central Board of Revenue (CBR) has decided to allow duty free import of compressed natural gas (CNG) machinery, equipment, conversion kits and cylinders without prior approval of... Kenya to import fertilizer ISLAMABAD, April 8: Kenya Tea Board (KTB) has agreed to import fertilizer and packaging/ packing material to bring balance in the trade of both the countries. This was stated by Federal... Stocks mixed as investors keep to sidelines KARACHI, April 8: Stocks on Monday showed mixed trend as leading investors kept to the sidelines most of the time apparently assessing the impact of presidential referendum on the market in... London, US stocks fall on oil halt, IBM warning LONDON, April 8: Britain’s leading shares fell to their lowest level for over five weeks on Monday as mounting tension in the Mideast and an earnings warning from US computer giant... Dull session on cotton market KARACHI, April 8: Cotton market passed through another cheerless session on the week’s opening session as were conspicuous by their absence despite the fact that ginners were willing sellers at the... EU eyes world’s second cotton futures market PARIS, April 8: The European Union grows less than three per cent of the world’s cotton but it may soon become home to an ambitious project aimed at stitching up a... Karachi Port operations KARACHI, April 8: Five ships including Norma to load 33,000 tons of molasses are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Exploratory shaft at Thar coal: deal signed KARACHI, April 8: Geological Survey has entered into an agreement with Bakht Business House for sinking of an exploratory shaft at Thar coal field prior to awarding a contract for mining... NTC hearing on 18th for duty waiver ISLAMABAD, April 8: The National Tariff Commission (NTC) will hold a public hearing on the relevant industry’s request for total exemption of semi-finished malleable pipe fittings from customs duty by way... Rubber alliance KUALA LUMPUR, April 8: An alliance grouping the world’s top three rubber producers — Malaysia, Thailand and Indonesia — would begin boosting prices within the coming months of this year, Malaysia... Malaysian reserves at $32.7bn KUALA LUMPUR, April 8: Malaysia’s central bank said on Monday its international reserves stood at $32.7 billion at the end of March, up slightly from $32.6 billion on March 14.... Euro dips in technical trading, yen holds firm LONDON, April 8: The euro dipped against the dollar on Monday in largely technical trading ahead of German labour market data, while the yen held firm against the US unit.... Malaysian palm oil prices up KUALA LUMPUR, April 8: Malaysian palm oil futures ended up after an active session on Monday but dealers said there were few clues to direction with China remaining silent on its... China’s economy to maintain near 7-8pc SHANGHAI, April 8: China’s economy will grow by seven to eight per cent annually until 2005 and will stay near that figure for the following five years, a top government economic...

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