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| April 17, 2002 | Wednesday | Safar 3, 142 |
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Govt to issue Rs30bn bonds: KESC restructuring
ISLAMABAD, April 16: The Economic Coordination Committee (ECC) of the cabinet on Tuesday decided to issue Rs30 billion bonds on behalf of Karachi Electric Supply Corporation (KESC) and take over its... 
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Jute industry facing closure
ISLAMABAD, April 16: The jute industry - the third largest organized industry after textile and sugar - is fearing complete closure of units due to a proposed reduction in import duty...
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Rs28 billion NPLs restructured: CIRC performance reviewed
LAHORE, April 16: The state-owned financial institutions have restructured non-performing loans to the tune of Rs28 billion on the recommendation and active involvement of the Corporate and Industrial Restructuring Corporation (CIRC)....
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60,000 tons wheat being exported to Iraq
KARACHI, April 16: More than 60,000 tons of wheat is being shipped to Iraq in two vessels late this month and next month following an approval of the samples by the...
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TBs auction to get big response
KARACHI, April 16: The treasury bills auction due on Wednesday is sure to attract much larger bids than the sale target of Rs3 billion. Senior bankers say this may pose a...
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Leading scrips post fresh good gains on KSE
KARACHI, April 16: Stocks on Tuesday maintained an uppish leaning as leading shares posted fresh good gains on active follow-up support aided by positive news on the budget front and some...
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Rs12bn loss in 9 months
KARACHI, April 16: The Karachi Electric Supply Corporation Limited (KESC) reported on Tuesday after-tax loss amounting to Rs12 billion for the nine months (July-March 2001-02) period....
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Takeover law further delayed
ISLAMABAD, April 16: The enactment of law to allow take-over of listed companies by new management was further delayed after a high level 2-day meeting held at the Ministry of Finance...
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OMCs sale moves up slightly in March
KARACHI, April 16: Sales of oil marketing companies (OMCs) rose by 0.20 per cent in March 2002....
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New product for small investors
KARACHI, April 16: Jahangir Siddiqui Investment Bank Limited (JSIBL) told the stock exchange that it was offering a plan according to which the bank would “provide funds for investment in listed...
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WB chief plan for poverty Alleviation
WASHINGTON, April 16: World Bank President James Wolfensohn has proposed a seven-point action plan for translating the revived spirit of international support for development into results for the world’s poor....
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Cotton market lacks trading interest
KARACHI, April 16: Cotton market lacked normal trading interest on Tuesday as sellers and buyers failed to match price ideas because of conflicting reports from the export front....
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2 oil exploration licences granted
ISLAMABAD, April 16: The Government of Pakistan on Tuesday granted two petroleum exploration licences to the joint venture of Oil and Gas Development Company Limited (95 per cent) and Government Holdings...
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Karachi Port operations
KARACHI, April 16: Five ships carrying containers and to load molasses are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Palm oil ends lower
KUALA LUMPUR, April 16: Malaysian palm oil futures stayed in a narrow trading range on Tuesday and closed lower as players booked profits from a two-day rise after overnight losses in...
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Yen rises
TOKYO, April 16: The yen was higher against the dollar in late Tokyo trading Tuesday on exporter-demand as investors dismissed a move by Standard and Poor’s (S and P) to cut...
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