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May 23, 2002 Thursday Rabi-ul-Awwal 10,1423 Banks experience no unusual withdrawals: SBP injects Rs10.8bn KARACHI, May 22: Both local as well as foreign banks operating in Pakistan say they have not witnessed any unusual withdrawal of money from banks in more than a week despite... Gold hits new peak of Rs6,232: Imports suspended KARACHI, May 22: Gold prices hit a new peak of the current year to Rs6,232 per 10 grams on Tuesday followed by suspension of gold imports in the wake of upward... $ gains in inter-bank, kerb market KARACHI, May 22: The US dollar that had fell below the crucial mark of Rs60 in the inter-bank market on Tuesday made an instant recovery on Wednesday.... Textile bodies formulate joint strategy KARACHI, May 22: In an unexpected development the arch rivals — spinners and textile ancillary industry leaders — on Wednesday resolved to formulate a joint strategy for addressing the problems of... NWFP abiana receipts decline PESHAWAR, May 22: The NWFP government recorded massive shortfall in abiana receipts during the first 10 months of the current financial year, leaving the achievement of Rs303 million annual target an... A new outbreak of protectionism feared KARACHI, May 22: The world business leaders have expressed the fear that the spirit of co-operation at Doha is under threat from a new outbreak of protectionism and trade disputes.... NEC meets on June 8 ISLAMABAD, May 22: Finance Minister Shaukat Aziz said on Wednesday that the National Economic Council (NEC) would meet on June 8 to review the development projects and approve the Public Sector... Stocks offer best yields in times of crisis KARACHI, May 22: Never mind the steep decline of 300 points in four sessions, stock brokers and analysts beckon the brave to defy the ‘herd mentality’ and seize the stocks as... Corporate circles abuzz with rumours: PICIC board seats KARACHI, May 22: As the date for the election of 15 directors on the Board of Pakistan Industrial Credit and Investment Corporation (PICIC) draws closer, corporate circles are abuzz with all... KSE puts cap on price fall KARACHI, May 22: The Karachi Stock Exchange put a tighter cap on maximum price fall in any scrip on a single day on Wednesday.... Indian stocks fall MUMBAI, May 22: Share prices closed 0.3 per cent lower on Wednesday on the Bombay Stock Exchange on sustained war fears after Prime Minister Atal Behari Vajpayee called for a “decisive... Stocks slump by 71 points as war fear mounts KARACHI, May 22: After a firm opening, the KSE 100-share index on Wednesday again received massive battering and plunged by another 4.4 per cent or 71 points at 1,527.58 on heavy... London stocks fall, dollar surges: India-Pakistan war fear LONDON, May 22: Britain’s FTSE 100 share index was dragged lower by heavyweight oil and banking stocks on Wednesday, with the market fearful of a clash between India and Pakistan and... Prices show erratic trend on cotton market KARACHI, May 22: Cotton prices on Wednesday showed an erratic trend as spinners continued to play hide-and-seek game with the ginners and kept them at their toes throughout the session in... Tenders invited in violation of farm ord KARACHI, May 22: Sindh Government’s Food Department in contravention of the “Agricultural Pesticides Ordinance 1971 (APO 1971)” has invited tenders for immediate supply of aluminium phosphide tablets in quantity of 30... Karachi Port operations KARACHI, May 22: Five ships carrying containers are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Trade query KARACHI, May 22: The Export Promotion Bureau (EPB) has received an international trade query from Zambia for the supply of 80 tons of pure Irri-6 rice per month.... Asian stock markets higher SINGAPORE, May 22: Fresh signs of regional recovery drove Asia’s key stock markets higher on Wednesday, while Japan intervened to rescue a swooning dollar and gold glittered after fresh terror fears...

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