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| May 24, 2002 | Friday | Rabi-ul-Awwal 11,1423 |
Trading suspended on KSE
 KARACHI, May 23: Trading on the Karachi Stock Exchange on Thursday could not be resumed as the authorities were not inclined to test the vulnerability of a market signalling distress signals...
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Over Rs10,000 RTCs banned
KARACHI, May 23: The State Bank on Thursday stopped banks from issuing rupee traveller cheques (RTCs) of more than Rs10,000 denomination. The SBP said in a statement it has directed all...
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Bourse wrestles with badla question
KARACHI, May 23: Behind closed doors, the management of the Karachi Stock Exchange (KSE) — all through the day and well into the night — remained embroiled in sorting out the...
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SBP mops up Rs3bn thru PIBs
KARACHI, May 23: The State Bank on Thursday sold Rs3 billion long-term Pakistan Investment Bonds in the cash-strapped inter- bank market that borrowed Rs17.3 billion from the central bank through its...
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HBL sell-off to complete by October
KARACHI, May 23: State Bank Governor Dr. Ishrat Hussain said here on Thursday that after the privatization of United Bank Limited by next month, the sell-off of the Habib Bank Limited...
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Amnesty scheme for new firms recommended
ISLAMABAD, May 23: Two sub-committees the Inter-Ministerial Committee on Deregulation have presented their recommendations to remove various irritants being faced by the business community....
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Gold rises to Rs6,267
KARACHI, May 23: Local gold price recorded a new height of the current year on Thursday, rising to Rs6,267 per 10 grams, from Rs6,232 on Wednesday, owing to, what bullion dealers...
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Dollar flies past Rs61 in kerb
KARACHI, May 23: The US dollar on Thursday shot up to Rs61.40 for spot selling in the kerb market against the previous close of Rs60.75 on panic buying fuelled by growing...
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Qatar, Iran jointly push for gas sale
ISLAMABAD, May 23: In the heat of regional pipeline lobbying, Qatar and Iran are stepping up their joint efforts to dovetail their gas supplies in one pipeline to carry their gas...
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Package for FFC on cards
LAHORE, May 23: The federal government is working on a relief package to help FFC Jordan Fertilizers Limited restart its DAP production, a person close to the developments says....
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Measures to end misuse of ATT under study
PESHAWAR, May 23: Privatization Minister Altaf M. Salim said on Thursday that the government was considering adopting comprehensive measures to end the misuse Afghan Transit Trade (ATT)....
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Joint ventures with US textile industry urged
KARACHI, May 23: State Bank Governor Dr Ishrat Hussain on Thursday advised Pakistan’s textile industry to enter into joint ventures and partnership with their counterparts in the US....
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Karachi Port operations
KARACHI, May 23: Four ships carrying containers are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Trading fails to pick up on cotton market
KARACHI, May 23: Physical activity on the cotton market failed to pick up on Thursday as fears of an Indian attack along the LoC in Kashmir kept spinners out of the...
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Brazil to decide very soon on WTO action against US farm bill
TOKYO, May 23: Brazil will decide within the coming weeks whether to take action at the World Trade Organization over Washington’s new farm bill, Foreign Minister Celso Lafer said here on...
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Indian gold prices at ten-year high
MUMBAI, May 23: Gold prices in India — the world’s largest consumer of the precious metal — were at a ten-year high on Thursday on sustained fears of a possible all-out...
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Major Japanese steelmakers suffer losses
TOKYO, May 23: Three major Japanese steelmakers said on Thursday they suffered massive losses in the year to March but said they expected to clamber back to profitability in the current...
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Yen slumps against dollar on BoJ intervention
LONDON, May 23: The yen fell sharply against the dollar here on Thursday after the Bank of Japan flexed its muscle again on currency markets, intervening for the second day running...
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Oil prices rise on renewed ME violence
LONDON, May 23: Oil prices firmed on Thursday as a fresh terror attack in the Middle East reversed some of the losses incurred in recent days....
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New York cotton futures higher
NEW YORK, May 23: NY cotton futures settled higher on Wednesday on technically-inspired speculative buying, with operators betting the market will hoist the market past topside technical barriers in the coming...
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