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| May 25, 2002 | Saturday | Rabi-ul-Awwal 12,1423 |
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APCC approves Rs140bn PSDP
ISLAMABAD, May 24: The Annual Plan Coordination Committee (APCC) approved here on Friday Rs140 billion Public Sector Development Programme (PSDP) for 2002-2003.... 
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KSE index up 135 points on massive buying
 KARACHI, May 24: The KSE 100-share index on Friday soared by about nine per cent on massive buying taking a cue of peace signals from the Indian prime minister’s statement that...
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US economy grows by 5.6pc
WASHINGTON, May 24: US economic output roared 5.6 per cent higher in the first quarter of 2002, the government said on Friday, slower than first estimated but still the fastest pace...
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Aptma protests SECP decision: Futures trading in cotton
KARACHI, May 24: All Pakistan Textile Mills Association (Aptma) has joined hands with Karachi Cotton Association (KCA) in a row with the Karachi Stock Exchange (KSE) on resumption of futures trading...
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Cash crops fared well last year, PAC told
ISLAMABAD May 24: The negative agricultural growth last year was due to decrease in livestock and related sectors but the performance of cash crops of wheat, rice, sugarcane and cotton remained...
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Donation
ISLAMABAD, May 24: Toyota Motors on Friday donated 23 vehicles to facilitate the Afghan refugees in the process of their repatriation....
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Dollar nosedives in kerb
KARACHI, May 24: The US dollar nosedived to Rs60.50 for spot selling in the open currency market on Friday as money changers responded to the State Bank call to stop speculation...
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Gold prices up
LONDON, May 24: Safe-haven gold was sent to its highest level in more than 2-1/2 years on Friday, lifted by fears of war between India and Pakistan and renewed violence in...
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Foreign banks keeping a low profile
KARACHI, May 24: Big foreign banks operating in Pakistan are keeping a low profile to mitigate the risks to which they might be exposed in case a war breaks out between...
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Dollar higher against euro and yen
LONDON, May 24: The dollar edged higher against the euro and yen on Friday despite some good news from euro-zone economies as unwinded their positions ahead of an extended US holiday...
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Cotton market lacks trading interest
KARACHI, May 24: Cotton market on Friday lacked normal trading interest as buyers kept to the sidelines owing to two closures ahead and allied delivery problems....
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Karachi Port operations
KARACHI, May 24: Six ships carrying containers, soyabean oil and to load ethanol are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Smeda seeks an end to import licence
LAHORE, May, 24: The Small and Medium Enterprises Development Authority (Smeda) has recommended the government to waive import licence condition for all importers, especially the smaller ones....
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Indian stocks surge 2.4pc as war fear recedes
MUMBAI, May 24: Share prices rebounded Friday on the Bombay Stock Exchange after seven days of losses, as Prime Minister Atal Behari Vajpayee hinted that war with Pakistan could be averted,...
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CBR clarification
ISLAMABAD, May 24: The Central Board of Revenue (CBR) had dismissed reports that the levy of sales tax on medicines was being reviewed....
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Cigarette smuggling on rise
LAHORE, May 24: Counterfeit and smuggled tobacco products sold in the local market are said to be depriving the government of billions of rupees in tax revenue...
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