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| May 30, 2002 | Thursday | Rabi-ul-Awwal 17,1423 |
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Banks cool towards 3-month T-bills: Interest rate stability
KARACHI, May 29: Most banks are reluctant to invest money in three-month treasury bills after realizing that the State Bank wants to keep interest rate stable.... 
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Edible oil imports may fall by 20pc: Move to raise ST
KARACHI, May 29: Pakistan edible oil imports could drop by at least 20 per cent if the government goes ahead with its plan to raise sales tax on imports in the...
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ICI to make further investment in PTA
KARACHI, May 29: ICI Pakistan Limited proposes to make further investment in Pakistan PTA Limited by way of equity and provision of guarantees for obligations of that company....
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Black tea’s inclusion in smuggled goods likely
ISLAMABAD, May 29: The government is likely to include black tea in list of notified goods within the meaning of smuggling from the next fiscal year....
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Govt awards Zamzama lease
ISLAMABAD, May 29: The government on Wednesday awarded the lease of Zamzama Gasfield for its development and production to a joint venture of BHP of Australia (38.5%), Lasmo, a subsidiary of...
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President summons NFC members: Resource distribution
KARACHI, May 29: President Pervez Musharraf has summoned all the 11 members of the National Finance Commission (NFC) for a meeting on Friday at Islamabad in a bid to thrash out...
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Gold prices hit 5-year high
LONDON, May 29: Gold soared to its highest level in nearly five years on Wednesday as investors scrambled into the ultimate safe haven asset to protect themselves from a possible India-Pakistan...
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Musharraf to meet EAB members
KARACHI, May 29: President Pervez Musharraf will meet the members of the Economic Advisory Board on Saturday (June 1) after the 10th meeting of the Economic Advisory Board scheduled to be...
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Conversion of debts into equity
KARACHI, May 29: Javedan Cement Limited told the stock exchange on Wednesday that the company proposes to convert debts due to State Cement Corporation of Pakistan (SCCP) into equity....
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Dollar down in kerb
KARACHI, May 29: The US dollar shed 20 paisa against the rupee in the kerb market on Wednesday. It closed at Rs60.30/ Rs60.40 for spot buying and selling against the previous...
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Hi-tech centre
SINGAPORE, May 29: Singapore and China said on Wednesday they had signed an agreement to set up an innovation centre here to promote technologies developed by Chinese companies. The China Innovation...
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Only 117 landlords file returns in NWFP
PESHAWAR, May 29: NWFP government has received only 117 agriculture income tax returns from total 676 big landlords, according to official sources....
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Hubco leads recovery on stock market
KARACHI, May 29: Heavy short-covering in Hub-Power on Wednesday took the entire market along with it into the plus column after a highly erratic early performance aided by hopes that the...
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SLIC life fund rises to Rs75bn
QUETTA, May 29: The life fund of the State Life Insurance Corporation (SLIC) has increased from Rs70 billion to Rs75 billion during the current financial year....
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ASEAN asked to cut 2010 free trade deadline
MANILA, May 29: Southeast Asian nations should advance their 2010 deadline for dismantling all tariff barriers to cope with rising competition for investments, ASEAN secretary-general Rodolfo Severino proposed on Wednesday....
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Cotton market maintains firm outlook
KARACHI, May 29: Cotton market on Wednesday maintained a firm outlook as ginners held on to their positions anticipating an increase in prices in the coming sessions in response to bullish...
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Weight, packing standards for mango export
KARACHI, May 29: Customs has implemented “weight and packing standardization” to prevent exports of ineligible items in export packing of mangoes from Pakistan....
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Karachi Port operations
KARACHI, May 29: Five ships carrying containers and steel coil and to load molasses are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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M.A. Kidwai new Suzuki chief
KARACHI, May 29: Midhat A. Kidwai, director operations of Suzuki Motorcycles Pakistan Limited would be successor to managing director and chairman Danishmand, who will relinquish his charge on May 31, 2002....
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Aptma criticizes SSGC billing
KARACHI, May 29: All Pakistan Textile Mills Association (Aptma), one of the largest consumers of gas, is critical of SSGC ‘indifference’ towards their customers....
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