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| June 4, 2002 | Tuesday | Rabi-ul-Awwal 22,1423 |
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2,788 companies apply for de-registration
ISLAMABAD, June 3: A total of 2,788 companies applied for de-registration under the Companies Easy Exit Scheme (CEES) launched by the Securities and Exchange Commission of Pakistan for companies which were... 
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Duty-free import of capital goods: Proposals under study
ISLAMABAD, June 3: The government is considering proposals for duty free import and local purchase of capital goods and machinery from the next financial year....
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Sindh FC meets today amid total confusion
KARACHI, June 3: The Provincial Finance Commission (PFC) of Sindh is meeting here on Tuesday afternoon without any agenda and in total confusion....
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SLCL okays 50pc preference shares
KARACHI, June 3: The members of Security Leasing Corporation Limited (SLCL) approved the 50 per cent right issue of preference shares at the company’s extraordinary general meeting (ExGM) on May 31,...
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Petroleum exploration licence awarded
ISLAMABAD, June 3: The government on Monday granted a petroleum exploration licence to the joint venture of Petroleum Exploration (Pvt) Limited (95%) and Government Holding (Pvt) Limited (5%) over Block No...
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Premier Oil, Microsoft teams meet governor
KARACHI, June 3: Premier Oil Company Chief Executive Patric Bird along with company’s Adviser Akbar Aziz, and a delegation of Microsoft led by its Managing Director for Middle East Mohammad Khateeb...
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CED on fibre optic may go
ISLAMABAD, June 3: The government is likely to abolish central excise duty (CED) on fibre optic from the next financial year....
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India raises petroleum prices
NEW DELHI, June 3: India raised prices of diesel and petrol on Monday to match the rally in global crude prices in the last three months, Oil Minister Ram Naik said....
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Sugar output
KARACHI, June 3: The sugar production in the country is estimated at more than 3.22 million tons till May 15, 2002....
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Value-added exports on rise: Razak
LAHORE, June 3: The share of the value-added products in the country’s exports has considerably increased during this fiscal year, says commerce minister Abdul Razak Dawood....
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May 8 blast, war threat hit oil exploration
KARACHI, June 3: Some on-going oil and gas exploration projects, involving expertise of foreign consultants and vendors, are being delayed since the companies and even their countries have cautioned them to...
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Corporate governance moot put off
PARIS, June 3: The Organization for Economic Cooperation and Development has called off the Fourth Asian Roundtable on Corporate Governance that was scheduled to begin next week (June10-12) at Mumbai, according...
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War fear keeps investors on sidelines
KARACHI, June 3: Stocks on Monday gave another insipid performance, as investors were not inclined to make fresh commitments as fears of war with India continued to be a dominating inhibiting...
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NWFP sets Rs50m target for farm IT, land tax: Fiscal year 2002-03
PESHAWAR, June 3: The NWFP government has set a Rs50 million recovery target collectively under both the components of land tax and agriculture income tax for the financial year 2002-03, according...
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Nasdaq seeks alternative to tie-up with OSE
TOKYO, June 3: Nasdaq Stock Market Inc. said Monday it was seeking alternatives to a tie-up with Japan’s Osaka Securities Exchange (OSE), which operates the Nasdaq Japan market for start-ups, due...
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Indonesian minister seeks end to IMF cooperation
JAKARTA, June 3: An Indonesian minister on Monday launched a strong attack on the International Monetary Fund (IMF), saying its prescriptions are dangerous for the country....
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Prices move up on cotton market
KARACHI, June 3: Cotton prices on Monday showed a modest increase thanks to strong presence of exporters and spinners in the backdrop of reports of higher demand for textiles in the...
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Microsoft, Soneri Bank sign pact
KARACHI, June 3: Microsoft Pakistan and Soneri Bank on Monday signed an ‘enterprise agreement’ embarking on a relationship that will help the bank to introduce new and innovative technology concepts and...
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WTO panel to examine legality of US steel measures
GENEVA, June 3: The World Trade Organization has approved the setting up of a panel of experts to examine the legality of US steel tariffs following a complaint by the EU,...
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UBL launches UMMF
KARACHI, June 3: The United Asset Management Company Ltd. (UAMC) on Monday announced formation of United Money Market Fund (UMMF), the first ever open-end money market fund to be launched in...
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