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| June 7, 2002 | Friday | Rabi-ul-Awwal 25,1423 |
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United Bank transaction structure approved
ISLAMABAD, June 6: The Cabinet Committee on Privatization (CCoP) here on Thursday approved the transaction structure for the privatization of United Bank Limited (UBL).... 
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Consumer product giants business unaffected: Pakistan-India tension
KARACHI, June 6: The mounting tension on Pak-India border has not affected the business of leading consumer product giants which continue to show steady growth....
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KSE to invest Rs20m in NCEL
KARACHI, June 6: Karachi Stock Exchange approved an investment of Rs20 million in the shares of National Commodity Exchange Limited (NCEL) on Thursday....
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BoE holds interest rates at 4 per cent
LONDON, June 6: The Bank of England held its main interest rate steady on Thursday at 4.0 per cent for the seventh month in a row, as it waited for clearer...
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SECP notifies draft rules for NBFIs
ISLAMABAD, June 6: Securities and Exchange Commission of Pakistan has notified draft rules for the non-banking financial institutions (NBFI’s), which would be regulated by it from next month....
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PICIC emerges as strong financial institution: Soomro opens bank branch
KARACHI, June 6: Sindh Governor Mohammedmian Soomro said it was gratifying that PICIC had turned around and emerged as a strong and vibrant financial institution....
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Cotton output up by 1.25pc
KARACHI, June 6: The cotton production has increased by 1.25 per cent to more than 10.291 million bales till June 1, 2002, says a fortnightly report of Pakistan Cotton Ginners Association...
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Foreign investment in US drops 60pc
WASHINGTON, June 6: Foreign investment in the United States suffered a precipitous 60-per cent drop in 2001, as the US market lost some of its lustre due to an economic recession...
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Raise in tax exemption limit sought
KARACHI, June 6: The Small and Medium Enterprises Association of Pakistan wants the tax exemption limit on personal income be raised to Rs10,000 a month or Rs120,000 a year....
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Malaysia to import livestock
KARACHI, June 6: Malaysia will import $0.3 million livestock from Pakistan on monthly basis....
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Rejection of Indian proposal triggers selling
KARACHI, June 6: After moving either-way, Karachi stocks on Thursday finished on an easy note on selling prompted by reports of Pakistan’s rejection of Indian proposal of a joint petrol of...
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PODB plans olive oil production on mass scale
ISLAMABAD, June 6: Pakistan Oilseeds Development Board (PODB) has launched a project to produce olive oil on a mass scale in suitable areas of Punjab, NWFP and Baluchistan that will go...
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Cotton market remains firm
KARACHI, June 6: Cotton market on Thursday extended the previous firmness followed by strong mill demand but ginners appear to be reluctant sellers entertaining higher price ideas....
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Karachi Port operations
KARACHI, June 6: Berthing activity at the Karachi port was maintained on the higher side on Thursday as the agencies tried to clear the inward rush of foreign flag vessels well...
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CA firm to file appeal against SECP order
KARACHI, June 6: Ford, Rhodes, Robson, Morrow (FRRM)—chartered accountants—said in a statement on Thursday that the firm disagreed with the order passed by the Executive Director, Securities & Exchange Commission of...
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Exports to Kabul rise
PESHAWAR, June 6: Exports to Afghanistan have registered growth during the current financial year in the wake of recently undertaken rehabilitation and reconstruction activities in the war-torn country....
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Efforts on to attract investment in SEPZ
SIALKOT, June 6: President Sialkot Chamber of Commerce and Industry (SCCI) has said that efforts are being made to attract foreign investment in Sialkot Export Processing Zone (EPZ)....
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China tightens dumping measures
BEIJING, June 6: China is beefing up anti-dumping trade measures after already increasing import taxes on 5.2 billion dollars of goods allegedly dumped on its markets in the past five years,...
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BD budget presented
DHAKA, June 6: Bangladesh Finance Minister M. Saifur Rahman announced Tk448.54 billion for FY2002-03 (July-June) this evening at the Parliament aimed at higher economic growth and faster poverty reduction....
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PLGMEA wants SRO revalidated
KARACHI, June 6: Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) chairman Fawad Ijaz Khan has criticised the decision of CBR to withdraw the validity of SRO 410(I)01, effective from May...
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