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June 20, 2002 Thursday Rabi-us-Sani 8, 1423 Dists share in resources to remain doubtful: Sindh budget today KARACHI, June 19: Sindh Finance Minister Abdul Hafeez Sheikh is presenting on Thursday afternoon the provincial budget with an expected outlay of Rs85 billion plus in which the availability of resources... Ghee makers raising prices by Rs10 per kg KARACHI, June 19: One of the leading ghee and cooking oil makers has decided to increase the price of ghee and cooking oil by Rs9-10 per kg in a couple of... Pakistan, Turkey may sign several agreements: Joint ministerial commission ISLAMABAD, June 19: Commerce Minister Abdul Razak Dawood said on Wednesday that Pakistan was likely to sign a string of trade agreements with Turkey for promoting bilateral trade between the two... Singer to replace auditors: Fallout of Arthur Andersen case KARACHI, June 19: A Pakistani auditing firm loses its first major client as Singer proposes to replace auditors, following the fall of Arthur Andersen — one of the world’s big five... Oil prices up LONDON, June 19: The price of oil edged higher in late trade on Wednesday as the release of supportive data on US inventories helped the markets claw back earlier losses.... Stocks decline as leading investors stay on sidelines KARACHI, June 19: Stocks on Wednesday lacked normal trading interest as leading investors and bargain-hunters stayed on the sidelines apparently awaiting some instant stimulants to break the post-budget unfathomable lull.... Export target period extended: Industrial units ISLAMABAD, June 19: The government has extended the export target period for the industrial units for availing exemption from whole of customs duty and sales tax leviable at the time of... Ordinance to protect local industries ISLAMABAD, June 19: The government on Wednesday promulgated a safeguard measures ordinance that would protect indirectly the local industries.... Engg goods: duty on raw materials exempted ISLAMABAD, June 19: The government has exempted the customs duty on raw materials and components imported for the manufacturing of capital goods or engineering goods in the budget 2002-03.... Aptma for modification in DTRE rules KARACHI, June 19: All Pakistan Textile Mills Association (Aptma) has called for suitable modification in duty and tax remission export (DTRE) rules so that the exporters could avail the scheme without... Good prospects for Pakistani cos in China: Insurance business BEIJING, June 19: Pakistani insurance companies have been asked to contact China Insurance Regulatory Commission (CIRC) if they intend to set up their business in the Chinese market.... Mill buying of cotton below average turnover KARACHI, June 19: Cotton market on Wednesday showed firm trend but mill buying remained well below the daily average turnover amid hopes of reversal in prices in sympathy with New York... PTA not satisfied with 5 per cent cut in duty KARACHI, June 19: Pakistan Tea Association (PTA) has shown its dissatisfaction over budgetary measure of slashing import duty by five per cent as it feels that smugglers still have ample chance... Japan steelmakers see fresh demand TOKYO, June 19: Japan’s major steelmakers said on Wednesday exports to Southeast Asia are rising on the back of fresh demand as economies in the region begin to stir.... Kuwait to invite foreign investment KUWAIT CITY, June 19: Kuwait in a bid to boost investment would soon invite foreign investors for development of its islands.... BD buys sugar MUMBAI, June 19: An Indian trading firm has sold 45,000 tons of sugar to private companies in Bangladesh at about $230 a ton c&f (cost & freight), a senior industry official... European stocks stung by technology losses LONDON, June 19: European stocks lurched back into loss on Wednesday, with technology stocks leading markets lower on disappointing news from their US counterparts which added to concerns about the quality... Palm oil lower KUALA LUMPUR, June 19: Malaysian crude palm oil futures closed lower on Wednesday after a volatile session that saw gains wiped out by a late bout of profit-taking.... Mini budgets, SRO culture need to be removed FAISALABAD, June 19: The All Pakistan Textile Processing Mills Association (APTPMA) has said that quite a few basic necessities have been ignored in the budget for 2002-03, upon which rests the... Karachi Port operations KARACHI, June 19: Four ships including two tankers carrying crude oil and high speed diesel are expected to arrive at the outer anchorage on Thursday....

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