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June 27, 2002 Thursday Rabi-us-Sani 15, 1423 LPG shoots up to Rs50 per kg: Shortage persists KARACHI, June 26: The price of liquefied petroleum gas (LPG) has shot up to Rs50 per kg from Rs25 per kg a few days back due to its persistent shortage in... Transfers to provinces exceed by Rs804m: GST on services PESHAWAR, June 26: General sales tax on services, levied on July 1, 2000 in place of certain provincial levies, started showing good results in its second year of introduction in view... SBP may extend stock brokers term on boards: Banks, DFIs KARACHI, June 26: The State Bank of Pakistan is apparently all set to give another lease of life, beyond June 30, to the stock brokers, either nominated or elected, on the... $200m pledged for Karachi projects RIYADH, June 26: A group of overseas Pakistanis — Overseas Investors Group (OIG) — have pledged an investment of SR750 million ($200 million) in various projects in Karachi. The OIG, a... State Bank leaves TBs rate unchanged KARACHI, June 26: The State Bank on Wednesday left the cut-off yield on six-month treasury bills unchanged at 6.43 per cent while conducting the last auction of the bills in the... Euro, sterling make smart gains KARACHI, June 26: The euro shot up to Rs59.30/Rs59.50 in the kerb market on Wednesday up 100 paisa or more than 1.5 per cent from the previous close of Rs58.30/Rs58.50 for... Fazal Mills to raise Rs33m from right shares KARACHI, June 26: Fazal Cloth Mills Limited proposes to raise Rs33 million from the issue of right shares at 30 per cent (three-for-10) at a premium of Rs5 per share.... Markets fall on $3.8bn WorldCom scandal LONDON, June 26: Shares in the London stock market took a deep plunge on Wednesday in reaction to a massive accounting scandal from US giant WolrdCom.... SLCL, Lease Pak merger approved KARACHI, June 26: Security Leasing Corporation Limited announced on Wednesday that the Securities and Exchange Commission of Pakistan (SECP) had accorded its approval to the proposed merger of the company with... Late profit-selling pushes 100-share index down KARACHI, June 26: Stocks on Wednesday failed to hold on to early gains on Wednesday as late profit-selling in most of the pivotals did not allow them to follow a set... Opec leaves output quotas unchanged: Oil prices fall VIENNA, June 26: The Opec oil cartel is to maintain its current oil production quotas until the end of September, but will continue to monitor market conditions, it said in a... Physical business shrinks on cotton market KARACHI, June 26: Physical business on the cotton market on Wednesday shrank to modest proportions as ginners and spinners were locked in a price war but appears to be a no-win... Afghan currency nosedives on new note plans KABUL, June 26: In Kabul’s bustling open air currency market, men pull crude wooden carts piled high with sacks of local banknotes and exchange them at a nearby bank for just... Pakistanis in foreign embassies to be taxed ISLAMABAD, June 26: The government is likely to bring all Pakistani nationals working in the foreign embassies, consulates under tax net.... Karachi Port operations KARACHI, June 26: Four ships including a rice loader to load 10,500 tons of the commodity are due to arrive at the outer anchorage on Thursday, according to KPT sources.... KHB extends services in Balochistan QUETTA, June 26: Khushhali Bank has signed an agreement with Taraqee Trust for social intermediation as a part its move to outsource social services to qualifying NGOs.... Palm oil prices lower KUALA LUMPUR, June 26: Persistent talk that main buyers such as India, China and Pakistan are slowing down their edible oil intake sparked technical correction in Malaysia’s crude palm oil futures... Sri Lanka tea down COLOMBO, June 26: Sri Lankan tea prices edged down slightly at the latest auction on low buying interest in poor quality teas, brokers said on Wednesday.... Elected KARACHI, June 26: Saquib H. Shirazi, member, group executive committee of the Atlas Group of Companies and chief executive officer of Atlas Honda Limited has been elected on the Board of... Car sales MADRAS, June 26: A Hyundai Motor Co subsidiary said on Wednesday it aims to keep posting double-digit sales growth in India, where the South Korean automaker is already the No. 2...

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