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| July 17, 2002 | Wednesday | Jamadi-ul-Awwal 6, 1423 |
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Euro beats dollar in inter-bank, kerb market
KARACHI, July 16: The euro — the single currency of 12 European nations — flew past Rs60 on Tuesday after attaining parity with the US dollar in the international currency markets... 
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MCB agrees to raise bid price for UBL
ISLAMABAD, July 16: The Muslim Commercial Bank (MCB) Group has decided to raise its bid price for acquiring 51 per cent government shareholding in the United Bank Limited (UBL)....
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Cotton demand put at 12m bales for next year
 ISLAMABAD, July 16: The domestic cotton demand would be around 12 million bales for next year....
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Industrial POL offtake drops by 4pc in 01-02
KARACHI, July 16: Industrial consumption of petroleum, oil and lubricants (POL) has declined by 4 per cent in 2001-02 to 16.844 million tons as compared to 17.564 million tons in 2000-01....
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Stocks back on the track as index gains 27 points
KARACHI, July 16: A strong burst of institutional buying put the market back on the rails on Tuesday but analysts are uncertain whether or not the snap rally could be sustained....
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Lint cotton exports drop
KARACHI, July 16: Private sector has registered a significant drop in export of lint cotton during the last fiscal to $2.458 million (0.206 million bales) against $139.118 million (0.794 million bales)...
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Various anomalies to be removed
ISLAMABAD, July 16: The government has decided to remove various anomalies specially relating to import of capital equipment and some other raw materials....
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Govt invites PVMA for talks
ISLAMABAD, July 16: In a bid to sort out the irritants, the federal government on Wednesday invited Pakistan Vanaspati Manufacturer’s Association (PVMA) for a meeting....
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Free export of animals sought
ISLAMABAD, July 16: The exporters of livestock have demanded of the government to allow free export of animals to Iran and Afghanistan....
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2nd issue of Dawood Leasing TFCs
KARACHI, July 16: The Financial Institutions Division of Muslim Commercial Bank Limited (MCB) in conjunction with Aqeel Karim Dhedhi (AKD) Securities (Pvt) Ltd arranged the second tranche of Dawood Leasing Term...
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Shaukat for exploiting Saarc trade potential
ISLAMABAD, July 16: Finance Minister Shaukat Aziz on Tuesday called for exploiting Saarc trade potential to reduce poverty, increase economic growth and employment....
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Prices of new cotton crop fall sharply
KARACHI, July 16: New crop cotton prices on Tuesday declined sharply as some of the leading ginners from the lower Sindh indulged in near-panic selling followed by reports of steady arrivals...
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12 insurance cos issued notices
ISLAMABAD, July 16: The Securities and Exchange Commission of Pakistan (SECP) has issued show cause notices to 12 insurance companies over their failure to get their Claims Paying Ability/Financial Strength rated...
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‘Economy to emerge from scandals’
WASHINGTON, July 16: Federal Reserve Chairman Alan Greenspan said on Tuesday the US economy was set to emerge from a welter of corporate crimes with better-than-anticipated growth....
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Karachi Port operations
KARACHI, July 16: Four ships carrying containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Pakistan Steel
KARACHI, July 16: Secretary production Dr. Akram Shaikh has asked the management of Pakistan Steel to take measures to enhance its production up to 1.1 million tons during 2002-03 and assured...
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Palm oil prices higher
KUALA LUMPUR, July 16: Malaysia’s palm oil futures fell across the board on a technical correction, unable to sustain weather-spurred gains which had pushed up prices to their highest levels in...
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UK inflation slows to record 1.5pc
LONDON, July 16: Underlying British inflation fell to a record low point of just 1.5 per cent over the year to June, against 1.8 per cent May, official figures showed on...
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HBL profit rates
KARACHI, July 16: State-run Habib Bank Limited has announced 3.25 per cent profit on saving accounts for the half year ended on June 30, 2002....
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Textile board panel meets today
LAHORE, July 16: The Federal Textile Board’s sectoral committee on raw cotton will meet here on Wednesday to discuss and formulate its recommendations for preparing Cotton Vision 2005....
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