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August 1, 2002 Thursday Jamadi-ul-Awwal 21,1423 Rs121m sale agreements signed for 2 oil mills ISLAMABAD, July 31: The Privatization Commission here on Wednesday entered into sale agreements with two successful bidders for the sale of 100 per cent shares of E.M. Oil Mills and Industries... Petrol prices raised by 25 paisa KARACHI, July 31: Except for cut in high speed diesel (HSD) and light diesel oil (LDO) prices by 27 paisa and nine paisa per litre respectively, the Oil Companies Advisory Committee... Money changers divided over paid-up capital: Exchange companies KARACHI, July 31: Money changers are divided over the minimum paid-up capital requirement set for the proposed foreign exchange companies: Big money changers say Rs100 million paid-up capital is affordable but... 56 sick units sell-off fetches Rs900m LONDON, July 31: Punjab Finance Minister Tariq Hameed said 56 sick industrial units were sold at Rs900 million to utilize dormant assets for country’s industrial development and provide jobs to the... Comments sought on corporate draft law KARACHI, July 31: The Banking Laws Review Commission has asked people to send their views/comments/suggestions on draft law for corporate rehabilitation by August 15 to Commission’s Secretary R. A. Chughtai.... Aptma opposed to import duty on cotton KARACHI, July 31: All Pakistan Textile Mills Association (Aptma) has taken strong exception to a demand of imposing import duty on raw cotton and also bringing free trade policy for cotton... Revenue receipts up by 11.6pc in July ISLAMABAD, July 31: The revenue receipts increased by 11.67 per cent to Rs22 billion during the first month of the financial year 2002-03 against Rs19.7 billion the same month last year.... Index recovers 8.49 points as bearish spell breaks KARACHI, July 31: Stocks on Wednesday showed signs of recovery as short-term dealers and sundry speculators covered positions at the lower levels but the market leaders were again conspicuous by their... S. Arabia vows to maintain stability in global oil markets RIYADH, July 31: Saudi Arabia, the leading force in the Organization of Petroleum Exporting Countries (Opec), has vowed once again to continue striving to maintain stability in the international oil markets,... New crop prices ease on cotton market KARACHI, July 31: New crop cotton prices on Wednesday eased modestly as some of the ginners indulged in hasty selling followed by reports of steady arrivals of phutti into the lower... Bush optimistic about economy WASHINGTON, July 31: In the face of a report that the US economy has been growing at a slower pace than previously thought, the White House said on Wednesday President George... Japan may revise bank deposit scheme TOKYO, July 31: The Japanese government will likely revise controversial plans to cut its guarantees on bank deposits, the top government spokesman said on Wednesday.... Over 21,000 fake euro bills THE HAGUE, July 31: More than 21,000 fake euro bills have turned up in European Union member states in the first six months since the cash launch on January 1, 2002,... Karachi Port operations KARACHI, July 31: Three ships including Ibn Bassam carrying pulses are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Slump in World stocks hit exports KARACHI, July 31: The on-going slump at stock markets in Europe and the US has affected Pakistani exports, particularly exports of bedwear. This was stated by the chairman, Pakistan Bedwear Exporters... Dollar lower against yen in London LONDON, July 31: The dollar fell half a per cent to below 120 yen on Wednesday on sales by Japanese exporters protecting themselves from future volatility after the greenback hit its... European stock markets mixed LONDON, July 31: European shares turned mixed on Wednesday afternoon after data showed the US economy slowed sharply, knocking Wall Street in early trade and countering positive earnings news from Unilever.... NY cotton settles firmer NEW YORK, July 31: NY cotton futures reversed course to close higher Tuesday on light local and speculative buying, with operators uncertain about the market’s next move going into the last... Dubai gold sales higher DUBAI, July 31: Lower bullion prices boosted Dubai gold sales in July, usually a slow month, but demand is expected to be lacklustre in August because of the traditional summer lull,... Palm oil firm KUALA LUMPUR, July 31: Malaysia’s crude palm oil futures stayed firm on Wednesday, mainly due to heavy short covering on the physical side where dealers talked about steady demand from India,...

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