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| August 4, 2002 | Sunday | Jamadi-ul-Awwal 24,1423 |
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Trade volume to increase by $100m: FTA with Sri Lanka
ISLAMABAD, Aug 3: Minister for Commerce Abdul Razak Dawood has said the Free Trade Agreement (FTA) signed between Pakistan and Sri Lanka will increase their annual volume of trade from existing... 
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$156m inflow thru overdue export bills
KARACHI, Aug 3: The exporters sold $156 million outstanding export bills in July/May 2001/02 as the rupee kept on marching upward....
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Govt to change mode of payment: Duty drawback
ISLAMABAD, Aug 3: The government is set to change the existing procedure of the payment of duty drawback to exporters as a part of the customs administration reform plan....
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Pakistani cars expensive than Indian
KARACHI, Aug 3: “Locally assembled cars are expensive by three to 50 per cent as compared to Indian cars,” reveals a comparative chart, prepared by the Engineering Development Board (EDB) on...
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46 export fairs held in 2001-02
KARACHI, Aug 3: The Export Promotion Bureau (EPB) in 2001-2002 organized and participated in 46 foreign exhibitions for exports promotion of various products to traditional and non-traditional markets, official figures said....
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Japan to cut taxes by $8.4bn to stimulate economy
OSAKA, Aug 3: Finance Minister Masajuro Shiokawa said on Saturday Japan would cut taxes by more than one trillion yen ($8.4 billion) next year to stimulate the economy, reviving an ambitious...
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German jobs commission mulls 150bn euro plan
BERLIN, Aug 3: The head of a commission to reform Germany’s labour market is proposing a 150 billion euro plan financed from the capital markets to create about a million jobs,...
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Dollar slips as US outlook turns shakier
NEW YORK, Aug 3: The dollar slipped on Friday after weak US jobs data gave a further sign that the economic recovery is in peril and raised speculation the Federal Reserve’s...
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US stocks lower for second day on economy worries
NEW YORK, Aug 3: Stocks sank on Friday, tossing major gauges down more than 2 per cent, as Wall Street’s fears of a faltering economy mounted after the nation generated a...
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COMEX gold prices higher
NEW YORK, Aug 3: COMEX gold futures rose on Friday as the US dollar and stock market weakened on disappointing economic data, with traders buying more gold after Thursday’s bounce from...
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New York cotton futures lower
NEW YORK, Aug 3: NY cotton futures finished down and near session lows Friday on disappointed late long liquidation as players ran out the door when the market failed to generate...
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Fed’s Parry sees modest US expansion continuing despite weak data
WASHINGTON, Aug 3: The US economy remains in the midst of a “modest expansion” despite downward revisions to data over the past three years and weak second-quarter growth, San Francisco Federal...
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‘China cotton yields hurt by heavy rainfall’
WASHINGTON, Aug 3: The US Agriculture Department’s Foreign Agricultural Service released the following report on China floods....
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Incoming Colombia govt says budget misses IMF mark
BOGOTA, Aug 3: Colombia’s incoming government expects the war-torn country to breach a key IMF budget deficit limit in 2002 and will negotiate a new accord with “realistic targets” as it...
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Seoul to scrap tax breaks on auto purchase in Sept
SEOUL, Aug 3: South Korea said on Saturday it would scrap tax breaks on automobile purchases in September as scheduled, with car sales showing a strong recovery on the back of...
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Osaka to host Opec general meeting
TOKYO, Aug 3: Japan plans to host an annual general meeting of the Organization of Petroleum Exporting Countries (Opec) in its second main city of Osaka on September 19, a press...
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Over 55pc cos registered with SECP untraceable
ISLAMABAD, Aug 3: More than 55 per cent of the 43,271 unlisted companies registered with the Registrars of Companies are untraceable, according to the latest statistics available from the Securities and...
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New crop prices move up on cotton market
KARACHI, Aug 3: New crop prices on Saturday maintained their upward drive as haunted by reports of pressure on the ready supplies some of the spinners were out to grab the...
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SPI slightly down
ISLAMABAD, Aug 3: The Sensitive Price Indicator (SPI) during the week ending August 1 declined by 0.7 per cent from the peak of 107.05 in the preceding week....
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Badla rates drop to historic low
KARACHI, Aug 3: Average ‘badla’ (Carryover trade — COT) rates plunged to 7.3 per cent on Friday, which analysts said was the historic low return recorded by the equities market, in...
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