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| August 9, 2002 | Friday | Jamadi-ul-Awwal 29,1423 |
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Centre refuses to accept NWFP plea: GST distribution
PESHAWAR, Aug 8: Federal government has refused to accept NWFP’s plea to distribute 2.5 per cent General Sales Tax (GST) among provinces on population basis, according to official sources.... 
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Manufactured goods exports jump 21.26pc
ISLAMABAD, Aug 8: Exports of manufactured items jumped 21.26 per cent to $758.22 million during July 2002 as compared to corresponding period of previous year....
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7 new Chinese bikes set to enter market
KARACHI, Aug 8: Motorcycle market is now set to witness a phenomenal change after entry of seven new Chinese bikes, giving consumers a wider choice to own two wheelers at prices...
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US-Pakistan council to promote investment
ISLAMABAD, Aug 8: To promote US direct investment in Pakistan, US-Pakistan Business Council has been established, which would become an affiliate organization of the US Chamber of Commerce....
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SBP to place $750m in world bonds market
KARACHI, Aug 8: The State Bank will place $750 million or 10 per cent of its $7 billion plus foreign exchange reserves initially only in US dollar-denominated fixed income government bonds...
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Forex manual being amended
ISLAMABAD, Aug 8: The commerce ministry has asked the State Bank of Pakistan to make necessary amendments in the imports and exports chapter of Foreign Exchange Manual aiming to facilitate the...
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ICI posts Rs227m profit
KARACHI, Aug 8: ICI Pakistan posted after tax profit at Rs227 million for the six months ended June 30, 2002....
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Orix Leasing TFCs
KARACHI, Aug 8: The second tranche of Orix Leasing Pakistan Limited’s Term Finance Certificates (TFC) issue has been oversubscribed, the registrars to the issue informed the stock exchange on Thursday....
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Afghan gas industry
MOSCOW, Aug 8: Russia’s state-owned oil company Rosneft and its second-largest natural gas producer, Itera Holding, will do a feasibility study on the prospects of rebuilding Afghanistan’s gas industry, Rosneft said...
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KSE 100-share index breaks 1,800-point barrier
KARACHI, Aug 8: Stocks on Thursday finished with an extended gain as follow-up support figured prominently on all the counters at the current lower levels, sending signals that bulls are now...
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IMF announces $30bn loan for Brazil
WASHINGTON, Aug 8: The International Monetary Fund announced a deal on Wednesday to extend 30 billion dollars — its biggest loan ever — to support Brazil’s battered economy....
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New crop prices stable despite fall in offtake
KARACHI, Aug 8: New crop cotton prices on Thursday remained stable despite the fact that spinners have curtailed their daily offtake in a bid to outwit ginners and ease the pressure...
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PTCL earns Rs19bn profits
ISLAMABAD, Aug 8: Pakistan Telecommunication Company Limited (PTCL) has successfully earned a net profit of over Rs19 billion in 2001-02 as against Rs18 billion of 2000-2001....
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Karachi Port operations
KARACHI, Aug 8: Two ships carrying high speed diesel and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Faysal Bank rating upgraded
KARACHI, Aug 8: JCR-VIS Credit Rating Company has upgraded medium to long-term rating of Faysal Bank Ltd. to double A minus from A plus, says a press release....
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Dollar rises against euro and yen
LONDON, Aug 8: The dollar rose against the euro, yen and Swiss franc on Thursday, stopping short of recent one-month highs as the market took stock of the greenback’s latest rally...
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Malaysian palm oil drifts
KUALA LUMPUR, Aug 8: Malaysia’s palmoil futures were flat in directionless trade as players waited for new leads to guide the market, traders said on Thursday....
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ABN Amro fed up over business fraud
AMSTERDAM, Aug 8: The head of Dutch banking group ABN Amro, Rijkman Groenink, lashed out on Thursday at fraudulent business practices which have led to several bankruptcies, saying his company was...
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