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August 10, 2002 Saturday Jamadi-ul-Awwal 30,1423 Pakistan to approach Canada: Duty, quota free access KARACHI, Aug 9: Minister for Commerce Abdul Razak Dawood on Friday said Canadian government would be approached to allow duty and quota free access to textiles as similar concessions had been... Industry seeks withdrawal of 3pc additional ST : Rs8bn surplus sugar ISLAMABAD, Aug 9: Facing a Rs8 billion worth of surplus by end of the season, the sugar industry has asked the government to immediately withdraw three per cent additional sales tax... Industrial ouput up by 20pc in July, says Razak KARACHI, Aug 9: Commerce Minister Abdul Razak Dawood on Friday said the industrial production had started showing signs of improvement, rising by 20 per cent during the first month of the... Machinery imports soar 50pc in July ISLAMABAD, Aug 9: Imports of machinery group soared by over 50 per cent in July 2002 as compared to corresponding period of previous year mainly because of substantial rise in imports... DTRE rules yet to be finalized ISLAMABAD, Aug 9: The government has delayed the implementation of revised Duty and Taxes Remission for Export (DTRE) rules 2001 despite the repeated demand of exporters aimed at facilitating the trade.... CED on 15 items revised ISLAMABAD, Aug 9: The government has revised the duty structure of Central Excise Duty (CED) on around 15 kinds of goods to do away with budgetary anomalies.... Junejo for balanced use of fertilizer KARACHI, Aug 9: The Federal Minister for Food and Agriculture, Khair Mohammad Junejo, has called for growth in farm production to improve socio-economic condition of the large segment of the population... CED exemption ISLAMABAD, Aug 9: The government has notified conditions for availing exemption from additional levy of Rs5 per kg as Central Excise Duty (CED) on raw sugar at import stage.... SBP quashes rumours of Saturday holiday KARACHI, Aug 9: The State Bank has denied rumours/ reports that it has announced Saturday as a gazetted holiday with effect from August 10, 2002.... MCB profit rises KARACHI, Aug 9: Muslim Commercial Bank earned a pre-tax profit of Rs1.510 billion in six months ending on June 30, 2002, up from Rs938 million a year ago.... PICIC scheme KARACHI, Aug 9: The Pakistan Industrial Credit and Investment Corporation (PICIC) will soon launch new scheme and products for its depositors.... Bullish activity pushes index higher by 14 points KARACHI, Aug 9: Stocks on Friday remained in a bullish frame of mind as despite a brief interruption caused by reports of terrorist attack on a Christian hospital in Taxila, the... NWFP to raise receipts through user charges PESHAWAR, Aug 9: NWFP has envisaged a plan to raise its receipts through user charges by over 70 per cent during the next four financial years, according to official sources.... Cotton prices hit new peak KARACHI, Aug 9: Cotton prices on Friday soared to new peak levels as spinners made frantic efforts to grab the floating stock but ginners appears to be reluctant sellers even at... Non-profit sector can reduce poverty QUETTA, Aug 9: Non-profit organizations have strong roots in the society and they can play an important role in reducing poverty and inequality in the country.... AJK, Wapda tariff row persists MUZAFFARABAD, Aug 9: Azad Kashmir has rejected the recommendations of a federal government’s committee constituted by President Gen Pervez Musharraf to settle the tariff conflict between AJK and the Water and... Karachi Port operations KARACHI, Aug 9: Nine ships carrying DAP fertilizer, containers and to load wheat and molasses are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... FTSE up 6pc on week after bank surge LONDON, Aug 9: Britain’s leading shares surged late on Friday to seal their best weekly performance since September, buoyed by hopes for a cut in US interest rates and growing confidence... Dollar gives back gains LONDON, Aug 9: The dollar gave back some of its recent gains on Friday amid nervousness ahead of a US interest rate decision next week and a deadline for US chief... Malaysian palm oil little changed KUALA LUMPUR, Aug 9: Malaysian palm oil futures barely moved on Friday despite private forecaster Ivan Wong revising upward his estimates of July output and stocks....

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