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| August 21, 2002 | Wednesday | Jamadi-us-Saani 11,1423 |
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Many big brokers back restructuring: Mirza
KARACHI, Aug 20: Securities and Exchange Commission of Pakistan chairman Khalid Mirza reiterated that as a regulatory body chief it was his responsibility to take good care of the interests of... 
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Govt, Aptma in row over cotton offtake
KARACHI, Aug 20: An unending and perpetual mistrust, that almost borders on adversarial relationship, inhibits 174 textile mills from providing elementary information of their monthly cotton consumption and yarn production. It...
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Petroleum exploration licence granted
ISLAMABAD, Aug 20: The government on Tuesday granted licence to a joint venture for exploration of petroleum in Manchar block of Dadu district....
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Effective yield on PIBs falls sharply
KARACHI, Aug 20: The banks paid a very high premium on 10-year Pakistan Investment Bonds on Tuesday, thus accepting a lower than fixed yield: This indicates that their hopes of interest...
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Political dominance of big land owners
KARACHI, Aug 20: “The continued political dominance of large land owners combined with social fragmentation have kept much of Pakistan relatively backward both socially and economically,” says a World Bank report....
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Saarc moot on Sapta from Sept 2
ISLAMABAD, Aug 20: The Saarc-member countries are holding fourth round of meeting on South Asia Preferential Trade Arrangement (Sapta) on September 2 in Kathmandu....
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Car delivery
KARACHI, Aug 20: The chairman, All Pakistan Motor Dealers Association (APMDA), H. M Shazad has said that when local assemblers failed to deliver cars in three months how could they roll...
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Oil fields
MOSCOW, Aug 20: Russia and Kuwait decided to join forces to develop oil fields on their respective territories, Kuwait’s acting oil minister said late on Monday....
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EC may reimpose dumping duty on Indian bedlinen
KARACHI, Aug 20: The European Commission (EC) is planning to reimpose anti-dumping duties ranging from 2.7 per cent to 27.7 per cent on bedlinen imports from India....
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Energy shares lead gains on stock market
KARACHI, Aug 20: Stocks on Tuesday maintained upward drive under the lead of energy shares followed by active short-covering aided by reports of higher earnings and enhanced dividend. The KSE 100-share...
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Record trade
TOKYO, Aug 20: Trade between Japan and China rose 3.4 per cent in the six months to June to a record $45.1 billion from a year earlier as a surge in...
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Steady trend on cotton market
KARACHI, Aug 20: Cotton market on Tuesday showed steady trend as arrivals of phutti into the ginneries showed a considerable fall after the resumption of processing operations by a couple of...
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Karachi Port operations
KARACHI, Aug 20: Six ships carrying containers, crude oil and chemicals are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Dadabhoy Cement chief executive fined
ISLAMABAD, Aug 20: Securities and Exchange Commission of Pakistan has imposed a fine of Rs0.3m on the Chief Executive of Dadabhoy Cement Industries for making interest- free loans and advances to...
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Shell announces Rs14 per share dividend
KARACHI, Aug 20: The Board of Directors of Shell Pakistan Limited (SPL) has recommended a final dividend of Rs14 per share, which together with the interim dividend of Rs4 per share...
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‘Opec can boost output
MOSCOW, Aug 20: Opec member Kuwait’s oil minister said in an interview published on Tuesday that the cartel was ready to increase crude supplies to world markets if the United States...
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Port Qasim
KARACHI, Aug 20: Nedlloyd Dameitta scheduled to load/ offload constrainers was allotted berth at Qasim International Containers Terminal (QICT) during the last 24 hours, says a PQA press release on Tuesday....
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NWFP budget deficit seen persisting: Medium term plan
PESHAWAR, Aug 20: NWFP government apprehends that the budget deficit persisting for the last several years may continue without any let-up during the next four financial years, according to official sources....
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Faysal Bank profit down
KARACHI, Aug 20: The pre-tax profit of Faysal Bank Ltd. fell to Rs664 million in six months to June 2002 against Rs925 million for the whole year of 2001....
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NTC hearing on Sept 5
ISLAMABAD, Aug 20: A public hearing will be held at the National Tariff Commission (NTC) here on September 5 to consider the local crockery industry’s request for tax concessions on the...
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