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| August 27, 2002 | Tuesday | Jamadi-us-Saani 17,1423 |
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Rupee shines in inter-bank, kerb: Dollar down 1.2 per cent since July
KARACHI, Aug 26: The US dollar shed 22 paisa against the rupee in the inter-bank market as exporters went for heavy discounting of export bills: They did this on the advice... 
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Dubai emerges as second largest export market
KARACHI, Aug 26: Dubai has emerged as the fastest growing and the second largest export market for Pakistan....
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Oman to invest more in Pakistan
ISLAMABAD, Aug 26: Oman would explore more investment opportunities in various fields, particularly in petroleum, financial and industrial sectors of Pakistan, to take benefit of the climate of restored investors’ confidence....
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Positive change in import structure
KARACHI, Aug 26: Emergence of Pakistan on the world wheat export map, a slight fall in international oil prices and stabilization of dollar-rupee parity in post-September 11, 01 is bringing a...
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Textile sector set productivity targets
ISLAMABAD, Aug 26: The government has launched benchmarking campaign for the textile sector to maximize its productivity and has selected 11 spinning mills mostly located in Punjab to go through this...
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Withdrawals
NEW YORK, Aug 26: Investors pulled a record $49 billion from US stock mutual funds in July as all major stock indicators fell sharply, fund data and research firm Lipper Inc....
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Pharma cos may replace GST-paid stock
KARACHI, Aug 26: Drug manufacturers are considering a proposal to lift general sales tax (GST)-paid stocks from the distributors and the markets, and replace them with fresh non-GST stocks....
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White sugar lying in abundance with mills
KARACHI, Aug 26: Higher production of refined white sugar this season (2001-2002) has resulted in huge unsold stocks with the millers resulting in liquidity crunch for the millers....
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Meezan Bank profit
KARACHI, Aug 26: Meezan Bank—the first Islamic commercial bank in Pakistan—earned a pre-tax profit of Rs 135 million during the half year ended on June 30, 2001: after-tax profit stood at...
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Stocks shed 16 points on profit-selling
KARACHI, Aug 26: Stocks on Monday fell across the board on active profit-selling by all and sundry at the inflated levels but there were buyers at the dips followed by predictions...
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Canadian rules to benefit Pakistan: Textiles, apparels
ISLAMABAD, Aug 26: Pakistan will be among the major beneficiaries of the general rules of origin being established by Canada for textiles and apparel products for developing countries, Canadian High Commission...
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Karachi Port operations
KARACHI, Aug 26: Three ships carrying containers and crude oil are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Alliance
KARACHI, Aug 26: Comtrust, the e-solution business unit of Etisalat, has signed a new strategic alliance with Paknet in order to further expand its sales and marketing reach....
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Thin trading on cotton market
KARACHI, Aug 26: Trading activity on the cotton market on Monday remained modest as both sellers and buyers awaited reports about the rain in the cotton belt before making fresh commitments....
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Palm oil up
KUALA LUMPUR, Aug 26: Malaysian palm oil was up on Monday on strong export estimates for the first 25 days of August but the market closed off its highs following some...
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Dollar stable against yen and euro
LONDON, Aug 26: The dollar kept close to the previous week’s two-week highs against the euro and the yen in holiday-thinned trading on Monday, stabilising ahead of key data this week...
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