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August 30, 2002 Friday Jamadi-us-Saani 20, 1423 NWFP debts to grow at 8pc annually PESHAWAR, Aug 29: NWFP’s total internal and external loan liabilities will grow at a annual rate of 8 per cent during the four years recording a substantial increase in comparison with the existing level... Entitlement of EFS for exporters relaxed: Leather garments KARACHI, Aug 29: The State Bank of Pakistan (SBP) has relaxed the entitlement of Export Finance Scheme (EFS) for exporters of leather garments and leather products.... 25 TFCs floated in two fiscal years KARACHI, Aug 29: Around 25 issues of Term Finance Certificates (TFCs) worth Rs15.74 billion were floated in the capital market during last two fiscal years and more are expected in the... Oil prices up despite Opec output hike talk LONDON, Aug 29: Oil prices edged higher on Thursday, reversing earlier falls, as traders looked to flatten off their positions ahead of a long weekend in the United States.... Insurers count cost, profits after 9/11 NEW YORK, Aug 29: September 11, 2001, was a bad day for insurers; but every day since has been cause for celebration.... ECC allows traders to import fuel oil ISLAMABAD, Aug 29: The Economic Coordination Committee of the Cabinet (ECC) here on Thursday allowed the import of fuel oil by the traders.... US GDP growth slows WASHINGTON, Aug 29: The pace of US economic growth slowed sharply in the second quarter, the government confirmed on Thursday, but businesses showed signs of a renewed willingness to invest and... Car production, sales increase KARACHI, Aug 29: The production and sales of locally assembled cars soared by 42 per cent and 21 per cent, respectively, during the first month of the current financial year over... US banks earn record $23.4bn WASHINGTON, Aug 29: US commercial banks earned a record $23.4 billion in the second quarter of 2002 as profits from interest rates outweighed losses from bad debt, the Federal Deposit Insurance... Pakistan, Japan business events KARACHI, Aug 29: The Export Promotion Bureau (EPB) will organize a general trade delegation to Japan in the third week of September 2002, to create a greater understanding among Pakistani exporters... PSMA flays minister’s statement on subsidy LAHORE, Aug 29: Pakistan Sugar Mills Association (PSMA) on Thursday took on Privatization Minister Saleem M. Altaf, who recently accused the body of mismanagement and trying to pass it on to... Cotton prices ease on active selling KARACHI, Aug 29: Cotton prices on Thursday eased from the recent higher levels on active selling by ginners followed by reports of pick up in arrivals of phutti into the lower... Iran jobless rate TEHRAN, Aug 29: Iran’s already high level of unemployment rose even further in the official year ending March 2002, while inflation fell in the same period, according to government figures published... Shares maintain upward drive on stock market KARACHI, Aug 29: Leading shares on Thursday remained under speculative squeeze for the third session in a row under the lead of PSO as big players were not inclined to lower... Thai economy WASHINGTON, Aug 29: The International Monetary Fund on Thursday said Thailand’s economy was poised to grow this year, but reforms were still needed in the financial sector to make the expansion... Razak to open carpet fair LAHORE, Aug 29: Commerce Minister Abdul Razak Dawood will open a four-day international carpet exhibition here on Monday.... Ratings TOKYO, Aug 29: Moody’s Investors Service on Thursday sliced ratings on four top Japanese heavy machinery firms, warning the weak economy and severe competition might further crush earnings.... Karachi Port operations KARACHI, Aug 29: Seven ships carrying containers, general cargo, steel pipes and high speed diesel are due to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Aug 29: Three vessels Msc Maeva, Msc Aurora and Msc Abdoun Discovery to load/offload containers and furnace oil were berthed at Qasim International Containers Terminal and Fotco Oil Terminal during... Joint venture BEIJING, Aug 29: Japan’s Toyota took a major step into the booming Chinese vehicle market on Thursday, announcing a tie-up with local giant First Automotive Works (FAW) to jointly manufacture up...

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