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September 4, 2002 Wednesday Jamadi-us-Saani25,1423 Livestock shortage pushes meat prices up KARACHI, Sept 3: Beef prices have started crawling up in the local market following a shortage of supply of livestock. The livestock supply from across the border has come to a... July-August Revenue receipts up by Rs6.61bn ISLAMABAD, Sept 3: The revenue receipts increased by Rs6.61 billion to Rs52.629 billion during July-August period of 2002-03 against Rs46.492 billion the same period last year.... Government sets up Procurement Authority ISLAMABAD, Sept 3: The government has set up a “Procurement Authority” to ensure total transparency in contracts by local and foreign firms, says Minister for Finance Shaukat Aziz.... Azerbaijan, Pakistan form Business Council ISLAMABAD, Sept 3: Pakistan and Azerbaijan on Tuesday signed a protocol to enhance and strengthen the existing trade and economic relations between the two countries after comprehensive deliberations at the 2nd... SBP to start dollar/rupee swap from today KARACHI, Sept 3: The State Bank has come up with another tool of monetary management that will not only help it achieve its monetary targets but will also keep banks liquid... United Bank re-bidding termed legal ISLAMABAD, Sept 3: The government has been advised by its top constitutional and legal experts to go ahead with the re-bidding schedule of the United Bank Ltd (UBL) on September 5... OECD moot begins on 18th ISLAMABAD, Sept 3: Pakistan will raise the issues of transfer pricing and interpretation of international treaties of double taxation at the 7th annual moot of Organization of Economic Cooperation and... CDC may earn Rs25m profit KARACHI, Sept 3: Central Depository Company (CDC) could earn after-tax profit of Rs25 million for the latest fiscal year, after the (gestation period) losses of the previous four years, chief executive... US scrambling to escape EU curbs BRUSSELS, Sept 3: The EU hopes to avoid a high-risk trade war with the US, notably by using WTO-authorized huge sanctions to make Washington back down on tax rules, officials said... KSE gains 22 points on heavy buying in energy scrips KARACHI, Sept 3: Stocks on Tuesday were back on the rails as heavy buying in the energy sector evoked strong sympathetic support on the other blue chip counters, enabling the index... US outlook WASHINGTON, Sept 3: The US manufacturing outlook darkened and job-cutting announcements shot up in August, fresh data showed on Tuesday, stoking fears for the economy.... NWFP seeks permanent solution: Hydel profit PESHAWAR, Sept 3: The NWFP government wants of the Water and Power Development Authority (Wapda) and Federal Government to resolve the impending net hydel profit issue during the current financial year,... Afghani KABUL, Sept 3: The Afghan currency fell to its lowest level against the dollar in at least 10 months on Tuesday amid reports of the imminent introduction of new denominations, currency... ‘Gold category expansion novel idea’ KARACHI, Sept 3: The general body meeting of the members of All Pakistan Textile Mills Association (Sindh-Balochistan Zone) on Tuesday appreciated the CBR announcement of Sept 1, 2002, which will expand... Japan fair trade body TOKYO, Sept 3: Japan’s anti-monopoly watchdog said on Tuesday it was investigating airfare cuts by the nation’s three largest carriers to see if they amounted to unfair price-fixing.... Steady arrivals keep cotton market volatile KARACHI, Sept 3: Cotton market on Tuesday remained unsettled as reports of steady arrivals of phutti both into the Sindh and the Punjab ginneries kept ginners at their toes throughout the... European share markets fall LONDON, Sept 3: European share markets fell to their lowest levels in almost a month on Tuesday as concern about the slow pace of recovery in corporate earnings, pre-September 11, jitters... Cotton training programme KARACHI, Sept 3: For imparting knowledge on cotton classification to the TCP officials, the corporation has arranged training programme in collaboration with Pakistan Cotton Standards Institute (PCSI).... WB report on development ISLAMABAD, Sept 3: The World Bank has urged more balanced global approach to development in South Asia.... Pakistan Steel production ratio up KARACHI, Sept 3: Pakistan Steel has made a substantial achievement by increasing the ratio of steel production from 37 tons per employee to 59 tons per employee and Rs0.63 million to...

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