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September 7, 2002 Saturday Jamadi-us-Saani28,1423 GDP growth seen at 4.6pc in 02-03 KARACHI, Sept 6: Pakistan’s GDP growth during current fiscal year would range between 4 to 4.6 per cent, economists say. But more noticeable than the gap of half a percentage point... WTO rules not to hit industry: Shaukat LAHORE, Sept 6: Expressing his firm belief in free trade policies, Finance Minister Shaukat Aziz promised businessmen that the WTO regulations and rules would, however, not be let hinder the progress... Pakistan to pursue $1bn loan write-off: US visit LAHORE, Sept 6: Federal Finance Minister Shaukat Aziz has said the Pakistan would request the US during President Pervez Musharraf visit to write off $1 billion debt out of a total... Thatta Cement bidding today ISLAMABAD, Sept 6: The Privatization Commission is holding an open bidding here on Saturday for the sale of minimum of 90 per cent shares of Thatta Cement Company Limited (TCCL) on... Gillette cuts sales staff to 35 from 65 KARACHI, Sept 6: Gillette Pakistan Limited (GPL) has reduced its sales staff strength to 35 persons from 65 during the last one year owing to continuous erosion of market share and... Income tax relief for EPZ units ISLAMABAD, Sept 6: The federal government on Friday announced three-year income tax exemption for the industrial units set up in Export Processing Zones (EPZs) up to June 30, 2000.... Dollar falls further in inter-bank, kerb KARACHI, Sept 6: The US dollar on Friday shed six paisa more against the rupee in the inter-bank market. The US currency lost its value as exporters hurriedly sold foreign exchange... Drug makers allowed GST refund of July LAHORE, Sept 6: Finance Minister Shaukat Aziz on Friday announced that pharmaceutical manufacturers will be allowed refund equal to the amount deposited by them as General Sales Tax (GST) for the... Chinese team KARACHI, Sept 6: A 10-member Chinese textile delegation is coming on a week-long visit from Sept 7 to 12, 2002. The main purpose of the visit is to look for joint... Manufacturing LONDON, Sept 6: Britain’s manufacturers got back to business in July, recording their biggest production rise in 23 years, after extended holidays to mark Queen Elizabeth’s 50 years on the throne... KSE-100 index crosses 2,000-point barrier KARACHI, Sept 6: After three earlier abortive bids, the KSE 100-share index on Friday confidently breached through the psychological barrier of 2,000 points as leading base shares joined hands to outwit... Chinese co interested in oil and gas sector ISLAMABAD, Sept 6: A leading Chinese oil and gas company, Sichuan Petroleum Administration (SPA), a subsidiary of China Natural Petroleum Corporation (CNPC), has shown keen interest to invest in oil and... 15pc GST on medicines earns Rs1.81bn ISLAMABAD, Sept 6: The tax authorities have raised around Rs1.81 billion through the levy of 15 per cent General Sales Tax (GST) from all kinds of medicines at both import and... Karachi Port operations KARACHI, Sept 6: Six ships carrying raw jute, containers and general cargo are due to arrive at the outer anchorage on Saturday, according to KPT sources.... FBS, Population Census to be merged ISLAMABAD, Sept 6: Pakistan Bureau of Statistics (PBS) will be created shortly after merger of the three separate departments, the Federal Bureau of Statistics, Commissioners of Population Census and Agricultural Census.... PGL rating upgraded KARACHI, Sept 6: JCR-VIS credit rating company has upgraded the entity rating of Pak-Gulf Leasing Company Ltd. (PGL) from triple B minus to triple B for medium to long term. The... Indian rupee MUMBAI, Sept 6: The Indian rupee is seen taking its lead on Monday from weekend developments in Iraq and their impact on oil prices.... Lint prices resist fresh decline KARACHI, Sept 6: Cotton market on Friday resisted fresh decline as ginners held on to their positions to forestall further decline in prices. Trading was slow in the absence of buyers.... Bankers scrutiny KARACHI, Sept 6: The State Bank has asked all banks and non-bank financial institutions (NBFIs) to develop a standard procedure within 30 days to obtain satisfactory confidential reports of their would-be... Dollar gains on good US payroll data LONDON, Sept 6: The dollar took advantage of sturdy growth in US nonfarm payroll numbers to advance on the euro and other major currencies in late trade on Friday, dealers said....

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