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September 10, 2002 Tuesday Rajab 2, 1423 Oil prices may go up by 2 to 6pc KARACHI, Sept 9: Consumers are likely to swallow another bitter pill in shape of rise in domestic oil prices after substantial increase in global oil prices amid US-Iraq tension since the... Pakistan, Sri Lanka sign five IT MoUs ISLAMABAD, Sept 9: Memorandums of understanding (MoUs) between Pakistan and Sri Lanka has been signed at Colombo, which envisage generation of $100 million revenue in Information Technology business, over three years.... CBR urged to launch awareness campaign: Filing of returns KARACHI, Sept 9: Tax consultants have called upon the Central Board of Revenue (CBR) to gear up its efforts for mobilizing taxpayers towards filing of tax returns by starting media campaign... Crescent Investment Bank KARACHI, Sept 9: Crescent Investment Bank Limited (CresBank) has neither confirmed nor denied market rumours that it is in advanced talks for takeover of a foreign bank. Nessar Ahmed, president &... Automated refund processing system ISLAMABAD, Sept 9: The government has decided to replace the manual processing of refund claims with automated processing for speedy clearance of refunds to exporters.... Rice moot KARACHI, Sept 9: The Rice Exporters Association of Pakistan (REAP) plans to organize country’s first International Rice Conference in collaboration of EPB in December or early next year.... Sindh accepts Rs20bn NFC offer: Subvention pool KARACHI, Sept 9: Sindh has accepted Rs20 billion offer for the proposed ‘subvention pool’ being set up to provide annual grants to Sindh, Balochistan and NWFP from the year 2003-04 to... Govt not to change cotton trade policy MULTAN, Sept 9: The government has decided not to change the policy of free import and export of the silver fibre, said Commerce Minister Abdul Razak Dawood, here on Monday.... Bears rule stock market: index sheds 28 points KARACHI, Sept 9: After opening higher, the KSE 100-share index on Monday failed to stay above the coveted level of 2,000 points as bears ended bull supremacy after indulging in active... Saudi Arabia offers concessions: $25 billion gas projects DUBAI, Sept 9: Saudi Arabia has made a last ditch bid to rescue its landmark gas investment opening, at breakpoint after a year-long battle between the kingdom and the world’s leading... ‘Investment banking playing major role’ KARACHI, Sept 9: Sindh Governor Mohammadmian Soomro has said that with the declining trend of profitability through commercial lending, investment banking is playing a dominant role in income generation as well... PPCBL raises credit limit LAHORE, Sept 9: The Punjab Provincial Cooperative Bank Ltd has increased the outside credit limit by Rs2 billion to Rs12 billion.... Karachi Port operations KARACHI, Sept 9: Berthing activity at the Karachi Port on Monday was maintained on the higher side as all the new arrivals were allotted berths soon after their signal from the... PARC meeting ISLAMABAD, Sept 9: Minister for Food, Agriculture and Livestock, Khair Muhammad Junejo will chair the annual meeting of the board of governors of Pakistan Agricultural Research Council (PARC) on Tuesday here... Refund ordered ISLAMABAD, Sept 9: Federal Tax Ombudsman Justice Saleem Akhtar has ordered the Collector Sales Tax and Central Excise (West) Karachi to ensure refund of Rs5,468,808 CED to the complainant within 15... Active trading on cotton market KARACHI, Sept 9: Active trading was witnessed on the cotton market on Monday as spinners and mills lifted all the lots offered below Rs2,000 per maund by the lower and central... IFAC develops new auditing standard KARACHI, Sept 9: A new International Standard on Auditing (ISA) has been developed to address the increasing number of complex accounting pronouncements containing measurement and disclosure provisions based on fair value.... EoIs invited for Lahore Expo Centre KARACHI, Sept 9: The Export Promotion Bureau (EPB) has invited expressions of interest (EOIs) from private sector firms to construct a state of the art exhibition centre at Lahore on the... Euro lost ground against dollar LONDON, Sept 9: The euro lost ground against the dollar on Monday, sapped by recent signs of strength in the US economy and question marks over the political outlook in Austria... Oil price holds firm LONDON, Sept 9: The price of oil held up close to recent highs on Monday as traders remained on alert for signs on the timing of any US-led attack on Iraq....

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