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September 15, 2002 Sunday Rajab 7, 1423 EOBI to invest in capital market KARACHI, Sept 14: In a major move the Employees Old-Age Benefits Institution (EOBI) for the first time has diverted its investment towards capital market by investing in dividend yielding shares, official... Markup on FCY export finance reduced KARACHI, Sept 14: The State Bank on Saturday cut the markup by 41 basis points on both pre-shipment and post-shipment export financing in foreign currency. This is the second rate-cut within... Badla investment down by Rs900m KARACHI, Sept 14: Correction of 54 points during the past week in the stock market, forced weak holders to offload some of their positions, which went to reduce COT or badla... Steel nations fail to reach accord: Subsidies, tariffs PARIS, Sept 14: Steel-producing nations have failed to reach agreement at talks in Paris on how to eliminate steel subsidies and other trade obstacles, with the United States and the European... Risk, gains in housing investment KARACHI, Sept 14: Housing is an area where people can make investments without much of professional knowledge and expertise required in risky stock trading.... US farmers seek duties on Canadian wheat WASHINGTON, Sept 14: A North Dakota wheat group on Friday said it has asked the Bush administration to slap duties ranging up to 25.5 per cent on imports of Canadian wheat... Rs90bn revenue target for July-Sept ISLAMABAD, Sept 14: The Central Board of Revenue (CBR) has set Rs90 billion tax revenue target for the first quarter (July-September) of the current financial year against Rs81 billion projected for... CBR to probe IT refund cases ISLAMABAD, Sept 14: The tax authorities have prepared a comprehensive questionnaire for the inspection of the refund cases of income tax aimed at maintaining transparency in the system.... Marginal increase in SPI ISLAMABAD, Sept 14: Sensitive Price Indicator (SPI) for the poor households with income of up to Rs3,000 per month soared by 0.74 per cent during the week ending September 12 over... ‘Japan tax cuts to be ironed out soon’ NAGOYA, Sept 14: Economics Minister Heizo Takenaka said on Saturday Japan would iron out details of planned tax cuts for next year within a few weeks as the government stepped up... US says proposed EU sanctions double-edged sword WASHINGTON, Sept 14: Europeans could pay more for everything from toys to heavy machinery if Brussels follows through on a threat to impose sanctions in a long-running trade spat with Washington,... BD fears unrest from waning textile trade WASHINGTON, Sept 14: Unequal access to US clothing markets could cause unrest in one of the world’s poorest countries, the Bangladesh Minister of Commerce said on Friday.... Fears of US attack on Iraq depress Arab stocks RIYADH, Sept 14: Growing concern that the United States will attack weighed heavily on Arab stock markets, Bakheet Financial Advisors (BFA) said Saturday, describing the week as “very dull”.... Unified E.Asia Free Trade Area still far off: ministers BANDAR SERI BEGAWAN, Sept 14: The formation of a unified East Asia Free Trade Area is still far off despite progress in efforts between regions to cut tariff and non-tariff barriers,... Wall Street looks to regain NEW YORK, Sept 14: Wall Street looks for ways to regain its lost momentum after a solemn week of remembrance of the September 11, attacks marked by failed rally attempts that... ‘Opec produces more than 2m bpd over quota’ NICOSIA, Sept 14: The Opec cartel produced 2.06 million barrels per day (bpd) over quota agreements in August, the Middle East Economic survey reports in its Monday edition.... Iraq devalues dinar mirrors fortunes of US war threats BAGHDAD, Sept 14: US President George Bush may be threatening war, but Iraq’s dinar is strengthening against the dollar in Baghdad where the standoff is reflected in the day-to-day rate of... New York cotton futures lower NEW YORK, Sept 14: NY cotton futures closed on Friday near its lows on steady speculative pressure after slipping below key technical support levels, and operators feel fiber prices may trek... Oil and gold prices volatile over Sept 11 LONDON, Sept 14: Oil and gold prices had a volatile week dominated by concerns about the threat of terrorist attacks on the first anniversary of the September 11, 2001 atrocities and... Cotton market remains under pressure KARACHI, Sept 14: Cotton market on Saturday remained under pressure as prices tended further lower for both Punjab and Sindh varieties but luckily the barrier of Rs.1,900 per maund was not...

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