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September 18, 2002 Wednesday Rajab 10, 1423 State Bank working out insurance scheme: Bank deposits KARACHI, Sept 17: The State Bank of Pakistan (SBP) is now working on bank deposit insurance scheme to assure small depositors that their funds are secure. The bulk of the bank... Economy attains sustainability: Shaukat KARACHI, Sept 17: The revival of investment process in Pakistan remains the most demanding challenge for the government, the Federal Finance Minister Shaukat Aziz said on Tuesday while recounting the achievements... Raw sugar, PSF import banned under DTRE ISLAMABAD, Sept 17: The government has banned the import of raw sugar and polyester staple fibre (PSF) under the Duty and Tax Remission for Export (DTRE) scheme.... Rupee shines in inter-bank, kerb KARACHI, Sept 17: The US dollar that held firm around Rs59.50 till last month and around Rs59.30 by the weekend fell below the crucial level of Rs59.20 in the inter-bank market... Oil price revision deferred again KARACHI, Sept 17: The Oil Companies Advisory Committee (OCAC) on Tuesday failed to revise petroleum prices for the third consecutive day.... Bulls stage comeback: KSE-100 index up by 23 points KARACHI, Sept 17: The current downward drift was halted on the stock market on Tuesday as institutional traders and leading investors covered positions at the lower levels in leading blue chips,... Duty on CNG kit being revived ISLAMABAD, Sept 17: The Central Board of Revenue (CBR) has turned down the request of the Compressed Natural Gas (CNG) kit traders seeking extension in exemption of customs duty and sales... SBP mops up Rs7.1bn thru OMO: 3-month swaps begin KARACHI, Sept 17: The State Bank on Tuesday started up to three-month dollar/rupee swaps with the banks to suck in surplus rupee liquidity from the inter-bank market.... July-Aug FDI rises by 43.3pc ISLAMABAD, Sept 17: Inflows of foreign direct investment (FDI) during first two months of the current financial year amounted to $72.8 million.... No more trials of cotton seed on fields ISLAMABAD, Sept 17: The government has decided to do away with the system of conducting trials of experimental cotton seed on the farmers’ fields in view of the numerous malpractice associated... Firm trend on cotton market KARACHI, Sept 17: Cotton market on Tuesday showed firm trend as most of the deals in physical trading were finalized at the higher rates amid moderately active activity.... Steps to accelerate sell-off process ISLAMABAD, Sept 17: The Cabinet Committee on Privatization is meeting here on September 23 to review the slow process of privatization in the country.... Relief for venture capital cos on cards KARACHI, Sept 17: The chairman, Securities and Exchange Commission of Pakistan (SECP), Khalid A. Mirza said here on Tuesday that the government is considering to grant tax exemption of at least... AKFED to acquire CGU shareholding KARACHI, Sept 17: The Aga Khan Fund for Economic Development (AKFED) and its affiliate, New Jubilee Insurance Company Limited (NJI) would acquire shareholding of CGU International Insurance plc (CGU), principal shareholder... Karachi Port operations KARACHI, Sept 17: Six ships carrying containers, chemicals and crude oil are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, Sept 17: Contship Champion to load and offload containers was accommodated berth at Qasim International Containers Terminal (QICT) during the last 24 hours, says a PQA press release on Tuesday.... Dollar gains against euro and yen LONDON, Sept 17: The dollar rallied on Tuesday after Iraq agreed to the unconditional return of UN arms inspectors, a move that sent stock markets soaring and oil prices plunging, giving... Oil prices plunge LONDON, Sept 17: Oil prices plunged on Tuesday after Iraq agreed to the unconditional return of UN arms inspectors, raising expectations that an attack on Baghdad could be averted....

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