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| September 27, 2002 | Friday | Rajab 19, 1423 |
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Cotton grading law comes into force
ISLAMABAD, Sept 26: With Pakistan losing $350 million per year due to contaminated cotton, the government on Thursday introduced a law to follow international cotton standardization and grading system in the... 
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Cut in PDL to cause Rs326.6m loss
KARACHI, Sept 26: With elections around the corner, the government has preferred to suffer a revenue loss of Rs326.6 million per month by cutting down the petroleum development levy (PDL) on...
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Southern Punjab cotton crop hit by pest, virus
ISLAMABAD, Sept 26: The cotton crop in the Southern Punjab region, one of the best quality cotton producing area in Pakistan, has been hit by sucking pest, bollworm and curl virus...
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Sindh, 3 firms sign MoU on Thar coal study
KARACHI, Sept 26: Sindh government and three companies of Australia and Canada on Thursday signed a memorandum of understanding (MoU) to undertake Bankable Feasibility Study for development of coal deposits in...
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Liquidity crisis deepens
KARACHI, Sept 26: The State Bank on Thursday swapped tens of millions of dollars for rupees to help the banks facing shortage of the US units to meet their daily requirements....
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PICIC: CORPORATE PROFILE
KARACHI, Sept 26: On Thursday, Pakistan Industrial Credit & Investment Corporation Limited (PICIC) announced the financial results and appropriations for the year ended June 30, 2002. The board had met a...
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Teli Group sweeps KCCI election
KARACHI, sept 26: Businessmen Group (Teli Group) on Thursday swept the annual election of Karachi Chamber of Commerce and Industry (KCCI) for all but one managing committee seats....
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SLIC earns Rs650m premium
KARACHI, Sept 26: The State Life Insurance Corporation (SLIC) has earned first year premium from new business amounting to Rs650 million during January to August period of 2002. This shows an...
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Index soars above 2,000-point mark amid snap rally
KARACHI, Sept 26: Stocks on Thursday staged a snap rally as leading institutional traders made active purchases at the lower levels apparently sending signals to the bears that it is now...
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SECP disposes of 80pc complaints against brokers: July-September
ISLAMABAD, Sept 26: Securities and Exchange Commission of Pakistan disposed of 813 out of a total 831 complaints received from investors against brokers and companies during in July to September 2002....
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Active trading on cotton market
KARACHI, Sept 26: Active trading was again witnessed on the cotton market on Thursday as spinners remained active buyers for any number of bales around Rs2,000 per maund....
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ADB to set up fund for SMEs uplift
KARACHI, Sept 26: The Asian Development Bank (ADB) will set up a sector development fund of $100 to $300 million for Small and Medium Enterprises (SMEs). The fund will be used...
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‘Prolonged use of IMF loan can harm economy’
WASHINGTON, Sept 26: Too many countries depend too heavily on International Monetary Fund loans, and prolonged use of such cash can actually harm a country’s economy and often ends in failure,...
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Insurance Ombudsman yet to be appointed
ISLAMABAD, Sept 26: The office of Insurance Ombudsman has been provided for under the Insurance Ordinance, 2000, to redress the grievances of policy-holders against any insurance company, according to an official...
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Karachi Port operations
KARACHI, Sept 26: Berthing activity at the wharves was maintained on the higher side on the Karachi port on Thursday as agencies tried to clear the inward rush of foreign flag...
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Dollar gains against euro
LONDON, Sept 26: The euro slipped against the dollar in late trade on Thursday following the release of better-than-expected US weekly jobless claims and durable goods data, dealers said....
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‘NWFP overcomes financial crisis’
PESHAWAR, Sept 26: NWFP Governor Syed Iftikhar Hussain has said that successful financial policies adopted by the NWFP government have enabled it to launch massive development projects throughout the province....
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European stock markets surge
LONDON, Sept 26: European stocks surged on Thursday, buoyed by bullish remarks from Finnish telecommunications equipment maker Nokia and further strong gains on Wall Street where robust US data eased recessionary...
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Palm oil prices up
KUALA LUMPUR, Sept 26: Malaysian palm oil ended higher on bullish export figures released a day earlier and overnight rises in US soyaoil....
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Extension of date sought
KARACHI, Sept 26: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the chairman of Sindh Employees Social Security Institution (SESSI) to extend the date for registration under the...
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