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| October 9, 2002 | Wednesday | Sha’aban 2, 1423 |
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Cut in PDL to cause Rs678.6m loss
KARACHI, Oct 8: The government has taken a hit on revenue collection for the second time in less than one month by reducing the petroleum development levy (PDL) to mitigate the... 
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EU not withdrawing tariff concessions
KARACHI, Oct 8: Minister for Commerce Abdul Razak Dawood on Tuesday said there was no truth that the European Union (EU) was planning to withdraw tariff concessions given on our exports...
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Razak denies favouring imported goods: Consumer financing
KARACHI, Oct 8: Commerce Minister Abdul Razak Dawood on Tuesday clarified that he did not favour consumer financing for imported goods, saying that current consumer financing scheme is focussing primarily on...
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Amendments to make corporates operation easier: Companies Ordinance ’84
ISLAMABAD, Oct 8: A set of 17 amendments in the Companies Ordinance 1984, approved by the Federal Cabinet last week, are designed to bring about far-reaching improvements in the corporate sector...
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Discounting continues
KARACHI, Oct 8: Banks borrowed Rs15 billion more from the SBP discount window on Tuesday to meet their liquidity requirements....
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ST refunds overdue hits textile exports
KARACHI, Oct 8: The exports of value-added textile are presently confronted with a number of problems which are becoming impediment in their growth and also dwindling their volumes as well as...
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Turkmen gas pact likely this month
ASHKHABAD, Oct 8: An agreement to build a massive gas pipeline across Turkmenistan to Pakistan, stalled by two decades of civil war in Afghanistan, is expected to be signed here later...
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Oct-Dec collection target set at Rs110bn
ISLAMABAD, Oct 8: The Central Board of Revenue has set Rs110.5 billion tax revenue target for the second quarter (Oct-Dec) of the current financial year against Rs105 billion projected for the...
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Razak to attend 5-nation rice moot
ISLAMABAD, Oct 8: Commerce Minister Abdul Razak Dawood on Tuesday left for Bangkok, Thailand, to attend five-nation international rice moot being held on Wednesday....
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Upward drive continues on stock market
KARACHI, Oct 8: Stocks on Tuesday posted fresh widespread gains as both institutional traders and some foreign funds made fresh covering purchases on selected counters amid an actively traded session....
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CBR new recruitment policy finalized
ISLAMABAD, Oct 8: The Central Board of Revenue (CBR) has finalized the new recruitment policy to be effective from the current financial year....
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Firm trend on cotton market
KARACHI, Oct 8: Cotton market on Tuesday maintained firm trend as reports of a considerable slow down in arrivals of phutti into the ginneries caused pressure on ready supplies of lint....
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Decision on duty hike plea put-off: Viscose fibre
ISLAMABAD, Oct 8: The National Tariff Commission here on Tuesday deferred a decision on the request of Chemi-Colour for increase in customs duty on imported viscose rayon staple fibre to 25pc...
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EU backs ECB capital, reserves increase
LUXEMBOURG, Oct 8: European Union finance ministers agreed in principle on Tuesday to a small capital increase at the European Central Bank when the bloc enlarges to take in new members,...
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China ranks first in cotton output
BEIJING, Oct 8: China ranked first in the output of corn, cotton, rapeseed, fruit, mutton and beef in the world, while in tea, sugarcane and soyabean it ranked second, third and...
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KASB acquires Platinum Bank shares
KARACHI, Oct 8: Khadim Ali Shah Bokhari (KASB) & Co has acquired majority shares of Platinum Bank, making it financially viable to exist....
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Help line for canola growers
ISLAMABAD, Oct 8: Pakistan Oilseed Development Board (PODB) has set up a “help line” service to facilitate the canola growers for better crops production....
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Dollar up against leading currencies
LONDON, Oct 8: The dollar rose against other leading currencies on Tuesday, buoyed by expectations of a firmer opening on Wall Street where stocks were expected to claw back recent losses...
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Contracts
BAKU, Oct 8: The BP-led consortium operating Azerbaijan’s biggest Caspian Sea oil field said on Tuesday it had awarded the first major contracts in a 5.2-billion-dollar development of the field. Companies...
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Oil prices fall
LONDON, Oct 8: Oil prices fell to their lowest level in three weeks on Tuesday as US President George W. Bush’s decision to tone down the anti-Iraqi rhetoric triggered technical selling...
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