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| October 26, 2002 | Saturday | Sha’aban 19,1423 |
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Shaukat sees 4.5pc GDP growth this fiscal
LAHORE, Oct 25: Finance Minister Shaukat Aziz expects the country’s GDP to grow by at least 4.5 per cent this fiscal due to the better crops, 5.7 per cent growth in... 
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IT sector fails to take off, says SBP chief
LAHORE, Oct 25: State Bank Governor Dr Ishrat Hussain on Friday said the IT sector had disappointed him as it had failed to take off despite incentives given to facilitate its...
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59pc ABC member cos plan investment
KARACHI, Oct 25: Only 40 companies out of a total of 58 member companies of the American Business Council (ABC) have responded to a perception survey carried out a few weeks...
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MCA begins probe against industry cartels
ISLAMABAD, Oct 25: The Monopoly Control Authority has initiated investigation to ascertain whether five industries have formed cartels in violation of the law. These are: Shipping companies and manufacturers of cement,...
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Lower return on early encashment: PICIC Special certificates
KARACHI, Oct 25: If you are going to buy some special deposit certificates of the PICIC commercial bank introduced for widows/ orphans and retired civil and armed forces personnel and senior...
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EoIs for ICP SEMF invited
ISLAMABAD, Oct 25: The Privatization Commission has invited Expressions of Interest (EoIs) for the transfer of management rights of Investment Corporation of Pakistan’s State Enterprise Mutual Fund (SEMF)....
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Gas cos declare dividends
KARACHI, Oct 25: The board of directors of the Sui Northern Gas Pipelines Limited (SNGPL), which met on Friday, proposed cash dividend at 20 per cent for the year ended June...
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Variety of items on display at WEXNET
KARACHI, Oct 25: Around 140 participants are displaying their products ranging from household products to sophisticated jewellery, fashion garments, gifts and handicrafts in the WEXNET 2002, a national exhibition for women...
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Index crosses 2,200-point barrier on foreign buying
KARACHI, Oct 25: The KSE 100-share index on Friday breached through the barrier of 2,200 points as massive foreign buying in Hub-Power and PSO triggered sympathetic buystops from the local investors...
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SECP confident of better ties with future govt
ISLAMABAD, Oct 25: The chairman, Securities and Exchange Commission of Pakistan (SECP), Khalid A. Mirza has expressed his confidence that the future government would let the capital market regulator continue as...
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China may beat US for top FDI spot
SINGAPORE, Oct 25: China may for the first time overtake the United States to become the largest recipient of foreign direct investments (FDI) in the world....
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Cotton market maintains firm outlook
KARACHI, Oct 25: Cotton market on Friday maintained firm outlook as rumours of a short crop owing to pest attack worried spinners amid fears of further increase in prices....
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Mechanism for reward
ISLAMABAD, Oct 25: The Central Board of Revenue (CBR) has constituted tax-wise committees to work out a standard mechanism for rewarding efficient tax officials....
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CIRC disposes of 64 units
LAHORE, Oct 25: Corporate and Industrial Restructuring Corporation (CIRC) has posted a profit of Rs345 million, noted the 9th meeting of the board of directors held here on Friday with Finance...
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Shell awards HSFO tender
KARACHI, Oct 25: Shell Pakistan Limited (SPL) has awarded the firm and optional tender for local supplies of 120,000 tons of high sulphur fuel oil (HSFO) to Al-Raheem Trading and Hascombe...
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Saarc trade fair opens
KATHMANDU, Oct 25: Prime Minister Lokendra Bahadur Chand opened a South Asian Association for Regional Cooperation (Saarc) trade fair here on Friday with a call for a united effort by all...
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Elected
KARACHI, Oct 25: Basit A. Alavi and Syed Tariq Rashid were unanimously elected chairman and vice-chairman of Pakistan Hardware Merchant’s Association for Sindh and Balochistan circle, says a press release....
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Dollar stable against euro
LONDON, Oct 25: The dollar was stable against the euro on Friday ahead of the release of a flurry of US economic statistics later in the day, while the yen held...
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