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| November 6, 2002 | Wednesday | Sha’aban 30,1423 |
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Foreign investment stands at $240m: Capital market
KARACHI, Nov 5: Foreign investment in stocks stood at Rs14 billion or around $240 million on October 19, figures of foreign portfolio investment in capital markets, released by the State Bank... 
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Trade gap narrows by 2.3pc in July-Oct
ISLAMABAD, Nov 5: The country’s exports during the first four months of current fiscal (July-Oct 2002-03) were recorded at $3.478 billion as against $3.024 billion during the same period of previous...
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Euro again flies past dollar: Rupee up vs $
KARACHI, Nov 5: After more than three-and-a-half months the euro on Tuesday again crossed parity with the US dollar both in the international as well as in Pakistan market....
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3 states summit in a month: Gas pipeline
KARACHI, Nov 5: Managing director, Sui Southern Gas Company Limited (SSGC), Munnawar Baseer Ahmed, on Tuesday said a summit meeting between presidents of Pakistan, Turkmenistan and Afghanistan was expected to be...
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New badla procedure, KSE index criteria
KARACHI, Nov 5: In a series of three separate announcements on Tuesday, the Karachi Stock Exchange stipulated change in prevailing COT (badla) procedures; reduction of weightage of KESC in KSE indices...
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SSGC finalizing tariff structure
KARACHI, Nov 5: Sui Southern Gas Company Limited (SSGC) is finalizing a “gas tariff rationalization plan,” under a market base structure to facilitate and help the poor domestic consumers....
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WTO issues need to be dealt with proactively
KARACHI, Nov 5: Dr Tariq Banauri, a well known scholar emphasised on Tuesday that the fifth WTO ministerial meeting, scheduled in September 2003, offers both opportunities and challenges to developing countries...
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OGDCL granted 2 exploration licences
ISLAMABAD, Nov 5: The government on Tuesday granted two petroleum exploration licences to Oil and Gas Development Company Limited (OGDCL). Abdullah Yusuf, secretary petroleum; G.A. Sabri, director general, Petroleum Concessions; and...
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KSE-100 share index recovers 53.74 points
KARACHI, Nov 5: Massive buying in Hub-Power and PTCL on Tuesday drove bears out of the market allowing the KSE 100-share index to recoup more than a half of the overnight...
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Time-bound tariff relief offered: Electronics industry
ISLAMABAD, Nov 5: The chairman, National Tariff Commission (NTC), Dr Faizullah Khilji on Tuesday directed the electronics industry to specifically submit a time-bound plan for dispensing with dependency on tariff protection...
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Deal signed
KARACHI: Microsoft Pakistan and Mobilink GSM (Pakistan) signed a three-year enterprise agreement. The agreement will provide Windows operating system, office suite and client connectivity licences to 550 desktop users at Mobilink,...
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Karachi Port operations
KARACHI, Nov 5: Three ships including a car carrier with 116 units are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Phutti arrivals up by 2.33pc
KARACHI, Nov 5: As phutti (seed cotton) arrival in Punjab has picked up during last fortnight (Oct 15-31), the over all raw cotton production in the country also increased by 2.33...
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Rs25.2bn refunded in July-Oct
ISLAMABAD, Nov 5: The Central Board of Revenue (CBR) has paid Rs25.2 billion refund/rebate to exporters during the first four months (July-Oct) of 2002-03 against Rs23.1 billion the same period last...
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Tea auction
CHITTAGONG, Nov 5: The average price of Bangladesh teas edged up on strong demand at the weekly tea auction on Tuesday, brokers said...
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FTA with US to take some time
ISLAMABAD, Nov 5: Pakistan is seeking free trade agreement (FTA) with the United States to broaden bilateral economic cooperation and greater market access, authentic government sources told Dawn on Tuesday....
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Firm faces legal action
ISLAMABAD, Nov 5: The SECP has initiated legal proceedings against the chief executive and directors of Polypropylene Products Limited for their failure to maintain proper books of account as required under...
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Prices firm on cotton market
KARACHI, Nov 5: Cotton prices remained firm around the overnight levels as ginners held on to their positions rather than indulging in hasty selling despite larger unsold stocks lying in their...
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Iraqi oil exports up
NEW YORK, Nov 5: Iraqi oil exports nearly quadrupled to 2.76 million barrels per day in the week ended last Friday, UN officials said on Tuesday....
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NIT NAV rises by 36.9 per cent
LAHORE, Nov 5: National Investment Trust (NIT) outperformed the benchmark KSE-100 by 9.2 per cent in the first four months of the current fiscal year as its Net Asset Value rose...
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