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| January 4, 2003 | Saturday | Shawwal 30, 1423 |
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Pakistan may lose case by default: EU dumping duty
KARACHI, Jan 3: There are apprehensions of Pakistan losing its case by default against European Union’s proposed anti-dumping measures on bedlinen import as Aziz Memon Chairman of the Quota Supervisory Council... 
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Opec may hike output by 500,000 barrels per day
VIENNA, Jan 3: The Organisation of Petroleum Exporting Countries (Opec) could hike production by at least 500,000 barrels a day if prices remain above $29 a barrel after January 15, an...
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Gold prospecting licence granted
ISLAMABAD, Jan 3: First Prospecting Licence for gold at two sites, Hushe and Ranthak blocks, of Skardu has been granted to Shahzad International by the office of Chief Secretary, Northern Areas,...
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Oil prices rise, other markets pause
LONDON, Jan 3: War worries and supply concerns kept oil prices on the boil on Friday but most other financial markets took a breather after an unexpectedly hectic start to the...
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Job creation plan
TOKYO, Jan 3: The Japanese government would implement a job creation programme worth more than $666.7 million in anticipation of increased unemployment as a result of bad loan disposals by major...
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SRO 410 may be extended
ISLAMABAD, Jan 3: The government is likely to extend the SRO 410 for at least one year. The SRO was due to expire on December 31, 2002, said a senior official....
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Gold prices steady
LONDON, Jan 3: Gold was supported close to six-year price highs on Friday with the dollar remaining weak against foreign currencies and Wall Street posting modest losses, analysts said on Friday....
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Banks to deduct EDS from export proceeds
ISLAMABAD, Jan 3: The Central Board of Revenue has decided to deduct export development surcharge (EDS) through the bank upon receiving remittances against export proceeds....
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Foreign portfolio investment
ISLAMABAD, Jan 3: The opening market value of shares/securities at the country’s capital market as on November 25, 2002 was to the tune of Rs 15,8553.51 million, says a press release...
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BoK MD restored
PESHAWAR, Jan 3: The NWFP government has restored Mr Sajid Ali Abbasi as managing director (MD) of the provincial public sector Bank of Khyber bringing to halt the process of making...
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Airports sell-off
NEW DELHI, Jan 3: India’s cabinet on Friday deferred by a month a decision to privatize four main international airports, a move which was expected to boost a flagging privatization programme....
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Stocks finish weekend session with 34 points gain
KARACHI, Jan 3: Stocks on Friday tended further higher across a broad front as investors were not inclined to miss a rising market aided by reports of higher dividend by the...
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FDPT chief assures facilities to traders
FAISALABAD, Jan 3: The newly-inducted chairman, Faisalabad Dry Port Trust, Sheikh Mukhtar Ahmed, has assured maximum facilities to importers and exporters....
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Cautious trading on cotton market
KARACHI, Jan 3: Steady conditions prevailed on the cotton market on Friday as conflicting reports about the size of the crop forced ginners and spinners to keep to the sidelines at...
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US jobless data to influence markets
LONDON, Jan 3: The US December employment report is expected to dominate financial markets’ attention next week, while UK and euro-zone central bank policy meetings should be non-events, according to analysts....
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Airbus outnumbers Boeing in 2002
PARIS, Jan 3: Largely because of a last-minute order by EasyJet for 120 A319 aircraft, Airbus says that for the second year in a row it managed to significantly outdistance Boeing...
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FTO orders release of drawback
ISLAMABAD, Jan 3: The Federal Tax Ombudsman (FTO) has asked the collectorate of customs (export), Karachi, to release the pending duty drawback amount of Rs2.616 million to an exporter....
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Karachi Port operations
KARACHI, Jan 3: The activity on the Karachi port is expected to pick up further as eight ships are due to arrive on Saturday, according to KPT sources....
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Dollar retreats against euro
LONDON, Jan 3: The dollar retreated against the euro and yen on Friday, ceding some of its strong gains seen a day earlier as a rally sparked by better-than-expected US manufacturing...
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Palm oil softer in late trading
KUALA LUMPUR, Jan 3: Malaysia’s palm oil futures traded sideways at the close on Friday, waiting for fresh leads, but weekend short covering helped plucked prices from early lows, traders said....
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