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| January 7, 2003 | Tuesday | Ziqa’ad 3, 1423 |
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First half Exports stand at $5.2bn
KARACHI, Jan 6: Pakistan’s exports in December exceeded 900 million dollars bringing total export earnings to 5.2 billion dollars in last six months which is exactly 50 per cent of the... 
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2nd pre-bid moot of PSO likely on 30th
KARACHI, Jan 6: The second pre-bid meeting of the Pakistan State Oil (PSO) will be held in the last week of this month to discuss the bidding process and finalise the...
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SPI surges by 0.33pc
ISLAMABAD, Jan 6: Sensitive Price Indicator soared by 0.33 per cent during the week ending January 2 over the previous week, according to the weekly price data of Federal Bureau of...
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75 exporters fail to get German visa: Heimtextil fair
KARACHI, Jan 6: German embassy in Islamabad has not given visa to more than 75 Pakistani textile exporters who wanted to set up their stalls in Heimtextil Fair beginning in Frankfurt...
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NBP rolls over $100m loan for PSO
KARACHI, Jan 6: National Bank of Pakistan has rolled over a $100 million letter of credit-cum loan facility for Pakistan State Oil. But the rollover has been made on fresh terms...
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Refund falls by 15.81pc in first half
ISLAMABAD, Jan 6: The actual release of refund/rebate to exporters has decreased steadily by 15.81 per cent during the first six months of the current financial year....
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BoI role being redefined
KARACHI, Jan 6: Adviser to the Prime Minister on Privatization and Investment, Dr Abdul Hafeez Shaikh has said that the Board of Investment (BoI) is being restructured and reconstituted with the...
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Cassim new KSE board chief
KARACHI, Jan 6: Firozuddin Cassim—a senior member of the Karachi Stock Exchange—was elected the chairman of the board for the year 2003....
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Union Insurance meets capital requirement
KARACHI, Jan 6: Union Insurance Company of Pakistan Limited said that it had fully-paid up capital of Rs54.57 million before the last date given by the Securities and Exchange Commission of...
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Oil prices fall
LONDON, Jan 6: Oil prices eased off recent highs on Monday after the Opec oil cartel signalled it could soon start pumping more crude oil to try to calm a market...
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Stocks post widespread gains on KSE
KARACHI, Jan 6: Stocks on Monday posted fresh widespread gains as the strength of the energy sector spilled over to other counters aided by strong dividend-related fresh buying, pushing the index...
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Gold prices rise to 6-year high
LONDON, Jan 6: The price of safe-haven gold rose to its highest for almost six years on Monday as investors piled into the precious metal over fears about a war in...
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Slow trading on cotton market
KARACHI, Jan 6: Trading activity on the cotton market on Monday remained relatively slow as both buyers and sellers kept to the sidelines apparently assessing the likely impact of higher phutti...
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LTU performance remains dismal
ISLAMABAD, Jan 6 : The performance of newly established Large Taxpayers Unit (LTU) at Karachi which was part of the tax machinery restructuring, fell far short of the expectations during the...
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Russia pledges cooperation with Opec
KUWAIT CITY, Jan 6: The world’s biggest non-Opec oil exporter Russia said on Monday that it was prepared to consider “all forms of cooperation” with the cartel to boost deliveries and...
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Refund of Rs4.262m ordered
ISLAMABAD, Jan 6: The Federal Tax Ombudsman (FTO), Justice Saleem Akhtar has asked the Collector of Customs (Appraisement) to release the withheld refund of Rs4.262 million to a taxpayer shortly....
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KCCI seeks Withdrawal of Sec 73 of ST Act
KARACHI, Jan 6: The Karachi Chamber of Commerce and Industry (KCCI) has urged the CBR to withdraw section 73 of the Sales Tax Act regarding condition of admissibility of input tax...
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Palm oil prices up
KUALA LUMPUR, Jan 6: Malaysian palm oil closed sharply higher on Monday after bullish crop estimates for December from forecaster Ivan Wong turned around a market spooked by losses in rival...
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Japan’s new auto sales rise
TOKYO, Jan 6: Japan’s new auto sales in December rose 1.4 per cent from a year earlier to 301,144 vehicles as robust sales of compact passenger cars were partly offset by...
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Hitachi launches new HDD firm
TOKYO, Jan 6: Japanese electronics giant Hitachi said on Monday it has launched a company combining its hard disk drive (HDD) operations with those of US counterpart Internatioal Business Machines (IBM)...
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