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January 8, 2003 Wednesday Ziqa’ad 4, 1423 Pakistan to hire prominent lawyers: Bedlinen dumping case ISLAMABAD, Jan 7: Pakistan has decided to hire a group of prominent local and foreign lawyers to effectively fight its case against the allegations of bedlinen dumping by the European Union... Structural reforms key to removing poverty KARACHI, Jan 7: The Governor, State Bank, Dr Ishrat Hussain on Tuesday emphasised the need for investing in human development and changing the mindset of the bureaucracy for achieving the objectives... PS, shipping companies locked in dispute: Iron ore import KARACHI, Jan 7: A shipment tender for transportation of 250,000 tons of iron ore from Indian port Goa to Karachi has become a controversial issue between the giant Pakistan Steel and... ECC orders PODB abolition ISLAMABAD, Jan 7: Economic Coordination Committee of the Federal Cabinet has ordered the abolition of Pakistan Oilseed Development Board (PODB) and the transfer of its functions to a “small cell” in... Textile quota export up by 3.47pc KARACHI, Jan 7: Textile export quota business fetched 2.28 billion dollars during 2002 showing an increase of 3.47 per cent over 2.21 billion dollars earned in 2001.... Heimtextil fair: 210 exporters given visas KARACHI, Jan 7: Despite the fact that some major exporters could not catch their flights to Frankfurt to participate in the Heimtextil, officially 210 exporters were given visas by the German... NBP Islamic banking branch next month KARACHI, Jan 7: State-run National Bank has decided to set up a stand-alone branch for Islamic banking and the branch may start operations next month, NBP President Syed Ali Raza told... Investment task force ISLAMABAD, Jan 7: The Task Force on Investment Promotion and Facilitation will hold its second meeting at the office of Board of Investment here on Jan 10 under the chairmanship of... Pakistan Cables: CORPORATE PROFILE KARACHI, Jan 7: Pakistan Cables Limited — the producers of copper rod, wires, cables and conductors and aluminium profiles — swung back to an after tax profit of Rs4.1 million for... Market capitalization soars to Rs611 billion KARACHI, Jan 7: The total market capitalization soared to about Rs611 billion on Tuesday surpassing its previous all-time peak level of Rs610 billion recorded during the mid-90s boom conditions owing to... Two insurance companies merged ISLAMABAD, Jan 7: Two insurance companies, Business and Industrial Insurance Company Limited (BIICL) and Orient Insurance Company Limited (OICL), have been merged after approval by the Lahore High Court, according to... Spinners, mills resume new year buying KARACHI, Jan 7: Active trading was witnessed on the cotton market on Tuesday after spinners and mills resumed their normal new year buying at the prevailing prices and ginners appear to... Minimum limits for GST levy ISLAMABAD, Jan 7: The Central Board of Revenue has notified the minimum limits for levy of general sales tax (GST) on services provided by beauty parlours, laundries and dry cleaners.... SECP to set up broker branch networks ISLAMABAD, Jan 7: The Securities and Exchange Commission of Pakistan will focus, as part of its future agenda, on the deepening of capital market through the development of retail demand by... EU yet to ratify cooperation pact ISLAMABAD, Jan 7: The European Union (EU) is yet to ratify the bilateral cooperation agreement aimed at greater cooperation in economic and trade affairs, a senior official told Dawn on Tuesday.... Bank Al-Habib’s rates of return KARACHI, Jan 7: For six months ending on December 31, Bank Al- Habib paid five per cent return on monthly profit plan and 5.5 per cent on saving bank deposits both... Karachi Port operations KARACHI, Jan 7: After a couple of lean days owing to slow arrivals of foreign flag ships, cargo handling activity at the Karachi port picked up on Tuesday where a total... Oil prices decline LONDON, Jan 7: Oil prices slumped again Tuesday amidst signs that Opec is poised to open up the taps to help calm a feverish market worried about a strike in Venezuela... Money laundering KARACHI, Jan 7: The Institute of Bankers Pakistan is holding three courses on anti-money laundering — one each at Karachi, Lahore and Islamabad on January 13, 14 and 15 respectively.... Nominated KARACHI, Jan 7: Dr Mirza Ikhtiar Baig, chairman Baig Group and life member FPCCI, has been nominated on the task force for investment promotion by Dr Abdul Hafeez Shaikh, adviser to...

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