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| January 12, 2003 | Sunday | Ziqa'ad 8, 1423 |
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EU imposes ban on Pakistani bedlinen
KARACHI, Jan 11: The European Union Commission has imposed embargo on imports of category 6 (shorts and pants) and 20 (bedlinen) just a couple of hours prior to the scheduled meeting... 
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Gas supply to 132 units suspended
LAHORE, Jan 11: The suspension of gas supply to some 98 industrial units in Punjab by Sui Northern Gas Pipelines Ltd (SNGPL) is said to have hurt export-oriented textile mills the...
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Kinoo exporters of carton seek Rs2/kg subsidy
KARACHI, Jan 11: The Export Promotion Bureau (EPB) will send a proposal to the Ministry of Commerce (MoC) next week regarding incentives for the kinoo exports in paper carton....
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SBP guidelines for external auditors
KARACHI, Jan 11: The State Bank has issued a master circular on audit of annual accounts of banks by external auditors that envisages a set of guidelines for compliance....
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High business costs depress investment
KARACHI, Jan 11: The high cost of doing business has depressed investment, employment and production, says latest World Bank Pakistan Country Update, a view that is shared by manufacturing companies....
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Aptma seeks separate refund system
KARACHI, Jan 11: All Pakistan Textile Mills Association (APTMA) has urged the adviser to the Prime Minister on Finance Shaukat Aziz to personally intervene and expedite the payment of overdue sales...
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Bedlinen export licences suspended
FAISALABAD, Jan 11: The Export Promotion Bureau has suspended the licences for the exports of bedlinen to Europe without assigning any reason, which has created a lot of problems for the...
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‘Some fiscal stimulus not bad thing’
NEW YORK, Jan 11: Federal Reserve Board Governor Edward Gramlich said on Friday that some fiscal stimulus to boost a slow economy was helpful, but the long-term goal of fiscal policy...
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US firms shed 101,000 jobs in Dec
WASHINGTON, Jan 11: US firms unexpectedly cut 101,000 jobs in December, the government said on Friday, raising economic fears as President George W. Bush campaigned for a new growth package....
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$ hits 3-year low against euro
NEW YORK, Jan 11: A bleak December US employment report sent the dollar to its lowest level in three years against the euro on Friday, as the weak data converged with...
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Deflation poses challenges to major economies
TOKYO, Jan 11: Japan’s top financial diplomat was quoted as saying on Saturday that all major economies were at risk from deflation, and he singled out China for exporting the problem...
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USDA to sell surplus sugar
WASHINGTON, Jan 11: Seeking to boost the domestic sugar supply, the US Agriculture Department said on Friday it would sell remaining government sugar supplies and increase marketing allotments....
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Dhaka stocks rise
DHAKA, Jan 11: Dhaka stocks rose on Saturday as retail investors bought shares which fell in recent sessions on Iraq war concerns, brokers said....
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PC sales in India up
NEW DELHI, Jan 11: India’s IT hardware industry said on Friday it had registered sales of 950,000 personal computers in the period March to September 2002, an 18 per cent growth...
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Betel nuts release: FTO directive to PQ collector
ISLAMABAD, Jan 11: Federal Tax Ombudsman Justice Saleem Akhtar has directed the collector of Port Qasim to release the withheld consignments of betel nuts which are fit for human consumption on...
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Bush plans increase in SEC budget
WASHINGTON, Jan 11: US President George W. Bush said on Saturday he would propose the largest-ever increase in the Securities and Exchange Commission’s budget, promising to give market regulators the resources...
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Venezuela to defend quota at Opec
VIENNA, Jan 11: Strike-bound Venezuela will send a heavyweight delegation to Sunday’s Opec meeting in Vienna to defend its Opec quota despite a drastic output slide, delegates said....
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Oil prices dip on Opec pledges, gold glitters
LONDON, Jan 11: Oil prices fell back this week after Opec oil ministers signalled they were ready to pump more oil to ward off an oil price spike threatened by a...
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Steady conditions on cotton market
KARACHI, Jan 11: Cotton market finished the weekend session on a steady note as both spinners and mills continued to cover their positions against forward sales of cotton yarn to foreign...
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Oil-fired plants: CBR notifies IT exemption
ISLAMABAD, Jan 11: The Central Board of Revenue has notified that income tax exemption will be available to all those oil fired powers plants established before October 22, 2002....
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