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January 24, 2003 Friday Ziqa’ad 20, 1423 U-turn of stock market KARACHI, Jan 23: When the Karachi Stock Exchange index rose by as many as 100 points the previous Wednesday to close at 2950 points, many stock brokers were seen preparing for... KSE 100-share index sheds another 122 points KARACHI, Jan 23: The KSE 100-share index on Thursday plunged by another 122 points or four per cent on heavy selling in all the pivotals triggered by reports of notices to... SECP chief plays down fall ISLAMABAD, Jan 23: “The present dip in the stock market is a temporary phase and a normal phenomenon of an active market everywhere in the world,” said Khalid A. Mirza, chairman,... Badla rates fall to 45pc at LSE LAHORE, Jan 23: The badla rates at the Lahore Stock Exchange (LSE) on Thursday declined to 45 per cent from an average 118 per cent on Tuesday.... EPB to audit EDF-financed institutions accounts KARACHI, Jan 23: Commerce Minister Humanyun Akhtar Khan has directed the Export Promotion Bureau to audit the accounts of all the technical and human resource development institutions set up out of... Mills to lift cane at Rs43 KARACHI, Jan 23: Sugar mills will lift sugarcane from growers at Rs43 per 40 kg with quality premium at Rs0.50 per additional 0.1 per cent recovery of sucrose in excess of... NBP signs deal with Western Union KARACHI, Jan 23: State-run National Bank and the Middle East & Pakistan chapter of US-based Western Union have signed a deal to facilitate expatriate Pakistanis to make transfer of money from... No more cut in discount rate likely KARACHI, Jan 23: Whereas expectations are rife in the banking circle about another cut in the discount rate State Bank Governor Dr Ishrat Husain hinted here on Thursday that no such... Rice exporters asked to develop brand names KARACHI, Jan 23: Federal Minister for Commerce Humanyun Akhtar Khan on Thursday asked rice exporters to develop their own brand names for rice and should ensure good quality to fetch better... NWFP units cut operations for want of gas PESHAWAR, Jan 23: Industrial units in NWFP were forced to cut their manufacturing operations drastically since early this month owing to partial or in some cases complete suspension of gas supply... Low-priced China items scare US textile makers: Post-2004 quota-free world WASHINGTON, Jan 23: The US and Caribbean textile producers on Wednesday said they feared competition from a flood of low-priced Chinese goods once the United States fully phases out import quotas... Website on insurance industry ISLAMABAD, Jan 23: The Insurance Division of Securities and Exchange Commission of Pakistan has established a website for providing information to the general public about almost all the aspects of insurance... Karachi Port operations KARACHI, Jan 23: Four ships carrying containers, steel, chemicals and to load molasses are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Sizing units for removal of SRO-575 FAISALABAD, Jan 23: All Pakistan Sizing Industries Association and its affiliated trade bodies have threatened to observe a country-wide strike if the government does not withdraw the SRO-575 within next couple... Prices firm on cotton market KARACHI, Jan 23: Cotton market on Thursday showed firm trend as spinners resumed their covering operations against foreign sales after taking a technical breather for the last two sessions but ginners... Drawback on local purchase likely: PTA raw materials ISLAMABAD, Jan 23: The government is likely to allow payment of duty drawback to exporters on local purchase of PTA raw materials used in manufacturing of polyester staple fibre (PSF).... S. Arabia, Shell close to deal RIYADH, Jan 23: Saudi Arabia is on the verge of finalizing one of the three major gas projects with a consortium of oil majors led by the Royal Dutch Shell, Saudi... Sigma rating KARACHI, Jan 23: Sigma Leasing Corporation has successfully redeemed the total TFC issue of Rs110 million with its last tranche paid on January 18, says a press release.... Palm oil prices higher KUALA LUMPUR, Jan 23: Malaysian crude palm oil futures extended gains on Thursday as anticipation of tighter supplies in coming months prompted short-covering.... Euro up against dollar LONDON, Jan 23: The euro rose to its highest in three years against the dollar on Thursday, knocking the greenback down on other fronts as the single currency’s rally gained strength,...

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