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| February 1, 2003 | Saturday | Ziqa’ad 28, 1423 |
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Cement plunges to Rs185 per bag
KARACHI, Jan 31: Cement prices have dropped by 18 per cent or Rs40 per bag in three months, thanks to the break-up of ‘cement cartel’ — a loose association of the... 
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Progas to build LPG operation at Port Qasim
KARACHI, Jan 31: Progas Pakistan, formerly known as Keloil Pakistan is building Pakistan’s first fully integrated LPG operation at Port Qasim....
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Govt may cut debt servicing ratio to 25pc
KARACHI, Jan 31: The Governor, State Bank of Pakistan (SBP), Dr. Ishrat Husain, said on Friday that the government would be able to reduce the debt servicing ratio to below 25...
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SBP cuts export refinance rate
KARACHI, Jan 31: The State Bank of Pakistan (SBP) on Friday cut the rate of export refinance by 0.5 per cent i.e. from 6 per cent to 5.5 per cent for...
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Revenue collection up by 14pc in July-Jan
ISLAMABAD, Jan 31: The revenue receipts registered an increase of more than 14 per cent to Rs237 billion during July-January period of the current financial year against Rs207 billion collected during...
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SME Bank ‘Hunermand’ scheme launched
ISLAMABAD, Jan 31: SME Bank has launched “Hunermand Pakistan Programme” with a total credit facility of Rs2,000 million for the year 2003, to help promote the country’s small and medium enterprises...
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Korangi to have industrial zone
ISLAMABAD, Jan 31: The government will soon set up Korangi Industrial Zone (KIZ) in Karachi aimed at providing more facilities to foreign investors in the country....
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Romania, France asked to invest in oil, gas
ISLAMABAD, Jan 31: Minister for Petroleum and Natural Resources, Nouraiz Shakoor on Friday asked Romania and France to invest in oil and gas sector as it offers tremendous potential and opportunities...
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Tea export
NAIROBI, Jan 31: Kenya’s tea industry is worried about its key Middle Eastern export market in the event of a US-led attack on Iraq, but said it had not noticed any...
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Oil prices fall ahead of US, UK summit
LONDON, Jan 31: IPE Brent futures fell on Friday on signs of increased exports from strike-ridden Venezuela but volume was low as dealers awaited US President George W. Bush’s talks on...
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Removal of commerce secretary resented
KARACHI, Jan 31: Leaders of textile bodies have protested a recent move by the government removing a senior civil servant from a key post in the ministry of commerce. In their...
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PTCL, Hubco lead massive decline on stock market
KARACHI, Jan 31: PTCL and Hub-Power on Friday received massive battering as leading bears indulged in heavy weekend selling taking the entire market along with them below the 2,600 point index...
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Rice exporters asked to set up research section
KARACHI, Jan 31: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Riaz Ahmed Tata has suggested to rice exporters to adopt modern and aggressive marketing techniques to enhance rice...
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Drawback rates on pharma items revised
ISLAMABAD, Jan 31: The Central Board of Revenue (CBR) has revised the rates of duty drawback on export of pharmaceutical products to boost its exports....
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Conducive environment essential for development
HYDERABAD, Jan 31: Sindh Governor Dr Ishratul Ibad has said that peaceful and tranquil atmosphere was essential for the development and prosperity of the province....
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US economy hits brakes
WASHINGTON, Jan 31: US economic growth slowed to a crawl in the last quarter of 2002 as Iraqi war clouds, slumping stocks and job fears cramped spending, government figures showed on...
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Gates sees tech-driven economic boom
ROME, Jan 31: Software titan Bill Gates on Friday predicted a tech-driven economic boom at the end of the decade as new software systems and Internet use increase productivity, but said...
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Firm trend on cotton market
KARACHI, Jan 31: Cotton market on Friday maintained firm trend as spinners were not inclined to take even a technical breather followed by conflicting reports about the size of the crop....
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Karachi Port operations
KARACHI, Jan 31: Six ships including Anna and Torm Eastern, carrying rock phosphate and steel coils respectively, are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Asian stock markets mixed
TOKYO, Jan 31: Asian stock markets were mixed on Friday, but sentiment was bearish with many regional bourses closed for the Lunar New Year holidays amid growing expectations of a US-led...
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