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| February 7, 2003 | Friday | Zul Hijjah 5,1423 |
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Duty-free import by expats under study: Machinery
ISLAMABAD, Feb 6: The government is considering to allow overseas Pakistanis to import duty free machinery to set up their industries in the country.... 
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Investment stands at Rs940bn
KARACHI, Feb 6: The overall industrial investment in Pakistan stands at Rs940 billion (small to large sized units) in which investment in Sindh enjoys an edge over Punjab with the share...
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300 tractors to be exported to Bangladesh
KARACHI, Feb 6: Bangladesh has shown keen interest in importing defence equipments, agricultural machinery, sugar and fertilizer plants as well as a number of consumers goods from Pakistan, Export Promotion Bureau...
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Global ambitions and economic recovery: US budget
KARACHI: The US budget for 2004, with a rising fiscal deficit and soaring debts, has focussed on economic recovery and security concerns to realize America’s global ambitions....
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Pakistan to grow more palm oil trees: Jatoi
KARACHI, Feb 6: Federal Industries Minister Liaquat Ali Jatoi said on Thursday that government wanted to reduce import bill of edible oil by increasing the cultivation of palm oil trees in...
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World stocks, dollar slide, oil rises
LONDON, Feb 6: World stock markets and the dollar recoiled on Thursday while oil prices rose, after US Secretary of State Colin Powell failed to persuade skeptical allies of the need...
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1st exchange co starts working
KARACHI, Feb 6: When people walked in the glass-studded office of the first foreign exchange company located on Ziauddin Ahmed Road here on Thursday they were both skeptical and hopeful:...
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Hubco earns Rs2.9bn profit in six months
KARACHI, Feb 6: The Hub Power Company Limited (Hubco) announced on Thursday net profit of Rs2.9 billion for the six months ended December 31, 2002, which was about the same as...
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Bulls, bears maintain status quo on stock market
KARACHI, Feb 6: Stocks on Thursday showed mixed trend as investors played on both sides of the market in the absence of strong demand from the financial institutions and speculative forces....
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NWFP tax collection shows dismal performance
PESHAWAR, Feb 6: The provincial government’s tax collection machinery kept showing dismal performance as at the close of the first half of the current financial year the province recorded a total...
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Taxation: Pakistan, Jordan sign convention
ISLAMABAD, Feb 6: Pakistan and Jordan on Thursday signed a convention for the avoidance of double taxation between the two countries....
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Trade ties with UK
LAHORE, Feb 6: Urging Pakistani businessmen to build stronger contacts with the UK firms, a British trade official on Thursday said the British Airways would start its operations from Lahore as...
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Gulistan Group TFCs oversubscribed
KARACHI, Feb 6: The initial public offering (IPO) of the term finance certificates of Gulistan Group of Companies have been heavily oversubscribed....
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Karachi Port operations
KARACHI, Feb 6: Four ships carrying containers and soyabean meal are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Cotton prices rise amid active trading
KARACHI, Feb 6: Cotton prices on Thursday rose further amid an actively traded session as fears of a short crop continued to inspire panic mill-buying but ginners appear to be reluctant...
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RCITs meet today
ISLAMABAD, Feb 6: The government is likely to consider appointment of more legal advisers in each zone to make the working of the tax administration more efficient....
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ECB rates
FRANKFURT, Feb 6: The European Central Bank (ECB) held its key interest rates steady, as expected, at its regular monthly policy-setting meeting here on Thursday....
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CU Managed Fund
KARACHI, Feb 6: Commercial Union Life Assurance Co (Pakistan) Ltd has announced that the Offer and Bid Prices for the insured units of its Managed Fund effective from February 7...
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Rating maintained
LAHORE, Feb 6: The Pakistan Credit Rating Agency (Pacra) has maintained the entity rating of Khadam Ali Shah Bukhari & Co (KASB) at “A” (single A) for long-term and “A1” (A...
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Palm oil slides
KUALA LUMPUR, Feb 6: Malaysian palm oil futures fell further on Thursday, ending lower across the board due to weakness in the Chicago soyaoil market and the absence of fresh factors,...
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