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| February 8, 2003 | Saturday | Zul Hijjah 6,1423 |
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Japan hints at financial assistance for SMEs
ISLAMABAD, Feb 7: Japan has indicated to offer financial assistance for development of Small and Medium Enterprises (SMEs) in the country.... 
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Trade gap swells by 24.19pc
ISLAMABAD, Feb 7: Foreign trade deficit soared by 24.19 per cent to $572.73 million during the first seven months of financial year 2002-03....
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Dollar falls below Rs58 in inter-bank market
 KARACHI, Feb 7: The US dollar on Friday fell below the crucial level of Rs58 in the inter-bank market confirming earlier signals that the State Bank would now support it at...
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Urea offtake goes up by 23pc
KARACHI, Feb 7: Urea—the most widely used fertilizer in the country— recorded 821,000 tons offtake in December 2002, which represented 23 per cent growth over its sale in the same month...
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Banks recover Rs 17bn in18 months
KARACHI, Feb 7: All commercial banks recovered Rs 17.2 billion in 18 months to December last year out of total loan defaults of Rs 127 billion. Defaulted loans are the loans...
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Car prices to come down soon, says Jatoi
KARACHI, Feb 7: Minister for Industries and Production, Liaquat Ali Jatoi has said that the car assemblers would cut prices....
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Value of dutiable imports up by 11.17pc
ISLAMABAD, Feb 7: The value of dutiable imports increased by 11.17 per cent or Rs24.981 billion to Rs248.574 billion during July-Jan period of 2002-03 against Rs223.593 billion during the same period...
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Oil prices jump
LONDON, Feb 7: World oil prices on Friday bolted up to new highs not seen in over two years after US President George W. Bush stoked war fears by warning Iraqi...
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Support at dips averts larger decline on KSE
KARACHI, Feb 7: Stocks on Friday showed mixed trend as weekend profit-selling clipped the earlier gains on the blue chip counters but larger decline was averted thanks to presence of support...
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Suitability Rules for brokers enforced
ISLAMABAD, Feb 7: Securities and Exchange Commission of Pakistan (SECP) has enforced Suitability Rules for brokers to safeguard public interest, prohibit unfair trade practices and inculcate good governance in business conduct....
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NWFP’s PFC to meet after Eid
PESHAWAR, Feb 7: The NWFP’s Provincial Finance Commission (PFC) would meet after Eid to review the performance of the fiscal management plan and resource distribution formula laid down under the interim...
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Tax collection ahead of target
RAWALPINDI, Feb 7: Adviser to the prime minister on finance, Shaukat Aziz said here on Friday tax collection for July-January has increased by 15 per cent and the government is well...
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Bhanero Textile ratings
KARACHI, Feb 7: JCR-VIS credit rating company has assigned a medium to long-term rating of single A with a “stable” outlook to Bhanero Textile Mills Ltd. The short-term rating is A-1....
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Indian growth
NEW DELHI, Feb 7: India’s official Central Statistical Organization estimated Friday the country’s economic growth would slump to 4.4 percent in the fiscal year ending March, from 5.6 percent the previous...
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SECP summons Mobilink directors
ISLAMABAD, Feb 7: The row between two groups of top management of Pakistan Mobile Communication (PMCL/Mobilink) will be the subject of a hearing ordered by the Securities and Exchange Commission to...
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HK retail sales fall
HONG KONG, Feb 7: Hong Kong’s retail sales for 2002 fell by 4.1 per cent in value or 2.6 per cent in volume compared with 2001, the government said on Friday....
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Cotton market lacks lustre
KARACHI, Feb 7: Physical activity on the cotton market on Friday remained at a standstill as sellers and buyers kept to the sidelines followed by reports that the Trading Corporation of...
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TCP begins procurement of clean cotton
KARACHI, Feb 7: The Trading Corporation of Pakistan (TCP) has started the procurement of higher grade clean cotton from registered ginning factories in Punjab and Sindh....
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CBR to use ‘data’ to net new taxpayers
KARACHI, Feb 7: The tax authorities have decided to obtain special reference data from utility companies to bring new taxpayers under the tax net....
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Karachi Port operations
KARACHI, Feb 7: Six vessels carrying container, gas oil and DAP fertilizer are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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