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| February 27, 2003 | Thursday | Zul Hijjah 25, 1423 |
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Ishrat for creating new job avenues
ISLAMABAD, Feb 26: The increased flow of foreign investment, including remittances by the overseas Pakistanis, are ‘not’ helping in creating job opportunities in the country, says Governor, State Bank of Pakistan,... 
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Wapda clears NWFP arrears: Return of assets
PESHAWAR, Feb 26: Water and Power Development Authority (Wapda) has cleared the arrears it owed to pay to NWFP as ‘return of assets’ transferred to it by the province, according to...
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Pakistan seeks free trade deal with Japan: Non-farm products
ISLAMABAD, Feb, 26: Pakistan and Japan have agreed to look into the possibility of signing a bilateral free trade agreement (FTA) for duty free trade of non-agriculture products between the two...
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Recommendations to remove flaws in IT assessment
ISLAMABAD, Feb 26: The tax authorities have detected 17 types of flaws in the income tax assessment resulting in revenue loss to the national kitty....
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QSC meeting
KARACHI, Feb 26: Federal minister for commerce Humayun Akhtar Khan has convened a meeting of Quota Supervisory Council (QSC) on Monday (March 3) to finalize amendments in the Textile Policy for...
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Saudis want security of investments in Pakistan
KARACHI, Feb 26: Makkah Chamber of Commerce and Industry (MCCI) chairman Adil A. Kaki has said that Saudi investors are concerned about the security of their investments in Pakistan....
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Saudi Pak approves Rs1,413m financing
KARACHI, Feb 26: The Board of directors of Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited, which met on Wednesday in Dubai, approved total financing of Rs1,413 million to 24...
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SSGC earns Rs937m profit
KARACHI, Feb 26: Sui Southern Gas Company Limited (SSGCL) has earned a pre-tax profit of Rs937 million and an after-tax profit of Rs605 million during July-December 2002-2003....
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ATT import value rises by 110pc
ISLAMABAD, Feb 26: The import value of Afghan Transit Trade (ATT) surged by more than 110.89 per cent during the first seven months (July-January) period of the current financial year, over...
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FTA: Lankan minister due on March 11
ISLAMABAD, Feb 26: The Sri Lankan Minister for International Trade and Commerce is due on March 11 to finalize the free trade agreement between the two countries....
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KSE index breaches 2400-point barrier
KARACHI, Feb 26: Stocks on Wednesday suffered fresh widespread decline under the lead of overvalued shares in the energy sector and analysts fear it could well be the beginning of the...
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NWFP may surpass Rs1 billion wheat subsidy target
PESHAWAR, Feb 26: NWFP is likely to exceed Rs1bn wheat subsidy projection for the current fiscal. The amount was fixed by the last provincial government, according to official sources....
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Prices rise further on cotton market
KARACHI, Feb 26: Cotton prices on Wednesday rose further as spinners and mills lifted all the lots offered by the ginners at an average rate of Rs2,500 per maund excluding 15...
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Banks to get CIB reports online
KARACHI, Feb 26: Banks and financial institutions can now seek credit worthiness reports from Credit Information Bureau of State Bank and submit their monthly credit data electronically. The SBP has asked...
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OMCs asked to keep maximum stocks
KARACHI, Feb 26: Minister for Petroleum and Natural Resources said on Wednesday he had instructed oil marketing companies to maintain stocks at maximum levels given fears of a US-led attack on...
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Reckitt Benckiser earns profit
KARACHI, Feb 26: Reckitt Benckiser Pakistan (formerly known as Reckitt & Colman Pakistan) posted pre-tax profit of Rs272.2 million for the year ended December 31, 2002, which represented improvement over the...
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Swiss grant for micro finance sector
ISLAMABAD, Feb 26: The Swiss government has decided to strengthen micro finance sector of Pakistan by offering grant assistance....
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Karachi Port operations
KARACHI, Feb 26: Half a dozen ships carrying crude oil, high speed diesel and tallow are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Dollar higher against yen
LONDON, Feb 26: Sterling steadied just above the previous day’s four-year low on the euro and two-month trough on the dollar on Wednesday as investors paused to assess how much bad...
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Palm oil prices
KUALA LUMPUR, Feb 26: Malaysian palm oil futures drifted on Wednesday, with players showing little interest in trade ahead of India’s budget presentation later this week....
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