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March 8, 2003 Saturday Muharram 4, 1424 Detailed report on irritants soon: Investment ISLAMABAD, March 7: The combined Task Force on investment here on Friday decided to formulate a comprehensive report on various irritants being faced by the business community.... Exporters start feeling pinch of looming war KARACHI, March 7: Amid gathering war clouds over Iraq, the exporters are finding it difficult to assure their buyers of timely and uninterrupted deliveries which have to be booked at this... Pakistan may bid for Japan rice tender ISLAMABAD, March 7: Pakistan is expected to bid this year for 600,000 tons of rice Japan imports every year through both the public and private sector.... Reserves touch $10bn mark ISLAMABAD, March 7: The Adviser to the Prime Minister on Finance Shaukat Aziz on Friday said that by Thursday’s night, Pakistan’s foreign exchange reserves have reached to $10.1 billion which were... SBP faces Rs20bn fall in profit ISLAMABAD, March 7: The State Bank of Pakistan will have to face a loss of roughly Rs20 billion by June 30 this year because of reduction in the interest rates of... Efforts on to increase exports to Bahrain ISLAMABAD, March 7: Industries Minister Liaquat Ali Jatoi has said Bahrain offers great scope for auto-spare parts, heavy machinery units, sugar and cement plants, automobile items and other industrial goods being... NWFP to take up hydel profit issue with PM PESHAWAR, March 7: The NWFP government will take up the issue of non-payment of net hydel profit by Wapda and the National Finance Commission (NFC) related issues confronting the province with... Rs44.452bn refunded in July-Feb ISLAMABAD, March 7: The payment of refund/rebate to exporters has declined by more than 10.84 per cent to Rs44.452 billion during July-Feb 2002-03 against Rs49.861 billion last year, official statistics released... Opec plan VIENNA, March 7: Opec is working on a “contingency plan” to provide for shortages on the oil market if there is a war with Iraq, a source close to Opec said... Weekend selling brings index down by 31.29 points KARACHI, March 7: Shares on Friday ran into weekend selling as retailers and short-term dealers took profits at the available margins but the trading lacked any special feature. The index fell... Clariant Pakistan KARACHI, March 7: Clariant Pakistan Limited is scheduled to hold its annual general meeting on March 28, at the company’s registered office in Karachi. One of the important items on the... Bullish trend continues on cotton market KARACHI, March 7: Cotton market on Friday maintained bullish trend as ginners remained in full control of the situation and were not inclined to liquidate their long positions in a haste.... SECP checklist for NBFI directors ISLAMABAD, March 7: The Securities and Exchange Commission of Pakistan (SECP) has prescribed a checklist to be filled in by the secretary/chief executive officer of all the non-bank financial institutions (NBFIs)... Membership suspended LAHORE, March 7: The Lahore Stock Exchange (LSE) on Friday suspended the membership rights of one of its corporate members, S.H. Bokhari, for failing to pay its Clearing House dues.... Karachi Port operations KARACHI, March 7: Six ships carrying chemicals, containers and general cargo are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... US textile package ISLAMABAD, March 7: The National Assembly was informed on Friday that US has offered a $143 million market access to Pakistani businessmen in 12 items under Textile Apparel Market Access Package... Oil exhibition KARACHI, March 7: Secretary of the Ministry of Petroleum and Natural Resources, Mr Abdullah Yousuf, on Friday said POGEE should now become a regular national event in order to encourage the... Free trade pact COLOMBO, March 7: Commerce ministers from five countries around the Bay of Bengal Friday called for a free-trade pact to boost regional economic cooperation. The ministers from Bangladesh, India, Myanmar, Sri... Oil prices up LONDON, March 7: Oil prices hurtled higher again on Friday as the United States and Britain set a March 17 ultimatum for Iraq to disarm or face war. Brent crude futures... Euro advances to new 4-year peak against dollar LONDON, March 7: The euro advanced to a new four-year peak against the dollar on Friday as fears about an imminent war rose after Washington ratcheted up the pressure on Iraq....

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