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March 9, 2003 Sunday Muharram 5, 1424 Construction, SMEs to get prime focus in next budget KARACHI, March 8: The government will focus on promotion of construction industry and small and medium size business enterprises in the next budget to stimulate economic growth, create job opportunities and... Ishrat for closer trade ties with France KARACHI, March 8: Appreciating France for siding with those who could not raise voice, the governor State Bank Dr Ishrat Hussain has called for closer technological cooperation between Pakistan and France.... Iraq war fears cloud eurozone economies BRUSSELS, March 8: Eurozone economies took another battering on Friday as the European Commission threatened France with disciplinary action for breaching the bloc’s strict financial stability rules and euroland finance chiefs... PTCL, PIA, UBL sell-off thru bourse planned ISLAMABAD, March 8: The Privatization Commission here on Saturday decided to disinvest shares of some major public sector enterprises, including the PTCL, the PIA and the National Bank, through the stock... Small savers irked by deposit rate cuts KARACHI, March 8: Savers are scurrying around to see where they can get a suitable return on their savings as the return on bank deposits continue to fall.... Investors’ concerns about political set-up KARACHI, March 8: The apparent improvement in investment sentiment “remains fragile — as well as hostage to the investor anxiety” about political transition in the aftermath of October 2002 elections, say... Dutiable imports up by 11.48pc ISLAMABAD, March 8: The value of dutiable imports was up by 11.48 per cent to Rs280.587 billion during the July-February period of the current financial year against Rs251.710 billion during the... Property prices in DHA, Clifton rise by 30pc KARACHI, March 8: The city’s most posh areas — Defence Housing Authority (DHA) and Clifton — have attracted a wide spectrum of investors, particularly after the 9/11 incident and introduction of... Carryover market faces surplus liquidity KARACHI, March 8: The local carryover market is facing a problem of massive surplus liquidity after the badla rates fell to an all-time low to 5.7 per cent last week signalling... Wheat output seen at 20.7m tons this year ISLAMABAD, March 8: The country is expected to harvest a bumper wheat crop of 20.7 million tons this year, one million tons more than last year’s 19.7 million tons, federal Food... NY cotton futures end at 2-year peak NEW YORK, March 8: NY cotton futures galloped to settle Friday at a 2-year zenith on steady fund and options-linked buying, with key May expected to pierce the 60-cent psychological target... World Bank seeks increased water aid for poor nations WASHINGTON, March 8: The World Bank said on Friday that if the challenge of halving the number of people without access to water for everything from drinking to irrigation is to... SPI shows increase ISLAMABAD, March 8: Sensitive Price Indicator moved up by 0.08 per cent during the week ending March 6, 2003, as compared to previous week, according to the weekly price data released... Biryani Festival postponed KARACHI, March 8: The Rice Exporters Association of Pakistan (REAP) has postponed ‘Biryani Festival’ as a mark of protest against the delay “caused by Pakistan’s Commercial Secretary to South Africa.” The... ‘Free trade deals vital for ASEAN survival’ SINGAPORE, March 8: Free trade agreements are vital for the Association of Southeast Asian Nations (ASEAN) to maintain its relevance under the lengthening economic shadows of giant neighbours China and India,... Transfers, postings ISLAMABAD, March 8: The Central Board of Revenue has transferred and posted eight collectors of customs and excise group, said a customs notification issued on Saturday.... Rice higher CHICAGO, March 8: Chicago Board of Trade rice futures settled higher on Friday as light local short-covering drove most active May to a one-week high, traders said.... NY sugar futures up NEW YORK, March 8: CSCE world raw sugar futures settled with fractional gains Friday on trade and speculative buying in subdued dealings, with more sideways action expected next week, brokers said.... Chinese firm buys stake in Kazakh oil field BEIJING, March 8: China’s largest oil producer, the China National offshore Oil Corp. (CNOOC), said on Saturday it would pay $615 million to Britain’s BG Group for a stake in an... US stocks close up as Iraq deadline stirs hopes NEW YORK, March 8: Stocks closed slightly higher on Friday, as a March 17, deadline for Iraq to meet disarmament demands or face war fed investor hopes for resolution to a...

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