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March 14, 2003 Friday Muharram 10, 1424 Exports to US rise by 14.2pc: July-Jan period ISLAMABAD, March 13: The United States accounted for nearly one-quarter (24.6 per cent) of the total export earnings of Pakistan during the period July-January 2002-03, according to the foreign trade figures... Little progress made on key topics: WTO agenda NEW DELHI, March 13: EU Trade Commissioner Pascal Lamy on Thursday called for a narrowing of differences between developed and developing countries on trade, investment and market access, to ensure success... Saudi Arabia to pump more oil in case of war MOSCOW, March 13: Saudi Oil Minister Ali al-Naimi said on Thursday he was confident that Opec and Saudi Arabia would deliver more oil in case of war in Iraq.... NWFP set to miss Rs3.6 billion PORs target PESHAWAR, March 13: NWFP is all set to miss the annual Rs3.6 billion provincial own receipts (PORs) target for the financial year 2002-03, making it difficult for the MMA-led provincial government... European stocks surge LONDON, March 13: European stocks leaped on Thursday, reversing steep losses seen a day earlier as speculation about whether a war in Iraq is imminent triggered wild swings in share prices.... Asian cos to vie for slice of post-war Iraq rebuilding BANGKOK, March 13: Asia-Pacific building firms, among the first into Kuwait after the 1991 Gulf war, will fight over valuable scraps of reconstruction work in post-war Iraq.... ECB hints at further rate cuts FRANKFURT, March 13: The European Central Bank raised the prospect of further cuts in interest rates on Thursday, warning in its monthly report that economic growth in the 12-member eurozone will... CBR plans to expand LTU client base ISLAMABAD, March 13: The Central Board of Revenue (CBR) has decided to establish a distinct client selection criteria for expanding the client base of the Large Taxpayers Unit (LTU), Karachi, from... US retail sales tumble in February WASHINGTON, March 13: Iraqi war fears and a icy winter blast sent February retail sales into the steepest plunge since the aftermath of the September 11 attacks, the government said on... 14 steering committees set up ISLAMABAD, March 13: The Central Board of Revenue (CBR) has constituted steering committees for carrying out evaluation and analysis for organizational re-structuring of tax administration to enhance the performance of tax... EU experts discuss oil supply BRUSSELS, March 13: European Union national energy experts meeting on Thursday discussed what actions they might take in the event of an oil supply drop due to a Middle East conflict,... Japan unveils plan to boost stock market TOKYO, March 13: Japan’s financial watchdog unveiled a plan on Thursday aimed at boosting weak stock prices and averting a financial crisis but shares dropped further and analysts dismissed the measures... Russia delays decision on oil pipeline MOSCOW, March 13: Russia has postponed until May 1 a decision on whether to route an eastern oil pipeline from its vast Siberian reserves to China or to the Pacific coast... US labour market remains stagnant WASHINGTON, March 13: The ranks of US workers lining up for first-time jobless benefits thinned a bit last week but remained at levels suggesting a still stagnant labour market, a government... Saudi shares fall RIYADH, March 13: Saudi shares dipped on Thursday for the third week in a row over jitters of a threatened US war against neighbouring Iraq that has severely shaken investor confidence,... Asian shares slip on war fears TOKYO, March 13: Asian share prices were mostly modestly lower on Thursday as nervous investors took profits from the previous day’s brief rally or stayed away altogether as Iraq war clouds... HK firms see good prospects at Cebit FRANKFURT, March 13: Hi-tech groups from Hong Kong at the world’s biggest technology fair, the Cebit in Germany, are ignoring industry gloom and trying to put their stamp on the telecommunications... Budget measures HONG KONG, March 13: The Hong Kong government’s budget strategy announced last week will help significantly plug the deficit gap over the next 3-4 years if implemented fully, global rating agency... Palm oil prices fall amid slow trade KUALA LUMPUR, March 13: Malaysian palm oil futures closed mostly lower in sleepy trade on Thursday, unable to sustain earlier gains because of weak fundamentals, traders said.... Indian rupee flat MUMBAI, March 13: The Indian rupee ended flat on Thursday despite continued exporter inflows as domestic oil companies, which don’t hedge in the forward market in a big way, had to...

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