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| March 19, 2003 | Wednesday | Muharram 15, 1424 |
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21m tons wheat output likely
ISLAMABAD, March 18: The Economic Coordination Committee of the Cabinet (ECC) was informed on Tuesday that the country is likely to have 21 million tons of wheat this year, thanks to... 
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FDI goes up by 148pc in eight months
ISLAMABAD, March 18: The Foreign Direct Investment (FDI) has registered an increase of 148 per cent to $630.07 million in July-February against $254.5 million during the same period of last year,...
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Cost & benefit analysis advised in M&A activity
KARACHI, March 18: Pharmaceutical and banking sectors are the pioneers of Mergers & Acquisitions in Pakistan, the concept having caught on from a global trend, but are M&A successful or do...
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Monetary board takes up costly debt pre-payment
ISLAMABAD, March 18: The Monetary and Fiscal Policies Coordination Board on Tuesday reviewed the overall economic situation in general and monetary policy developments in particular, and noted with satisfaction the overall...
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BoI being reshaped
LAHORE, March 18: The government is reconstituting the Board of Investment (BoI) in the coming weeks to include the prime minister and chief ministers of the four provinces in it....
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Stocks bounce back on active short-covering
KARACHI, March 18: Stocks on Tuesday bounced back from the overnight lows followed by active short-covering in most of the pivotals but analysts fear the snap rally could be deceptive in...
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SNGPL sees Rs25bn rise in revenue
PESHAWAR, March 18: The annual revenue of the Sui Northern Gas Pipeline Limited (SNGPL) will improve by Rs25 billion from the existing Rs50 billion following the start of gas supplies from...
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$2.874bn remitted in July-Feb
KARACHI, March 18: The State Bank said on Tuesday foreign exchange inflows through banks rose to $2.874 billion in the first eight months of the current fiscal year from $1.399 billion...
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Demand for imported Chinese bikes rises
KARACHI, March 18: Imported Chinese bikes have started finding their way into the markets and consumers have now become a bit crazy to buy these bikes despite the fact that it...
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Banks, DFIs restructure Rs28bn NPLs
LAHORE, March 18: The state-owned banks and DFIs have rescheduled/restructured 175 non-performing loans (NPLs) involving an outstanding default amount of Rs28 billion during the last two years on the intervention of...
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Oil prices fall by $3
LONDON, March 18: Oil prices plunged on Tuesday as expectations grew among traders that a looming war in Iraq would be won swiftly and without significant supply shortfalls on world markets....
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15pc GST on bricks, blocks under study
ISLAMABAD, March 18: The government is considering a proposal to levy 15 per cent General Sales Tax (GST) on bricks and cement blocks from the next financial year....
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British firms ready to invest in Sialkot EPZ
SIALKOT, March 18: The British Deputy High Commissioner, David Pcarcy on Tuesday underlined the need of joint ventures between United Kingdom and Pakistan. The United Kingdom and Pakistan, he said, were...
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Prices rise on cotton market
KARACHI, March 18: Cotton prices on Tuesday rose further as fears of a possible pressure on ready supplies kept spinners and mills at their toes all the time, but unlike the...
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Gold falls by Rs55 in local market
KARACHI, March 18: Following the international market trend, the price of gold in the local bullion market Tuesday slipped by Rs55 at Rs6447 per 10 grams (tezabi)....
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UBL signs financing accord
KARACHI, March 18: United Bank Ltd would provide banking services to Sweetwater International and Sweetwater Pakistan (Pvt) Ltd (SPPL) for provision of sweet water pumps to the agriculture sector....
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Pakistan offers $5m loan to BD
ISLAMABAD, March 18: Pakistan would extend $5 million soft-term loan to Bangladesh to expand and modernize its sugar industry....
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Karachi Port operations
KARACHI, March 18: Four ships carrying crude oil, containers and general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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LSE member declared defaulter
LAHORE, March 18: The Lahore Stock Exchange (LSE) on Tuesday declared its corporate member, S.H. Bukhari Securities (Pvt) Ltd, as a defaulter under its Articles of Association....
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Terminal for kinoo export
FAISALABAD, March 18: Faisalabad Dry Port Trust (FDPT) would set up an export terminal at Sargodha to facilitate kinoo exporters, said Hafiz Muhammad Anees, collector customs, Faisalabad....
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