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| March 28, 2003 | Friday | Muharram 24, 1424 |
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OGRA to Regulate LPG, CNG business
ISLAMABAD, March 27: The government has authorized Oil and Gas Regulatory Authority (OGRA) to regulate the business of liquefied petroleum gas (LPG) and compressed natural gas (CNG) with immediate effect.... 
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Three banks sell stake in Metropolitan Steel
KARACHI, March 27: Three-quarters of the total outstanding shares in Metropolitan Steel Corporation Limited — a stock market listed company — changed hands early this week....
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Pakistan demands market access to developed states: Services sector
GENEVA, March 27: Pakistan has sought greater market access for its services sector to developed countries for enhancing export of services to these countries....
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Iraq war starts hurting trade in Middle East
RIYADH, March 27: The war on Iraq has begun to hurt business throughout the region, and military supplies from the US are clogging shipments....
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US economy grows at 1.4 per cent
WASHINGTON, March 27: Fears of a months-long war in Iraq raised the prospect on Thursday that the US economy may barely skirt a recession in early summer....
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Oil prices up by over $1 on long war fears
LONDON, March 27: Oil prices surged on Thursday as traders worried about the prospect of a long war in Iraq as well as disruption to supplies from Nigeria because of civil...
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IMF warns long war to hit markets
WASHINGTON, March 27: A bogged-down Iraq war would hit gingerly recovering world financial markets hard, the International Monetary Fund warned on Thursday....
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‘Impact of war yet to come’
KARACHI, March 27: The chairman, Export Promotion Bureau (EPB), Tariq Ikram, on Thursday said the impact of Iraq war was minimal on the economy so far, however, it was likely to...
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HBL recovers Rs11 billion NPLs
LAHORE, March 27: The Habib Bank Limited has recovered non-performing loans (NPLs) of Rs11 billion during the last five years....
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Govt to cut car prices
ISLAMABAD, March 27: The prices of cars in Pakistan are being reduced from next month, says Minister for Industries and Production Liaquat Jatoi on Thursday....
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Fed chief for easing curbs on banks
WASHINGTON, March 27: Federal Reserve Governor Mark Olson on Thursday endorsed legislation that would make it easier for banks to open branches in other states....
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Stock market maintains upward drive
KARACHI, March 27: Stocks on Thursday firmly maintained their upward thrust for the third consecutive session as the lure of capital gains did not allow financial institutions to sit on the...
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NWFP revenue receipts, expenditure go up
PESHAWAR, March 27: The NWFP revenue receipts and expenditure grew by 63 per cent and 16 per cent, respectively, during the first six months of the current financial year as compared...
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Trading remains slow on cotton market
KARACHI, March 27: Physical business on the cotton market on Thursday remained slow as spinners were not inclined to bid above their pre-determined rates after taking into account their export parity...
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Settlement of NPLs: CBR urged not to charge tax
LAHORE, March 27: Businessmen have called upon the Central Board of Revenue (CBR) not to charge any tax on the settlements of the non-performing loans (NPLs) under the central bank’s write-off...
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Opec to cut output if price falls below $22
VIENNA, March 27: The Organization of Petroleum Exporting Countries (Opec) could move rapidly to reduce production of crude if the price falls below $22 a barrel, a source close to the...
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Karachi Port operations
KARACHI, March 27: Five ships carrying soyabean oil, fertilizer and containers are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Dollar ends lower
LONDON, March 27: The dollar slid lower against major currencies on Thursday as dealers began to ponder the worrying prospect of the war in Iraq dragging on bloodily for several months....
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Indian rupee
MUMBAI, March 27: The Indian rupee gained for a third straight day on Thursday on the back of surging capital and trade inflows to end at a level not seen since...
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Palm oil prices
KUALA LUMPUR, March 27: Heavy covering by refiners pushed up Malaysian palm oil futures on Thursday as worries about shipments to the Middle East subsided, traders said....
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