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March 30, 2003 Sunday Muharram 26, 1424 Govt to frame own economic policies ISLAMABAD, March 29: The government has decided to shape its own economic and monetary policies to largely benefit the common man in the country.... HMC asked to make sugar plants for BD ISLAMABAD, March 29: Industries and Production Minister Liaquat Jatoi has asked the authorities of Heavy Mechanical Complex (HMC) to manufacture sugar plants for Bangladesh.... OCAC price review termed crucial: Govt’s position unlcear KARACHI, March 29: Market players and oil analysts have termed the March 31 fortnightly oil price review by the Oil Companies Advisory Committee (OCAC) as very “crucial.” There is a confusion... SBP issues new guidelines: Money-laundering KARACHI, March 29: The State Bank of Pakistan (SBP) has issued new guidelines for banks here on Friday to prevent use of the banking sector for money-laundering, terrorist financing, transfer of... Difficult times for commercial banks: CORPORATE FOCUS KARACHI, March 29: The commercial banks are going through “extremely difficult times,” and are facing an “enormous challenge to put excess liquidity into loans,” says a leading banker.... Kuwait’s bourse ends down after missile attack KUWAIT, March 29: The Kuwait Stock Exchange (KSE) ended 1.48 per cent down on Saturday at 2,754.7 points amid security fears, renewed by a missile attack against the capital.... BoJ, Japan govt aim at business support plan TOKYO, March 29: The Japanese government and the Bank of Japan (BOJ) are working towards a package of measures to support small and mid-size firms battered by the nation’s poor economy,... US foreign crude steady as Opec raises output NEW YORK, March 29: The US foreign cash crude market was steady on Friday as Opec raised production while civil strife continued to affect exports in Nigeria, traders said.... New York cotton futures mostly firmer NEW YORK, March 29: NY cotton futures settled mostly firmer Friday on modest speculative interest as players said they were tweaking their positions ahead of release of the annual USDA planting... Dollar slips NEW YORK, March 29: The dollar slipped against other major currencies on Friday as markets braced for the possibility of more setbacks in the progress of the war in Iraq over... ‘Germany to raise borrowing’ BERLIN, March 29: Germany is preparing to raise its borrowing this year as the outlook for Europe’s largest economy dims, Spiegel magazine said on Saturday in a report the finance ministry... Traders urge Bush to comply with WTO WASHINGTON, March 29: A leading US business group on Friday urged the Bush administration to comply with a World Trade Organization ruling against hefty US steel tariffs imposed last year to... Japan maintains economic outlook TOKYO, March 29: Japan’s jobless rate fell to 5.2 per cent in February but officials and economists Friday maintained their cautious outlook with the economy only showing weak signs of recovery.... S&P cuts ratings of 4 big US airlines NEW YORK, March 29: Standard & Poor’s late on Friday cut its “junk” credit ratings for the four largest US airlines not under bankruptcy protection, saying the Iraq war is damaging... Oil prices rebound on long war fears LONDON, March 29: Oil prices turned tail and bounded higher this week as initial hopes of a quick end to the war in Iraq faded and concerns mounted about disruption to... Physical business remains at low ebb KARACHI, March 29: Spinners on Saturday took a technical breather and stayed on the sidelines most of the time apparently to have an overview of their inventories before making fresh commitments.... Govt seeking feedback from stakeholders: Import duty on PSF LAHORE, March 29: The government is seeking feedback from the stakeholders on the problems being faced by the textile mills as a result of high protective duty of 20 per cent... Performance of NPCC reviewed ISLAMABAD, March 29: Minister for Water and Power Aftab Sherpao here on Saturday chaired a meeting to review the performance of various projects and activities of National Power Construction Corporation (NPCC).... SPI shows decline of 0.27 per cent ISLAMABAD, March 29: Sensitive Price Indicator (SPI) moved down by 0.27 per cent during the week ending March 27, 2003 as compared to previous week.... AMR near bankruptcy NEW YORK, March 29: AMR Corp., parent of the world’s biggest carrier American Airlines, is fighting to avoid bankruptcy within days as the Iraq war hits traffic, analysts said on Friday....

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