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April 1, 2003 Tuesday Muharram 28, 1424 Shipping cos impose war risk surcharge KARACHI, March 31: In a major move, the shipping companies have imposed with immediate effect war risk surcharge (WRS) on vessels operating in the Gulf ports. They have also announced raise... 8 more items allowed under ATT ISLAMABAD, March 31: Pakistan has allowed Afghanistan to import eight more banned items including cotton yarn and polyester under Afghan Transit Trade (ATT) arrangements.... WTO fails to reach consensus on modalities: Farm tariff cut GENEVA, March 31: The 145-member WTO countries failed here on Monday to develop consensus on modalities for cutting tariffs and subsidies on agriculture products to facilitate trade among developing and developed... Petrol prices cut by Rs3.84 KARACHI, March 31: The Oil Companies Advisory Committee (OCAC) has slashed the prices of petrol by Rs3.84 per litre besides reducing prices of all products by Rs2.31 to Rs3.79 per litre.... Pakistan may put off investment conference KARACHI, March 31: The government may put off the proposed international investment conference scheduled on April 19-20 to some “right time”, Prime Minister’s Adviser on Privatization and Investment Dr Hafeez Sheikh... TFC issues touch Rs28bn mark KARACHI, March 31: The total amount of listed Term Finance Certificates (TFCs) is understood to have touched Rs28 billion by the end of third-quarter of the current financial year, on Monday.... July-March collection stands at Rs309.2bn ISLAMABAD, March 31: The Central Board of Revenue has claimed that it will meet the revenue target for the first nine months of the year. Hitherto, Rs309.2 billion have been reported... Dubai gold trade hit by Iraq war DUBAI, March 31: Demand for gold in Dubai has become even more subdued with the start of war in Iraq as fewer foreigners head to the emirate, the Gulf’s tourism hub,... Leather export target KARACHI, March 31: A joint meeting of the Export Promotion Bureau (EPB) and the Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) has lowered the export target for 2002-03 of leather,... Stocks shed 28 points on profit selling KARACHI, March 31: Stocks on Monday took a technical breather as a section of investors indulged in profit-selling at the higher levels but analysts said it could well prove a consolidation... Banks need to explore new avenues of financing LAHORE, March 31: The future of the banking industry in Pakistan lies in exploring the hitherto “unexplored opportunities” in the areas of small and medium industrial sector, agriculture, and consumer financing... Spinners lift all lots below Rs2,650 KARACHI, March 31: Trading on the cotton market on Monday resumed on a brisk note as spinners lifted all the lots offered below Rs2,650 per maund.... Commodity markets MULTAN, March 31: The following are Monday’s upcountry commodity market rates in rupees:... Karachi Port operations KARACHI, March 31: Five ships carrying containers and to load ethanol are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Trade ties with Germany BAHAWALPUR, March 31: German ambassador Dr Christoph Bruemmer has said that there are bright prospects of expanding trade ties between Germany and Pakistan.... BoP okays 17.5pc cash dividend LAHORE, March 31: The Bank of Punjab (BoP) has approved a cash dividend of 17.5 per cent for its shareholders for the year ended on December 31, 2002.... Indian exports NEW DELHI, March 31: India on Monday announced a package of incentives to boost exports in IT software and other industries as the US-Iraq war was dampening demand in major markets.... Dollar slides in London LONDON, March 31: The dollar tumbled on Monday as dealers shuddered at a warning from the United States of worse to come for US-led forces fighting in Iraq.... Palm oil prices down KUALA LUMPUR, March 31: Malaysian crude palm oil futures fell on Monday as fears of a prolonged war in Iraq outweighed bullish exports data.... Inflation BRUSSELS, March 31: Inflation in the 12-member euro zone remained stable in March at 2.4 per cent, the same as the previous month, preliminary figures released Monday by Eurostat showed.—AFP...

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