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| April 4, 2003 | Friday | Safar 1, 1424 |
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New policy board for BoI this month
ISLAMABAD, April 3: The government has decided to reconstitute 27-member new policy board for the Board of Investment (BoI) within this month to accelerate the local and foreign investment.... 
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SECP, SBP to settle Engro takeover issue
KARACHI, April 3: The first of the two ‘hostile takeover’ bids ever witnessed in the country’s corporate history, looks to have been averted — at least for the time being —...
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Defective ST refund system hitting export
KARACHI, April 3: A large number of stuck-up sales tax refund claims amounting in billions of rupees are crippling export trade as many exporters faced with acute liquidity problem find it...
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Rs24bn proposed for water sector in next budget
ISLAMABAD, April 3: The federal government on Wednesday kicked off budget making exercise with estimates that water sector allocations would be enhanced by around 150 per cent (from Rs10 billion to...
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Wheat procurement
ISLAMABAD, April 3: Ministry of Food, Agriculture & Livestock (MINFAL) has arranged close monitoring of the procurement of 5.3 million tons of wheat, Secretary Salik Nazir told Dawn here on Thursday....
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Eight EoIs received for FESCO sell-off
ISLAMABAD, April 3: The Privatization Commission has received expressions of interest (EoIs) from eight parties to secure the management control of Faisalabad Electric Supply Company (FESCO)....
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Oil prices rise on supplies’ worries
LONDON, April 3: Oil prices rebounded on Thursday after recent falls, with optimism at the rapid US advance towards Baghdad tempered by continued concerns about the outlook for Iraqi and Nigerian...
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Gold price 4-month low
LONDON, April 3: Gold prices dropped to their lowest in nearly four months in Europe on Thursday as US troops continued towards Baghdad....
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‘Tax laws inoperative in tribal areas’
KARACHI, April 3: The Chairman of the Central Board of Revenue (CBR), Riaz Ahmad Malik, has said that the tax laws remain inoperative in the tribal and Northern areas of the...
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Shaukat to open SAFA conference
KARACHI, April 3: The South Asian Federation of Accountants (SAFA) conference 2003 would be held on May 2 and 3 in Karachi....
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Stocks fail to extend overnight run-up
KARACHI, April 3: Stocks on Thursday failed to extend the overnight run-up as investors took profits on the overvalued counters followed by reports of Indian threat of preemptive attack to stop...
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Prices ease on cotton market
KARACHI, April 3: Cotton prices on Thursday eased modestly as a section of ginners unloaded their long positions at the lower levels followed by rumours of higher than market expectation arrivals...
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NWFP cash balance turns negative
PESHAWAR, April 3: The NWFP government’s cash balance has gone into negative for the first time after three years due mainly to heavy shortfall recorded in its receipts’ head of net hydel profit during the...
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KCCI for reserves utilization to develop SMEs
KARACHI, April 3: The Karachi Chamber of Commerce and Industry (KCCI) has suggested that the State Bank should dish out $2 billion from reserves for industrial development, particularly for small and...
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Karachi port operations
KARACHI, April 3: Four vessels carrying containers, crude oil and to load naphtha are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Sales tax on parlours, laundries clarified
ISLAMABAD, April 3: The Central Board of Revenue has clarified that general sales tax (GST) will be levied on services provided by beauty parlours, laundries and dry cleaners at the retail...
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US services industry shrinks
WASHINGTON, April 3: The vast US services sector, struck by fear in the run-up to war in Iraq, shrank in March for the first time in more than a year, an...
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Cotton arrival declines
MULTAN, April 3: The cotton arrival at the ginneries for the year 2002-03 decreased by 4.33 per cent as compared to total production of last year....
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Dollar higher against leading currencies
LONDON, April 3: The dollar higher against other leading currencies on Thursday as US-led forces moved into the outskirts of Baghdad, assuaging concerns about the risk of a prolonged war in...
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Palm oil futures
KUALA LUMPUR, April 3: Malaysia’s palm oil futures were steadier at the close on Thursday, rebounding from early lows on the back of heavy speculative buying, traders said....
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