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April 13, 2003 Sunday Safar 10, 1424 Planners eye $11.5bn export target: 2003-04 KARACHI, April 12: The government planners are considering to set an export target of 11.5 billion dollars for next fiscal year, which would be a little more than a billion dollars... Non-priority expenditure may be cut by Rs24bn ISLAMABAD, April 12: The government is expected to cut non-priority expenditure by Rs24 billion to offset the impact of Iraq war on economy.... Inflation rises by 3.39pc in nine months ISLAMABAD, April 12: Inflation (Consumer Price Index) increased by 3.39 per cent during the first nine months of 2002-03, over the same period of previous year, according to monthly review of... Land route accord ISLAMABAD, April 12: Pakistan has formally sent a request to the Chinese government for revival of land route agreement, well-placed sources told Dawn on Saturday... Family culture in a corporate world KARACHI, April 12: Over the years, the big industrial groups created by the first generation of entrepreneurs have virtually disintegrated by splits within families, loss of East Pakistan and by nationalization... Badla rates fall to 8.2pc KARACHI, April 12: The activity on the carryover market is picking up progressively for the second week in a row as investors are not inclined to miss the rising share market... Customs collection increases by 52pc KARACHI, April 12: The overall revenue collection at import stage increased by 20 per cent, but the revenue at customs stage recorded a fabulous rise of around 52 per cent during... No Iraqi oil exports before June NICOSIA, April 12: There is little chance of Iraq resuming crude oil exports before June despite the industry emerging relatively unscathed from the US-led war, the Middle East Economic Survey (MEES)... Heavy forward selling of export bills continues KARACHI, April 12: Exporters discounted more than $100 million export bills on net basis in the first eight months of the current fiscal year and top bankers say the practice goes... NY cotton futures slightly higher on fund buying NEW YORK, April 12: NY cotton futures ended slightly higher Friday, with brokers saying back months were amply supported by fund and options-related buying which may spill over into the following... Oil price swings up in late trading NEW YORK, April 12: Oil prices turned higher in late trade on Friday after signals from within Opec that the cartel could remove up to two million barrels per day from... Edible oils bill jumps by 55.62pc ISLAMABAD, April 12: Import bill of edible oils jumped by 55.62 per cent to $434.48 million (Rs25.5 billion) in July-March, 2002-03, as compared to corresponding period of previous year thus raising... US stocks drop on earnings NEW YORK, April 12: Stocks slipped on Friday for the third time in four sessions as worries about the US economy and corporate earnings took the shine off surprisingly strong readings... Microsoft files counter-claim SEATTLE, April 12: Software giant Microsoft Corp. said on Friday it has filed a complaint against Lucent Technologies Inc. to counter claims by Lucent that Microsoft’s hardware partners were infringing on... Dollar gets modest lift NEW YORK, April 12: The dollar got a modest lift on Friday from a positive set of figures on the US economy in a market still cautious about the near-term outlook... Murky economic outlook dampens optimism NEW YORK, April 12: Global financial markets struggled Friday despite strong economic data from the United States, with no sign of a significant victory rally in the wake of the fall... World oil prices slide in London LONDON, April 12: The downfall of the Iraqi regime bore down on world oil prices this week on the prospect of a resumption of crude exports from the country.... Cotton market resists fresh decline KARACHI, April 12: Cotton market on Saturday resisted fresh decline as a section of spinners resumed covering purchases hoping the resumption of normal foreign trade after the end of the Iraq... Recovery of dues: CBR fails to get approval a ISLAMABAD, April 12: President General Pervez Musharraf has rejected a representation of the Central Board of Revenue seeking an approval for the recovery of outstanding dues from... Single document declaration system ISLAMABAD, April 12: The Central Board of Revenue (CBR) has decided to introduce a single document declaration system at all customs collectorates for speedy clearance of cargo aimed at facilitating trade...

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