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April 16, 2003 Wednesday Safar 13, 1424 Banks run short of Rs50-100 notes KARACHI, April 15: Currency notes of Rs50 and Rs100 denominations have again started disappearing mysteriously causing an acute short supply on bank counters and in the ATMs.... PSF prices fall by 21pc in two weeks KARACHI, April 15: Prices of Polyester Staple Fibre (PSF) in the local market have plunged 21 per cent in two weeks, from Rs80 per kg (excluding GST) at the start of... Japan links investment to peace, stability KARACHI, April 15: The Japanese ambassador Minoru Shibuya has pointed out that political and security concerns along with tension between Pakistan and India are major hurdle to growth of trade and... Incentive package for EPZs planned ISLAMABAD, April 15: The government plans to announce an incentive package and modernize export processing zones (EPZs) to attract investment.... Oil prices up LONDON, April 15: Oil prices edged up on Tuesday as expectations of a resumption of Iraqi crude exports were cancelled out by the prospect of an output cut by Opec.... Stocks mix as investors play on both sides KARACHI, April 15: Stocks on Tuesday turned mixed as investors played on both sides of the fence indulging in alternate bouts of buying and selling apparently preparing for a big onward... SARS hits textile exports to Hong Kong LAHORE, April 15: The US invasion of Iraq might not have affected Pakistan’s foreign trade, but the SARS (Severe Acute Respiratory Syndrome) scare is certainly hurting its basic textiles (yarn and... Bush seeks $550bn tax cut WASHINGTON, April 15: President George W. Bush turned his attention from Iraq to the struggling US economy Tuesday, insisting that Congress should pass at least 550 billion dollars in tax cuts.... Paper merchants call off strike KARACHI, April 15: Paper merchants called off their strike on Tuesday afternoon on the intervention and assurance of Karachi Chamber of Commerce and Industry president Mian Nasser Hyatt Maggo.... BoI placed under privatization ministry ISLAMABAD, April 15: The Board of Investment (BoI) has been placed under the Ministry of Privatization and it would no more be working under the Ministry of Industries and Production.... Punjab food security plan from next crop LAHORE, April 15: The Food Security through Crop Maximization Programme in Punjab, funded by the federal government to the tune of about half a billion rupees, would be in full swing... Cotton market lacks lustre KARACHI, April 15: Cotton market on Tuesday lacked normal trading interest as spinners again withdrew to the sidelines leaving ginners guessing how to react to prevailing psychological warfare between them.... Steps under way to ensure high quality cotton ISLAMABAD, April 15: The government has launched a programme for production of contamination free cotton to boost country exports and meet the growing challenges of the international market.... Opec chief vows to stabilize market PARIS, April 15: Opec president Abdallah Ben Hamad Al Attiya, in Paris for the fourth international summit on petroleum and gas, has declared that the biggest task ahead for him this... Release of refunds ordered ISLAMABAD, April 15: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar, has asked the Central Board of Revenued to immediately release the withheld refunds to complainants.... Karachi Port operations KARACHI, April 15: Nine ships carrying containers, crude oil, high speed diesel and to load rice are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Drawback allowed ISLAMABAD, April 15: The Central Board of Revenue has allowed exporters to claim duty drawback on export of safety helmet aimed at boosting its exports.... EPB chief to visit Kuwait KUWAIT CITY, April 15: Pakistan’s Export Promotion Bureau chairman Tariq Ikram is due to arrive here on Friday on a two-day official visit to discuss with Kuwaiti officials mutual trade relations... Dollar higher against yen LONDON, April 15: The dollar gained ground against other major currencies Tuesday on hopes of more positive news from a series of upcoming US corporate earnings reports, but gains were limited... Potato exporters KARACHI, April 15: Potato exporters may get a subsidy of 75 paisa per kg to compete with Indian potato, which has cut price in the international market....

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