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| April 17, 2003 | Thursday | Safar 14, 1424 |
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Remittances cross $3bn mark in nine months
KARACHI, April 16: Workers remittances or money sent back home by overseas Pakistanis shot up to $3.10 billion in July/March 2002/03 up 101 per cent from $1.54 billion remitted in a... 
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Two cement cos asked to transfer shares
KARACHI, April 16: The Securities and Exchange Commission of Pakistan (Enforcement & Monitoring Division) has directed Pakland Cement Limited and Saadi Cement Limited to transfer and deliver shares lodged with the...
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Interest revives in private power sector
ISLAMABAD, April 16: Flagging power sector has received a shot in the arm from 10 companies interested in building plants, a government official told Reuters on Wednesday....
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Lapidary made cottage industry
ISLAMABAD, April 16: The federal government has declared lapidary as a cottage industry with a target to increase gemstone and precious stone annual export from $12 million to $1 billion by...
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Fertilizer units
LAHORE, April 16: The government plans to set up two fertilizer production units in the Punjab and Sindh to overcome shortage of chemical fertilizers during kharif....
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Stocks stage robust rally amid broad-based buying
KARACHI, April 16: Stocks on Wednesday staged a robust rally as leading investors were back in the market after having an overview of their portfolios but unlike the previous sessions the...
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1-year TBs yield falls slightly
KARACHI, April 16: The yield on one-year treasury bills fell slightly on Wednesday as the State Bank sold Rs24.4 billion worth of these bills to mop up Rs23.8 billion from a...
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HBL to reduce mark-up on paddy
LARKANA, April 16: The president, Habib Bank Limited, Dr Zakir Mehmood on Wednesday said that the bank would reduce mark up rate on paddy and rice from 46pc to 38pc from...
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LSE shifts to new version of ISO
LAHORE, April 16: The Lahore Stock Exchange has switched to the new version of ISO 9001 and 2000 standards after the inclusion of three more departments in the scope of the...
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Opec invites Saddam oil minister
LONDON, April 16: Opec has invited Saddam Hussein’s oil minister, featured on Washington’s most-wanted list, to a meeting of the cartel in Vienna next week....
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Gold drops
LONDON, April 16: Precious metals markets fell back in European trading on Wednesday with palladium slumping to six-year lows on a grim demand outlook for the metal. Palladium, used mainly as...
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Facility for KAPCO
KARACHI, April 16: State-run Habib Bank is providing private power producer Kot Addu Power Company (KAPCO) with Rs1 billion working capital facility. The two sides signed an agreement to this effect...
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Pakistan offers wheat at $130 to Bangladesh
KARACHI, April 16: Pakistan is likely to sign a deal by next week to supply Bangladesh with 100,000 tons of wheat at $130 per ton, an official from Pakistan Agriculture Storage...
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SMART handed over to EPA
KARACHI, April 16: The Provincial Module of Self-Monitoring and Reporting Tool (SMART), a software developed for management of reports generated by the industries under self-monitoring programme, has been handed over to...
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Notices issued to unregistered jewellers
ISLAMABAD, April 16: The Central Board of Revenue (CBR) has issued more than 2500 notices to unregistered jewellers across the country....
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Prices rule firm on cotton market
KARACHI, April 16: Cotton prices on Wednesday remained stable around the previous levels but prices did not fall despite the absence of leading spinners and mills from the market....
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ST facilitation centres
ISLAMABAD, April 16: The International Monetary Fund (IMF) has recommended to Central Board of Revenue (CBR) to establish sales tax facilitation centres....
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High prices halt rice exports
KARACHI, April 16: Pakistani rice prices edged higher this week on depleted stocks, which had halted exports, traders said on Wednesday. They said falling stocks had forced local rice dealers to...
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Dollar under pressure
LONDON, April 16: The dollar came under pressure on Wednesday, particularly against the euro, as dealers fretted over US economic fundamentals despite a series of better-then-expected corporate earnings reports....
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Karachi Port operations
KARACHI, April 16: Three ships including Maxim Gorky carrying tourists are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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