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| April 20, 2003 | Sunday | Safar 17, 1424 |
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Sindh too seeks interim NFC award
KARACHI, April 19: Sindh also wants an interim award for resource distribution between the federal and provincial governments and between the provinces before the next budget.... 
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Auto sector sales up by 30-65pc
KARACHI, April 19: The boom period for the entire auto sector continued with sales of bikes, trucks/buses, tractors and light commercial vehicles (LCVs) rising by 30, 65, 18 and 58 per...
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IDB to offer soft loans for road projects
ISLAMABAD, April 19: The Islamic Development Bank (IDB) will offer soft loans to help undertake infrastructure and road projects, Finance Minister Shaukat Aziz said here on Saturday....
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Hafeez woos OIC states’ investors
ISLAMABAD, April 19: Federal Minister for Investment and Privatization Hafeez Sheikh on Saturday said the OIC countries should work collectively to generate economic activities for strengthening their economies....
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IMF wants more autonomy for State Bank
KARACHI, April 19: IMF is not satisfied with the degree of autonomy granted to SBP under the amended SBP Act promulgated in October 2002. Acknowledging that the amendments have strengthened the autonomy of the SBP central board in formulation and conduct of monetary policy,........
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Saudi Pak okays Rs888m financing
ISLAMABAD, April 19: The Board of Directors of Saudi Pak Industrial and Agricultural Investment Company has approved a total financing of Rs888 million to 19 companies in manufacturing, services, pharmaceutical, telecommunication,...
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US seeks Iraqi CEO to head oil board
DUBAI, April 19: Washington is seeking an Iraqi chief executive officer (CEO) to head a multinational board of up to 16 to kickstart post-war Iraqi oil operations, industry sources said on...
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Oil absorbs war impact on ME economy
WASHINGTON, April 19: Lost tourism and trade from the Iraq war have hurt Middle East economies, but windfalls from soaring oil prices have helped, and many will have fast growth this...
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Italy cuts GDP growth forecast
ROME, April 19: Italy finally confirmed on Friday the less-than-rosy outlook most economists see for the euro zone’s third largest economy in 2003, by more than halving its forecast for economic...
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Ford begins car making in China
SHANGHAI, April 19: US auto giant Ford Motor Co has begun making Mondeo cars at its plant in southwestern China and aims to sell 4,000 to 5,000 of the luxury sedans...
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Dollar sidles in tight ranges
NEW YORK, April 19: The dollar meandered against major currencies on Friday, little changed in holiday-thinned trading but moderately supported by the previous day’s rise in US stock prices....
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Bush advisers little hopeful of recovery
WASHINGTON, April 19: President George W. Bush’s advisers are playing down prospects for a postwar economic rebound, and some Republicans fear time is running out for a broad-based recovery ahead of...
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Iraq’s departure to hurt Opec: Iran
TEHRAN, April 19: The possibility of Iraq leaving the Organization of Petroleum Producing Countries (Opec) would not be in the long-term interests of the cartel members, Iran’s Oil Minister Bijan Namadar...
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SABIC profit soars to $372m
RIYADH, April 19: Saudi Arabian industrial giant Saudi Basic Industries Corp (SABIC) said on Saturday its net profits rose 358 per cent to 1.396 billion riyals ($372m) in the first quarter...
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BD exports now face SARS threat after Iraq war
DHAKA, April 19: Bangladeshi exporters heaved a sigh of relief after the war in Iraq proved to be short-lived, reports Dhaka’s financial daily, the Financial Express on Friday....
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France eyes big sub-contracting work in Iraq
PARIS, April 19: Although French companies say they fully expected to be excluded from the attribution of the first contracts for the post-war reconstruction of Iraq, French authorities say they expect...
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India eases rules for foreign investors
MUMBAI, April 19: India’s central bank on Saturday announced a slight easing of the rules under which foreign funds and expatriates are required to seek permission to invest in domestic companies....
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Talk of Opec output cut boosts oil prices
LONDON, April 19: Oil prices rose slightly over the truncated pre-Easter week as expectations of an output cut by the Opec cartel overshadowed the effective end to the US-led war on...
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Vietnam, US seal textiles export limit pact
HANOI, April 19: Hanoi and Washington have agreed to a yearly cap on the value of Vietnam textile and garment exports, the communist country’s second biggest earner....
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Cheerless trading on cotton market
KARACHI, April 19: Cheerless trading conditions were again witnessed on the cotton market on Saturday as spinners kept to the sidelines for the second session in a row apparently awaiting fresh...
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