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| May 7, 2003 | Wednesday | Rabi-ul-Awwal 4, 1424 |
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WB not to cancel $56m tranche for GBHP: Notice withdrawn
ISLAMABAD, May 6: The World Bank on Tuesday withdrew its notice to cancel $56 million next tranche for Ghazi Barotha Hydropower Project (GBHP) on resolution of its disputes on corruption related... 
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1pc warehouse levy on edible oil to go
ISLAMABAD, May 6: The federal government has agreed to exempt import of edible oil imported by the Vegetable Ghee Manufacturers from one per cent warehousing charges and to extend sales tax...
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Wapda opposes competitive trading regime: Generation licence case
ISLAMABAD, May 6: The Wapda on Tuesday opposed a Competitive Trading Arrangements (CTA) regime for electricity till the expiry of 25-year power purchase agreements (PPAs) signed with the Independent Power Producers...
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Pakistan seeks higher yen credit
ISLAMABAD, May 6: Finance Minister, Shaukat Aziz in a meeting with Shun Imaizumi, Chairman Pak-Japan Association who called on him this afternoon, emphasized on enhanced yen credit for increasing Japanese investment...
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Millers for export of 0.5m tons sugar
ISLAMABAD, May 6: The Pakistan Sugar Mills Association (PSMA) has estimated around 900,000 tons of surplus sugar currently lying in the country and has proposed that at least 500,000 tons should...
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Saif Zone offers special incentives
KARACHI, May 6: Deputy Director General, Sharjah Airport International Free Zone (SAIF), Sheikh Saqer Bin Rashid Al- Qassemi has said that the zone will give a special discount of 10 per...
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No more freight subsidy for UAE, Yemen
KARACHI, May 6: The Export Promotion Bureau (EPB) has removed the name of UAE and its component states as well as of Yemen from the list of freight subsidy scheme....
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Pakistan, Iran business council
KARACHI, May 6: The chairman, Pakistan-Iran Business Council, Tariq Saeed has said that the council’s joint business meeting will be held in Tehran on June 2....
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Sapphire Textile Mills
KARACHI, May 6: Two of the announcements made at the Karachi Stock Exchange on Monday, pertained to inter-corporate investment by Sapphire group of companies into an associated company....
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Leading scrips resort to active profit-selling
KARACHI, May 6: Stocks on Tuesday turned mixed as leading shares came in for active profit-selling at the higher levels but the broader market performed credibly well thanks to active support...
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CED collection from beverages declines
ISLAMABAD, May 6: The central excise duty (CED) collection from beverages has witnessed a fall by more than 16 per cent in three quarters....
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Cotton market lacks lustre
KARACHI, May 6: Cheerless trading conditions were witnessed on the cotton market on Tuesday as both spinners and mills again kept to the sidelines anticipating further decline in world prices....
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GST on pesticides may be cut to 15pc
ISLAMABAD, May 6: The government is likely to reduce the general sales tax (GST) from 18 per cent to 15 per cent on pesticides as part of reducing the cost of...
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PGD may be extended
KARACHI, May 6: The Central Board of Revenue (CBR) plans to extend the Pakistan Goods Declaration (PGD) to other collectorates from July this year....
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Senator to raise PHMA problems with govt
KARACHI, May 6: Senator Ahmed Ali has assured to take up all the issues confronting hosiery and knitwear exports with the government and in the Senate....
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Arrangements for Pesco privatization
PESHAWAR, May 6: Peshawar Electric Supply Company (Pesco) has appointed a financial advisor to prepare it for privatization, said its chief executive Brig Tahir Saeed Malik while speaking at Peshawar Press...
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Banks asked to invest in IT sector
KARACHI, May 6: Federal Minister for IT and Telecommunication Awais Ahmed Leghari on Tuesday invited banks to invest in Venture Capital for IT and Telecom sectors....
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FTA with Sri Lanka
KARACHI, May 6: High Commissioner of Sri Lanka General C. S. Weerasooriya has said that the framework for free trade agreement (FTA) between the two countries has been signed and now...
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Karachi Port operations
KARACHI, May 6: Four vessels are expected to arrive at the outer anchorage on Wednesday to unload and load containers, according to KPT sources....
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Palm oil prices lower
KUALA LUMPUR, May 6: Malaysian palm oil futures were softer at the close on Tuesday due to bearish April crop data, traders said....
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