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| May 11, 2003 | Sunday | Rabi-ul-Awwal 8, 1424 |
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Govt losing Rs10bn every year: IPR violations
KARACHI, May 10: The government is losing roughly Rs10 billion direct and indirect revenue every year because of counterfeiting and trade mark infringement.... 
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Key issue of corporate governance
KARACHI, May 10: Should the chairman and chief executive officer (CEO) of a company be two different persons or should a single person be assigned both portfolios, is one of the...
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Employees’ share-ownership spurs productivity
KARACHI, May 10: Employees’ share-ownership spurs productivity and company growth as workers’ interest are aligned with other shareholders. This is borne out by experience in emerging as well as developed markets....
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Badla rates go up
KARACHI, May 10: After having fallen to new lows, the carryover rates rose modestly during the last week followed by reports of about four per cent increase in the KSE 100-share...
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Gold prices surge
KARACHI, May 10: Gold prices in the local bullion market rose to Rs6,545 per 10 grams on Saturday from Rs6,348 on April 30, showing an increase of 3 per cent or...
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Price cut not possible, say auto makers
LAHORE, May 10: Automobile assemblers on Saturday discounted the public hopes of a major cut in car prices, asserting that it was not possible in the existing circumstances....
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Mauritius trade team due next week
ISLAMABAD, May 10: Pakistan and Mauritius will discuss signing of a memorandum of understanding to promote mutual cooperation and expand two-way investment, trade and other forms of industrial cooperation when a...
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Businessmen to visit Kuwait
KUWAIT CITY, May 10: A Pakistani business delegation, headed by Export Promotion Bureau chairman Tariq Ikram, is due to arrive here on May 23-26, to talk to Kuwaiti businessmen and companies...
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Low activity at New Sabzi Mandi
 KARACHI, May 10: The shifting of Sabzi Mandi (Wholesale vegetable & fruit market) from University Road to the Super Highway 22km away from the main city has dashed the buyers’ hopes...
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Machinery imports rise to $2.26bn
ISLAMABAD, May 10: Machinery imports rose by 35.57 per cent to $2.266 billion during July-April 2002-03 over the corresponding period of the last fiscal year, according to foreign trade data compiled...
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2.3m tons wheat procured
ISLAMABAD, May 10: Pakistan Agricultural Supplies & Storage Corporation and the provinces of Punjab and Sindh have so far procured about 2.3 million tons of wheat, against the fixed target of...
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Bush makes early victory claim on tax bill
SANTA FE, N.M., May 10: US President George W. Bush made an early victory claim on Saturday as Congress moved closer to finishing a scaled-back version of his tax cut plan...
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Powell wants Iraqi oil exports flowing within weeks
WASHINGTON, May 10: US Secretary of State Colin Powell on Friday urged the United Nations to quickly end trading sanctions against Iraq, so the country’s crude oil can be exported to...
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Oil up as Opec looks to cut supply again
NEW YORK, May 10: Oil prices rose nearly 3 per cent on Friday as Opec’s president said the producer cartel needed to cut back more supply next month to make room...
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New York cotton futures higher
NEW YORK, May 10: NY cotton settled higher Friday on fresh bouts of trade and speculative buying, with most players still uncertain if the market has put in a bottom after...
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US stocks, bonds rise
NEW YORK, May 10: Stocks rallied on Friday on rosy outlooks from Nvidia Corp. and Intel Corp., and bonds rose slightly for the fifth day in a row on the view...
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Euro takes a breath near four-year high
NEW YORK, May 10: The euro extended a four-year high against dollar on Friday, supported by the yield advantage European assets hold over US assets before investors booked modest profits that...
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Blue Chip economists trim US growth forecast
WASHINGTON, May 10: Private economists trimmed their forecasts for US economic growth still further and now regard even the second half of 2003 with pessimism after a slew of data showed...
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Fed’s Moskow favours modest corporate reforms
CHICAGO, May 10: Chicago Federal Reserve Bank President Michael Moskow on Friday warned against excessive regulation of US corporate governance in the drive for reform, saying the system does not need...
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Oil minister to conclude gas deals: MEES
NICOSIA, May 10: Saudi Oil Minister Ali al-Nuaimi has been given full authority to swiftly conclude the multi-billion dollar Natural Gas Initiative with foreign oil majors, the Middle East Economic Survey...
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