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| May 13, 2003 | Tuesday | Rabi-ul-Awwal 10, 1424 |
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Musharraf assures continuity in policies: Economic reforms
LAHORE, May 12: President Gen Pervez Musharraf on Monday assured the businessmen of continuity in the economic policies and reforms undertaken in last three years, and urged them to set up... 
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Peace moves may invoke foreign investment: Stock business
KARACHI, May 12: Foreign investors may finally be ready to take a look at stock markets now that tensions in the region have eased....
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Pakistan, India business to exchange visits
NEW DELHI, May 12: Indian industry is planning to send a delegation to Pakistan to explore the possibility of strong business ties amid peace moves between the arch-foes, an official said...
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KSE seeks extension in tax rebate: Budget proposals
KARACHI, May 12: The Karachi Stock Exchange on Monday urged the government to extend tax rebate for the listed companies besides other concessions to encourage the listing of the companies with...
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Stock market gives highly erratic performance
KARACHI, May 12: Share values on the Karachi Stock Exchange on Monday remained unsettled as investors were not inclined to take new positions on any of the counters and indulged in...
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Euro at 4-year high against $
LONDON, May 12: The euro surged beyond the 1.16-dollar level on Monday for the first time since January 1999 after US Treasury Secretary John Snow suggested at the weekend that a...
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Auto makers asked to raise output
ISLAMABAD, May 12: Federal Finance Minister Shaukat Aziz has urged auto manufacturers to increase production of vehicles to meet the rising demand in the country....
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FPCCI for changes in FTO Ordinance
KARACHI, May 12: The Managing Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested various amendments to the Federal Tax Ombudsman Ordinance....
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Advisory body for economic revival
ISLAMABAD, May 12: The federal government on Monday constituted a six-member advisory council to recommend measures for economic revival and expansion of country’s industrial sector....
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MCB Islamic banking
KARACHI, May 12: The Muslim Commercial Bank has finally received a licence to open the first dedicated Islamic banking branch at Shaheen Complex....
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Economic impact of Sars played down
BASEL (Switzerland), May 12: Central bankers on Monday played down the likely impact of the outbreak of Sars on Asian economies and said they could see the first buds of a...
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Prospects dim for India, Pakistan: Wheat deals with Egypt
SINGAPORE, May 12: India and Pakistan are finding it tough to strike wheat deals with Egypt despite a stamp of approval from the Middle East buyer, and prospects are dimming with...
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Dull trading on cotton market
KARACHI, May 12: Trading on the cotton market on Monday resumed on a dull note as both the sellers and the buyers adhered to the sidelines awaiting some fresh developments on...
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Mauritius for textile reforms
PORT LOUIS, May 12: Mauritius said on Monday small textile exporters like itself must reform their industries if they want to survive fierce competition from next year when they lose their...
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Power tariff hike
SUKKUR May 12: All Pakistan Organization of Small Traders and Cottage Industries has criticized the recent increase in power tariff. In a statement issued on Monday the Association said the increase...
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US defends dollar’s fall
RESTON, May 12: The US dollar’s recent fall is improving prospects for exporters, a Commerce Department official said on Monday, echoing Sunday comments from Treasury Secretary John Snow that raised questions...
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Karachi Port operations
KARACHI, May 12: Six ships carrying palm oil and vehicles are expected to arrive at the outer anchorage on Tuesday, according to a KPT report....
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Internet trading facility at ISE
ISLAMABAD, May 12: The Islamabad Stock Exchange will be providing internet trading facility to enhance the trading activities by the end of this year....
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Oil sales cut
TOKYO/LONDON, May 12: Saudi Arabia has informed global oil customers of a heavy cut in supplies for June, sticking to its part of Opec’s agreement last month to eliminate extra pre-war...
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BD tea export
DHAKA, May 12: Bangladesh, the world’s fifth biggest exporter of tea, could become an importer of the beverage by 2015 as increasing domestic consumption cuts into exports, officials said on Monday....
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