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| June 1, 2003 | Sunday | Rabi-ul-Awwal 29, 1424 |
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Textile, leather exports may face ban from EU, US
KARACHI, May 31: Export of textile and leather goods, which constitute over 70 per cent of total exports, could be subjected to crippling blow, including imposition of ban from the European... 
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Eight banks keen to set up branches in Kabul
 KARACHI, May 31: Eight banks operating in Pakistan have shown interest in setting up branches in Kabul — and at least one of them National Bank is expected to send a...
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New rules for NSS soon
ISLAMABAD, May 31: The government would introduce new rules and regulations for national saving schemes (NSS) within a couple of weeks to contain misuse of these schemes by certain quarters....
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Cement sector sees removal of excise duty
KARACHI, May 31: With the Federal Budget 2003-04 just around the corner, analysts are coming up with their forecasts about the likely measures in various sectors....
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PEL set to take over operatorship from PPL
ISLAMABAD, May 31: The first-ever Pakistan‘s private company in oil and gas sector — Petroleum Exploration Limited (PEL) — is all set to take over from Sunday the operatorship from Pakistan...
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Dollar, rupee still in use in Afghanistan
KARACHI, May 31: The visiting governor of the central bank of Afghanistan Dr Anwar-ul-Haq Ahady says Pakistani rupee and US dollar are very much in currency in his country along with...
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Two car makers reduce prices
KARACHI, May 31: Two of the three major automobile manufacturers on Saturday announced reduction in car prices, ranging between Rs2,000 and Rs17,500. The announcements came after a meeting with the Federal...
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Badla rates decline by 1.4 per cent
KARACHI, May 31: The badla rates both at the Karachi and Lahore Stock Exchanges showed a modest decline of 1.4 per cent despite rising equity prices last week, allaying fears of...
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Non-performing loans in the making?
KARACHI, May 31: A massive growth in bank credit to the private sector is raising pertinent questions as to where these funds are being deployed and how it would impact on...
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Rs390 billion collected in July-May
ISLAMABAD, May 31: The tax authorities have collected Rs390 billion during the July-May period of 2002-03 against target of Rs391.9 billion set for the same period....
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BD taka steady at 58.65 on first day
DHAKA, May 31: The Bangladesh taka began trading freely for the first time on Saturday and was steady at 58.65 to the dollar early in the session on slack dollar demand...
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Tax hikes
BERLIN, May 31: German Economy Minister Wolfgang Clement said on Friday he remained opposed to any further tax increases and said government plans to boost economic growth would win widespread SPD...
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Gold prices lower, oil steady in London
LONDON, May 31: Gold prices slipped back from recent three-month high points this week after the weary dollar showed signs of stabilising....
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G8 urged to end Third World debt crisis
GENEVA, May 31: Campaigners from across the globe urged the world’s richest nations on Saturday to cancel the multi-billion dollar debt burden they say is pushing millions further into poverty and...
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Bush’s hands-off dollar policy may pressure allies
WASHINGTON, May 31: A revamped and resolutely hands-off attitude within the Bush administration toward dollar policy appears designed in part to pressure industrial allies in Europe and Japan to step up...
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Poor countries want fair share in trade
DHAKA, May 31: Representatives of poorest nations began here on Saturday a three-day consultation preparatory to the upcoming global trade talks, venting utter disappointment on the developed countries’ failure to keep...
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NY cotton settles at fresh three-week low
NEW YORK, May 31: New York cotton finished at a fresh 3-week low on Friday due to steady fund selling and end-of-the-month liquidation in the market, analysts said....
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Oil hits 5-week high
NEW YORK, May 31: Oil prices hit fresh five-week highs on Friday after gasoline stocks in the United States fell ahead of the peak demand season, stoking fears of a summer...
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US stocks jump on optimism
NEW YORK, May 31: Stocks jumped and the dollar rose against the euro, but bonds slid on Friday, as a pick-up in manufacturing in the Midwest bolstered optimism about sturdy US...
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CBOT rice ends down
CHICAGO, May 31: Chicago Board of Trade rough rice ended lower on Friday following weekly US rice export sales data and on speculative liquidation, floor brokers said....
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