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| June 20, 2003 | Friday | Rabi-us-Sani 19, 1424 |
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US trade gap widens to record $136bn
WASHINGTON, June 19: The US shortfall in trade and investment income bulged to a record $136.1 billion in the first quarter of 2003, the government said on Thursday.... 
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50pc home remittances come from US, UAE
KARACHI, June 19: Half of Pakistan’s home remittances — or the money sent back home by overseas Pakistanis — come from the US and the UAE combined....
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WB to provide $130m for CBR restructuring
ISLAMABAD, June 19: The World Bank will provide around $130 million grant for the implementation of restructuring plan of tax administration over a period of five years....
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Pakistan’s credibility restored
PARIS, June 19: Pakistan’s Finance Minister Shaukat Aziz, in an interview to French national daily Le Figaro, published on Thursday, says that although Islamabad “was practically in a state of default...
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Massive selling in Hubco halts stocks run-up
KARACHI, June 19: The KSE 100-share index on Thursday failed to sustain it crucial level beyond 3,300 level on massive selling in Hub-Power and some other current favourites followed by some...
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18 Asian states to discuss $1 billion bond fund
BANGKOK, June 19: Ministers from 18 Asian nations will meet in northern Thailand from Friday for talks expected to focus on the $1 billion Asian Bond Fund, an initiative of Thai...
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India sees Pakistan new wheat market
NEW DELHI, June 19: India, sitting on huge grain stocks, hopes to sell wheat to Pakistan if a thaw in relations between the nuclear-armed neighbours translates into better trading ties, officials...
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NWFP not to make at-source deduction
PESHAWAR, June 19: The NWFP government will not make at-source deduction from district governments’ monthly disbursements in view of the financial problems they are facing, official sources said on Thursday....
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Hurdles to investment removed: Hafeez
KARACHI, June 19: The Federal Minister for Privatization and Investment, Dr Hafeez Shaikh on Thursday called upon Microsoft to enhance level of investment in Pakistan, says a press release....
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Jatoi assures to take up dumper import issue
KARACHI, June 19: Federal Industries Minister Liaquat Ali Jatoi said on Thursday that he would take up the issue of import of second hand dumpers which was affecting their sales....
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Term finance facility
LAHORE, June 19: A leading textile unit was provided with syndicate term facility of Rs500 million by a consortium of leading banks on Thursday....
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China, Asean move towards free trade
PHNOM PENH, June 19: Plans for a free trade area linking the world’s most populous nation and Southeast Asia by 2010 are on track, with China confident tariffs on a range...
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Slow trading on cotton market
KARACHI, June 19: Trading on the cotton market remained slow as both ginners and spinners awaited the impact of last two days’ rain in the entire cotton belt....
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KPT asked to maintain 100pc berth occupancy
KARACHI, June 19: Communications Minister Ahmed Ali on Thursday asked the Karachi Port Trust authorities to provide more facilities to port users at reduced rates and maximize the profit through enhanced...
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Morocco to launch Eurobond issue
RABAT, June 19: Morocco said on Thursday it will soon launch its long-awaited Eurobond issue, a crucial test for international confidence after May’s suicide bombings that rocked Casablanca, the North African...
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UK retail sales fall
LONDON, June 19: Hopes of a post Iraq-war consumer boom in Britain were dealt a blow Thursday as official figures showed that high-street spending fell unexpectedly during May....
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Sudan for increased trade ties
SIALKOT, June 19: Ambassador of Sudan in Islamabad Awad Mohamed Hassan has urged Sialkot’s trendy exporters to divert their business activities to Sudan for ending the monopoly of other countries....
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Karachi Port operations
KARACHI, June 19: Five ships carrying containers, base oil and to load naphtha are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Iraq to resume oil exports from Sunday
BAGHDAD, June 19: Iraq will resume exporting oil from Sunday, the head of the State Oil Marketing OrganiZation, Mohammed al-Juburi, told AFP on Thursday, over three months after shipments were halted....
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ECB backs ‘strong and stable’ euro
PARIS, June 19: Bank of France governor Jean-Claude Trichet, in line to become the next head of the European Central Bank, said Thursday that despite market concern about the rise of...
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