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June 29, 2003 Sunday Rabi-us-Sani 28,1424 Punjab has ample resources: Development outlay KARACHI, June 28: Of all the four provinces, that have taken up total development programme of over Rs68 billion in their respective budgets during next fiscal year, Punjab is the only... Another 100 Chevrolet units due next month KARACHI, June 28: As many as 100 more units of American-origin Chevrolet models (800cc), assembled in Korea, will hit the local market next month after arrivals of 100 units in the... NSS rates to fall sharply despite rise in PIB yield KARACHI, June 28: The government on Saturday made a smart move through the State Bank of Pakistan to contain an inevitable fall in returns on national saving schemes — and the... Badla rate moves up KARACHI, June 28: The annualized COT (badla) rate at the Karachi Stock Exchange closed at 16.3 per cent on Friday, which represented an increase from 13.2 per cent, at the end... Pakistan a role model for foreign investors : Oil extraction unit opened KARACHI, June 28: Acting President, Mohammadmian Soomro has invited local and foreign investors to invest in the country so that more jobs could be created.... SPI remains unchanged ISLAMABAD, June 28: The Federal Bureau of Statistics here on Saturday reported zero increase/decrease in Sensitive Price Indicator for the week ending June 26 as compared to the previous week.... FPCCI receives 85 budget anomalies KARACHI, June 28: The Federation of Pakistan Chambers of Commerce and Industry has received around 85 anomalies relating to sales tax, customs duties and income tax in the budget 2003-04.... Exploration licences granted ISLAMABAD, June 28: Federal government on Saturday granted two licences to Pakistan Oilfields Limited (POL) to explore petroleum resources in Block No. 3272-11 (Chakwal) in Zone-I in Chakwal district of Punjab... Development projects detail sought ISLAMABAD, June 28: The Planning and Development Division has directed all the ministries and divisions to submit by July 5, 2003, the details of their each development project costing more than... Investment conference ISLAMABAD, June 28: The Board of Investment (BoI) is organizing an investment conference in Paris on July 1-4 on the occasion of President Pervez Musharraf’s visit to France.... Big test for market set for second half of 2003 NEW YORK, June 28: Wall Street has soared in the first half of 2003 on the presumption of a strong second-half economic rebound. Now the second half is here, setting the... US economy getting boost from falling prices WASHINGTON, June 28: The US economy appears to be getting a boost from falling prices that encourage consumer spending, according to data on Friday, but analysts say the outlook remains clouded... US Senate, House pass Medicare drug bills WASHINGTON, June 28: The US Senate and House of Representatives approved landmark Medicare drug bills on Friday that would give older Americans long-awaited help in paying for their prescription medicines.... Euro gains against dollar NEW YORK, June 28: The dollar notched limited gains against the yen and stirling on Friday but lost ground to the euro even after an upbeat June consumer sentiment survey, with... New York cotton futures higher NEW YORK, June 28: NY cotton futures settled higher Friday on light speculative fund and options-related buying as players tweaked their positions ahead of the USDA’s planted acreage report on Monday,... Saudi Pak Bank to issue right shares ISLAMABAD, June 28: Saudi Pak Commercial Bank Limited has decided to increase the paid-up capital of the bank through the issuance of right shares.... Edison closes sale of Egypt gas assets MILAN, June 28: Italian power company Edison said on Friday it had closed a deal to sell gas assets in Egypt to Malaysia’s Petronas for 1.6 billion euros.... Rice ends up CHICAGO, June 28: Chicago Board of Trade rough rice futures ended firm on Friday on commercial buying and liquidation of short positions after nearby July sank to an early 2-1/2 month... Uzbeks vow convertibility as IMF pushes for reform TASHKENT, June 28: Uzbekistan, at odds with international lenders over slow economic reforms, pledged after 10 days of IMF talks on Friday to lift rigid controls over its national sum currency... Japan eyes up to $7.5bn for Russia project TOKYO, June 28: Japan, keen to become a major Russian oil importer, has decided to provide Moscow with aid of up to $7.54 billion to develop an oil field in Eastern...

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