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| July 4, 2003 | Friday | Jumadi-ul-Awwal 3,1424 |
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Rs230bn credit plan for 03-04 on agenda: NCCC meeting today
KARACHI, July 3: The National Credit Consultative Council (NCCC) is holding its annual meeting on Friday at the State Bank to discuss a Rs230 billion credit plan for 2003-04 to ensure... 
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Pakistan, Total sign oil deal
PARIS, July 3: Pakistan on Thursday signed first-ever production sharing agreements for petroleum exploration in two blocks located in ultra-deep waters of Indus Delta with consortium of companies led by the...
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PTA wants mobile activation charges removed
LAHORE, July 3: The Pakistan Telecom Authority (PTA) has recommended to the government to remove the activation charges of Rs2,000 on new mobile phone as well as on those users who...
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Infrastructure fund under consideration: Economic revival
ISLAMABAD, July 3: The government is considering to establish Pakistan Infrastructure Fund (PIF) through issuance of government-guaranteed bonds of 5-20 years of maturity period to develop strategic infrastructure projects, commerce ministry...
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Gas provision to Trans-Afghan pipeline assured
KARACHI, July 3: Turkmenistan has assured Pakistan and Afghanistan that Daulatabad, the fifth largest gas field in the world, will remain exclusively available for the Trans-Afghan Pipeline (TAP)....
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S&P assigns ‘BB-’ to 3 PIBs
ISLAMABAD, July 3: Standard & Poor’s Ratings Services on Thursday assigned its ‘BB-’ long-term local currency senior unsecured debt rating to three Pakistan Investment Bonds (PIBs) worth Rs31.2 billion (US$540 million)...
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Arif Habib declares bonus in PSM, PIF
KARACHI, July 3: Arif Habib Investments, the fund manager for Pakistan Stock Market fund (PSM) and the Pakistan Income Fund (PIF), declared bonus for unit holders in the two funds for...
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CBR sets up investment centre
ISLAMABAD, July 3: The Central Board of Revenue has established an investment centre at the board aimed at facilitating investors in taxation related issues....
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US jobless rate worries Bush
WASHINGTON, July 3: US President George W. Bush is “concerned” about the rise in unemployment but believes that the recently approved tax cut will help revive the ailing US economy, the...
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ZTBL Kharif lending
KARACHI, July 3: Zarai Taraqiati Bank Limited (ZTBL) says it will start disbursing agricultural production loans for Kharif crops under one-window operations from July 7....
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Record number of shares come in for strong buying
KARACHI, July 3: The KSE 100-share index is steadily rising to breach through the psychological barrier of 3,500 points and analysts predict the target is now not that far. It ended...
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Karachi business representation in GDA assured
KARACHI, July 3: Balochistan Chief Minister Jam Mohammad Yusuf has promised to include business representative in the Gwadar Development Authority (GDA) that will have rules and regulations of international standard and...
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Physical activity picking up
KARACHI, July 3: Physical activity on the cotton market is slowly picking up as spinners are covering their positions against forward sales of yarn to foreign buyers....
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CBR launches report on job descriptions
ISLAMABAD, July 3: The Central Board of Revenue has launched an official report containing draft of generic job descriptions (JDs) for positions in all cadres as a step towards professionalizing the...
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Overseas chamber’s proposals for trade policy
ISLAMABAD, July 3: The Overseas Investors Chamber of Commerce and Industry (OICCI) has sent various proposals for trade policy 2003-04 to the Commerce Ministry....
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Yarn exporters seek cut in duty
KARACHI, July 3: Gujranwala Art Silk Yarn Merchants Association has urged the government to cut import duty on polyethylene Teraphthalate yarn (PET) to 10 per cent from 20 per cent besides...
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US offers to train SECP officers
ISLAMABAD, July 3: The US Commodities Futures Trading Commission (CFTC) has offered its cooperation in the training of officers of Securities and Exchange Commission of Pakistan (SECP) in commodities markets operation,...
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Karachi Port operations
KARACHI, July 3: Berthing activity at the wharves on Thursday was maintained on the higher side as six ships, including one with coal, were berthed, according to KPT sources....
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PS signs deal with Indian firm
KARACHI, July 3: Pakistan Steel has singed a new contract with Sesa Goa Limited, India, for the annual procurement of 1,170,000 tons of iron ore....
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$ bounces ahead of US data
LONDON, July 3: The dollar perked up on Thursday ahead of anxiously awaited US labour market data, buttressed by a recent cooling of the government bond market, analysts said....
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