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| July 15, 2003 | Tuesday | Jumadi-ul-Awwal 14, 1424 |
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Textile units invest heavily on BMR
KARACHI, July 14: Textile operators continue to remain engaged in revamping and modernization of their manufacturing units and are the single largest group of machine importers in capital goods category.... 
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Saudi investors interested in telecom, energy sectors
ISLAMABAD, July 14: Saudi Prince Faisal Abdullah Al-Faisal Al-Saud said on Monday his country’s investors were keen to invest in Pakistan and to broaden the existing strong bonds between two countries....
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Mari Gas signs agreement: Production sharing
KARACHI, July 14: Mari Gas Company Limited — a stock market listed company — announced on Monday that the company along with the largest French multinational Total and its other contracting...
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EPB proposes gems estate in NWFP
ISLAMABAD, July 14: The Export Promotion Bureau (EPB) has proposed setting up of a Gems Industrial Estate in NWFP to promote gems industry and export of precious stones....
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OGDCL oil output up
ISLAMABAD, July 14: The Oil and Gas Development Company Limited (OGDCL) has reported seven per cent increase in oil production to 5,922,059 barrels during the first nine months (July-March) of 2002-03...
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Iran finds 38bn barrels of oil
TEHRAN, July 14: Iran has discovered three oilfields containing more than 38 billion barrels of oil, a senior oil official was quoted by the Kayhan newspaper as saying on Monday....
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KSE index gains another 39 points at 3,685
KARACHI, July 14: Stocks on Monday showed fresh widespread gains as investors were not inclined to miss an attractive bait of capital gains and continued to build up long positions on...
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Withdrawal of SRO507 sought
KARACHI, July 14: Federation of Pakistan Chambers of Commerce and Industry president Riaz Ahmed Tata has again requested the government to rescind the SRO 507 (1), 2003, amended by SRO 592(1),...
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India, BD begin trade talks today
DHAKA, July 14: Indian Foreign Minister Yashwant Sinha arrived in Bangladesh on Monday for a landmark meeting of the Joint Economic Commission (JEC) to discuss key bilateral economic issues....
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Cement, steel prices up by 20-23pc
KARACHI, July 14: Prices of cement and steel have surged by 20 and 23 per cent, respectively, and this rise may create severe crisis for the construction industry, the Association of...
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State Bank mops up Rs13.5bn
KARACHI, July 14: The State Bank of Pakistan mopped up Rs13.50 billion through an open market operation on Monday, but overnight rates stayed low despite the outflow, dealers said....
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ABL profit surges 125pc
KARACHI, July 14: The Allied Bank Limited (ABL) has earned an operating profit of Rs1.5 billion during the first half of the current year registering an increase of 125 per cent...
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UK inflation
LONDON, July 14: Inflation in Britain will inch up in June as falling petrol and house prices fail to offset strong food prices, according to analysts....
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Talks on $25bn gas initiative abandoned
RIYADH, July 14: After negotiations on the two other projects of the $25 billion Saudi gas initiative were officially terminated with the US oil major ExxonMobil, all the hopes were pinned...
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Prices remain firm on cotton market
KARACHI, July 14: Cotton market on Monday resumed trading on a firm note as ginners were not inclined to lower their asking prices despite reports of modest unsold stocks of the...
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Section 122 application on future returns
LAHORE, July 14: The Lahore Tax Bar Association (LTBA) has urged the government to direct income tax (assessing) officers to apply the section 122 (amendment of assessment) of the Income Tax...
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Rice prices remain firm on low stocks
ISLAMABAD, July 14: Local rice prices have been firm in the past week due to depleted stocks, but traders said on Monday that market activity would remain dull until fresh crop...
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Karachi Port operations
KARACHI, July 14: Five ships carrying DAP fertilizer, containers and high speed diesel are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Management strategies
KARACHI, July 14: Business Support Centre of the Institute of Business Management would hold a three-day workshop on “Effective maintenance management strategies” on July 15-17....
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Citigroup net profit rises
NEW YORK, July 14: Citigroup, the world’s biggest financial group, reported on Monday a modest rise in quarterly net profit as soaring demand for mortgages helped boost revenues to a record...
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