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July 24, 2003 Thursday Jumadi-ul-Awwal 23, 1424 Unit price of core items moves up: 21pc export growth KARACHI, July 23: An almost across the board rise in average unit price of more than three dozen items coupled with increase in their export quantity and greater market access in... IPPs to launch 3000-mw thermal power projects ISLAMABAD, July 23: The government has decided to launch about 3000-mw of thermal projects worth around $7.5 billion through independent power producers (IPPs) in selected cities of the country to meet... Tax return filers to increase to 38.2m ISLAMABAD, July 23: The government is preparing a “national strategy” to increase the number of tax return filers to 38.2 million over the medium term from the present number of NTN... Govt to tax 5 profitable power supply cos: Subsidized uniform tariff ISLAMABAD, July 23: The World Bank and the government have agreed to tax five profitable distribution companies of Wapda and use the collection to improve the financial health of three loss-... Rains push up vegetable prices KARACHI, July 23: Incessant rains in Sindh and various parts of the country have played havoc with the standing crops of vegetables, causing price flare-up in the local market.... Oil prices steady LONDON, July 23: Oil prices held relatively steady on Wednesday despite a dip in US crude inventories, with analysts saying any effect from the widely expected stocks figures had already been... Export to China crosses $590m BEIJING, July 23: Pakistan’s export to China crossed $590 million during the outgoing fiscal — the highest one since the two countries started bilateral trade.... SBP mops up Rs27bn thru T-bills auction KARACHI, July 23: The weighted average yield on Treasury bill auction fell to 1.2116 per cent at an auction on Wednesday, and dealers said overnight rates were likely to remain low.... Govt to appoint trade envoy LAHORE, July 23: The government has decided to appoint a trade ambassador, who will take care of what Commerce Minister Humayun Akhtar Khan describes as “trade diplomacy”.... Shell, BP sign first contract for Iraqi oil LONDON, July 23: British oil major BP and Anglo-Dutch group Royal Dutch/Shell have both agreed to buy 10 million barrels of Iraqi crude, the companies said on Wednesday, the first long-term... KSE 100-share index gains 48.80 points KARACHI, July 23: Stocks on Wednesday shrugged off the overnight easiness as investors covered positions at the lower levels mostly on the undervalued counters on the perception that interim corporate earnings... SECP initiates probe into 24 cos affairs: Non-payment of dividend ISLAMABAD, July 23: Securities and Exchange Commission of Pakistan has initiated investigations into the affairs of 24 listed companies who have defaulted in paying dividend to their shareholders.... Asia, Europe ministers for revival of trade talks DALIAN (China), July 23: Asian and European economic ministers gathered in China hope to send a strong signal on the need to revive stalled global trade talks at a crucial WTO... Firmer condition on cotton market KARACHI, July 23: Firmer conditions were again witnessed on the cotton market on Wednesday as reports of fresh rain in the lower Sindh belt further accentuated the supply position of new... Karachi Port operations KARACHI, July 23: Three ships carrying containers and crude oil are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... FPCCI for import of used vehicles KARACHI, July 23: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded that like boilers and medical equipment the import of second-hand vehicles should also be allowed.... Industrial centres ISLAMABAD, July 23: The decision of establishing new industrial centres and agricultural export processing zones would improve the country’s growth and export performance. This was stated by senior vice-president of Islamabad... Boeing suffers $192m net loss CHICAGO, July 23: Boeing Corp took a hefty loss in the April-June quarter and warned that civil aviation is unlikely to recover until 2005....

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