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| July 26, 2003 | Saturday | Jumadi-ul-Awwal 25, 1424 |
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Plan ready to repay $1bn loan: Shaukat
KARACHI, July 25: Federal Finance Minister Shaukat Aziz on Friday said he had finalized a plan to repay $1 billion in debt to the multilateral agencies during the current financial year,... 
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‘Reforms process far from over’
KARACHI, July 25: The Finance Minister Shaukat Aziz on Friday said transparency, excellence and professionalism should be the major drivers in reporting of corporate affairs....
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Thatta Cement bidding put off
ISLAMABAD, July 25: The Privatization Commission has postponed the bidding for Thatta Cement Company Limited (TCCL) scheduled on July 26 on the request of prospective bidders....
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EOBI posts 24pc growth in investment income
KARACHI, July 25: The Employees Old-Age Benefits Institution (EOBI) has made a fabulous growth of around 24 per cent in investment income by realizing Rs9.222 billion during the outgoing fiscal 2002-03...
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Pakistan, India traders sign $200m deals
KARACHI, July 25: The Pakistani and Indian businessmen have signed business agreements worth $200 million during the 3rd moot of India-Pakistan Chamber of Commerce and Industry (IPCCI) earlier this month....
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President’s directive to CBR
ISLAMABAD, July 25: President General Pervez Musharraf on Friday directed the Central Board of Revenue (CBR) to address concerns of the business community emanating from amendment in an SRO relating to...
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Chinese team visits OGDCL
ISLAMABAD, July 25: A four-member Chinese delegation led by Lu Jing, president of Daqing Petroleum Engineering International, China, visited Oil and Gas Development Company Limited (OGDCL) on Thursday to explore the...
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Oil prices steady
LONDON, July 25: Oil prices steadied on Friday as the market corrected itself somewhat in quiet trading following the previous day’s rises over jitters about Iraq....
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Bank loans
BASEL, Switzerland, July 25: Commercial banks have been shifting their loans away from private companies, favouring the public sector and interbanking operations instead, the Bank for International Settlements (BIS) said in...
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NWFP fails to meet farm IT target
PESHAWAR, July 25: The NWFP government failed to meet the agriculture income tax target for the financial year 2002-03 with a big gap, shattering its hopes to improve recoveries under this...
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SBP disputes committee
KARACHI, July 25: The president of the Karachi Chamber of Commerce and Industry, Mian Nasser Hyatt Maggo urged the Governor, State Bank to include a representative of the chamber in its...
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Buying at dips absorbs selling on stock market
KARACHI, July 25: Stocks on Friday suffered a mild reaction as retailers took profits at the inflated levels but the selling was well-absorbed at the dips indicating the current run-up is...
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Decision on gas pipeline choice by year-end
ISLAMABAD, July 25: Pakistan said on Friday it hoped to select a major new regional gas pipeline project by the end of this year, choosing between three options to meet soaring...
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ADB grants $400m to private sector
KARACHI, July 25: The Asian Development Bank provided $400 million as financial assistance to Pakistan’s private sector during the last 20 years....
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WTO chief in a bid to revive trade talks
GENEVA, July 25: World Trade Organization director-general Supachai Panitchpakdi on Friday announced a sharp increase in the pace of ailing trade liberalisation talks ahead of a key mid-term meeting in Cancun,...
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Ghee makers asked to end strike
KARACHI, July 25: FPCCI president Riaz Ahmed Tata has expressed concern over ghee manufacturers’ strike against non-refund of sales tax by the CBR....
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Pfizer posts big loss
NEW YORK, July 25: Global pharmaceuticals leader Pfizer on Friday reported a $3.6 billion net loss as a results of charges linked to its acquisition of Pharmacia, but topped forecasts for...
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Weak growth clouds fast UK economic recovery
LONDON, July 25: Prospects for a strong post-war recovery in the British economy were left in doubt on Friday after official figures showed that growth picked up only slightly in the...
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Prices move up on cotton market
KARACHI, July 25: New crop cotton prices on Friday rose further higher followed by reports that fresh rain in the lower Sindh could delay the picking operations of phutti....
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Karachi Port operations
KARACHI, July 25: Five ships carrying containers, crude oil and to load rice are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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