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August 2, 2003 Saturday Jumadi-us-Sani 3, 1424 KSE achieves another feat: Index crosses 4,000 level KARACHI, Aug 1: A new chapter was written in the trading history of the Karachi Stock Exchange on Friday after the KSE 100-share index boosted by higher dividends breached through two... Karachi bourse expects Rs139m from auction: Dormant membership cards KARACHI, Aug 1: The Karachi Stock Exchange expects to raise Rs139 million through the auction of four dormant membership cards.... Mutton, beef prices move up by Rs5-20 KARACHI, Aug 1: Incessant rains have curtailed the arrival of animal-loaded trucks from upcountry, thus causing meat shortage in the markets besides resulting in price flare up of mutton and beef... FTO orders valuation of Chinese TV ISLAMABAD, Aug 1: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar has asked the CBR to decide fair value of Chinese television sets so that customs duty could be fixed.... Pensioners scheme raises Rs8.6bn KARACHI, Aug 1: The government attracted Rs8.6 billion through pensioners benefit accounts tailored for retired people within first five months after their launching on January 20, 2003 i.e. up to May... Mango processing draws investment LAHORE, Aug 1: Federal Industries Minister, Liaquat Ali Jatoi has said that a number of Singaporean and Saudi companies have expressed their interest in establishing mango preservation and processing plants in... CIRC turns down fresh valuation request LAHORE, Aug 1: The Corporate and Industrial Restructuring Corporation (CIRC) is said to have refused to carry out fresh valuation of the projects whose owners wish to settle their loans with... Dollar slips LONDON, Aug 1: Disappointing US labour market data helped prompt some profit taking on the dollar in late London trading on Friday, analysts said.... Pakistan opens new trade routes for Kabul, CARs MANILA, Aug 1: The heads of delegation of Tajikistan, Uzbekistan, Turkmenistan and Afghanistan signed a protocol with Pakistan’s Finance Minister, Shaukat Aziz to take benefit from North-South Corridor connecting their respective... Oil prices LONDON, Aug 1: Oil prices put on a late surge Friday as traders, anxious after yet another latest pipeline sabotage in Iraq, covered their trading positions before the weekend. The price... Pakistan, German trade pacts in final stages ISLAMABAD, Aug 1: Pakistan and Germany would enter a new era of business cooperation as both countries are engaged in finalizing various business pacts to increase their mutual trade, investment and... Karachi Port operations KARACHI, Aug 1: Four ships carrying gas and crude oil, containers and to load molasses are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... European shares lose ground LONDON, Aug 1: European shares fell sharply on Friday after a dismal US June labour market report prompted a sell-off on Wall Street, dealers said.... Duty relief ISLAMABAD, Aug 1: The Central Board of Revenue (CBR) has withdrawn central excise duty (CED) on sludge or sediment recovered from the storage tanks of incoming vessels including ships brought in... NTN duplication ISLAMABAD, Aug 1: The Central Board of Revenue (CBR) has decided to link National Tax Number (NTN) master index with the National and Data Registration Authority (Nadra) to check issuance of... Prices rise further on cotton market KARACHI, Aug 1: The new crop lint prices rose further on Friday as spinners continued to cover their forward positions against foreign sales of cotton yarn fearing pressure on ready supplies.... Palm oil lower KUALA LUMPUR, Aug 1: Malaysian palm oil futures fell on Friday, extending the previous day’s declines due to continued speculative selling and bearish charts, traders said.... Asian stocks rise TOKYO, Aug 1: Asian stock markets rose on Friday supported by expectations the United States is recovering fast after GDP data showed surprisingly rapid growth for the world’s biggest economy....

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