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September 6, 2003 Saturday Rajab 8, 1424 Nepra grants licence to 12 IPPs ISLAMABAD, Sept 5: The National Electric Power Regulatory Authority (Nepra) has granted generation licences to twelve IPPs presently operating in the country, an announcement by the authority said.... Hubco declares 21pc cash dividend KARACHI, Sept 5: The Hub Power Company Limited (Hubco) on Friday announced final cash dividend for the year ended June 30, 2003 at Rs2.10 (21 per cent) per share, which fell... US trade team to visit Pakistan LAHORE, Sept 5: A US trade delegation will visit Pakistan soon to explore possibilities for investment and joint ventures, and to strengthen trade relations between the private sectors of both countries.... Exports surge by 11.96pc in two months ISLAMABAD, Sept 5: Merchandise exports of Pakistan surged by 11.96 per cent during the first two months of 2003-04, reducing the budget deficit by 44.13 per cent, as compared to corresponding... Railways package deal with China hits problems ISLAMABAD, Sept 5: Differences between the ministries of finance and railways over procurement of railway equipment from China against suppliers credit have brought to a stand still progress on two of... Investment in NSS shoots up to Rs108bn KARACHI, Sept 5: Investment in National Saving Schemes rose to Rs108 billion in the fiscal July-June 2002-03, up from about Rs71 billion in 2001-02. But a big chunk of this Rs37... Task force to create awareness among MPs: WTO regime ISLAMABAD, Sept 5: Commerce Minister, Humayun Akhtar Khan said on Friday the government had decided to constitute a parliamentary Task Force to create awareness among the parliamentarians on trade related issues... US not to withdraw travel advisory KARACHI, Sept 5: US Consul General Douglas C. Rohn has said that US travel advisory for Pakistan cannot be changed as ground realities do not allow it and because of constant... Wheat body meeting put off ISLAMABAD, Sept 5: A meeting of the Wheat Disposal Committee at the Ministry of Food, Agriculture and Livestock (MINFAL) scheduled to be held here on Saturday has been put off indefinitely.... Support at dips averts major fall on stock market KARACHI, Sept 5: Stocks on Friday remained under pressure but leading shares in the energy and some other sectors attracted good support at the falling prices and finished recovered from the... HK gold HONG KONG, Sept 5: Hong Kong gold prices closed lower on Friday at US$370.75-371.25 an ounce, against the previous day’s closing rate of 372.80-373.30.... Abolition of tobacco cess to cost NWFP Rs50 million PESHAWAR, Sept 5: The provincial assembly’s unanimously adopted resolution, seeking undoing of recently promulgated ordinance which requires Rs2 per kg cess on the open market transactions of tobacco, if implemented, would... Land for effluent treatment plant KARACHI, Sept 5: Asian Development Bank (ADB) has identified a piece of land near Pakistan Refinery for the setting up of combined effluent treatment plant (CETP) in Korangi industrial area. The... Karachi Port operations KARACHI, Sept 5: Cargo handling activity at the wharves on Friday was maintained on the higher side as the total tonnage handled rose to 0.114m tons, according to KPT sources.... EPB camp office BAHAWALPUR, Sept 5: The Export Promotion Bureau (EPB) on Friday opened its camp office here to boost the export of mangoes, dates and citrus fruits from this area.... Union Bank in Colombo KARACHI, Sept 5: Union Bank has opened its first international branch in Colombo after the acquisition of Mashreq Bank operations in Sri Lanka. It acquired both domestic and offshore banking units... UK recovery LONDON, Sept 5: The British economy appears to have sprung to life in the last few weeks but financial markets are probably getting ahead of themselves in pricing in a rise... Accord KARACHI, Sept 5: Institute of Engineers Pakistan (IEP) and American Society of Heating, Refrigeration and Airconditioning Engineers (ASHRAE) are expected to sign a cooperation agreement in November next in Atlanta, says... Prices ease further on cotton market KARACHI, Sept 5: Lint prices on the cotton market on Friday eased further as Sindh ginners were not inclined to hold long positions owing to larger arrivals of phutti.... EU deficit rules PARIS, Sept 5: European Trade Commissioner Pascal Lamy strongly criticized French budget policy on Friday and went on to tell Prime Minister Jean-Pierre Raffarin to his face that France had to...

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