Only 30pc of PSDP allocation utilized: July-December
ISLAMABAD, Feb 18: Development expenditure during first half (July-December) of the current fiscal year stood at only 30 per cent of its Rs160 billion target for the whole year, Dawn has learnt.
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Ports, shipping lines to be made separate entities
KARACHI, Feb 18: Ports, terminal operators and shipping lines will be treated as separate entities and may be considered for recognized security organizations (RSOs) being set up to meet International Ships and Ports Security (ISPS) code of the International Maritime Organization (IMO).
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Car sales rise by 70pc
KARACHI, Feb 18: Car sector continued to show impressive performance with production and sales rising by 68 and 70 per cent during July-January 2003-2004 as compared to previous period of last fiscal but rising production had so far failed to eliminate the menace of premiums on new cars.
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Cellular phone licence bidding on April 14
ISLAMABAD, Feb 18: Pakistan Telecommunication Authority (PTA) and prospective bidders on Wednesday failed to agree on minimum investment level to set up two new cellular mobile telephone companies in the country.
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Debt burden to be reduced: Shaukat
ISLAMABAD, Feb 18: Finance Minister Shaukat Aziz Wednesday said that Pakistan was on the path of reducing its debt burden. He said that Pakistan had prepaid an expensive loan of $1.1 billion to Asian Development Bank
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Pakistan-Bahrain trade council proposed
ISLAMABAD, Feb 18: Industries Minister Liaquat Ali Jatoi, on Wednesday inaugurated first ever, Pakistan single country exhibition in Bahrain. Members of royal family, ministers, dignitaries, businessmen
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CBR drive against IPRs violations
ISLAMABAD, Feb 18: The Central Board of Revenue has launched a campaign against all types of violations of intellectual property rights (IPRs) to eliminate the menace which is believed to be serving as disincentive for foreign investment in the country.
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SBP sells Rs39.55bn T-bills
KARACHI, Feb 18: The State Bank on Wednesday sold Rs39.55 billion three-month and one-year treasury bills against the target of Rs41 billion.
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UBL earns Rs4.5bn profit
KARACHI, Feb 18: United Bank Limited earned Rs4.5 billion pre-tax profit in 2003, registering 63 per cent rise over the previous year.
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CBR works out measures for adjudication
ISLAMABAD, Feb 18: The Central Board of Revenue has worked out measures for the quick disposals of cases pending in the adjudication collectorates for years as a part of restructuring of tax administration.
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Cotton market lacks normal trading
KARACHI, Feb 18: Cotton market on Wednesday lacked normal trading interest as ginners raised their asking prices in the backdrop of lower arrival figures of phutti into the ginneries.
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KSE 100-share index recovers 67.19 points
KARACHI, Feb 18: Stocks on Wednesday recovered from the recent lows on active short-covering in pivotals aided by reports of an accord with the visiting Indian delegation on the agenda for future high-level peace talks.
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