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| October 14, 2001 | Sunday | Rajab 26, 1422 |
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US industry opposes quota free access: Pakistan textile products
KARACHI, Oct 13: The US textile industry has strongly opposed Pakistan’s move to get duty and quota free access to textile products, fearing it would cripple the domestic industry, sources in... 
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Islamabad wants tariff cuts under WTO regime: Talks with like-minded group start
ISLAMABAD, Oct 13: Pakistan has entered the final round of discussions with the 18-nation like-minded group of developing countries to form a joint stand for forthcoming ministerial meeting of the World...
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OCAC likely to cut prices tomorrow
KARACHI, Oct 13: Refinery operators and oil analysts forecast a price cut in petroleum products on Monday owing to sagging global oil markets and weakening of the dollar....
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Advisory council in revenue division set up
LAHORE, Oct 13: A high-level advisory council has been established in revenue division of the finance ministry to give due representation to the private sector....
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Nagina Cotton to invest in Pacific Leasing
KARACHI, Oct 13: Nagina Cotton Mills Limited proposes to invest Rs14 million in 2 million right shares of Rs10 each, at discounted price of Rs7 in the associated company — Pacific...
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Inflation rises in July-Sept
ISLAMABAD, Oct 13: Inflation rates based on Sensitive Price Indicator and Consumer Price Index recorded increase by 2.14% and 2.92% respectively during July-September in the current fiscal year over the same...
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Gap in external financing to rise
KARACHI, Oct 13: The post-September 11 situation is bound to increase the previous projection about the external financing gap but economists say it is too soon to quantify the increase....
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Gulf finance ministers discuss global economic slowdown
RIYADH, Oct 13: Gulf Arab finance ministers discussed their response to the global economic slowdown and plans for integrating their economies at a meeting in Saudi Arabia on Saturday, delegates said....
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Dollar hurt by grim retail sales, anthrax scare
NEW YORK, Oct 13: The dollar sank against the euro and Swiss franc on Friday after a report showed US retail sales plunged in the wake of last month’s suicide airplane...
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Wall Street week ahead, stocks may rise
NEW YORK, Oct 13: US stocks are poised to rise next week as investors look past the flood of expected earnings reports and see a potential rebound in the economy and...
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NYMEX oil futures close sharply lower
NEW YORK, Oct 13: NYMEX oil futures ended sharply into the red on Friday as demand worries re-emerged, all amid uncertainty whether Opec would meet soon enough to draw plans for...
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NY cotton easier
NEW YORK, Oct 13: NY cotton futures settled easier on Friday on broad sales as fears of a recession continued to deflate fiber prices, and USDA’s monthly production data contributed to...
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US retail sales slump
WASHINGTON, Oct 13: Shaken US shoppers sent retail sales plunging 2.4 per cent in September, government figures showed on Friday, a sign that the economy has felt the effects of the...
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Japan, Singapore FTA a building block for ASEAN
SINGAPORE, Oct 13: A free-trade agreement (FTA) basically agreed to between Japan and Singapore can be a building block for a wider accord covering Tokyo and the Association of Southeast Asian...
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US House panel passes economic stimulus package
WASHINGTON, Oct 13: The House Ways and Means Committee on Friday approved a Republican-backed economic stimulus plan designed to inject $100 billion into the U.S. economy over the next year with...
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Chinese trade surplus plunges
BEIJING, Oct 13: China’s trade surplus plunged 29 per cent in the first nine months of 2001 from the same period last year as export industries were hit by the global...
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US textile firms want limited access to Pakistan
WASHINGTON, Oct 13: The US textile industry is urging the Bush administration to refrain from granting Pakistan broad new access to the US textile market, arguing it would cripple a domestic...
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Govt asked to seek US support for special zones: Products for American markets
KARACHI, Oct 13: The country’s largest and oldest industrial estate — SITE — has urged the government to seek US support for for setting up ‘qualifying industrial zones’ to produce duty...
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Body to seek NWFP share in hydel profit
PESHAWAR, Oct 13: The NWFP government has constituted a special committee to prepare its case on the province’s net hydel profit share for presenting the same before the National Finance Commission,...
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Cotton market depicts firm trend
KARACHI, Oct 13: Cotton market on Saturday showed firm trend as spinners and mills continued to build-up long positions amid predictions of further increase in prices....
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