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October 5, 2002 Saturday Rajab 27, 1423 ADBP made public limited company ISLAMABAD, Oct 4: President General Pervez Musharraf on Friday night promulgated an ordinance, the Agricultural Development Bank of Pakistan (Reorganisation Conversion) Ordinance 2002 with immediate effect.... Economy starts gaining strength, says Shaukat KARACHI, Oct 4: Minister for Finance Shaukat Aziz on Friday said that economy has started picking up as revenue collection, a major indicator, has exceeded the target during the first quarter... SBP attempts to clear confusion over rate-cut KARACHI, Oct 4: The demand for private sector credit is bound to show in the coming weeks mainly through cotton financing but confusion still prevails over a possible cut in interest... Oil contingency plan being prepared KARACHI, Oct 4: The government is preparing an oil contingency plan in apprehension of an outbreak of a full-fledged war between Iraq and the US led coalition, which could disturb global... Govt plans to raise gas output ISLAMABAD, Oct 4: With gas falling short of around 3,600 thousand cubic feet per day, the government has planned to increase its production by over 100 per cent within eight years.... Additional GST Punjab to get Rs17bn out of Rs32bn PESHAWAR, Oct 4: Punjab would get over 50 per cent of Rs32bn additional GST to be distributed among the federating units during the current financial year, according to sources.... Passco may be stopped from wheat export ISLAMABAD Oct 4: The government is likely to restrain Passco from further wheat export till the arrival of next wheat crop, a senior official told Dawn.... Rupee gains in inter-bank market KARACHI, Oct 4: The rupee gained four paisa against the dollar in the inter-bank market on Friday despite nominal corporate debt servicing and oil import payments.... London stocks fall by 66 points LONDON, Oct 4: Weakness in banks and drugs sent Britain’s FTSE 100 share index lower on Friday amid fears about the earnings prospects for both sectors, while a slide on Wall... ADB lending MANILA, Oct 4: The Asian Development Bank (ADB) said on Friday it will lend about two billion dollars to India and $1.18 billion to Bangladesh in the next three years.... Stocks finish weekend session with 15 points recovery KARACHI, Oct 4: Stocks on Friday shrugged off the previous easiness as leading investors and institutional traders covered positions at the lower levels aided largely by some positive developments on the... Lankan traders asked to explore Pakistan ISLAMABAD, Oct 4: Federal Minister for Trade and Commerce Abdul Razak Dawood on Friday told the Sri Lankan businessmen that Pakistan offered conducive environment for trade activities.... Slow trading on cotton market KARACHI, Oct 4: Physical activity on the cotton market on Friday was relatively slow as spinners played safe and lifted only those lots which conform to their export parity levels and... TCP to register ginning factories: Clean cotton KARACHI, Oct 4: The Trading Corporation of Pakistan (TCP) will register ginning factories in five cotton producing districts of the country for procurement of higher grade clean cotton during 2002-03 season.... Karachi Port operations KARACHI, Oct 4: Three ships including Morning Glory to load 25,000 tons of naptha are expected to arrive at the outer anchorage on Saturday.... BD business blast India trade policy DHAKA, Oct 4: Bangladeshi business leaders have lambasted Delhi for its ‘negative attitude’ towards providing access to Bangladeshi goods to the Indian market. They also demanded that Bangladesh should devise para-tariff... Russian oil exports up in Sept MOSCOW, Oct 4: Russian oil exports, including transit volumes from neighbouring Azerbaijan and Kazakhstan, rose in September by 80,000 bpd, while output hit another post-Soviet high, an Energy Ministry source said... Delay in stamp duty gazette flayed KARACHI, Oct 4: All Pakistan Textile Mills Association (Aptma), Sindh-Balochistan zone, has shown deep concern over delay in publication of official gazette by Sindh government in respect of levy stamp duty... Euro eases on falling US jobless rate LONDON, Oct 4: The euro weakened against the dollar on Friday after data in the United States showed that the unemployment rate had slipped to 5.6 per cent in September, despite... PSO award KARACHI, Oct 4: Rustom Mavalvala, senior manager of Brand Management and Communications, was awarded Pakistan State Oil’s (PSO) first-ever Shaukat R. Mirza Excellence Award....

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