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October 10, 2002 Thursday Sha’aban 3, 1423 $2.6bn IFIs financing expected in 2002-03 ISLAMABAD, Oct 9: Pakistan is expecting $2.6 billion net exceptional financing from the international financial institutions (IFIs) during 2002-03.... NBP charging 13pc markup on TV scheme KARACHI, Oct 9: State-run National Bank is charging 13 per cent markup on leasing of LG televisions and other products of LG Electronics under its recently launched Ghar Ghar Television Scheme.... Investors want new govt to accelerate reforms KARACHI, Oct 9: Companies investing in Pakistan want the new government to accelerate economic reforms and improve security, said the head of the country’s main foreign business organization on Wednesday.... Manufacturers see 10pc rise in production: AC, refrigerators KARACHI, Oct 9: Domestic appliances manufacturers forecast a 10-per cent growth in production of fridge, deep-freezers and air-conditioners from next year following the government’s decision to restrict the consumer financing on... Oil prices slip LONDON, Oct 9: Oil prices were slightly lower on Wednesday as news of an attack on military targets in Iraq, and data which revealed another sharp drop in weekly US crude... Major rice nations form price regulating body BANGKOK, Oct 9: Five major rice exporting nations agreed on Wednesday to set up a price-regulating mechanism to be known as the Council on Rice Trade Cooperation (CRTC) after a meeting... ICP Fund transfer ceremony ISLAMABAD, Oct 9: The Privatization Commission is holding ‘transaction closing ceremony’ for the transfer of management rights of Investment Corporation of Pakistan Mutual Fund Lot-A here on Friday.... Rupee gains KARACHI, Oct 9: The dollar shed four paisa in the inter-bank market on Wednesday and closed at Rs59.08/Rs59.10 for buying and selling against the previous close of Rs59.12/Rs59.14. Some bankers said... Pakistan Tobacco Company: CORPORATE PROFILE KARACHI, Oct 9: Pakistan Tobacco Company Limited had managed to swing back to a profit of Rs354 million in 2001, after six years of serial losses. The accounts for the six... Bulls tighten grip: index hits 2,100-point barrier KARACHI, Oct 9: The KSE 100-share index on Wednesday briefly breached through the psychological barrier of 2,100 points as bulls were not inclined to take even a technical breather ahead of... Cotton market rules firm KARACHI, Oct 9: Cotton market finished the pre-election session on Wednesday on a firm note as ginners held on to their positions and did not lower their asking prices.... Japanese stocks hit new low TOKYO, Oct 9: Japanese share prices slumped to a new 19-year low on Wednesday on fears the government’s aggressive stance on resolving bad loans would cause huge bankruptcies and unemployment, dealers... Ukraine ready to take part in gas project ASHKHABAD, Oct 9: Ukraine is ready to take part in the construction of a gas pipeline from Turkmenistan across Afghanistan to Pakistan, a Ukrainian envoy here said on Wednesday.... Karachi Port operations KARACHI, Oct 9: Berthing activity at the Karachi port on Wednesday was fairly brisk as the agencies cleared the inward rush of foreign flag vessels well in time.... Assessee for total audit ISLAMABAD, Oct 9: Federal Tax Ombudsman Justice Saleem Akhtar has upheld the decision of the Regional Commissioner Income Tax, Eastern Region (RCIT), Lahore, for selecating an assessee for total audit.... UB online KARACHI, Oct 9: United Bank Ltd on Wednesday introduced a comprehensive online account based information service, “UB onLine”.... Ankara, Tehran sign deal ending gas dispute TEHRAN, Oct 9: Tehran and Ankara on Wednesday inked a deal to end a dispute over Iranian gas exports to Turkey, halted more than three months ago over complaints that the... Gulf ministers to review steps for customs union RIYADH, Oct 9: Finance ministers of the Gulf Cooperation Council (GCC) states will meet here on Saturday to review steps taken for the launch of their customs union in January next... US cotton sales NEW YORK, Oct 9: US cotton net upland sales should edge higher when USDA releases its weekly export sales report on Thursday.... Sri Lanka tea prices mixed COLOMBO, Oct 9: Sri Lanka tea prices were mixed at the latest auction with good quality teas down slightly, brokers said on Wednesday....

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