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October 25, 2002 Friday Sha’aban 18,1423 Sell-offs fetch Rs36bn in 3 years: ICP Funds bid okayed ISLAMABAD, Oct 24: The Cabinet Committee on Privatization (CCoP), which met here on Thursday with Finance Minister Shaukat Aziz in chair, noted with satisfaction that during the last three years, transactions... 100pc checking condition goes: Shrimps to EU KARACHI, Oct 24: The European Union (EU) has waived off the condition of full (100 per cent) checking on shrimps consignments exported from Pakistan to its member states.... Islamic TFCs may hit market by year-end KARACHI, Oct 24: Three leading modarabas are likely to come up with Islamic term finance certificates by the end of this year if the regulators clear way for their introduction. Modaraba... Trade bodies ‘interference’ delays shipment: Branded goods KARACHI, Oct 24: The Union of Small and Medium Enterprises (Unisame) has asked the trade associations and their chairmen to consult the trade mark attorneys for Trade Mark Act interpretation.... US not active in dumping probe: WTO GENEVA, Oct 24: The United States decreased its use of anti-dumping investigations during the first six months of the year, according to data released by the World Trade Organization on Thursday.... Saarc states to discuss free trade ISLAMABAD, Oct 24: The Saarc member countries are to hold a fourth round of meeting on South Asia Preferential Trade Arrangement (SAPTA) on Oct 30, to further boost free trade among... French trade team to visit Pakistan LAHORE, Oct 24: A French trade delegation comprising industrialists and businessmen will visit Pakistan during first quarter of next year to explore the opportunities for boosting Franco-Pak economic ties.... Saarc trade fair in Nepal today KATHMANDU, Oct 24: Traders from across the region are expected to flock to the Nepalese capital Kathmandu on Friday for the fourth South Asian Association for Regional Cooperation (Saarc) trade fair,... Oil prices edge up LONDON, Oct 24: The price of oil edged higher on Thursday as traders awaited the outcome of United Nations Security Council discussions on Iraq which began a day earlier.... Duty on CNG kit may be reduced ISLAMABAD, Oct 24: The government is likely to reduce the customs duty on import of Compressed Natural Gas (CNG) cylinder, kits and other machinery shortly, a senior official told Dawn on... Near-boom conditions prevail on stock market KARACHI, Oct 24: Near-boom conditions prevailed on the stock market on Thursday as investors were not inclined to take even a technical breather and continued to build-up long positions ahead of... France, Germany reach accord: Farm spending BRUSSELS, Oct 24: The French and German leaders agreed on Thursday to cap the European Union’s agricultural spending from 2007, raising hopes of agreement at an EU summit on financing the... Lint prices go up on short crop reports KARACHI, Oct 24: Cotton prices on Thursday rose sharply higher as spinners and mills indulged in panic buying followed by reports of a short crop owing to damage caused by the... US investment HCM CITY, Oct 24: This year has seen American businesses invest an additional $50 million in 20 new projects, becoming one of the year’s six largest foreign investors in Vietnam, according... Karachi Port operations KARACHI, Oct 24: Three ships carrying containers, crude oil and to load molasses are due to arrive at the outer anchorage on Friday, according to KPT sources.... ECB defends stability pact FRANKFURT, Oct 24: The European Central Bank (ECB) defended on Thursday the budgetary stability pact for the 12 nations using Europe’s single currency, calling it “indispensable” for monetary union.... Yamaha shuts Vietnam plant HANOI, Oct 24: Yamaha Motor Company is the second foreign-invested motorbike assembler to suspend operations at its Vietnam manufacturing plant after running out of parts, according to company officials.... EU budget STRASBOURG, Oct 24: The European Parliament approved Thursday a first reading of the European Union’s 2003 draft budget, giving priority to plans for adding 10 more countries to the Union in... Dollar lower against yen LONDN, Oct 24: The dollar edged higher on Thursday amid speculation the US Federal Reserve could be poised to cut interest rates, possibly as early as next month, to bolster the... Saudi shares slightly down RIYADH, Oct 24: The Saudi shares index closed the week on Thursday slightly down as investors adopted a wait-and-see stance on rising tensions in the region over a possible US strike...

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