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October 27, 2002 Sunday Sha’aban 20,1423 Additional quota may invite EC embargo: Category 20 KARACHI, Oct 26: The additional quota allowed in category 20, by the Ministry of Commerce for export of bedlinen to European Union (EU) member countries has exposed the country to an... Rs100bn entities ready for sell-off LAHORE, Oct 26: The Privatization Minister Altaf Salim on Saturday said the government has already privatized public sector enterprises to the tune of $600 million to foreign and local businessmen, and... NSS being launched for expats tomorrow ISLAMABAD, Oct 26: National Saving Schemes (Defence Savings Certificates and Special Savings Certificates) are going to be launched for overseas Pakistanis on October 28 in Dubai. Minister for Finance and Economic... Gulf producers assure oil supply MUSCAT, Oct 26: Gulf oil producers vowed on Saturday to safeguard world supplies and protect their own regional markets, offering comfort to consumers fearful that a US assault on Iraq could... Sugar output rises by 7.85pc KARACHI, Oct 26: Pakistan Sugar Mills Association (PSMA) on Saturday said that the production of sugar in the country over the year has gone up by 7.85 per cent, while 83.50... SEL signs agreement with Chinese giant: Truck assembling KARACHI, Oct 26: Sindh Engineering Limited (SEL) has signed a franchise and technical cooperation agreement with Dong Feng Motors Company (DFMC) of China to roll out Chinese 1.5, 3.5 and 15... Growers fetching international: parity price: Phutti, lint MULTAN, Oct 26: The current cotton arrival season has opened with an unusual aspect: so far the growers are fetching international parity price against their produce in the domestic market.... Afghani being printed ‘illegally’ KABUL, Oct 26: The head of Afghanistan’s central bank said on Saturday he had asked the government to investigate reports that banknotes were being printed abroad illegally, after the currency hit... Transfer, postings in CBR ISLAMABAD, Oct 26: The Central Board of Revenue (CBR) on Saturday posted and transferred eight senior officials of Customs.... Business education and Kahuta output KARACHI, Oct 26: The director of Institute of Business Administration, Danishmand says IBA needs $9-10 million to acquire excellence in business education and promises that it’s benefits would exceed Kahuta output.... CBOT rough rice closes lower CHICAGO, Oct 26: Chicago Board of Trade rough rice futures ended lower on Friday on speculative profit-taking after nearby November and January contracts hit 3-week highs, floor brokers said.... WTO aides raise concerns about regional trade pacts LOS CABOS, Oct 26: With countries around the globe in a mad dash to negotiate as many trade pacts as they can, top World Trade Organization officials are urging them to... Blair insists EU farm reforms inevitable BRUSSELS, Oct 26: British Prime Minister Tony Blair was defiant in defeat on Friday, insisting reforms to European Union farm subsidies were inevitable even though a key summit decided to postpone... Dollar cannot capitalize on strong US stock market NEW YORK, Oct 26: The dollar did not benefit from Friday’s stock market rally that clinched a third week of gains for US equities but the greenback also did not suffer... US stocks jump NEW YORK, Oct 26: Stocks staged a late rally on Friday, propelling the market to its third straight week of gains, as investors snatched up companies like Intel Corp and Merck... New York cotton futures higher NEW YORK, Oct 26: NY cotton futures closed with sharp gains on Friday after punching definitively through key resistance on heavy fund buying, but traders said the rapid rise in an... Saudi says no plan to tax nationals’ income DUBAI, Oct 26: Saudi Arabia’s finance minister said in remarks published on Saturday the oil-rich kingdom has no plans to tax the income of its nationals, but it was mulling a... Gloomy US economic data refreshes recovery fears WASHINGTON, Oct 26: Plunging durable goods orders and growing consumer gloom raised new concerns about the US economic recovery on Friday while housing offered a rare bright spot in the economic... No alternative to reforms: Jaswant MUMBAI, Oct 26: Indian Finance Minister, Jaswant Singh, seeking to calm investors’ doubts about the country’s faltering reforms programme, said on Saturday he was committed to reforms to achieve better economic... North Korean delegation in Seoul to study economy SEOUL, Oct 26: A high-powered North Korean delegation on Saturday began a nine-day inspection of the dynamic economy of the capitalist South as the North engages in a drive to rescue...

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