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October 30, 2002 Wednesday Sha’aban 23,1423 Policymakers differ on interest rates KARACHI, Oct 29: The finance minister and the governor of State Bank seem to hold divergent views on the immediate need to reduce interest rates.... RD formula under study to protect local items ISLAMABAD, Oct 29: The ministry of industry and production is likely to chalk out a comprehensive mechanism for levy of provisional regulatory duty on the import of products that are causing... Smeda undertakes ginning industry upgradation KARACHI, Oct 29: Small and Medium Enterprise Development Authority (Smeda) with the assistance of French expert has undertaken the task of upgradation of ginning industry. And it is expected that around... PSO pre-bid moot likely next week, says Altaf KARACHI, Oct 29: Minister for Privatization, Altaf Saleem, on Tuesday said that the pre-bidding meeting for the Pakistan State Oil will be tentatively held in the first week of November.... $35m IFC loan for DSFL ISLAMABAD, Oct 29: International Finance Corporation (IFC) will offer $35 million to a private sector company to help improve its existing fibre network.... SLIC pays Rs17bn in claims KARACHI, Oct 29: The State Life Insurance Corporation (SLIC) has paid Rs17 billion claims on account of maturity and death of policyholders to 455,393 persons since 1972.... Good governance key to economic success: Shaukat ISLAMABAD, Oct 29: The sustainability of growth process is based on structure of governance and its institutions,” says Finance Minister Shaukat Aziz.... Lending, deposit rates gap widens to 8.3pc KARACHI, Oct 29: The gap between weighted average lending and deposit rates has widened from 4.8 per cent in June 1991 to 8.3 per cent at the end of June 2001.... Stock market resumes upward drive KARACHI, Oct 29: Stocks on Tuesday resumed their upward drive as bulls were not inclined to sit on the sidelines ahead of PTCL board meeting on Wednesday (today) and a market... Removal of CBR offices from NAs demanded ISLAMABAD, Oct 29: The Northern Areas Chamber of Commerce and Industries (NACCI) has asked the government to immediately stop collection of customs duty at Sost checkpost and remove its offices from... Norway interested in Pakistani products KARACHI, Oct 29: The Norwegian importers and trade officials have shown keen interest in Pakistani products including textiles, sports goods, surgical instruments.... 86 French cos to participate in Iraq fair PARIS, Oct 29: Despite the looming US-led air strike on Iraq, 86 leading French companies — in the sectors of construction, pharmaceuticals, petroleum, agriculture and telecommunications — have decided to take... Port Qasim KARACHI, Oct 29: Three ships carrying chemicals, furnace oil and containers were allotted berths at Engro Vopak Terminal, Steel Jetty and Qasim International Container Terminal during the last 24 hours, says... PARCO performance ISLAMABAD, Oct 29: President Pervez Musharraf on Monday chaired a high-level meeting to review the performance of Pak-Arab Refinery Limited (PARCO).... ‘CBR can amend ITO 2001’ KARACHI, Oct 29: The Member (Coordination), Central Board of Revenue (CBR), Mansoor Ahmed Khan said on Tuesday that CBR can issue clarification or even make amendments in Income Tax Ordinance 2001... Slow trading on cotton market KARACHI, Oct 29: Trading on the cotton market on Tuesday was relatively slow as spinners and mills took a technical breather to have a look at their inventories before resuming fresh... Global Islamic rating agency set up MANAMA, Oct 29: Islamic banks set up a specialised rating agency in Bahrain on Tuesday to evaluate Islamic financial institutions along with Islamic instruments to help make them acceptable internationally.... Office-bearers KARACHI, Oct 29: Haroon Farooki, Prof. M. Matin Khan and Rauf A. Sattar were elected unopposed chairman, senior vice chairman and vice chairman respectively of SITE Association of Industry for the... Australian wool falls SYDNEY, Oct 29: The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) fell three cents to 1132 cents a kg clean on Tuesday in sales at Sydney and Melbourne.... Dollar steady against euro LONDON, Oct 29: The dollar traded in a narrow corridor against the euro and yen on Tuesday ahead of a volley of data from the world’s largest economy....

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