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| November 20, 2002 | Wednesday | Ramazan 14, 1423 |
Pakistan, US agree to sign FTA soon
 ISLAMABAD, Nov 19: Pakistan and the United States have agreed to shortly sign a free trade agreement (FTA) to greatly help each other’s businessmen....
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Iran to review refinery project: Team due this month
KARACHI, Nov 19: A delegation of National Iranian Oil Company (NIOC) will arrive in the last week of this month to review the current status of the Iran-Pak Refinery Project particularly...
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CBR demands TCP to pay over Rs1bn
KARACHI, Nov 19: The income tax authorities have raised tax demand of over one billion rupees against the Trading Corporation of Pakistan (TCP). The demand pertains to annual subsidy received by...
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Phutti arrivals up by 7.33 per cent
KARACHI, Nov 19: Higher arrival of phutti by 7.33 per cent during the last fortnight (Nov 1 to 15) has brightened the prospects for larger cotton crop this season (2002-03)....
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Stocks cross psychological barrier of 2,300-point
KARACHI, Nov 19: Stocks on Tuesday staged a robust rally and consolidated above the psychological barrier of 2,300 points sending signals rubicon has been crossed decisively sans political worries....
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Gulf may face challenge: Gas discoveries
RIYADH, Nov 19: Once the projected new gas discoveries and developments in the sector in the Gulf Arab states — Iran and Iraq — are realized, the region could claim control...
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MoU signed with ADB for farm projects
ISLAMABAD, Nov 19: Pakistan has signed a memorandum of understanding (MoU) with the Asian Development Bank for agribusiness development and agriculture export from the country, a senior official told Dawn on...
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Aptma for cut in refinance rate
KARACHI, Nov 19: All Pakistan Textile Mills Association (Aptma) chairman Anjum Saleem has urged the Governor State Bank of Pakistan, Dr Ishrat Hussain, to also lower the rates of export refinance...
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Rupee pales in inter-bank market
KARACHI, Nov 19: The rupee on Tuesday lost eight paisa to a US dollar in the inter-bank market. Bankers said the rupee closed at 58.57/58.58 against the previous closing of 58.49/58.50....
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Ban on genetically modified basmati rice sought
KARACHI, Nov 19: Rice Exporters Association of Pakistan (REAP) is against the promotion of genetically modified basmati rice and has urged the Ministry of Food and Agriculture to immediately impose ban...
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Prices keep falling on cotton market
KARACHI, Nov 19: Cotton prices on Tuesday maintained their downward drift on hasty selling by ginners followed by larger than market arrivals of phutti into the ginneries....
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KCCI wants banks to cut lending rates
KARACHI, Nov 19: Karachi Chamber of Commerce & Industry president Shaukat Iqbal on Tuesday said the slashing of discount rate from 9 per cent to 7.5 per cent by the SBP...
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Karachi Port operations
KARACHI, Nov 19: Three ships including a bulk cargo carrier with 28,000 tons of DAP fertiliser are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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World Bank to increase farm lending
WASHINGTON, Nov 19: The World Bank has announced a new strategy for rural development, pledging to give more agricultural loans in a bid to improve living standards in poor regions....
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Iraqi oil exports up
NEW YORK, Nov 19: Iraqi oil exports averaged 1.19 million bpd in the week to last Friday, up a shade from the previous week’s 1.04 million bpd level, UN officials said...
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Personal tax
BERLIN, Nov 19: The German Finance Ministry said on Tuesday investors would have to pay personal tax on profits from investment funds....
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US consumer prices rise
WASHINGTON, Nov 19: Higher fuel costs drove US consumer prices up 0.3 per cent in October, taking the year-on-year inflation rate to 2.0 per cent, the government said on Tuesday....
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Euro buoyed by German data
LONDON, Nov 19: The euro gained ground against the dollar on Tuesday as better-than-expected German manufacturing data contrasted against recent weak sales figures from some leading US retailers....
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Palm oil prices
KUALA LUMPUR, Nov 19: Malaysia’s crude palm oil futures recouped earlier losses due to late short covering on Tuesday, but the market outlook remained uncertain as players braced for a slow...
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State Bank mops up Rs13bn
KARACHI, Nov 19: The State Bank on Tuesday mopped up part of the surplus liquidity from the banking system through one-week repo of treasury bills....
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