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November 21, 2002 Thursday Ramazan 15, 1423 SBP in a fix over refinance rate cut KARACHI, Nov 20: The State Bank is in a fix. Its officials are not sure how they will cut the export refinance rate next month. The exporters, on the other hand,... O’Neill for open trade with neighbours LAHORE, Nov 20: US Treasury Secretary Paul O’Neill on Wednesday urged Pakistan to lower trade barriers with its closest neighbours to enjoy fully the benefits of open regional trade.... SHC summons collector: Kinoo export KARACHI, Nov 20: The Sindh High Court (SHC) on Wednesday took serious notice of the decision taken by Collectorate of Customs (Exports) disallowing export of kinoo in wooden crates from November... Freight subsidy procedure notified ISLAMABAD, Nov 20: The government has announced procedure and conditions for claiming 25 per cent freight subsidy on export of new products and export to new markets, a senior official told... Chinese firm to build power plant in NWFP PESHAWAR, Nov 20: The NWFP government and a Chinese construction firm on Wednesday signed an agreement to build an 81-megawatt hydropower generation project that officials said would save one billion rupees... United National Bank Ltd in UK KARACHI, Nov 20: Pakistan International Bank (UK) Ltd., the UK based joint venture of United Bank Ltd and National Bank of Pakistan, has renamed itself as United National Bank Ltd.... Sui Southern Gas Company: CORPORATE PROFILE KARACHI, Not 20: The financial figures for the first-quarter ended September 30, 2002, released earlier this month showed the gas utility posting pretax profit at Rs471 million, representing 5.6 per cent... Ballot for audit ISLAMABAD, Nov 20: The ballot for selection of cases for audit under self-assessment scheme (SAS) is likely to be held on Saturday.... Benchmarking study ISLAMABAD, Nov 20: Minister for Commerce, Industries & Production, Abdul Razak Dawood said on Wednesday government was undertaking a benchmarking study to determine productivity standards for the spinning sector.... Stocks up on heavy buying in PTCL, Hub-Power KARACHI, Nov 20: Heavy buying in PTCL and Hub-Power triggered apparently by the election of the pro-government National Assembly speaker and deputy speaker pushed the KSE 100-share index further higher, although... NWFP receives Rs5bn from FDP in four months PESHAWAR, Nov 20: NWFP has received around Rs5 billion from the federal divisible pool (FDP) during the first four months of the current financial year, apparently getting limited the scope what... Prices steady on cotton market KARACHI, Nov 20: Cotton prices on Wednesday remained stable as ginners slowed down their selling offers despite overtures from spinners to raise their bid rates and held on to their positions.... EU asks US to lift trade barriers BRUSSELS, Nov 20: The European Union called Wednesday in an annual report for the United States to lift a host of trade barriers including contentious measures to protect US steelmakers.... Software users asked to get licence LAHORE, Nov 20: The Business Software Alliance (BSA) has warned all the companies to get their software licensed by December 10, otherwise legal action will be initiated against the infringers of... Karachi Port operations KARACHI, Nov 20: Five ships carrying DAP fertilizer, containers and to load naphtha and molasses are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... ST invoices Procedure notified ISLAMABAD, Nov 20: The Central Board of Revenue has notified that all registered persons should make purchases/supplies against progressively serial numbered invoices for the financial year 2002-03.... O’Neill visits Khushhalibank ISLAMABAD, Nov 20: The US Secretary of Treasury O’Neill has appreciated the progress of microfinance in Pakistan. He said that the poor, particularly women, needed access to financial services and small... Euro retreat against dollar LONDON, Nov 20: The euro retreated against the dollar on Wednesday amid concerns about the German economy given signs of weakness in the financial sector and plans by Chancellor Gerhard Schroeder... Palm oil slightly up KUALA LUMPUR, Nov 20: Malaysia’s crude palm oil futures edged slightly higher on Wednesday, boosted by a stronger soyoil market, but some chartists said the downtrend was intact due to the... Container service SIALKOT, Nov 20: The chairman, Sialkot Dry Port Trust, Muhammad Siddique Lone, has said that Sialkot Dry Port Trust has introduced a container service from Sialkot to Peshawar airport....

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