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December 18, 2002 Wednesday Shawwal 13, 1423 EU offers quota, duty-free access: Farm exports ISLAMABAD, Dec 17: The European Union (EU) has decided to offer “duty free and quota free access” for all agricultural exports from the World’s poorest countries.... Falling $, prices blamed for ‘poor return’: Textile exports KARACHI, Dec 17: A 16.5 per cent increase in export of textile products in last five months has not brought much joy to Pakistan’s fabulously rich textile tycoons who now blame... Priority agenda for talks with IMF: Poverty reduction strategy KARACHI, Dec 17: The Jamali government’s first major agenda for talks with multilateral donors would be poverty reduction strategy, which, official sources say, would provide the basis for the IMF’s continued... World Bank for export-led growth policy ISLAMABAD, Dec 17: The World Bank has asked Pakistan to adopt export-led growth policy for economic turnaround and seek foreign investment in dynamic and productive sectors instead of mega infrastructure projects.... Leather, made-ups exports fall by 33pc KARACHI, Dec 17: Export of leather and leather goods registered a steep fall of around 33 per cent during the month of November 2002, thereby extending the declining trend which gripped... Stocks hit nine-year high amid speculative buying KARACHI, Dec 17: The KSE 100-share index on Tuesday confidently crossed the barrier of 2,500 points as bulls were not inclined to take even a technical breather and indulged in fresh... Sugarcane price fixed at Rs43 KARACHI, Dec 17: Industries and Production Minister Liaquat Ali Jatoi announced on Tuesday sugarcane price had been fixed at Rs43 per 40 kilograms in Sindh for the current season.... ‘Trade policy not implemented as yet’ ISLAMABAD, Dec 17: Commerce Minister Humayun Akhtar Khan on Tuesday regretted that Trade Policy 2002-03 had not been implemented yet despite lapse of six months now.... Gold import suspended as prices rise KARACHI, Dec 17: Local dealers have suspended gold import for last two weeks following abnormal rise in international gold price. In last 24 hours bullion rates jumped by eight to nine... New NOC, registration criteria for local agents KARACHI, Dec 17: All the locally owned Pakistan companies working as agents of foreign shipping companies, airline companies, cargo consolidators or courier service companies will now seek no objection certificates, registration... NERA 2002 KARACHI, Dec 17: The first National Economy Revival Awards (NERA 2002) giving ceremony shall be held in the mid of January 2003. The award shall be given on the recommendations of... Oil prices LONDON, Dec 17: Oil prices slipped back on profit taking after surging to their highest level in two months a day earlier on worries over Venezuelan supply disruptions and the looming... ‘NWFP share can’t be adjusted against FATA arrears’: Hydel profit PESHAWAR, Dec 17: Water and Power Minister Aftab Ahmed Sherpao has said NWFP’s net hydel profit share cannot be adjusted against the arrears payable by the electricity consumers of the Federally... Aggressive buying on cotton market KARACHI, Dec 17: Cotton market on Tuesday burst into activity as both spinners and mills made hectic covering purchases at the prevailing levels against their forward sales of cotton yarn.... Plan under way to launch Islamic banking FAISALABAD, Dec 17: The governor, State Bank of Pakistan, Dr Ishrat Hussain, has said that a one-window scheme was being introduced in all the commercial banks to provide interest-free banking.... Pakistan, Iran discuss trade ISLAMABAD, Dec 17: Iran’s Deputy Minister for Road and Transport, Seyyed Masih Momeni, on Tuesday said that his country was in the process of upgrading Zahidan-Kirman Railway Section, stretching over 550-km,... LSE polls LAHORE, Dec 17: The Lahore Stock Exchange elections for its five directors for the year 2003 is scheduled to be held on Dec 28.... Karachi Port operations KARACHI, Dec 17: Three ships carrying DAP fertilizer and sugar for Afghanistan are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Need for joint ventures stressed KARACHI, Dec 17: Industries and Production Minister Liaquat Ali Jatoi on Tuesday underlined the need for human resource development and joint ventures between private and public sectors.... PSO honoured KARACHI, Dec 17: Pakistan State Oil (PSO) has been honoured as the first local corporate entity to be studied as a case of exemplary corporate transformation by the Wharton Business School...

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