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January 30, 2003 Thursday Ziqa’ad 26,1423 SBP to hold interest rates stable: Jan/June 2003 KARACHI, Jan 29: The State Bank of Pakistan has reinforced its earlier estimates about the economy growing at the targeted rate of 4.5 per cent this fiscal year by saying that... Private sector credit rises KARACHI, Jan 29: Commercial banks have finally listened to the SBP advice of making more credit available to the private sector.... CBR to conduct survey on tax reforms ISLAMABAD, Jan 29: Adviser to prime minister, Shaukat Aziz has asked the Central Board of Revenue (CBR) to conduct a survey through independent institutions to get taxpayers perception about changes made... Govt may ban filament yarn import ISLAMABAD, Jan 29: The government is likely to ban import of filament yarn under the Duty and Tax Remission for Export (DTRE) scheme.... Fauji, Engro declare results, dividends KARACHI, Jan 29: The two fertilizer giants, Fauji Fertilizer and Engro Chemical — which together control over 70 per cent of the market share — announced on Wednesday, the financial results... Iraq war may push up trade deficit ISLAMABAD, Jan 29: Pakistan’s trade deficit is expected to expand by 10 to 15 per cent if the US attacks Iraq, according to a preliminary projection.... Stocks, dollar sink; oil, gold prices rise LONDON, Jan 29: World stock markets and the dollar stumbled again on Wednesday, while oil and gold prices rose, after a belligerent speech by US President George Bush appeared to pave... Electronic filing of shipping document KARACHI, Jan 29: The Collectorate of Customs (export), Karachi, is introducing electronic filing of single shipping document in its collectorate from February 6, 2003.... Qatar gas project KARACHI, Jan 29: A three-member technical team from Pakistan would visit Crescent Petroleum in Sharjah to discuss technical activities of the Qatar Gas Project in light of the meeting of the... Fudda on stock market fall KARACHI, Jan 29: The Karachi Stock Exchange on Wednesday said that contrary to some media reports, the market fall last week was not due to any problems relating to capital adequacy... Bears tighten hold on stock market KARACHI, Jan 29: Stocks on Wednesday finished with an extended fall under the lead of energy sector as leading investors played on both sides of the fence in the absence of... Rind for raising cotton yield ISLAMABAD, Jan 29: The Federal Minister for Food, Agriculture & Livestock, Sardar Yar Muhammad Rind, has stressed the need of raising the per hectare yield of cotton and asked for using... REAP to hold ‘Biryani’ festival KARACHI, Jan 29: The rice exporters will organize ‘Biryani Festival’ in South Africa on the eve of cricket World Cup being held there. The objective of the event is to popularize... Prices steady on cotton market KARACHI, Jan 29: Cotton prices on Wednesday stayed firm amid moderately active trading as spinners and mills continued to cover their forward positions against foreign sales of cotton yarn.... Service Textile penalized ISLAMABAD, Jan 29: Securities and Exchange Commission of Pakistan has penalized seven directors including the Chief Executive of Service Industries Textiles Limited, a spinning unit, for allegedly disposing of a sizable... Karachi Port operations KARACHI, Jan 29: Six ships carrying palm oil and soyabean seeds are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Carpet unit price falls by 31.85pc LAHORE, Jan 29: The average unit price of carpets exported from Pakistan has been on the decline for the last 14 years as it fell by 31.85 per cent to $58.12... Century Paper earns Rs131m KARACHI, Jan 29: Century Paper & Board Mills Limited posted after tax profit at Rs131 million for the six months ended December 31, 2002, reflecting 25 per cent growth over the... CU Managed Fund KARACHI, Jan 29: Commercial Union Life Assurance Co (Pakistan) Ltd has announced that the Offer and Bid Prices for the insured units of its Managed Fund effective from January 30 are... Palm oil prices fall KUALA LUMPUR, Jan 29: Malaysia’s palm oil futures endured further pressure in late trade on Wednesday as pre-holiday selling intensified and fears of a possible Gulf war put pressure on sentiment,...

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