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March 26, 2003 Wednesday Muharram 22, 1424 WTO moot 71 states introduce dumping law GENEVA, March 25: Developing countries, including Pakistan, are actively using the anti-dumping measures to protect their domestic products against cheap imports.... Businessmen fear long war to affect exports LAHORE, March 25: As the US-led war in Iraq is likely to continue for a while, the worries of higher oil prices, increased freight charges and a possible cancellation of export... Pakistan for abolition of quota tariff: Agriculture exports ISLAMABAD, March 25: Pakistan has called for elimination of all sorts of tariffs on agriculture exports to quota countries and suggested that special safeguard measures (SSM) should only be allowed to... Car sales up by 37 per cent in July-February KARACHI, March 25: Declining interest rates, persistent inflow of home remittances and frequent model change remained the key factors in pushing car sales up by 37 per cent in the July-February... SMEs financing LAHORE, March 25: The prudential regulations of the banking sector need to be gradually changed in order to meet the growing financial requirements of the small and medium enterprises.... Special zone for Chinese investors BEIJING, March 25: A special industrial zone, with maximum incentives, will be set up in Pakistan for Chinese investors.... Customs staff go-slow hits external trade KARACHI, March 25: The ‘go-slow’ at ports by customs staff is adversely affecting the external trade (import-exports), exporters said.... Dawood Hercules pretax profit up by 37.4pc KARACHI, March 25: Dawood Hercules Chemicals Limited — the fertilizer manufacturer — unveiled results for the year ended December 31, 2002, on Tuesday, showing improved profit on lower sales.... SBP sucks in Rs3.2bn thru PIBs auction KARACHI, March 25: Yields fell sharply at a Pakistan Investment Bonds (PIBs) auction on Tuesday, fuelled by huge liquidity in the banking system due to rising remittances from overseas Pakistanis and... Oil prices rise LONDON, March 25: Oil prices rose higher again on Tuesday as traders took fright at increasingly tough battles faced by coalition troops in Baghdad as well as spiralling ethnic conflict around... Stock market shows mixed performance KARACHI, March 25: Stocks on Tuesday again turned in a mixed performance as leading investors were not inclined to make fresh commitments apparently following reports from the Gulf war and mostly... NWFP likely to qualify for WB second tranche PESHAWAR, March 25: The NWFP government is expecting to get second tranche of $90 million under the World Bank’s structural adjustment credit (SAC) facility during the financial year 2003-04, according to... Spinners buy cotton at ginners’ options KARACHI, March 25: Active trading was witnessed on the cotton market on Tuesday as spinners resumed their covering operations after ginners refused to lower their asking prices.... Karachi Port operations KARACHI, March 25: Nine ship carrying containers, general cargo and to load molasses are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Rind for improving cotton yield, quality KARACHI, March 25: The Federal Minister for Food, Agriculture and Livestock, Sardar Yar Mohammad Khan Rind, has stressed upon the research organizations to evolve high-yielding, virus-resistant and long-staple cotton varieties for... European stocks rebound LONDON, March 25: European share prices reversed early losses on Tuesday as Wall Street opened relatively stable and amid claims from the US-led coalition of key victories in southern Iraq.... FIBL rated BBB+, A2 LAHORE, March 25: The Pakistan Credit Rating Agency (Pacra) has upgraded the long-term entity rating of Fidelity Investment Bank Limited to “BBB+” (triple B plus) and maintained the short-term entity rating... Consumer confidence WASHINGTON, March 25: US consumer confidence, already at a near 10-year low, crumbled again in March in the run-up to the Iraqi war, a survey by the private research group Conference... Dollar continues falling LONDON, March 25: The dollar fell against the euro and yen on Tuesday but traded within narrow ranges late in the day as investors waited on the sidelines to see how... Palm oil prices down KUALA LUMPUR, March 25: Malaysia’s palm oil futures snaked lower on Tuesday and were likely to extend falls in coming days as traders gave up hope for a speedy end to...

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