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April 9, 2003 Wednesday Safar 6, 1424 OGDCL PC board okays IPO of govt shares ISLAMABAD, April 8: The Privatization Commission Board, which met here again on Tuesday, approved in principle the Initial Public Offering (IPO) of GoP shares in the Oil and Gas Development Company... Informal sector captures 70-80pc market share: Cooking oil industry KARACHI, April 8: The 16-kg ghee tin, a symbol of the informal sector in cooking oil industry, has pushed 2.5 and five litre tin packs, identified with formal sector, to the... Package for Balochistan industry soon QUETTA, April 8: The government will provide tax holiday and exempt industrial units from customs duty which are being set up in different sectors of Balochistan.... Speculators pounce on Iraqi dinar KARACHI, April 8: The demand for Iraqi dinar — a least-traded currency in this part of the world — has risen after the US invasion of Iraq.... PM announces Package for ZTBL borrowers ISLAMABAD, April 8: Prime Minister Mir Zafarullah Khan Jamali here on Tuesday announced a special package for the borrowers of Zarai Taraqiati Bank Ltd (ZTBL), formerly known as ADBP.... NBP posts Rs2.25bn profit KARACHI, April 8: The National Bank of Pakistan (NBP) announced profit after tax of Rs2.25 billion for the year ended December 31, 2002, which represented 96 per cent jump from taxed... IGATEX to strengthen ties with Turkey KARACHI, April 8: Ambassador of Turkey in Pakistan, Hasan Kemal Gur has hoped that the trade relations and friendship between the two countries will further improve and strengthen owing to holding... Powerloom sector gets Rs200m LAHORE, April 8: The State Bank of Pakistan has established a credit line of Rs200 million for the first phase of the programme designed by Smeda to upgrade powerlooms sector.... Govt forms budgetary committee ISLAMABAD, April 8: The government has constituted a high-level committee for considering budgetary proposals before it would be presented in the Parliament for final approval.... Category-6 quota price goes up LAHORE, April 8: The quota price (per piece) in category-6 (bottomwear) has gone up to Rs85 from Rs60 since January 2003 due to uncertainty prevailing in the market about the availability... Bull-run continues on stock market KARACHI, April 8: Stocks on Tuesday rose further on a wide front followed by fresh heavy buying in most of the pivotals aided by encouraging corporate announcements, notably from National Bank... Plan to promote organic cotton cultivation ISLAMABAD, April 8: Ministry of Food, Agriculture and Livestock (MINFAL) has drawn up a plan to promote cultivation of organic cotton and to make Pakistan self-sufficient in long staple cotton during... Spinners indulge in moping operations KARACHI, April 8: Trading activity picked up on the cotton market on Tuesday as spinners resumed covering purchases and lifted all the lots offered for sales by the ginners irrespective of... KCCI’s concern at removal of items: ATT negative list KARACHI, April 8: President Karachi Chamber of Commerce and Industry (KCCI), Mian Nasser Hyatt Maggo has expressed concern over expanding the list of items to be imported under Afghan Transit Trade... Karachi Port operations KARACHI, April 8: Four vessels carrying containers and general commodities are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Govt urged to encourage export of parboil rice KARACHI, April 8: The Rice Exporters Association of Pakistan (REAP) has urged the government to facilitate export of parboil rice which is in great demand in the world market.... Taxation pact with Japan ISLAMABAD, April 8: The federal cabinet is likely to approve the revision of the convention on avoidance of double taxation on income between Pakistan and Japan for facilitating the trade.... Afghanistan Reconstruction Foundation proposed LAHORE, April 8: The Lahore Chamber of Commerce and Industry (LCCI) has proposed the establishment of an Afghanistan Reconstruction Foundation (ARF) to enable both public and private sectors to effectively participate... Palm oil dives KUALA LUMPUR, April 8: Malaysian palm oil flew deep into negative territory on Tuesday as players disagreed over the potential for the market’s exports under Iraq’s food-for-oil programme, which bolstered prices... Commodity markets MULTAN, April 8: The following are Tuesday’s upcountry commodity market rates in rupees:...

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