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May 9, 2003 Friday Rabi-ul-Awwal 6, 1424 Unlicensed edible oil imports banned ISLAMABAD, May 8: The government has decided to ban import of edible oils by unlicensed importers to maintain quality control in the vegetable ghee industry.... 15,000 tons chick-peas exported to India KARACHI, May 8: Local exporters have sent 15,000 tons of desi chick-peas to India from April till now this year after a gap of over five years as a result of... Ministry worried by ECC decision: Oil investment ISLAMABAD, May 8: The petroleum ministry is worried that there would be no investment, local or foreign, in the oil marketing sector for quite a long time due to an adverse... ABL: difficult sale with simple approach KARACHI, May 8: The State Bank is formulating a policy for sell-off of the Allied Bank of Pakistan (ABL) which would be made public at an appropriate time, SBP sources here... Sugar output set to touch 3.7m tons KARACHI, May 8: Sugar production during the current crushing season is expected to reach near 3.7 million tons as boilers of some of the mills in the Punjab are still running.... Goods transporters end strike KARACHI, May 8: The goods transporters have called off their strike on Thursday, following City Nazim Naimatullah Khan’s decision to relax restriction on movement of heavy vehicles in the city.... $220m MoUs signed with Afghan traders PESHAWAR, May 8: Memoranda of Understanding (MoUs) involving $220m were signed between Pakistani and Afghan traders for the export of a variety of items to Afghanistan during a three -day “Rebuild Afghanistan Trade Fair”... Pakistan, Britain trade group ISLAMABAD, May 8: Pakistan on Thursday launched Pak-Britain Trade and Investment Group in London aiming at encouraging greater interaction between the private sectors of both countries.... Ghee export to Kabul ISLAMABAD, May 8: Pakistan Vanaspati Manufacturers Association (PVMA) has requested the government to allow export of vegetable ghee and cooking oil to Afghanistan via land route from manufacturing bonds.... ECB rate FRANKFURT, May 8: The ECB held its key interest rates steady on Thursday and provided no real clues as to when it might lower them. As widely expected, the ECB held... Rs2.1bn NBP facility for Mobilink ISLAMABAD, May 8: The National Bank of Pakistan (NBP) will provide trade and funding facility of Rs2.1 billion to Mobilink for upgrading its services and to enhance the capacity of subscribers... Index inches up to 2,962 amid short-covering KARACHI, May 8: Stocks on Thursday finished higher followed by active short-covering by both leading investors and financial institutions on the blue chips counters but prices moved in an extremely narrow... Govt to make voluntary tax payment easier ISLAMABAD, May 8: The voluntary compliance under the head of direct taxes is likely to aggravate as income and corporate taxes will be operating under the universal self assessment scheme from... Light physical business on cotton market KARACHI, May 8: Cotton market on Thursday resisted fresh decline as ginners were not inclined to follow the bearish trend in world trading centres and held on firmly to their unsold... TCP asked to purchase Balochistan onions ISLAMABAD, May 8: The Economic Coordination Committee (ECC) of the Federal Cabinet has directed the Trading Corporation of Pakistan (TCP) to purchase 5,000 tons of Balochistan onions for export, according to... PVMA seeks tax relief, removal of ‘anomalies’ ISLAMABAD, May 8: Pakistan Vanaspati Manufacturers Association (PVMA) has urged the government to provide relief in the up-coming budget particularly harsh fiscal measures and anomalies, which have continued to adversely hurt... Karachi Port operations KARACHI, May 8: Five ships carrying containers, general cargo and to load naptha are due to arrive at the outer anchorage on Friday, according to a KPT activity report.... Pakistan, Switzerland trade KARACHI, May 8: Swiss Consul General, Julius F. Aderegg has said that Swiss importers are interested in buying leather products, textile items and surgical instruments.... Production base KARACHI, May 8: Federal Minister for Industries and Production, Liaquat Ali Jatoi, has said the government is pursuing the goal of strengthening the manufacturing base, attracting more investment and generating more... Palm oil prices higher KUALA LUMPUR, May 8: Malaysian palm oil closed up for a second straight day, fuelled by optimism that exports for the first 10 days of this month would be sharply higher...

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