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July 1, 2003 Tuesday Rabi-us-Sani 30, 1424 Sindh seeks revision in distribution ratios: GST share KARACHI, June 30: Sindh is learnt to have sent a letter to Islamabad on Monday asking for a revision in the distribution ratios of 2.5 per cent GST collection in light... Revenue collection falls short of target ISLAMABAD, June 30: The revenue receipts fell short of target by Rs4.4 billion during the financial year 2002-03 to Rs454.5 billion against the downward revised target of Rs458.9 billion.... India plans to export 10m kg tea to Pakistan KARACHI, June 30: India is willing to sell 10 million kgs of tea to Pakistan by offering competitive prices in the next one year as compared to export of 3-3.5 million... Quality rice to ensure better price: Soomro KARACHI, June 30: The acting president and chairman senate Mohammadmian Soomro on Monday advised the stakeholders in rice to work together to face global challenges of competitive price and quality demand.... Azerbaijan, SEC sign MoU KARACHI, June 30: State Engineering Corporation (SEC) and Ministry of Economic Development Azerbaijan last week signed a memorandum of understanding (MoU) to avail the capabilities of Pakistan’s engineering industry for its... Pakistan for Safta talks in August ISLAMABAD, June 30: Pakistan on Monday said it had suggested to India that the next round of South Asian free trade talks take place in August.... SBP gets $121m from IMF KARACHI, June 30: Pakistan has received $121 million worth of sixth tranche out of a $1.47-billion Poverty Reduction and Growth Facility (PRGF) of the IMF.... Banks, DFIs to tell CBR of return on deposits KARACHI, June 30: The State Bank has asked all banks and DFIs to report to the CBR after every six months the profit or return paid to their clients if it... Chinese team briefed on investment prospects ISLAMABAD, June 30: A three-member Chinese business delegation led by Zhou Yong, the president of Xinjiang International Economic Corporation on Monday discussed investment opportunities with BoI secretary Dr Agha Ghazanfar and... Rupee up by 3.6pc KARACHI, June 30: The rupee gained 3.6 per cent value against the US dollar in the inter-bank market in fiscal year July-June 2002-03.... Export finance rate at 3.5pc KARACHI, June 30: Exporters will continue to get export finance from banks at 3.5 per cent in July as the State Bank has left its export refinance rate unchanged at two... KSE 100-share index maintains upward movement KARACHI, June 30: The Karachi stock market moved into tenth consecutive week of upward movement of shares. But the increase in KSE-100 index on Monday was a minor 2.40 points.... NRL tender SINGAPORE, June 30: National Refinery Limited (NRL) has issued a tender to sell full-range naphtha under term supply for August through to December loading, a company official said on Monday. NRL... Central bankers confident of economic upturn BASEL (Switzerland), June 30: Central bankers at the annual meeting of the Bank for International Settlements on Monday voiced confidence in an economic upturn by the end of the year, pointing... Cotton market lacks lustre KARACHI, June 30: Amid lacklustre trading raw cotton prices finished lower in the local market on Monday. The buyers adopting a wait and see attitude in order to have a better... Mills seek duty cut on raw steel LAHORE, June 30: The Pakistan Steel Re-rolling Mills Association on Monday demanded of the government to reduce customs duty on import of raw steel from present 20 to 10 per cent.... Karachi Port operations KARACHI, June 30: The Karachi Port on Monday handled 31,172 tons cargo— 11,054 export and 20,118 import. Among export cargo wheat and sugar were 992 tons and 871 tons respectively, while... Dollar higher against euro LONDON, June 30: The dollar edged up against the euro and yen on Monday as dealers waited to see whether a looming batch of US data would justify markets’ increased optimism... Palm oil up KUALA LUMPUR, June 30: Malaysian palm oil ended higher after a flurry of eleventh-hour buying lifted a market disappointed with export estimates for June.... Credit rating KARACHI, June 30: JCR-VIS credit rating co. has assigned to Pak Oman Investment...

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