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| July 9, 2003 | Wednesday | Jumadi-ul-Awwal 8,1424 |
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Pakistan, India trade Document signed
KARACHI, July 8: The India-Pakistan Chamber of Commerce and Industry on Tuesday signed a document of joint recommendations for the promotion of bilateral trade between the two countries.... 
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Smuggled soaps flood local markets
KARACHI, July 8: Smuggled and under-invoiced soaps have virtually captured the local markets for being cheaper in prices, thus giving a tough time to the local industry....
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SHC orders amendment in Copyright Act: Trade mark infringement
KARACHI, July 8: The Sindh High Court (SHC) has directed the ministry of law to amend the Copyright Ordinance 1962, to ensure that no infringement of Trade Mark Act 1940, could...
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Mango may fetch better price
KARACHI, July 8: Mango exporters expect five to 10 per cent increase in exports earning because of better crop, shift towards low-cost refer containers, rising number of exporters, competitive price and...
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IMF backs new Iraqi notes
WASHINGTON, July 8: The International Monetary Fund welcomed on Tuesday US plans to introduce new banknotes in Iraq....
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State Bank invites bids for ABL sell-off
KARACHI, July, 8: The central bank has invited proposals from local and foreign financial institutions to buy a majority stake and help in the restructuring of Allied Bank Pakistan (ABL)....
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FPCCI wants SRO507 withdrawn
KARACHI, July 8: The Federation of Pakistan Chambers of Commerce and Industry has demanded of the government to withdraw/rescind SRO 507(I)/2003 issued on June 7, and suspend the operation of section...
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Unilever Pakistan
KARACHI, July 8: The Fortune magazine which released the list of Asia’s top 50 companies on Monday, wrote: “That there can be a pot of gold at the end of the...
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Saudi tax delegation due in Dec
ISLAMABAD, July 8: A tax delegation of Saudi Arabia is due to arrive here in December for second round of negotiations on a convention for avoidance of double taxation and prevention...
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KSE 100-share index crosses 3,500-point barrier
KARACHI, July 8: The KSE 100-share index on Tuesday again breached through the barrier of 3,500 points amid heavy buying triggered by the perception of return of sanity to the tense...
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Footwear traders asked to prepare for competition
ISLAMABAD, July 8: The Chairman, National Tariff Commission, Dr Faizullah Khilji here on Tuesday advised the local footwear industry to modernise their production techniques in order to face the imminent competition...
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Quieter conditions on cotton market
KARACHI, July 8: Cotton market on Tuesday stayed quiet as both spinners and ginners awaited reports from the cotton belt about the impact of last two days’ rain on the standing...
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USAS gives vast powers to tax officer: LTBA
LAHORE, July 8: The new Universal Self-Assessment Scheme (USAS) put in place on July 1 gives a lot of discretionary powers to the “assessing” officer and is likely to encourage corruption....
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Karachi Port operations
KARACHI, July 8: Four ships carrying rock phosphate, general cargo and containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Banking Diploma Results announced
KARACHI, July 8: The Council of the Institute of Bankers Pakistan (IBP) on Tuesday announced the result of Banking Diploma Examination held in April, 2003, says a press release....
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BD tea falls
CHITTAGONG, July 8: The average price of Bangladesh teas fell on poor quality at the weekly auction on Tuesday, brokers said....
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Dollar higher against euro
LONDON, July 8: The dollar rode higher against the euro and yen on Tuesday on rising optimism about the outlook for the US economy, which eclipsed news of an unexpected fall...
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Indian rupee at 33-month high
MUMBAI, July 8: The Indian rupee rose on Tuesday for the sixth successive day to end at its highest level in more than 33 months on robust foreign fund inflows, but...
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Palm oil futures up
KUALA LUMPUR, July 8: Malaysia’s crude palm oil futures ended mostly higher on Tuesday, aided by refiners covering on the physical sector, traders said....
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Ratings
LAHORE, July 8: Pakistan Credit Rating Agency (Pacra) has maintained long-term rating of Prime Commercial Bank Limited at “A” (single A) and short-term rating at “A1” (single A one)....
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