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July 13, 2003 Sunday Jumadi-ul-Awwal 12, 1424 Agriculture vision to achieve 6pc growth ISLAMABAD, July 12: The government has decided to thoroughly modernise the existing agriculture infrastructure in order to increase farm productivity.... Inflation rises by 3.10pc in 2002-03 ISLAMABAD, July 12: Inflation, as measured by Consumer Price Index (CPI), spiralled at the rate of 3.10 per cent during the financial year 2002-03, according to the review of price indices... Net asset value of 11 ICP funds increases KARACHI, July 12: Eleven of the 15 mutual funds that posted the highest rise in Net Asset Value (NAV) during the January-March 2003 quarter were the ICP mutual funds, an indication... 3 value-added textile items join $1bn club KARACHI, July 12: Another three trade bodies— knitwear, bedwear and readymade garments — involved in export of value-added textile goods have joined the elite club of ‘dollar one billion’ after they... Mango export SADIQABAD, July 12: Pakistan would soon be the number one exporter with the best fruit and improved marketing policies.... Roadmap for cut in tariff protection KARACHI, July 12: The Government has decided to prepare a roadmap “for the gradual reduction in very effective high protection granted to certain industries.”... Sizing units to go on indefinite strike FAISALABAD, July 12: Over 400 sizing units of the country would observe indefinite strike from July 16 in protest against government’s failure to withdraw amended sections of the Sales Tax Act.... ECO moot to discuss trade, investment ISLAMABAD, July 12: The second ministerial meeting of Economic Cooperation Organization (ECO) on commerce and foreign trade scheduled to be held here on July 17 will discuss measures for enhancing intra-regional... Carpet makers for free trade with India LAHORE, July 12: Pakistan’s carpet producers and exporters want free trade with India in order to “jointly counter pressures of importers from developed countries” that often result in lower prices of... NWFP to have marble development institute ISLAMABAD, July 12: Federal Commerce Minister, Humayun Akhtar Khan said on Friday the government would soon set up a marble development institute in the NWFP to promote marble industry and export... New income tax return form ISLAMABAD, July 12: The Central Board of Revenue issued here on Saturday a modified income tax return form with minor changes for individuals and association of persons (AOPs) for the year... Dollar rallies against euro, yen NEW YORK, July 12: The dollar rallied on Friday as the euro was dragged lower after German Chancellor Gerhard Schroeder appeared to call on the European Central Bank to curb the... IMF asks BD to boost growth WASHINGTON, July 12: The International Monetary Fund on Friday praised Bangladesh’s prudence on managing the recovery of its economy but said challenges lay ahead to further boost growth and reduce poverty.... US stocks rebound despite weak data NEW YORK, July 12: Stocks rebounded on Friday from two weak sessions as investors shrugged off lacklustre economic news and focussed on what many see as gradually improving conditions.... New York cotton futures firmer NEW YORK, July 12: NYCE cotton futures finished slightly firmer on Friday on light speculative buying as most of the trade appears to have easily absorbed a pair of friendly USDA... US, Singapore trade pact progressing JAKARTA, July 12: The ratification progress in Washington for a landmark free-trade agreement linking the world’s largest economy to Southeast Asia’s financial hub is going well, Singapore’s trade minister said on... India forex reserves at record $82.774bn MUMBAI, July 12: India’s foreign exchange reserves rose to a record high of $82.774 billion in the week to July 4, helped by inflows from strong foreign portfolio investments in the... Poultry rates KARACHI, July 12: The Pakistan Poultry Association on Saturday issued following rates.... Poor states asked to pursue reforms agenda UNITED NATIONS, July 12: “The world is on track to halve income poverty by 2015, driven by the tremendous economic growth of China and India,” said a UN economist and the... Qatar, Conoco confirm $5bn LNG deal SAN FRANCISCO, July 12: Qatar and US oil company ConocoPhillips on Friday confirmed, as expected, an agreement that could fetch $5 billion and will send liquefied natural gas (LNG) from the...

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