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July 22, 2003 Tuesday Jumadi-ul-Awwal 21, 1424 Government exploring other options: Surplus sugar ISLAMABAD, July 21: Federal Commerce Minister Liaquat Ali Jatoi on Monday said the ministry was currently finalizing a couple of options to allow export of sugar.... Fresh EoI for KESC sell-off in 15 days ISLAMABAD, July 21: The government has decided to invite fresh expression of interest (EoI) within next 15 days to privatize Karachi Electric Supply Corporation (KESC) by December 2003.... PS chief defends selection mode: Iron ore suppliers KARACHI, July 21: Pakistan Steel Chairman retired Col Mohammad Afzal Khan has defended the procedure adopted for the selection of iron ore suppliers to steel mills for the next five years,... EU may levy 40pc duty on bedlinen KARACHI, July 21: The European Commission (EC) is proposing 40 per cent anti-dumping duty on import of bedlinen from Pakistan. Based on the Commission’s preliminary findings a substantial underselling of bedlinen... FPCCI criticizes non-inclusion of some proposals: New trade policy KARACHI, July 21: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Riaz Ahmed Tata has expressed dismay over non-inclusion of some important proposals of the FPCCI in the trade... Another 100 units of Chevy arrive KARACHI, July 21: A ship carrying around 100 units of American origin Chevrolet models (800cc), assembled in Korea, arrived at the port on Sunday, thus making a total arrival of 200... Refund issue: PVMA calls meeting tomorrow KARACHI, July 21: The Pakistan Vanaspati Manufacturers Association (PVMA) has called its general body meeting on Wednesday in Islamabad to discuss future strategy.... IHFL bridge finance offering KARACHI, July 21: International Housing Finance Limited (IHFL) has announced the successful subscription of its bridge finance offering amounting to Rs150 million, a press release issued by Orix Investment Bank Pakistan... NCL attracts nine buyers ISLAMABAD, July 21: National Construction Limited (NCL) that was offered for privatization without its liabilities has attracted nine prospective bidders.... Bid for NRL naphtha SINGAPORE, July 21: Pakistan’s state-owned National Refinery Limited (NRL) said on Monday Trafigura had offered the best bid into its tender to sell full-range naphtha for August through October.... Low-priced shares’ trading lifts index by 15 points KARACHI, July 21: Stocks remained in a bullish frame of mind on Monday as after a relatively slow start follow-up support figured prominently on the low-priced sectors, lifting the KSE 100-share... Sizing units go on indefinite strike FAISALABAD, July 21: Over 400 sizing units throughout the country on Monday observed a complete strike for an indefinite period against some of the taxation policies of the government.... EU sugar subsidies challenged in WTO GENEVA, July 21: Australia, Brazil and Thailand lodged formal complaints at the World Trade Organization Monday against the European Union’s sugar subsidies, warning that they “grossly distort” the sugar trade, officials... ICMAP announces result KARACHI, July 21: The National Council of the Institute of Cost and Management Accountants of Pakistan (ICMAP) in its 202nd meeting on Monday announced Spring-2003 session result.... Karachi Port operations KARACHI, July 21: Eight ships carrying containers, tallow, steel coils and to load ethanol are due to arrive at the outer anchorage on Tuesday, according to KPT sources.... Indian reforms NEW DELHI, July 21: India has made “impressive progress” in increasing incomes and living standards but needs economic reforms including “serious fiscal adjustment” to stay on the growth path, the World... Ginners raise asking prices for new crop KARACHI, July 21: Trading on the cotton market on Monday resumed on a higher note as reports of suspension of picking operations of phutti and its arrival into the ginneries owing... Ratings maintained LAHORE, July 21: The Pakistan Credit Rating Agency (Pacra) has maintained the ratings of both the secured TFCs of Rs348 million and Rs1.600 billion of the Pakistan PTA Ltd (PPTA) at... Four banks’ profit rates KARACHI, July 21: Bank Alfalah Limited has declared following rates of profit on various types of PLS deposits for the half year ended 30, 2003, says a press release.... Pound falls to three-month low against dollar LONDON, July 21: The pound fell to a three-month low against the dollar briefly on Monday as financial markets fretted over a crisis engulfing British Prime Minister Tony Blair after the...

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