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July 29, 2003 Tuesday Jumadi-ul-Awwal 28, 1424 Investment in textile touches $4 billion KARACHI, July 28: Total investment in textile industry during the last four years is now being estimated at $3 to $4 billion that has led to improvement in productivity, both in... Canadians asked to invest in Pakistan MONTREAL, July 28: Commerce Minister Humayun Akhtar has asked Canadian business houses to make investments in Pakistan as WTO’s mini ministerial meeting began here on Monday amid protests.... Queries being received about bonds: Shaukat ISLAMABAD, July 28: Finance Minister Shaukat Aziz said here on Monday that debt office of the finance ministry was receiving a number of enquiries from the investors about the specific purpose... Betel nut prices shoot up to Rs1,000 per kg KARACHI, July 28: Price of betel nuts has touched to Rs900- 1,000 per kg at the retail levels from Rs120-140 per kg in May owing to acute shortage, caused by seizure... Sizing units call off strike ISLAMABAD, July 28: The Pakistan Sizing Association (PSA) has called off strike after the assurance of the Central Board of Revenue to consider their genuine demands.... Oil prices ease LONDON, July 28: The price of oil trickled lower on Monday as traders looked to the Opec oil cartel to maintain its official output quota at a meeting in Vienna later... SSGC doubles gas supply KARACHI, July 28: Sui Southern Gas Company Limited (SSGC) has doubled its gas transmission system capacity to 1.2 billion cubic feet per day from 600 cubic feet per day in July... Fauji, Engro financial results tomorrow KARACHI, July 28: Fauji Fertilizer and Engro Chemical Company — two stalwarts among the listed fertilizer companies — are due to release their financial figures for the second-quarter (April-June 2003) on... KSE 100-share index posts fresh rise of 41 points KARACHI, July 28: Stocks on Monday maintained their upward drive followed by heavy buying in the leading base shares, allaying fears of panic selling with the introduction of new price valuation... Opec may enhance production quota RIYADH, July 28: With the situation in Iraq far from stable, some of Nigeria’s output shut after the earlier unrest in the country and questions still remaining over the ability of... NWFP fails to achieve abiana target PESHAWAR, July 28: The NWFP government’s bid to improve recoveries under the provincial own receipts (PORs) head of abiana (water rate) during the 2002-03 financial year fell far short from yielding... Cotton market rules firm KARACHI, July 28: Firm conditions prevailed on the cotton market on Monday as prices of new crop were quoted further higher amid fears of short supply. Trading was slow because of... Rice prices stay firm on tight supply ISLAMABAD, July 28: Pakistani rice prices were firm during the past week on depleted stocks, which had slowed exports, and traders said on Monday activity was likely to remain dull until... Port Qasim KARACHI, July 28: An oil tanker, Swallow to unload crude oil was allotted berth at Fotco Oil Terminal during the last 24 hours, according to PQA press release on Monday.... Karachi Port operations KARACHI, July 28: Five containers vessels carrying imported goods are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... FTO for small taxpayer units KARACHI, July 28: Federal Tax Ombudsman Justice (rtd) Saleem Akhtar on Monday underlined the need for setting up small tax payers units to facilitate them in the tax matters.... KCCI for used cars’ import KARACHI, July 28: The president, Karachi Chamber of Commerce and Industry (KCCI), Mian Nasser Hyatt Maggo has urged the finance minister, Shaukat Aziz to take note of the growing imbalance between... ST refund ordered ISLAMABAD, July 28: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar has asked the Central Board of Revenue (CBR) to refund the sales tax amount recovered from a complainant in... Malaysian palm oil off highs KUALA LUMPUR, July 28: Malaysian palm oil futures pared gains at the close on Monday as they lacked the momentum to sustain the afternoon’s technical rebound, traders said.... Asian stock markets rise TOKYO, July 28: Asian share prices rose on Monday, boosted by hi-tech stocks after positive first quarter earnings results from Advantest that lead to gains on Wall Street....

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