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July 31, 2003 Thursday Jumadi-ul-Awwal 30, 1424 Production at Saindak to start next week BEIJING, July 30: A Chinese delegation will visit Pakistan to attend the “production ceremony” of the Saindak copper project, which is likely to take place on August 7.... Export proceeds sold in advance KARACHI, July 30: Exporters did not hold back export bills in the last fiscal year as the rupee gained 3.6 per cent against the US dollar. Instead they discounted the bills... Export finance rate cut to 3pc KARACHI, July 30: Exporters will get export finance from banks at three per cent in August as the State Bank has cut refinance rate by half a percentage point to 1.5... Thatta Cement bidding on Aug 28 ISLAMABAD, July 30: The Privatization Commission has announced fresh bidding schedule for Thatta Cement Company Limited, which was earlier scheduled on July 26, and postponed on the request of the prospective... Humayun raises dumping issue with Pascal Lamy KARACHI, July 30: Minister for Commerce Humayun Akhtar Khan has sought the support of the EU’s Trade Commissioner Pascal Lamy for removal of anti-dumping enquiries presently under way against import of... Saudi consortium to invest in refinery project ISLAMABAD, July 30: A Saudi-Canadian consortium has expressed its willingness to invest in an integrated coastal refinery project, with an estimated cost of $ 1.7 billion, in collaboration with the National... Bush sees US economy picking up WASHINGTON, July 30: President George W. Bush said on Wednesday he saw “hopeful signs” the US economy is picking up speed, and reasserted his faith in massive tax cuts despite a... Oil prices rebound LONDON, July 30: IPE Brent crude futures erased their losses on Wednesday, buoyed by weekly US data that showed a larger-than-expected gasoline draw but tempered by a crude stocks figure which... Efforts on to salvage grounded ship KARACHI, July 29: A lighterage ship Endeavour-II is arriving at the port on July 31 to assist the Karachi Port Trust (KPT) in refloating and salvaging the grounded ship MT Tasman... Engro posts R534m net profit KARACHI, July 30: Engro Chemical Pakistan Limited — a fertilizer producing company — announced on Wednesday that it had made Rs534 million in net profit for the six months ended June... Euro falls against $ LONDON, July 30: The euro dropped below $1.14 in late London trading on Wednesday as the currency market appeared to catch up with a recent fall in bonds, analysts said.... Fresh buying pushes index up by 35.40 points KARACHI, July 30: Stocks on Wednesday recovered from the overnight lows as investors were not inclined to entertain bearish ideas hoping higher corporate profits from some of the leading companies whose... SRO507 to cover around 16 items ISLAMABAD, July 30: The government has decided to introduce a list of items manufactured from imported raw materials under the SRO507 which could only be supplied to registered persons for claiming... Exporters ask govt to resist ‘Indian move’: Basmati rice patenting ISLAMABAD, July 30: The Indian lobby, especially in the United Kingdom, is working to change the current method of classifying Basmati rice, which might affect Pakistan Basmati rice export to European... Century Paper earns Rs271m profit KARACHI, July 30: Century Paper and Board Mills Limited — a Lakson group company — announced on Wednesday that it had made profit after tax in the sum of Rs271 million... HK firm wants to import coal from Pakistan KARACHI, July 30: A Hong Kong firm Nobel Energy is ready to become major importer of coal from Pakistan provided there are strong assurances of sound business partners, doing lawful business... Karachi Port operations KARACHI, July 30: Berthing activity at the Karachi Port on Wednesday was maintained on the higher side as the agencies tried to clear the inward rush of foreign flag vessels, according... Ginners modestly lower prices KARACHI, July 30: Spinners on Wednesday resumed their covering operations after ginners modestly lowered their asking prices depending on quality premium of the lint in trade.... Opec set to keep output ceiling unchanged VIENNA, July 30: Opec oil ministers gathering here to review their oil production ceiling looked set on Wednesday to resist pressure to raise output despite the slower than expected resumption of... China jobless rate BEIJING, July 30: China’s official jobless rate rose 0.2 percentage points to 4.2 per cent at the end of June, up from 4 per cent six months earlier, as the impact...

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