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August 6, 2003 Wednesday Jumadi-us-Sani 7, 1424 Sindh to auction 69,000 tons old wheat KARACHI, Aug 5: Flour millers have asked Sindh chief minister to set up a committee to supervise the delivery of 69,000 tons old wheat stocks being auctioned by Sindh Food Department.... Pakistan offers more concessions to Afghanistan: JEC concludes ISLAMABAD, Aug 5: Pakistan agreed with Afghanistan on Tuesday to remove six more items from the negative list of exportable items under the Afghan transit trade, reduce railway and port charges... EU may restrict rice import ISLAMABAD, Aug 5: The European Union’s (EU) council has granted mandate to the European Commission (EC) to open negotiations with its trading partners to restrict the import of rice into markets... Clarification KARACHI, Aug 5: A spokesman of the Planning and Development Division has termed as pure conjecture and without any basis the report in the Daily Dawn of 5th August, 2003 that... Ship-breaking industry in deep crisis KARACHI, Aug 5: The ship breakers are perturbed over frequent changes being made by the Central Board of Revenue (CBR) in the rate of tax, which was damaging the industry and... Faysal Bank KARACHI, Aug 5: Granted that the Karachi Stock Exchange is in the throes of an unprecedented bull run with equities rising by 112 per cent last year and almost 48 per... July exports stand at $890 million ISLAMABAD, Aug 5: Exports in July amounted to $890.034 million (Rs51,393 million), down 21.56 per cent from the previous month, according to provisional aggregate figures about external trade released by the... Chinese bike makers roll out 70,000 units KARACHI, Aug 5: Seven Chinese bike assemblers in the country have produced around 70,000 units in 2002-2003 as a result of good response from lower and middle group people owing mainly... NTNs for companies ISLAMABAD, Aug 5: The CBR has decided to issue National Tax Numbers (NTNs) to all companies registered with the Securities and Exchange Commission of Pakistan as a move to broaden the... Saindak starts production today QUETTA, Aug 5: Federal Minister for Petroleum and Natural Resources Nauraiz Shakoor will formally inaugurate Saindak copper gold project at Saindak, some 650 km off here, on Wednesday.... Profit-selling halts upward drive on stock market KARACHI, Aug 5: The recent upward drive was halted on the stock market on Tuesday as investors took profits at the inflated levels but the bulk of the technically-inspired selling was... New statutory returns forms introduced ISLAMABAD, Aug 5: Securities and Exchange Commission of Pakistan (SECP) on Tuesday introduced new format of statutory returns for use by the companies for making applications and submissions to the SECP... Pakistan, Singapore discuss investment ISLAMABAD, Aug 5: Privatization and Investment Minister Dr Abdul Hafeez Shaikh said on Tuesday that during the last three years Pakistan made a lot of progress and the government was determined... Karachi Port operations KARACHI, Aug 5: Five ships, including Atlantic Forest carrying 7,125 tons of vegetable ghee, are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... TCP sells 5,000 tons of rice ISLAMABAD, Aug 5: Trading Corporation of Pakistan (TCP) sold 5,000 tons of IRRI rice at Rs9,505 per ton on Tuesday, a senior official at the commodity trading agency said.... Investment conference KARACHI, Aug 5: President General Pervez Musharraf will inaugurate the International Conference on Investment here on August 10, the Board of Investment announced on Tuesday.... NBP housing scheme HYDERABAD, Aug 5: National Bank regional business chief Agha Fidaullah has said NBP will launch a housing scheme  Saiban  from August 14.... NWFP misses PORs target by Rs500m PESHAWAR, Aug 5: The NWFP government missed the Rs4.05 billion provincial own receipts (PORs) target for the financial year 2002-03 with a big margin, undermining its commitments with the international donor... Shell quits Bangladesh DHAKA, Aug 5: Oil giant Shell has sold its assets in Bangladesh to Britain’s Cairn Energy in a $75 million deal amid persistent delays to a government decision on whether to... Prices ease further on cotton market KARACHI, Aug 5: Cotton prices on Tuesday eased further as reports of steady arrivals of phutti into the lower Sindh ginneries continued to inspire fresh selling by the ginners....

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