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August 9, 2003 Saturday Jumadi-us-Sani 10, 1424 Four major units listing next month: PSO bidding in Oct ISLAMABAD, Aug 8: The government has decided to start listing of four major state-owned enterprises on the stock exchanges next month and hold the bidding of Pakistan State Oil (PSO) in... Mixing up small with medium units opposed: Bank funding KARACHI, Aug 8: The small and medium enterprises (SMEs) are incorrectly bracketed together and should be categorized separately for funding by banks, it was stated here on Friday.... Ukraine co interested in oil, gas sector KARACHI, Aug 8: Naftogas of Ukraine has indicated keen interest in Pakistani oil and gas sector and wanted to develop underground gas storage facilities in Pakistan.... Cotton crop suffers 5pc losses due to rains ISLAMABAD, Aug 8: Cotton crop suffered about 5 per cent losses due to heavy monsoon rainfalls in Sindh and Balochistan in July.... Govt fails to convince cement producers: Price reduction ISLAMABAD, Aug 8: The government on Friday failed to convince the cement manufacturers to reduce cement prices despite a 25 per cent relief it provided in the form of reduced duties.... OECD sees modest global upturn PARIS, Aug 8: US, euro zone and Japanese economic prospects all brightened in June in an early warning indicator issued by the OECD think-tank on Friday, supporting other recent evidence of... Machinery orders up TOKYO, Aug 8: Japan’s private sector machinery orders in June rose 2.4 per cent from May after rising 6.5 per cent the previous month, the government said on Friday.... Refund declines by 15.5pc in July ISLAMABAD, Aug 8: The Central Board of Revenue (CBR) has paid Rs6.8 billion refund/ rebate to exporters July 2003 against Rs8.05 billion, it paid during the same month last year, showing... Oil prices slightly up in quiet trade LONDON, Aug 8: Oil prices continued to gain ground on Friday, although traders said the move was more due to market momentum than nervousness about the perilous security situation in Iraq.... Income tax BEIRUT, Aug 8: Lebanon is considering scrapping personal income tax, along with a host of other charges and making up the revenue shortfall by raising value-added tax, the government said on... European banks forex profits LONDON, Aug 8: A clear trend of dollar weakness in the first half of 2003 has fuelled customer hedging demand, helping several major European banks post double-digit growth in foreign exchange... Iraq ready to sell oil to India NEW DELHI, Aug 8: Iraq has offered to sell three million tons of oil to India in the current financial year ending March 2004 and the deal is likely to be... Buying euphoria continues unabated on stock market KARACHI, Aug 8: The KSE 100-share index on Friday breached the third psychological barrier in another record single-session volume of 961m shares followed by a fresh wave of speculative buying in... Asian stocks mixed on gains, profit-taking TOKYO, Aug 8: Asian share prices were mixed on Friday after gains on Wall Street boosted some markets and prompted profit taking in others.... Honda sets up joint venture in China TOKYO, Aug 8: Japanese carmaker Honda said on Friday it had launched a joint venture in China to produce its small sport utility CR-V vehicles to meet expanding and diversifying demand... Malaysia’s June industrial output up by 8.6pc KUALA LUMPUR, Aug 8: Malaysia’s June industrial output rose 8.6 per cent from a year ago but showed an almost equally sharp downturn from May, the Statistics Department said on Friday.... Karachi Port operations KARACHI, Aug 8: Three ships carrying containers and high speed diesel are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... Singapore PM sees 1pc GDP growth this year SINGAPORE, Aug 8: Singapore’s economy should grow only between zero and one per cent this year, Prime Minister Goh Chok Tong said on Friday, further lowering the government’s original estimate of... Stability in Kuwaiti stocks KUWAIT CITY, Aug 8: The change of regime in Iraq along with the prevalent higher oil prices seems to drive the Kuwait stock market and improved the stability in the region... Prices move up on cotton market KARACHI, Aug 8: Cotton prices on Friday showed a modest increase as mills and spinners tried to grab the floating stock of the new crop from the Sindh ginners....

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