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| August 19, 2003 | Tuesday | Jumadi-us-Sani 20, 1424 |
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PC to offer 3.2pc more NBP shares thru bourse
ISLAMABAD, Aug 18: The government on Monday directed the Privatization Commission to divest another 3.2 per cent shares of National Bank of Pakistan through stock market.... 
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S&P to upgrade Pakistan rating
ISLAMABAD, Aug 18: The London-based international credit rating agency, The Standard and Poor’s, has decided to upgrade Pakistan’s credit rating, claimed Dr. Ashfaque Hasan Khan, economic advisor to the ministry of...
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SBP issues notices to 55 entities: Illegal banking business
KARACHI, Aug 18: The State Bank of Pakistan on Monday issued notices to 55 entities and individuals for conducting illegal banking business and foreign exchange related brokerage activities....
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Fresh dates export unlikely this year
KARACHI, Aug 18: Fresh dates export is unlikely this year because of extensive damage caused by recent torrential rains to the crop in Sindh....
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Oil prices rise
LONDON, Aug 18: Oil prices rose on Monday, with dealers taking fright at a presumed sabotage attack on a key Iraqi oil pipeline as well as a worrying upsurge in ethnic...
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KSE 100-share index recovers 125 points
KARACHI, Aug 18: Stocks on Monday staged a smart recovery on active short-covering by institutional traders and general investors at the lower levels aided partly by easing of badla rates from...
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Banks want derivatives plan accelerated
KARACHI, Aug 18: Concerned about the sustainability of low interest rates, banks are urging regulators to speed up plans to set up a derivatives market as a hedge against loan risks....
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LHC orders freezing of 6 exchange cos’ accounts
LAHORE, Aug 18: The Lahore High Court on Monday ordered the placement of the names of six private limited foreign exchange companies’ directors on the Exit Control List and the freezing...
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Sindh govt optimistic about cotton output
KARACHI, Aug 18: Sindh has sown a good cotton crop this year and expected to exceed cotton production target of 2.4 million bales by at least 100,000 bales....
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New SECP chief appointed
ISLAMABAD, Aug 18: The government has appointed Dr. Tariq Hassan as chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect....
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Clarification
KARACHI, Aug 18: NBP has clarified a news item appeared in Dawn on August 17, alleging slow process of settlement of applications received under SBP BPD Circular 29 dated Oct 15,...
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Riyadh endorses first anti-money laundering law
JEDDAH, Aug 18: Saudi Arabia’s government endorsed on Monday the kingdom’s first ever anti-money laundering law which stipulates stiff penalties against offenders, as Riyadh stepped up its fight against terrorism....
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CBR to brief WB team on tax reforms
ISLAMABAD, Aug 18: The tax authorities would give briefing to the visiting World Bank pre-appraisal mission on reform projects started in Karachi as a part of re-structuring of tax administration....
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Ginners raise prices on cotton market
KARACHI, Aug 18: Cotton market on Monday firmed up as ginners raised their asking prices after spinners tried to grab the floating stock from the lower Sindh ginneries....
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HK jobless rate up
HONG KONG, Aug 18: Hong Kong’s unemployment rate rose to a record 8.7 per cent in the three months ending July 31, as new graduates flooded an already tight labour market...
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Karachi Port operations
KARACHI, Aug 18: Seven ships carrying containers, palm and soyabean oil are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Afghan economy grows at over 30pc
KABUL, Aug 18: Afghanistan’s economy grew by more than 30 per cent last year, presidential spokesman Jawed Ludin said on Monday following a cabinet meeting....
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Dutiable imports increase
ISLAMABAD, Aug 18: The value of dutiable imports increased by 9.08 per cent during the first month of the financial year 2003-04, over the same month of last year....
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TFC rating
KARACHI, Aug 18: JCR-VIS credit rating company has assigned final to medium to long term rating of A to the proposed securitized TFC issue of Rs1 billion of First Oil &...
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Asian stocks rise as confidence improves
TOKYO, Aug 18: Asian stock markets rose on Monday amid growing confidence about the global economy....
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