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August 22, 2003 Friday Jumadi-us-Sani 23, 1424 Cotton output to surpass target ISLAMABAD, Aug 21: The federal government is expecting cotton production of around 11.2 million bales during the current season against a target of 10.55 million bales despite rains and floods that... Projection for ’03-04 raised to $12.1bn: 2002-03 export stands at $11.13bn KARACHI, Aug 21: The Ministry of Finance estimates total exports in the fiscal 2002-03 at $11.3 billion after taking into account $200 million worth of “informal rupee export trade” with Afghanistan.... Exporters urged to adopt global business norms KARACHI, Aug 21: Minister of State and Export Promotion Bureau Chairman Tariq Ikram has cautioned the business community about the challenges and impending developments that will take place during the quota... Indonesia, Pakistan sign CEP ISLAMABAD, Aug 21: Pakistan and Indonesia on Thursday signed a joint statement on comprehensive economic partnership (CEP) for strengthening trade ties between the two countries.... $200m WB grant for restructuring of CBR LAHORE, Aug 21: The World Bank will provide $200 million for restructuring of the Central Board of Revenue, bank’s private sector development specialist Aasiya Akhlaque said here on Thursday.... Oil prices rise LONDON, Aug 21: Oil prices rose strongly on Thursday as traders worried about the prospects of draining stockpiles of both gasoline and winter fuels in the United States, as well as... JMC to be revived ISLAMABAD, Aug 21: Pakistan and Indonesia will revive the Joint Ministerial Committee to promote further trade and economic relations between the two countries and facilitate the private sector.... Pre-bid meeting for Associated Cement held ISLAMABAD, Aug 21: The Privatization Commission held a pre-bid meeting here on Thursday for the sale of assets of Associated Cement (Rohri) Limited.... Two more forex cos’ directors put on ECL ISLAMABAD, Aug 21: Directors of two more forex brokerage companies were on Thursday put on the Exit Control List (ECL) by the Rawalpindi Bench of Lahore High Court on a petition... HBL bidding ISLAMABAD, Aug 21: A preliminary meeting of representatives of potential buyers of Habib Bank Limited has laid out an aggressive schedule for privatization with bidding date of December 2003.... Profit-selling restricts gains on stock market KARACHI, Aug 21: Stocks on Thursday showed highly erratic price movements as investors played on both sides of the fence under the cross-current of alternate bouts of buying and selling but... Indonesia interested in rice, sugar ISLAMABAD, Aug 21: Indonesian Minister for Industry and Trade, Ms Rini M. Sumarno Soewandi said on Thursday that her country was interested in importing sugar and rice from Pakistan, as it... $4.28m beverages exported to Kabul ISLAMABAD, Aug 21: Pakistan exported $4.280 million worth beverages — alcoholic and non-alcoholic — to Afghanistan during the year 2002-03.... Automation of 35 SME units completed ISLAMABAD, Aug 21: The Pakistan Software Export Board (PSEB) has completed computerization of 35 SME sector manufacturing units to improve their efficiency under its Industrial Automation Programme (IAP).... Indian tea export may fall by 6pc KOLKATA, Aug 21: India’s tea exports are likely to fall by around six per cent in 2003 to 186 million kg, mainly due to the collapse of the key Iraq market,... Prices up by Rs30-50 on cotton market KARACHI, Aug 21: Cotton prices on Thursday rose from the current lower levels as ginners held on to their unsold positions followed by reports of fall in arrivals of phutti into... China, Japan trade rises TOKYO, Aug 21: Trade between Japan and China in the first six months of this year grew 33.9 per cent year-on-year, setting a first-half record for the fourth straight year, a... Karachi Port operations KARACHI, Aug 21: Four ships carrying soyabean oil and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Port Qasim KARACHI, Aug 21: Three ships carrying crude oil, edible oil and coal were allotted berths during the last 24 hours, said a PQA press release on Thursday.... Euro lower LONDON, Aug 21: The euro dipped under the symbolic 1.1-dollar mark for the first time in almost four months on Thursday after bad news from the French and German economies put...

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