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August 28, 2003 Thursday Jumadi-us-Sani 29, 1424 IPBCC increases freight by 25pc KARACHI, Aug 27: The shipping lines, grouping India, Pakistan, Bangladesh, Ceylon Conference (IPBCC) have increased freight and bunker charges for container cargo destined for western countries from September 1, 2003.... Textile sector expansion plan under way: $3-5bn investment likely ISLAMABAD, Aug 27: Pakistan hopes to remain one of the three major cotton players in the international market along with India and China as an additional investment of $3-5 billion is... Pension scheme for private sector KARACHI, Aug 27: The task force on private pension funds set up by the Securities and Exchange Commission of Pakistan (SECP) has finalized its report which is being fine-tuned by the... Trade deficit with Riyadh swells to $825.293m ISLAMABAD, Aug 27 : Pakistan’s trade deficit with Saudi Arabia has expanded significantly in the last four years from $708.169 million in the year 1999-2000 to $825.293 million in 2002-03.... Gold prices up by $11 LONDON, Aug 27: Gold prices shot up almost $11 in London on Wednesday as a market frenzy was fuelled by a slight decline in the dollar’s value and strong speculative purchasing.... Govt in a fix over rice support price ISLAMABAD, Aug 27: Four federal ministries are in a dispute on whether or not to fix the support price of rice for the current season, a senior government official told Dawn... PIA earns Rs1.527bnpre-tax profit KARACHI, Aug 27: Pakistan International Airlines Corporation earned a pre-tax profit of Rs1.527 billion for the 1st half of the current financial year, according to the half yearly report for the... Two cement companies bidding today ISLAMABAD, Aug 27: The Privatization Commission has finalized all arrangements to hold bidding for Thatta Cement Company Limited and Associated Cement (Rohri) on August 28 (Thursday) at the Commission’s auditorium here.... Chinese co starts Vehicles production KARACHI, Aug 27: China’s Dong Feng Motor Company has started production of commercial vehicles here at Sindh Engineering Limited (Pvt) Ltd’s plant under a franchise and technical collaboration agreement.... Pakistani basmati losing Saudi market KARACHI, Aug 27: Pakistan has gradually lost Saudi market of basmati rice to neighbouring India in terms of quantity and export value since 1991.... KSE 100-share index recovers 34.4 points KARACHI, Aug 27: Stocks on Wednesday recovered from the previous lows followed by active short-covering but failed to sustain the day’s best levels under the cross-current of alternate bouts of buying... Rebate issue LAHORE, Aug 27: Export Promotion Bureau chairman Tariq Ikram on Wednesday said the issues relating to the tax rebate on export of branded rice in the packing of 5-50 kg would... China invites Pakistan to economic moot BEIJING, Aug 27: China has invited Pakistan to attend the first-ever World Economic development Declaration (WEDDC) conference to be held in Guangdong Province early November.... Cotton prices ease on hasty selling KARACHI, Aug 27: Cotton prices on Wednesday eased from the previous highs as the lower Sindh ginners indulged in hasty selling followed by reports of steady arrivals of phutti into the... ST amnesty Extended to taxable services ISLAMABAD, Aug 27: The Central Board of Revenue has extended sales tax amnesty to taxable services as well to facilitate taxpayers in discharging their outstanding tax liabilities.... Karachi Port operations KARACHI, Aug 27: Two ships carrying containers and to load molasses are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Dry port at Sukkur ISLAMABAD, Aug 27: The government is likely to approve the establishment of a dry port at Sukkur to promote trading activities in the area.... Appointed ISLAMABAD, Aug 27: The Central Board of Revenue (CBR) has withdrawn the appointment of sales tax officers designated for collectorates of sales tax, Karachi, East and West following the merger of...

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