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August 29, 2003 Friday Jumadi-us-Sani 30, 1424 No major change in tariffs assured: New WTO round from 2005 KARACHI, Aug 28: Minister for Commerce Humayun Akhtar Khan on Thursday assured that there would be no major change in tariff on industrial goods except for automobile where the peak tariff... EU vows to protect 41 food brands BRUSSELS, Aug 28: European Union governments on Thursday hammered out a controversial list of 41 regional food and drink brandnames which officials said the bloc wanted to protect through strict new... Govt to reassess PTCL transaction structure ISLAMABAD, Aug 28: The government has decided to reassess the transaction structure of Pakistan Telecommunication Company Limited (PTCL) for sale in the light of telecom deregulation policy and reinvite bids for... Pakistan to ask for cut in farm subsidies: Cancun round ISLAMABAD, Aug 28: Pakistan will join other developing countries at Cancun to press the developed countries for reducing their support to agriculture produce and provide them promised market access under World... Foreign banks losing ready cash market KARACHI, Aug 28: Major foreign banks are losing market share in consumer finance because of the high rates of markup charged by them.... Rs255m bid for Associated Cement okayed ISLAMABAD, Aug 28: The Privatization Commission on Thursday received the highest bid of Rs255 million for the sale of Associated Cement (Rohri) from National Transport Company.... Buying euphoria pushes index up by 108 points KARACHI, Aug 28: Stocks on Thursday witnessed an avalanche of buying orders on all the counters under the lead of blue chips triggered by reports that the MMA and the government... Pakistan Oilfields KARACHI, Aug 28: On Thursday, when the company announced much-awaited date of the board meeting: September 15, the price of the share in Pakistan Oilfields Limited (POL) took a massive jump... CBR seeks Reduction in revenue target ISLAMABAD, Aug 28: The government is considering a CBR proposal to revise downward the annual revenue target of Rs510 billion to around Rs495 billion for the financial year 2003-04.... NAB, SECP join hands to check illegal forex trade ISLAMABAD, Aug 28: The National Accountability Bureau (NAB) and the Securities and Exchange Commission of Pakistan (SECP) will work in close coordination and liaise with each other on the ongoing action... Cotton prices drop on steady phutti arrivals KARACHI, Aug 28: Cotton prices on Thursday eased further as a section of lower Sindh ginners continued to liquidate long positions after reports of steady arrivals of phutti into the ginneries.... Taxation treaty with Yemen likely in October ISLAMABAD, Aug 28: Pakistan and Yemen are likely to conclude an agreement in October for the avoidance of double taxation between the two countries.... Karachi Port operations KARACHI, Aug 28: Five ships carrying chemicals, containers, general cargo and to load ethanol are due to arrive at the outer anchorage on Friday, according to KPT sources.... Rind pledges full support to farm research ISLAMABAD, Aug 28: Federal Minister for Food, Agriculture and Livestock, Sardar Yar Muhammad Rind here on Thursday pledged optimum help to the agricultural research sector in view of its potential role... Promoted ISLAMABAD, Aug 28: The CBR on Thursday promoted eight assistant commissioners of income tax to the post of deputy commissioners.... Japanese auto output falls TOKYO Aug 28: Auto production in Japan fell in July from a year earlier as carmakers were hit by weak domestic sales and flagging exports, industry data released on Thursday said.... US jobless claims up WASHINGTON, Aug 28: The number of workers filing for US state unemployment benefits rose slightly but remained under the key 400,000 level again last week, the Labour Department said on Thursday.... Dollar higher against yen LONDON, Aug 28: Sterling was in the spotlight on Thursday as British Prime Minister Tony Blair testified before an inquiry into the death of a government scientist at the centre of... Palm oil prices up KUALA LUMPUR, Aug 28: Malaysian crude palm oil (CPO) futures ended up on Thursday, boosted by a rise in prices of rival Chicago soyoil and optimism over palm oil exports for... Company news HYDERABAD, Aug 28: Intel Corporation has announced that it has helped more than one million teachers prepare students for today’s more technologically complex world through Intel Teach to the Future Programme....

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