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September 9, 2003 Tuesday Rajab 11, 1424 Pakistan to benefit from China protocol: Quota-free world KARACHI, Sept 8: Three special provisions in the Chinese Protocol of Accession to the World Trade Organization (WTO) provide enough safeguards for Pakistan’s textiles exports in the EU, the US and... First Islamic bond in six months KARACHI, Sept 8: Pakistan plans to launch its first debt instrument in the coming months that conforms with Islamic banking practices to develop a parallel market that financial institutions are trying... Trade deficit with China expands ISLAMABAD, Sept 8: Pakistan’s trade deficit with China has expanded significantly in the last five years from $245.512 million in the year 1998-99 to $ 594.465 million in 2002-03.... ‘Internal audit saves company from collapse’ ISLAMABAD, Sept 8: Chairman, Securities and Exchange Commission of Pakistan, Dr Tariq Hassan, here on Monday highlighting the role of internal audit in monitoring the operations of a company said it... ADB to help improve investment climate ISLAMABAD, Sept 8: The government has decided to improve the investment climate by expanding and modernizing its existing weak and inadequate infrastructure to bring it with international levels in capacity and... PTA to hold investors’ moot ISLAMABAD, Sept 8: Pakistan Telecommunication Authority (PTA) is holding Investors’ Conference here on Wednesday as part of its awareness campaign to introduce the Telecom Deregulation Policy and motivate intending telecom investors... Iraq’s oil export to Asia rises RIYADH, Sept 8: Iraq’s crude export to refineries in Asia is on rise. Traders such as Japan’s Mitsubishi Corp and China’s Sinochem International Company may ship more than 200,000 barrels a... Oil prices edge up on supply concerns LONDON, Sept 8: Oil prices rebounded slightly on Monday on news of a suspected attack by saboteurs on an Iraqi oil pipeline and a threat to supplies from Nigeria because of... Dollar falls against euro LONDON, Sept 8: The dollar was on a back foot against other major currencies on Monday, amid questions about the US economic recovery and the US currency’s recent strength.... Mideast economies BEIRUT, Sept 8: The world’s weakest governance practices are hampering economic growth and development in the Middle East and North Africa, the World Bank said on Monday.... Palm oil KUALA LUMPUR, Sept 8: Malaysia’s palm oil futures were trapped in a narrow range on Monday, with players staying on the sidelines to wait for the release of fresh exports estimates.... KSE 100-share index recovers 42.99 points KARACHI, Sept 8: Stocks on Monday recovered from the previous week’s lows as investors were back on the market followed by reports of an understanding between the MMA and the government... Signs of global economic recovery growing BASEL, Sept 8: The world’s top central bankers on Monday signalled that a global economic recovery was starting to take hold but voiced doubts about whether it will last.... Prices recover on cotton market KARACHI, Sept 8: Cotton prices on Monday recovered from the early lows as ginners held on to their unsold positions followed by reports of a substantial decline in arrivals of phutti... Rating maintained LAHORE, Sept 8: The Pakistan Credit Rating Agency (Pacra) has maintained the rating of the securitized TFC A issue of Rs840 million of Securetel SPV Ltd at “A” (single A).... KCCI for cut in duty on new cars KARACHI, Sept 8: The KCCI has urged the Ministry of Industries and Production to reduces duty on new assembled cars... Karachi Port operations KARACHI, Sept 8: Eight ships carrying chemicals, containers and general cargo are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Economic cooperation in Asia BEIJING, Sept 8: The World Bank and the organizers of a regional Chinese forum agreed on Monday on a three-year research programme to promote economic cooperation and integration in Asia, the... ST exemption ISLAMABAD, Sept 8: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar has asked the Central Board of Revenue (CBR) to exempt sales tax on supply of goods of a complainant... Deal with IMF BUENOS AIRES, Sept 8: Argentina has the “will” to reach an accord with the International Monetary Fund, Interior Minister Anibal Fernandez said on Monday, fewer than 24 hours before a $3.151...

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