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September 16, 2003 Tuesday Rajab 18, 1424 IFC asked to reduce interest rates ISLAMABAD, Sept 15: Pakistan on Monday asked the International Finance Corporation (IFC) to reduce interest rates for loans to the private sector, particularly for housing and infrastructure development.... Businessmen identify areas of cooperation: India-Pakistan CEOs meet New Delhi, Sept 15: The first meeting of the newly set-up India-Pakistan CEOs’ Forum said on Monday that businessmen from both sides had identified four key areas of cooperation, including possible... Pakistan seeks elimination of textile quotas ISLAMABAD, Sept 15: Pakistan has asked the WTO for complete elimination of textile quotas by the end of 2004, saying it will never agree to any provision that tried to reimpose... Sindh, NWFP, Balochistan face wheat shortage KARACHI, Sept 15: Commodity traders and millers fear wheat shortages in NWFP, Balochistan and Sindh during coming winter as government reports a little over four million tons of stock and about... Oil prices fall LONDON, Sept 15: Oil prices eased back on world markets on Monday in trade driven largely by technical factors, traders said.... KSE index sheds 10.97 points on higher badla rates KARACHI, Sept 15: Stocks on Monday took a technical breather and turned mixed on late selling linked to higher badla rates in some of the blue chips under the lead of... OMO ahead of TBs auction signals rise in yield KARACHI, Sept 15: The State Bank on Monday held an open market operation to mop up Rs16.15 billion from banks through one-week repo of treasury bills ahead of a critical auction... NBP earns Rs3.5bn pre-tax profit: January-June 2003 KARACHI, Sept 15: State-run National Bank managed to post a pre-tax profit of Rs3.518 billion in six months ending June 30, 2003 up 53 per cent from the pre-tax profit of... WTO talks collapse disappoints cotton traders NEW DELHI, Sept 15: Cotton traders in India and Pakistan were disappointed at the collapse of world trade talks in Mexico but said the absence of an agreement on the core... POL declares 75pc cash dividend KARACHI, Sept 15: Pakistan Oilfields Limited (POL) declared on Monday, final cash dividend at 75 per cent tied to a bonus issue at 60 per cent, which proved punters right who... Shell may close outlets in Balochistan ISLAMABAD, Sept 15: Shell Pakistan said on Monday that smuggling of oil products from Iran into the southwestern Balochistan province was hurting business and compelling it to “reassess” its retail network... Saudi group explores investment prospects ISLAMABAD, Sept 15: Al-Banadar International Group (BIG) of Saudi Arabia is eager to explore and focus on the possibilities of developing business and trade relations with Pakistan in various fields including... Cancun failure dims hopes for free trade deal CANCUN, Sept 15: The collapse of the global trade talks amid bitter divisions between rich and poor countries left the WTO struggling on Monday to meet a deadline to finish a... Prices move higher on cotton market KARACHI, Sept 15: Cotton prices on Monday resumed their upward drive followed by near-panic mill buying amid reports of lower crop in China owing to floods and heavy rain.... Capital market reforms ISLAMABAD, Sept 15: The chairman, Securities and Exchange Commission (SECP), Dr Tariq Hassan on Monday assured the members of Islamabad Stock Exchange that the second phase of the capital market reforms... Printing of cheques made easier KARACHI, Sept 15: Pakistan Security Printing Corporation (PSPC) and Pakistan Council of Scientific & Industrial Research (PCSIR) both can test the quality of the paper of cheque books and other security... SPI records increase ISLAMABAD, Sept 15: Sensitive Price Indicator recorded an increase of 0.26 per cent during the week ending September 11, 2003, over the previous week.... Karachi Port operations KARACHI, Sept 15: Nine ships carrying, coal, soyabean meal and steel coils are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... SSGC to train youths KARACHI, Sept 15: Sui Southern Gas Company (SSGC) will provide comprehensive technical training to youths nominated by the Ministry of Labour, Manpower and Overseas Pakistanis to enable them to get jobs... US factories WASHINGTON, Sept 15: US manufacturers trimmed output in August, snapping three months of gains and throwing hard-hit factories into the shadows of an emerging economic recovery, data showed on Monday....

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