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!Date! !Day! !Hijri! Chinese shoes swarm local market KARACHI, Sept 20: Chinese shoes have swarmed Pakistan market and have acquired a 30 per cent market share in Karachi followed by 50 per cent share in the upcountry.... Slic holds 82pc market share KARACHI, Sept 20: With State Life Insurance Company of Pakistan (Slic) still clinging on to the lion’s share of 82 per cent of the life insurance market in Pakistan, the four... Sugar, flour prices on rise ahead of Ramazan KARACHI, Sept 20: With Ramazan hardly five weeks away, prices of sugar and flour are reported to be crawling up in the retail because neither the sugar nor the flour mills... Exchange cos seek level-playing field: Home remittances KARACHI, Sept 20: The proceed realization certificates (PRCs) issued by the exchange companies in case of home remittances or money sent back home by overseas Pakistanis are not being treated at... State Bank penalizes over 30 banks: PIB misreporting KARACHI, Sept 20: The State Bank has imposed penalties on many local and foreign banks that were effectively misreporting their holdings of Pakistan Investment Bonds. The amount of penalties differ in... FA for NRL: nine EoIs received ISLAMABAD, Sept 20: The Privatization Commission has received nine Expressions of Interest (EoIs) from firms/consortium including investment banks having ample experience in privatization, restructuring and merger/acquisitions in the oil & gas... US offers increased market access ISLAMABAD, Sept 20: The United States has promised to offer Pakistan new market access and help it attract American investment but urged the government to create investment-friendly environment in the country... De-freezing of land allotments KARACHI, Sept 20: In the year 2000, the allotment of Sindh Board of Revenue lands over a period of 15 years by civilian governments, between 1985 and 2000, were frozen because... Gold jumps as new central bank deal anticipated NEW YORK, Sept 20: COMEX gold surged on Friday amid dollar weakness and anticipation of a renewal of the Washington Agreement curbing central bank sales at this weekend’s International Monetary Fund... Japan banks boost profits under improvement plans TOKYO, Sept 20: Fifteen major Japanese banks vowed to cut over 14,000 jobs between them, improve profits and sell off more stockholdings in plans unveiled on Friday in response to an... ‘Oilseed output likely to surge 49 per cent’ MUMBAI, Sept 20: India’s oilseed output is likely to surge 49 per cent in the winter season of 2003 from a year earlier on good monsoon rains and an increase in... Aug output up 438,000 bpd: Opec LONDON, Sept 20: The Organization of the Petroleum Exporting Countries (Opec) said on Friday its oil output rose 438,000 barrels per day (bpd) in August to 26.81 million bpd as Iraqi... Citibank wins approval to buy stake in Chinese bank SHANGHAI, Sept 20: Chinese officials said on Friday Citigroup has won approval to complete a minority acquisition in Shanghai Pudong Development Bank (SPDB), as the US-based lender expands its business by... IMF board approves Argentina deal DUBAI, Sept 20: The International Monetary Fund approved an economic programme for Argentina on Saturday but four of the 24 executive board members abstained from voting, showing not all are happy... ‘China reaffirms stable yuan’ SHANGHAI, Sept 20: China reiterated its desire to maintain the stability of its currency, the yuan, saying its massive trade surplus was showing signs of falling, the official Xinhua news agency... Gold steadies, oil prices dip again LONDON, Sept 20: Soaring gold prices steadied over the week as traders watched warily to see if a meeting of the International Monetary Fund (IMF produced a new deal to limit... Trade deals still possible, says India NEW DELHI, Sept 20: India said on Saturday that trade negotiations could still move forward, despite the collapse of WTO talks at Cancun, if developed nations changed their stance on agricultural... Basmati export, unit price up in 2002-03 ISLAMABAD, Sept 20: The year 2002-03 was the year of a special boon for exporters of basmati rice in that the quantity of its export as well as its unit price... Karachi Port operations KARACHI, Sept 20: Cargo handling activity at the wharves was maintained on the higher side on Saturday as the total tonnage rose to 0.103m tons, according to KPT sources.... BD forms body to facilitate investors DHAKA, Sept 20: The Government of Bangladesh decided on Thursday to constitute a high-powered task force comprising heads of all utility agencies and relevant ministries to ensure that foreign investors are...

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