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September 27, 2003 Saturday Rajab 29, 1424 LFO tussle Hampering investment, says ADB LAHORE, Sept 26: Political instability resulting from the 10-month long tussle between the government and the opposition on the LFO and security concerns are hampering investment in Pakistan.... Slic confident of upswing in bank rates KARACHI, Sept 26: Financial analysts and top decision makers in the single largest institutional investor in the country with over Rs92 billion at stake, State Life Insurance Corporation (Slic), consider current... Kabul offers transit trade facility KABUL, Sept 26: Completion of Kabul-Turkmanistan Highway and Kandahar-Herat-Torghandi highway will provide transit access to Pakistani exporters to Central Asian Republic (CARs).... Land for corporate farming identified KARACHI, Sept 26: Over eight million hectares of state-owned agricultural land have been identified for corporate farming by four provinces, according to the Board of Investment.... Oil prices drop LONDON, Sept 26: Oil prices nudged lower on world markets on Friday as traders locked in profits after a rally earlier in the week sparked by a surprise production cut by... Weekend selling plunges index by 108 points KARACHI, Sept 26: Stocks on Friday failed to sustain the overnight run-up as weekend profit-selling from all and sundry again pushed it into the minus columns in the absence of strong... Sell-off schedulefor Oct finalized ISLAMABAD, Sept 26: The Privatization Commission on Friday finalized the privatization schedule for October 2003. Privatization and Investment Minister Dr Hafeez Shaikh chaired the meeting.... Ecnec to approve 25 projects today ISLAMABAD, Sept 26: The Executive Committee of the National Economic Council (Ecnec) meets on Saturday to approve 25 new development projects worth around Rs175 billion, officials at the Planning Commission told... Prodi vows to fight graft in EU institutions BRUSSELS, Sept 26: European Commission President Romano Prodi on Thursday said he would not sack the bloc’s top monetary affairs official over alleged fraud and corruption at Eurostat, the European Union’s... 15 BMG candidates win KCCI elections KARACHI, Sept 26: The elections for 15 seats (14 for member class and one town association) of managing committee of the Karachi Chamber of Commerce and Industry will not be held... Failure of Doha round to benefit rich ISLAMABAD, Sept 26: Economic adviser, economic policy and prospects group of World Bank, Richard S. Newfarmer, addressing the workshop, said the failure of the Doha development agenda is likely to result... Russia, Pakistan economic ties well on track ISLAMABAD, Sept 26: The economic and technical cooperation between Pakistan and Russia is well on track especially after the high-level exchange of visits between the two countries during the current year.... Lacklustre condition on cotton market KARACHI, Sept 26: Quieter conditions prevailed on the cotton market on Friday as spinners kept to the sidelines most of the time partly because of a short Friday session and higher... Quality key to Indian tea exports to Pakistan COONOOR, India, Sept 26: India, the world’s top tea producer, can easily boost exports to Pakistan through better marketing of its high-quality teas, a senior trade official from Pakistan said on... HK exports rise 7pc HONG KONG, Sept 26: Hong Kong’s exports grew by seven per cent in August compared to the same month last year, slower than the previous month as exports to some East... Consistency in economic policies assured KARACHI, Sept 26: Federal Minister for Investment and Privatization, Dr Abdul Hafeez Shaikh has assured the German investors about the continuation of economic policies of the government because of the structural... Commissioner explains USAS HYDERABAD, Sept 26: The Commissioner, Income Tax Hyderabad Zone, Sardar Aminullah Khan has explained in detail the philosophy of universal self-assessment scheme and its benefits to the taxpayers.... G-22 states may seek own FTAs with rich nations MANILA, Sept 26: Developing countries may seek individual bilateral free trade agreements (FTA) with rich nations following the failure of the World Trade Organization (WTO) talks in Cancun, Mexico, Philippine Trade... Palm oil prices down KUALA LUMPUR, Sept 26: Malaysian palm oil futures closed lower on Friday as players booked profit following a retreat in rival US soyaoil futures and ahead of the weekend.... Karachi Port operations KARACHI, Sept 26: Six ships carrying containers, soyabean oil and soyabean meal are due to arrive at the outer anchorage on Saturday, according to KPT sources....

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