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September 28, 2003 Sunday Sha’aban 1, 1424 Deep sea fishing by trawlers halts: Licence renewal awaited KARACHI, Sept 27: The operations of majority of deep sea fishing trawlers have come to a standstill due to refusal of Ministry of Food and Agriculture and Livestock (MINFAL) in renewing... Exceptional quota in category 6, 9 released KARACHI, Sept 27: The Export Promotion Bureau (EPB) has released ‘exceptional flexibility’ quota in category 6 and 9 of the European Union (EU) for the entitlement in the quota year 2003.... Interest rate spread falls 60bps in 2002 KARACHI, Sept 27: Interest rate spread fell 60 basis points in a year from 5.2 per cent at the end of 2001 to 4.6 per cent at the end of 2002... Business urged to support Global Compact values KARACHI, Sept 27: A one-day pre-launch workshop on “Global Compact” on Saturday urged Pakistan business to extend an open support and publicly advocate the nine principles of Global Compact launched by... Growing risks to world economy KARACHI, Sept 27: The world economy now stands at a crossroad with unforeseen perils.... ATT negative list ISLAMABAD, Sept 27: The Ministry of Commerce has directed the Central Board of Revenue (CBR) to propose 6 items for removing from the negative list of Afghan Transit Trade (ATT).... Dollar lower against yen in New York NEW YORK, Sept 27: The dollar slipped modestly against the yen on Friday, failing to garner sustained support from veiled threats of yen-weakening intervention by Japanese officials.... Brazil farmers make first legal GM soya planting SAO PAULO, Sept 27: Farmers from the southern state of Rio Grande do Sul on Friday symbolically made a first legal planting of genetically modified soyabeans, which until this week had... US stocks sink on earning worries NEW YORK, Sept 27: US stocks fell to one-month lows on Friday on worries about upcoming quarterly earnings news, while bond prices rose sharply, pushing the benchmark 10-year note’s yield to... Comex gold ends down sharply NEW YORK, Sept 27: Both COMEX gold and silver markets, in hugely overbought situations, finished with substantial losses again on Friday, although selling in both markets stopped above key support levels... US GDP gains set stage for growth WASHINGTON, Sept 27: Healthy consumer spending nudged US economic growth ahead at a slightly faster second-quarter pace than previously thought, the Commerce Department said on Friday, outpacing analysts’ expectations and setting... Oil surges on Opec action LONDON, Sept 27: Gold prices shot up to a seven-year high this week on the back of volatility in the foreign exchange and oil markets, analysts said.... Prices fall slightly on cotton market KARACHI, Sept 27: Cotton prices on Saturday eased modestly from the current higher levels as some of the leading ginners in the Punjab cotton belt liquidated long positions slightly below the... Exchange rate for exports proposed ISLAMABAD, Sept 27: The Government should introduce a separate exchange rate for exports in a situation of possible sharp appreciation of the exchange rate of rupee with a view to saving... SPI shows 0.14pc rise ISLAMABAD, Sept 27: The Sensitive Price Indicator (SPI) surged further 0.14 per cent during the week ending Sept 25, 2003, as compared to previous week.... Demand for fertilizer declines by 7.7pc KARACHI, Sept 27: Demand for fertilizer (Urea) declined by 7.7 per cent to 0.396 million tons during August 2003, compared with same period last year, figures released by the National Fertilizer... $600m rice export likely this year KARACHI, Sept 27: The country is likely to export rice worth over $600 million this year on bright prospects of higher paddy crop, which will give a sizable export surplus.... CCoP okays 2.5pc shares of OGDCL for IPO ISLAMABAD, Sept 27: The Cabinet Committee on Privatization (CCoP) approved the initial public offering (IPO) of 2.5pc shares of Oil and Gas Development Company Limited (OGDCL) with a provision of green... Steps under way to raise trade with Kabul ISLAMABAD, Sept 27: The chairman Export Promotion Bureau (EPB), Tariq Ikram said on Saturday that steps were under way to enhance trade with Afghanistan in the next few years.... CBR extends working hours ISLAMABAD, Sept 27: The Central Board of Revenue (CBR) has extended working hours in the income tax offices for receiving income tax returns for the tax year 2003 to facilitate the...

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