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September 30, 2003 Tuesday Sha’aban 3, 1424 Govt to set up 3 textile cities KARACHI, Sept 29: The government will set up three ‘textile cities’ at Karachi, Lahore and Faislabad to meet the challenge of WTO regime when textile quotas will come to an end... Auto assemblers, vendors may invest Rs19bn: Two-year plan LAHORE, Sept 29: An investment of Rs19 billion is expected to be made by auto assemblers and vendors over the next two years to meet a growing demand of cars, buses,... Soda ash import hits local industry RAWALPINDI, Sept 29: The soda ash industry has voiced serious concern about the import of soda ash from Ukraine and China at dumping price. The import has been attributed to cut... Oil prices up on Iraq unrest LONDON, Sept 29: Oil prices rose on Monday as traders took the news that thousands more US troops are to be sent to Iraq as a sign that much work remains... SBP mops up Rs21bn KARACHI, Sept 29: The State Bank of Pakistan said on Monday it had mopped up Rs21 billion in an open market operation (OMO) through the sale of one-week treasury bills.... PC invites EoIs for KESC sell-off ISLAMABAD, Sept 29: The Privatization Commission has invited expressions of interest (EoIs) from qualified utility operators and strategic and financial investors to acquire up to 73 per cent equity in Karachi... Transfer of fiscal, legal power support plan ISLAMABAD, Sept 29: The federal government is launching decentralization support programme (DSP) on October 4, 2003 with a $300 million funding from the Asian Development Bank (ADB) to transfer fiscal and... Kabul seeks removal of negative list ISLAMABAD, Sept 29: The Afghan government has sent a number of proposals for consideration to Islamabad suggesting doing away with the negative list under the Afghan Transit Trade (ATT) agreement.... KSE 100-share index falls below 4,000-point barrier KARACHI, Sept 29: The KSE 100-share index on Monday fell below the crucial level of 4,000 points, off 176 points after breaching through two consecutive barriers on panic selling but there... Clarification KARACHI, Sept 29: Referring to a news item, that appeared in Dawn on September 28, regarding renewal of licences for deep sea fishing trawlers, the Ministry of Food, Agriculture and Livestock... Kenya tea body wants FTA with Pakistan NAIROBI, Sept 29: Kenya’s tea industry says the government should negotiate a free trade agreement (FTA) with its top market Pakistan or risk losing its market share to India, a top... Ginners again raise asking prices KARACHI, Sept 29: Trading on the cotton market on Monday resumed on a firm note as ginners again raised their asking prices followed by a steady fall in arrivals of phutti... ME petrotech moot begins BAHRAIN, Sept 29: The fourth Middle East refining and petrochemicals conference and exhibition (Middle East Petrotech 2003) got underway here on Monday morning. Inaugurated by Bahraini Oil Minister Shaikh Isa bin... Pakistan-BD FTA may be finalized by Oct-end ISLAMABAD, Sept 29: Pakistan and Bangladesh have formally decided to initiate dialogue on signing of free trade agreement (FTA) between the two countries to increase the current volume of trade.... Karachi Port operations KARACHI, Sept 29: Eight ships carrying containers, guar meal and to load naphtha are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, Sept 29: Five ships carrying edible oil, high speed diesel and coal were allotted berths during the last 24 hours, said a PQA press release on Monday.... Dollar gains LONDON, Sept 29: The dollar rose against most major currencies on Monday ahead of a raft of US economic data later in the week, although it slipped back further on the... Palm oil 4-month high KUALA LUMPUR, Sept 29: Malaysian palm oil futures hit four-month highs on Monday after China committed to buy 2.7 million tons of the commodity in 2004 when its quota for the... Sui Southern Gas Company KARACHI, Sept 29: Sui Southern Gas Company Limited (SSGC) is expected to declare cash dividend at Rs1.75 (17.50) per cent and post 6-10 per cent drop in net earnings for the... Gold slips in Europe LONDON, Sept 29: Gold lost ground in Europe on Monday as a stronger dollar extended the profit-taking that took hold after the market rallied to more than seven-year highs last week....

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