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| October 2, 2003 | Thursday | Sha’aban 5, 1424 |
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Prices crawling up ahead of Ramazan
KARACHI, Oct 1: Prices of essential items like onion, tomato, flour, ginger, garlic, gram pulse, poultry, milk powder, etc., have started crawling up ahead of Ramazan, starting in the last week... 
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SBP signals stability in interest rates
KARACHI, Oct 1: The State Bank on Wednesday signalled that the time has not come to let interest rates rise sharply though there is room for upward adjustments wherever necessary....
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LSM output up by 6.82pc in July-Aug
ISLAMABAD, Oct 1: The output of large-scale manufacturing has increased by 6.82 per cent during the first two months (July-August) of 2003-04 compared with the same period last year, official statistics...
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Pakistan role in multi-trading system important: WTO chief meets Musharraf
ISLAMABAD, Oct 1: Director General World Trade Organization (WTO), Dr. Supachai Panitchpakdi said on Wednesday Pakistan is an influential member of the WTO and it has a very important role to...
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PC declares OGDCL IPO at Rs32 per share
KARACHI, Oct 1: The Privatization Commission on Wednesday announced that shares in Oil and Gas Development Company Limited (OGDCL) — the largest oil and gas exploration company in the country —...
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Pakistan to gain more in quota-free regime
KARACHI, Oct 1: Minister of State and Chairman Export Promotion Bureau Tariq Ikram on Wednesday said that the country’s textile and garment exports were expected to increase in the post-quota era....
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Time ripe for Pakistan to enter bond market
NEW YORK, Oct 1: With Pakistan’s credit ratings inching upwards Wall Street sources here said on Tuesday that “it is an ideal time for Pakistan to access the bond market, as...
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Banks give Rs2bn term finance to Engro
KARACHI, Oct 1: United Bank, Muslim Commercial Bank and Standard Chartered Bank have jointly arranged a term finance facility of Rs2 billion for Engro Chemical Pakistan Ltd....
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Oil prices decline on US data
LONDON, Oct 1: Oil prices fell on Wednesday as a rise in US refined product stocks ahead of winter ended gains of more than eight percent since Opec’s shock decision to...
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State Bank directive on loan write-off
LAHORE, Oct 1: The State Bank of Pakistan (SBP) Committee for the Resolution of Disputes cropping up between borrowers and banks during the settlement of bad loans under the central bank’s...
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Recovery drive continues on stock market
KARACHI, Oct 1: Stocks on Wednesday maintained their recovery drive as leading investors made fresh short-covering on selected counters under the lead of PSO and PTCL but the turnover figure remained...
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Pakistan to help Kabul in taxation system
ISLAMABAD, Oct 1: Pakistan will provide technical assistance as well as a plan for introduction of an effective taxation system in Afghanistan....
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Karachi Port operations
KARACHI, Oct 1: Four ships carrying crude oil, steel coils and containers are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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New Prgmea chairman
KARACHI, Oct 1: Tahir Aziz has been elected unopposed chairman, (central) Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) for 2003-04....
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Spinners ignore asking prices, lift all lots
KARACHI, Oct 1: Cotton prices on Wednesday tended further higher as spinners were not inclined to take even a technical breather and lifted all the lots offered for sale by the...
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Hafeez calls for expediting FESCO sell-off
ISLAMABAD, Oct 1: Minister for Privatization and Investment, Dr. Hafeez Shaikh has directed the Financial Advisers for Faisalabad Electric Supply Company (FESCO) and the Jamshoro Power Company (JPC) to complete all...
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July-Sept collection up by 4pc
ISLAMABAD, Oct 1: The tax authorities collected Rs94.18 billion during the first quarter (July-September) of the current financial year against Rs90.35 billion collected during the same period last year, showing an...
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Talks on TIFA: Ashley to visit Pakistan
LAHORE, Oct 1: US trade official Ashley Wills is scheduled to visit Pakistan in the near future to follow up ongoing talks between the countries on Trade Investment Framework Agreement (TIFA)....
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200 units dump effluent into Ravi
LAHORE, Oct 1: Over 200 industries are discharging waste water into the Ravi, according to the Punjab Environment Protection Department....
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Palm oil prices
KUALA LUMPUR, Oct 1: Malaysian palm oil futures bounced back by Wednesday’s close, after falling in the morning on profit-taking and a lack of buying factors....
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