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October 7, 2003 Tuesday Sha’aban 10, 1424 Exports up by 14.65pc during July-Sept ISLAMABAD, Oct 6: Exports during the first quarter of the fiscal 2003-04 amounted to $2,967.63 million (Rs171.47 billion), up 14.65 per cent over the corresponding period of previous year.... SPI moves up slightly ISLAMABAD, Oct 6: Sensitive Price Indicator moved up by 0.02 per cent during the week ending October 2, 2003, according to the weekly price statement of the Federal Bureau of Statistics.... Iraq devising alternative oil export routes RIYADH, Oct 6: With the major oil pipeline sabotaged, and oil prices remaining bullish, Iraq is reportedly working on alternative routes to export its crude. Amid speculation of a planned strike... Cotton crop target to be achieved ISLAMABAD, Oct 6: The country will achieve cotton crop target of 10.55 million bales during the year 2003-04 despite virulent pest attack witnessed in September, experts have informed the Ministry of... Relief for foreign ships with 80pc local crew KARACHI, Oct 6: The government has allowed 25 per cent rebate on port dues to foreign flag vessels carrying or manned by at least 80 per cent Pakistani crew.... Presentation for NBP shares ISLAMABAD, Oct 6: The Privatization Commission has scheduled presentations for the members of Lahore Stock Exchange and Karachi Stock Exchange on the third public offering of 3.2% shares of National Bank... Oil prices rise on Nigeria strike LONDON, Oct 6: Oil prices advanced on Monday after labour leaders in African producer Nigeria called for a nationwide general strike and as concerns mounted over the security situation in the... Venture capital cos for SMEs proposed KARACHI, Oct 6: The Union of Small and Medium Enterprises (Unisame) has proposed to the ministry of finance to introduce and promote venture capital companies (VCC) aimed at meeting financial needs... NDLC share books closure KARACHI, Oct 6: National Development Leasing Corporation Limited (NDLC) said on Monday that the company’s share transfer books would be closed from October 14 to determine the names of shareholders of... Oil import ban SINGAPORE, Oct 6: Pakistan has extended an import ban on fuel oil until the end of November because of increased hydropower generation and natural gas supply, industry sources said on Monday.... Short-covering helps index breach 4,200-point barrier KARACHI, Oct 6: Stocks on Monday maintained their upward drive followed by active short-covering by all and sundry under the lead of institutional traders aided partly by reports of partial liquidation... Asean leaders propose single market NUSA DUA (Indonesia), Oct 6: Southeast Asian leaders, sidestepping Myanmar’s embarrassing political crackdown, focused on Monday on ways to revive their one-time “miracle economies” through a proposed single market for their... Pakistan to train Afghan customs officials ISLAMABAD, Oct 6: Pakistan will provide training to around 40 customs officials of Afghanistan as a first step to help Kabul in establishing an effective customs administration system in the country.... Cement units capacity utilization moves up LAHORE, Oct 6: The capacity utilization of cement factories has enhanced to 76.64 per cent in the first quarter of 2003-04... Panic-buying pushes cotton prices up KARACHI, Oct 6: Despite a substantial increase in arrivals of phutti during the last fortnight, spinners again indulged in panic buying amid reports of a short crop owing to late pest... PBA code of ethics for banks KARACHI, Oct 6: The Pakistan Banks Association (PBA) has circulated a 26-page ‘code of ethics’ guideline to all banks laying more stress on ways and means to prevent money laundering.... Karachi Port operations KARACHI, Oct 6: Berthing activity at the Karachi port is expected to gather fresh momentum as nine ships carrying steel cargo, DAP fertilizer and containers are expected to arrive on Tuesday,... Port Qasim KARACHI, Oct 6: A container ship, Saudi Dariyah, to load and unload containers arrived at the outer anchorage during the last 24 hours, said a PQA press release on Monday.... PICIC, Indian bank meeting KARACHI, Oct 6: The top management of Pakistan Industrial Credit & Investment Corporation (PICIC) held a detailed meeting here on Monday with Executive Director of ICICI Bank, India, to share their... Trade with Poland LAHORE, Oct 6: Polish Ambassador to Pakistan Tomasz Kozlowski said on Monday that Pak-Polish trade volume had registered a 300 per cent increase during the last decade, going up to $48...

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