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October 8, 2003 Wednesday Sha’aban 11, 1424 Govt sets stage to sell 15-20 years PIBs KARACHI, Oct 7: The government has decided to add 15-year and 20-year Pakistan Investment Bonds to the list of the existing three tenures, but it is yet to announce when these... Withdrawal of SRO 410 to hit textile trade KARACHI, Oct 7: Export of value-added textile goods is said to have slowed down because the customs authorities have stopped releasing fabrics and other accessories duty free after the expiry of... Major fall averted as investors play safe on KSE KARACHI, Oct 7: Stocks on Tuesday finished reacted as investors played on both sides of the market fearing law and order situation after the assassination of a prominent religious leader and... Insurance cos improve profitability KARACHI, Oct 7: The recently released financial figures of insurance companies for the half year ended June 30, 2003, showed that the trend of improved profitability had continued. But performance of... 15 more securities join NCSS clearing LAHORE, Oct 7: Some 15 more securities have been declared eligible by the Central Depository Company (CDC) for clearing and settlement through the National Clearing and Settlement System.... National Bank shares LAHORE, Oct 7: National Bank of Pakistan (NBP) will offer the third tranche of its shares for sale to the general public through stock market for sale on October 13-14 (Monday... Pakistan, Turkey to sign joint Ventures KARACHI, Oct 7: Several joint ventures will be signed between Pakistani and Turkish companies in the field of gem stones, jewellery, textile and garments, automotive sector and transportation.... Businessmen discuss trade with Khatami LAHORE, Oct 7: A high-level delegation of Pakistani traders currently visiting Iran to attend the four-day private sector meeting of Islamic Chambers of Commerce and Industry on Tuesday called on Iranian... Rupee up in inter-bank, kerb market KARACHI, Oct 7: The rupee has gained nine paisa against the US dollar in the inter-bank market in two days. Senior bankers said it closed around Rs57.64 to a dollar on... SBP help sought in NPL cases LAHORE, Oct 7: The Lahore Chamber of Commerce and Industry has urged the State Bank to help implement decisions of the Dispute Resolution Committee formed under the BPD-29.... Oil prices decline LONDON, Oct 7: Oil prices dipped on Tuesday following the previous day’s gains despite continued nerves at the possible impact of a general strike in leading African oil producer Nigeria.... NBP branch KABUL, Oct 7: National Bank of Pakistan on Tuesday became the first foreign bank to open a branch in Afghanistan, marking the start of the country’s new private commercial banking system,... Cotton prices up on intensive buying KARACHI, Oct 7: Cotton prices on Tuesday rose further as spinners continued to make panic buying despite official reports that production target of 10.5m bales could be met despite pest attack... Karachi Port operations KARACHI, Oct 7: Seven ships carrying crude oil, chemicals, and to load naphtha are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... APCEA wants SRO 410 reintroduced FAISALABAD, Oct 7: All Pakistan Cloth Exporters Association has demanded of the government to reintroduce SRO-410 so that exporters could import various accessories for BMR.... Asian forex reserves reach $1.74trn SINGAPORE, Oct 7: Asian foreign exchange reserves have risen to $1.74 trillion, according to the latest available figures from regional central banks.... Islamic bonds KUALA LUMPUR, Oct 7: Turkey plans to sell $400 million to $500 million of Islamic five-year bonds by the end of the year, joining a growing trend among Muslim nations to... Red tape keeps states poor: WB WASHINGTON, Oct 7: Cumbersome regulations for business make it harder for countries to lift themselves out of poverty, while increasing the potential for corruption, according to a World Bank report released... Election KARACHI, Oct 7: Bashir Ali Mohamamd has been elected as chairman of Landhi Association of Trade and Industry (LATI). Shahbaz Ali Malik and Dawood Usman Jhakoora have been elected as vice... Palm oil prices up KUALA LUMPUR, Oct 7: Malaysian palm oil futures ended up on Tuesday, rebounding from Monday’s fall and inspired by the strength in rival Chicago soyaoil....

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