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October 10, 2003 Friday Sha’aban 13, 1424 SBP designs revolving credit for farmers KARACHI, Oct 9: The State Bank has introduced a new revolving credit scheme for the farming and rural community that make bank credit available to farmers/growers and other borrowers for three... Savers withdraw Rs2bn from NSS in two months KARACHI, Oct 9: Withdrawals of investment from national saving schemes continues after the cut in their rates of return in July this year.... Anti-money laundering issue reviewed KARACHI, Oct 9: The consultative group on money laundering met here on Thursday for the first time and discussed in detail how money laundering could be attacked by the regulators as... Refund falls by 9.4pc ISLAMABAD, Oct 9: The Central Board of Revenue (CBR) has released Rs16.73 billion refund/rebate to exporters during the first quarter (July-September) of the current financial year against Rs18.47 billion it paid... Prices all-time high on cotton market KARACHI, Oct 9: Cotton prices on Thursday soared to an all-time higher level as spinners again indulged in panic buying in a bid to grab the floating stock and the consequent... SECP chief asks NBFCs to diversify operations KARACHI, Oct 9: The Securities and Exchange Commission of Pakistan wants leasing companies to venture into agriculture sector.... OGDCL IPO to add $2bn to stock market ISLAMABAD, Oct 9: The listing of five per cent shares of Oil and Gas Development Company Limited at the stock exchange through initial public offering (IPO) would add $2 billion to... CCAC to review cotton output, pesticides issue: Meeting on 18th KARACHI, Oct 9: Shortage of pesticides and the invasion of army bollworms have done the damage in the various cotton belts of Punjab. The Cotton Crop Assessment Committee (CCAC) is meeting... Bears dominate proceedings on stock market KARACHI, Oct 9: Stocks on Thursday maintained bearish outlook as leading investors did not take fresh positions at the lower levels amid fears of law and order situation. The KSE 100-share... Display terminals at KSE KARACHI, Oct 9: The chairman, Securities and Exchange Commission of Pakistan (SECP), Dr Tariq Hassan on Thursday said that just as technology was altering and expanding traditional trading mechanism, so too... KSE grants clearance KARACHI, Oct 9: Karachi Stock Exchange on Wednesday granted clearance to the offer for sale documents of the forthcoming initial public offering (IPO) of the OGDCL.... Cement producers start inspection of sales, export: Tax evasion LAHORE, Oct 9: The cement producers have started self-inspection of sales and exports originating from all factories in the country to omit (even slightest possibility) of tax evasion.... Pakistan needs political stability: Rating upgrade KARACHI, Oct 9: An improvement in Pakistan’s credit ratings from its current junk status hinges on securing political stability, which hit a fresh setback this week due to renewed religious violence.... Textile exports up by 16pc in three months ISLAMABAD, Oct 9: Textile manufactures accounted for 66.65 per cent of total exports ($2967.63 million) during the period July- September 2003, as against 65.50 per cent of the corresponding period of... Pakistan, Canada to enhance trade volume ISLAMABAD, Oct 9: Pakistan and Canada are considering a string of proposals for increasing current volume of bilateral trade, joint ventures and investment opportunities between the two countries.... Karachi Port operations KARACHI, Oct 9: Six ships carrying palm oil, chemical and to load ethanol are expected to arrive at the outer anchorage on Friday, according to KPT sources.... BoE leaves interest rates unchanged LONDON, Oct 9: The Bank of England held its main interest rate unchanged at 3.5 per cent for a third straight month on Thursday, deciding against an increase despite evidence the... UNDP plan to address trade issues of Pakistan ISLAMABAD, Oct 9: The United Nation Development Programme (UNDP) would provide support to ministry of commerce in building institutional capacities, formulating trade policies, preparation of multilateral trade agreements and on WTO... Trade team BEIJING, Oct 9: A Pakistan trade delegation is arriving in China on a week-long visit from Friday to explore new avenues of bilateral cooperation in areas of common interest.... Palm oil prices higher KUALA LUMPUR, Oct 9: Malaysian palm oil futures finished higher on Thursday, buoyed by hopes of better palm oil exports for the first 10 days of the month....

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