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October 11, 2003 Saturday Sha'aban 14, 1424 Spinners want cotton export restricted LAHORE, Oct 10: Amidst worries that higher cotton prices may undo recent achievements of the textile sector, some spinners have called for “restraining” the export of the commodity till as late... Punjab upbeat on achieving target LAHORE, Oct 10: Based on the results of early picking data from 12 districts, the Punjab government hopes to achieve the target of eight million bales.... Banks get free hand to fix mark-up: Revolving farm credit KARACHI, Oct 10: Banks are free to fix mark-up on agricultural lending under the State Bank’s revolving credit scheme for the farming community.... Fish export up by 37 per cent in July-Sept KARACHI, Oct 10: Foreign buyers continued to pour in fresh orders for Pakistani fish and fish preparations, which registered a rise of 37 per cent in value and quantity terms in... KSE 100-share index stages modest recovery KARACHI, Oct 10: The KSE 100-share index on Friday staged a modest recovery from the recent lows followed by active short-covering in the leading base shares but the broader market remained... Oil prices rise LONDON, Oct 10: Oil prices recorded further strong gains on Friday due to a combination of fund buying and concerns about supplies of heating fuel ahead of the looming northern hemisphere... Cotton target to be achieved, NA told ISLAMABAD, Oct 10: The government said on Friday a 10.5-million bales production target for the current cotton crop would be achieved despite a pest attack and that growers would get a... Govt warned of wheat shortage next year ISLAMABAD, Oct 10: The federal government has been warned of a looming food crisis next year as a result of delayed wheat sowing during the current season, a senior government official... Rupee rising as exporters sell dollars KARACHI, Oct 10: The rupee has gained 27 paisa or about half a percentage point against the US dollar in the inter-bank market so far this week.... OGDCL IPO by month-end ISLAMABAD, Oct 10: The initial public offering (IPO) for the sale of 2.5 per cent shares of Oil and Gas Development Company Limited (OGDCL) will take place in the last week... NBP shares subscription opens on 13th ISLAMABAD, Oct 10: The government is offering 3.2pc (13.13 million) additional shares of National Bank of Pakistan (NBP) to the public through the third offer for sale of the bank’s shares.... Edible oils import bill up by 21pc in 3 months ISLAMABAD, Oct 10: Pakistan imported over 0.34 million tons of edible oils during the first three months of 2002-04, signifying an increase of over 12 per cent, over the corresponding period... S&P rates Rs8.7bn bonds at BB-minus SINGAPORE, Oct 10: Standard & Poor’s Ratings Services on Friday assigned its ‘BB-minus’ long-term local currency debt rating to three Pakistan Investment Bonds totalling Rs8.7 billion ($151 million) that were issued... Prices fall by Rs300 on cotton market KARACHI, Oct 10: Cotton prices on Friday fell by Rs300 per maund from the overnight all-time peak levels as spinners and mills withdrew to the sidelines and did not make fresh... Membership suspended ISLAMABAD, Oct 10: Securities and Exchange Commission of Pakistan has suspended M/s Investec Securities Limited (ITSL) membership of Karachi Stock Exchange for violation of the Broker’s Code of Conduct enshrined in... Karachi Port operations KARACHI, Oct 10: Four ships carrying containers and guar meal are expected to arrive at the outer anchorage on Saturday, according to KPT sources... Pakistan for major cut in farm subsidies ISLAMABAD, Oct 10: Commerce Minister, Humayun Akhtar Khan on Friday said Pakistan, along with other major developing countries, was asking for major reductions in agriculture subsidies, domestic support and scaling down... Rice export KARACHI, Oct 10: India’s temporary ban on its rice export has created an opportunity for Pakistani exporters to make ways for their commodity in the international market in a big way,...

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