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| October 12, 2003 | Sunday | Sha'aban 15, 1424 |
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Rules for pension funds under way
KARACHI, Oct 11: The Securities and Exchange Commission of Pakistan (SECP) is developing a regulatory framework for the growth of pension funds, Federal Finance Minister Shaukat Aziz disclosed on Saturday.... 
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Spinners may import 100,000 cotton bales
LAHORE, Oct 11: Several spinners intend to import cotton in view of higher prices of local cotton which have risen sharply in the last couple of weeks....
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Banks in trading of shares
KARACHI, Oct 11: Banking reforms, initiated in 1997, are focused on privatization, liberalization and integration of domestic financial markets....
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Under-invoicing hits industries
ISLAMABAD, Oct 11: Widespread under-invoicing being resorted to by unscrupulous importers goes unchecked, causing serious damage to local industries, officials admitted to Dawn here on Saturday....
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Money changers not ready to go after June 30
KARACHI, Oct 11: The question is this. Will 368 money changers operating from Karachi to Peshawar disappear after June 30, 2004? The answer is: majority of them will go underground. That...
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Meezan Islamic Fund IPO begins tomorrow
KARACHI, Oct 11: Meezan Islamic Fund, which proposes to open up its books for initial public offering (IPO) from Monday to Friday (October 13 to 17) would be the second Islamic...
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Pest attack and cotton crop size
MULTAN, Oct 11: Following pest infestation in cotton fields of the Punjab and the shortage of the required pesticides, the crop size for 2003-4 has become a question mark....
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Inflation rises by 1.78pc
ISLAMABAD, Oct 11: Inflation (Consumer Price Index) moved up by 1.78 per cent during the period July-September, 2003, as compared to the same period of previous year, according to the Monthly...
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Cotton export
KARACHI, Oct 11: Federal Minister for Labour, Manpower and Overseas Pakistanis, Abdus Sattar Lalika on Saturday said that the government will not restrict export of cotton....
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SRO410 to expire on Dec 31
ISLAMABAD, Oct 11: The Central Board of Revenue (CBR) has further extended the temporary importation scheme under SRO410 up to December 31, 2003....
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Shell-led consortium to find gas in S. Arabia
RIYADH, Oct 11: Saudi Arabia said on Saturday that Royal/Dutch Shell, Total and state Saudi Aramco recently finalised a landmark deal to find and pump gas in the kingdom ahead of...
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US stocks flat, eyeing fresh results
NEW YORK, Oct 11: Stocks ended flat on Friday as many traders took the day off, and those who were at work sifted through the first few quarterly earnings scorecards for...
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Transfers, postings in CBR
ISLAMABAD, Oct 11: The Central Board of Revenue (CBR) has transferred and posted 47 senior officials of income tax group and 19 senior officials of customs and excise group....
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Dollar trails as Japan magnet pulls in flows
NEW YORK, Oct 11: The allure Japanese equities hold for foreign investors is a main catalyst for the yen’s surge that shows little sign of abating, proprietary data from some US-based...
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CBOT wheat prices weak
CHICAGO, Oct 11: Chicago Board of Trade wheat futures closed weak on Friday with the market pressured a bit by a bearish number for global wheat ending stocks in Friday’s USDA...
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New York cotton ends at 5-year high, ignores USDA
NEW YORK, Oct 11: NY cotton finished on Friday at a five-year high on robust trade and options-related buying as the market dismissed a bearish USDA monthly supply/demand report, analysts said....
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India’s forex reserves fall
MUMBAI, Oct 11: India’s foreign exchange reserves fell about 1.8 per cent in the week ended October 3, snapping eight weeks of rises, following redemption of foreign currency bonds during the...
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Smuggled soap captures 20pc market
KARACHI, Oct 11: Smuggled, fake and under-invoiced soaps are gradually increasing their share in the local markets for their prices being attractive. Most of the retail outlets display such products prominently,...
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Prices remain stable on cotton market
KARACHI, Oct 11: Cotton prices on Saturday remained stable around the overnight levels but ready offtake was light as spinners made selective buying apparently in a bid to forestall speculative run....
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Pakistan, Yemen ink taxation treaty
ISLAMABAD, Oct 11: Pakistan and Yemen have inked an agreement on the avoidance of double taxation between the two countries to promote bilateral trade....
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