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| October 14, 2003 | Tuesday | Sha'aban 17, 1424 |
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State-run banks cut mark-up to 2.35pc: Wheat buying in Sindh
KARACHI, Oct 13: Two state-run banks have lowered the rate of mark-up from 2.75 per cent to 2.35 per cent on finances availed by the Sindh food department for wheat procurement... 
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EU agrees to adopt MEP mechanism for bedlinen
KARACHI, Oct 13: The European Union has agreed to adopt Minimum Export Price (MEP) mechanism instead of imposing anti-dumping duty on bedlinen (category 20) imports from Pakistan....
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Pakistan, India to exchange 400 more items list: Concession under Sapta
ISLAMABAD, Oct 13: Pakistan and India are likely to exchange additional lists of around 400 items for concessional duties under South Asia Preferential Trade Arrangement (Sapta) to enhance the volume of...
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KCA against ban on cotton export
KARACHI, Oct 13: Chairman Karachi Cotton Association (KCA) Iqbal Umer has opposed a suggestion given by spinners to impose ban on raw cotton exports....
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Private sector credit shoots up to Rs167bn: Fiscal 2002-03
KARACHI, Oct 13: The banking system advanced an all-time-high credit of Rs167.7 billion to the private sector in the fiscal year July-June 2002-03, according to the final figures released by the...
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Index falls 57 points as investors sell long positions
KARACHI, Oct 13: Stocks on Monday suffered widespread decline as investors sold their long positions in the overvalued shares apparently in an effort to raise funds to invest in the National...
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KSE selects top 25 cos for 2002
KARACHI, Oct 13: The Karachi Stock Exchange on Monday announced names of top 25 companies selected for the year 2002. KSE Managing Director Moin Fudda stated in a press release that...
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Pakistan, Canada to increase economic cooperation
ISLAMABAD, Oct 13: Pakistan and Canada on Monday agreed to enhance bilateral trade, economic cooperation and set up inter-governmental commission between the two countries for implementation of decisions and strengthening economic...
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DTRE scheme fails to attract traders
ISLAMABAD, Oct 13: The Duty and Tax Remission for Export (DTRE) scheme has failed to attract businessmen during the last three years to avail the facility of zero customs duty and...
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Investment body IDB backs Pakistan’s proposal
PUTRAJAYA, (Malaysia), Oct 13: The Islamic Development Bank (IDB) is seriously considering a proposal by Pakistan on the creation of a joint investment promotion body, its vice-president Syed Jaafar Aznan said...
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Govt to prefer small investors in OGDCL IPO
KARACHI, Oct 13: Minister for Privatization and Investment Dr Hafeez Shaikh reiterated on Monday that first preference would be given to small investors in the initial public offering (IPO) of OGDCL....
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Banks asked to improve corporate governance
KARACHI, Oct 13: State Bank Governor Dr Ishrat Husain has asked banks to adopt best international practices in corporate governance....
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Tobacco growers woes
SWABI, Oct 13: The Pakistan Tobacco Board (PTB) apathy and violation of tobacco marketing Law, MLO 487, by the tobacco companies and small cigarette manufactures had caused a loss of over...
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Cotton prices touch Rs3,200 per maund
KARACHI, Oct 13: Cotton prices on Monday again rose to a record level of Rs3,200 per maund as ginners raised their asking prices followed by a considerable decline in daily arrivals...
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Karachi port operations
KARACHI, Oct 13: Six ships including rice loader and with coal and containers are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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PGL ratings upgraded
KARACHI, Oct 13: JCR-VIS credit rating company Ltd has upgraded the medium to long term entity rating of Pak-Gulf Leasing Company Ltd (PGL) to triple B plus with stable outlook, says...
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Jakarta show
ISLAMABAD, Oct 13: A high-level Pakistani trade delegation will participate in the 18th National Merchandise and Commodity Show 2003 in Jakarta on Wednesday....
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Euro slides against dollar
LONDON, Oct 13: The euro stumbled against the dollar on Monday after outgoing European Central Bank president Wim Duisenberg said a call by the G7 group of rich nations for more...
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