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| October 17, 2003 | Friday | Sha'aban 20, 1424 |
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Pakistan seeking two years’ extension: $1bn Saudi oil facility
ISLAMABAD, Oct 16: Pakistan is seeking a two-year extension in the Special Oil Facility (SOF) amounting to around $1 billion from Saudi Arabia, a finance ministry official told Dawn on Thursday.... 
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Remittances fall by 14.6pc in July-Sept
KARACHI, Oct 16: Workers remittances — or money sent back home by expatriate Pakistanis — fell to $890.3 million in the first quarter of this fiscal year down $152.7 million or...
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Politics shapes course of economic uplift
KARACHI, Oct 16: Former State Bank governor V.A. Jaffery said here on Thursday that scholars in their analysis and research work failed to recognize political factors that play an important role...
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Auto assemblers against 50pc cut in import duty
KARACHI, Oct 16: Auto assemblers, while expressing their concern over the proposal of Task Force for cutting import duty on new cars by 50 per cent, have urged the government to...
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Oil prices higher
LONDON, Oct 16: Oil prices saw mixed fortunes on Thursday as traders mulled weekly estimates of US inventories amid nervousness about levels of heating fuel stocks as winter looms in the...
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Stocks rise slightly as follow-up support turns shy
KARACHI, Oct 16: Stocks on Thursday again finished with fractional rise as follow-up support both from the financial institutions and retailers turned shy in the absence of positive news from the...
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Pakistan, US TIFA Council to meet soon
ISLAMABAD, Oct 16: The United States Assistant Trade Representative for South Asia, Ashley Will said on Thursday that successful implementation of the Trade and Investment Framework Agreement (TIFA) would pave the...
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Govt to float 5pc SSGC shares
KARACHI, Oct 16: Five per cent shares of Sui Southern Gas Company Ltd (SSGC) will be offered through stock market before the end of current financial year....
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SBP mops up Rs8.4bn thru OMO
KARACHI, Oct 16: The State Bank on Thursday siphoned off Rs8.4 billion from an excessively liquid money market through repo of treasury bills for up to one month. The move that...
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FHMB declares 18pc dividend
KARACHI, Oct 16: First Habib Bank Modaraba (FHBM) has earned a pre-tax profit of Rs98 million in the fiscal year (July-June) 2002-03, up 21 per cent from Rs81m it earned in...
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Efforts on to expand tax net
ISLAMABAD, Oct 16: Finance Minister, Shaukat Aziz said on Thursday that government was considering various measures for plugging loopholes in the tax administration to raise more revenue in the coming years....
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Cotton market maintains bullish outlook
KARACHI, Oct 16: The cotton market on Thursday maintained bullish outlook as spinners continue to make fresh commitments at the ginners asking prices followed by reports of limit-gain in New York...
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More facilities for corporate sector sought
ISLAMABAD, Oct 16: The Vice President and Zonal Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Sohail Altaf has said that in Pakistan the corporate sector was...
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Genuine buyers stay away from yarn market
FAISALABAD, Oct 16: The local cotton yarn market is virtually being run by speculators while the genuine buyers belonging to Faisalabad, Toba Tek Singh, Jhang, and other adjoining districts and towns...
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Karachi Port operations
KARACHI, Oct 16: Four ships carrying containers and coal are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Flexibility quota in Cat-338
LAHORE, Oct 16: The Ministry of Commerce may allow knitwear exporters further five per cent over-programming quota in Cat-338 (knitted shirts for the US) next month....
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