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October 19, 2003 Sunday Sha'aban 22, 1424 WB, ADB ask Pakistan to ensure fast growth: Private sector investment ISLAMABAD, Oct 18: The World Bank and the Asian Development Bank have urged the government to ensure fast growth in private sector investment to meet the major challenge of poverty.... Cotton growers lose hope for better crop MULTAN, Oct 18: In his mid 60s, Haji Ghulam Rasool sits on a charpoy laid almost on the edge of the highway — which many prefer to call motorway due to... Foreign investors withdraw $28m from bourses KARACHI, Oct 18: The US and Switzerland made heavy investment in Pakistan’s stock market in the first quarter of this fiscal year. But that could not avert a net outflow of... Local assemblers cut production: Influx of Chinese TV KARACHI, Oct 18: Influx of cheap Chinese TV (both smuggled and under-invoiced) coupled with the ongoing racket of using old picture tube of computers to make a new TV set of... Aptma wants ST on cotton abolished LAHORE, Oct 18: An extraordinary general meeting of the All Pakistan Textile Mills Association (Aptma) on Saturday urged the government to pick the freight cost (of four cents per kilo) on... Annual ranking of powerful brands KARACHI, Oct 18: Multinationals say that their principal assets are powerful brands with strong consumer loyalty. These branded items in the category of food, beverage, pharmaceuticals, paints, lubricants, cigarettes, etc., have... Modarabas give mixed financial results KARACHI, Oct 18: The Modaraba sector is coming up with mixed financial results for the latest term. On Friday, B.R.R. International Modaraba announced net profit amounting to Rs103.2 million,... Gas pipeline ADB submits feasibility report to Pakistan ISLAMABAD, Oct 18: The Asian Development Bank has submitted to Pakistan the feasibility study of the $3.2 billion Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project and has found it technically and economically feasible,... MCC to invest $73m in mineral projects QUETTA, Oct 18: The Chines firm, Meteorological Construction Corporation (MCC) would invest $73 million in zinc and lead exploration and mineral development project in Dodhar area of Lasbela district.... US holds out little hope of currency deal with China MANILA, Oct 18: Despite a personal appeal from President George W. Bush, the US administration held out little hope of winning concessions on Sunday from Chinese President Hu Jintao to begin... US links $4-5 billion investment to law and order ISLAMABAD, Oct 18: US businessmen accompanying the visiting US Assistant Trade Representative for South Asia Ashley Will are said to have expressed their willingness to invest as much as $4-5 billion... SPI moves up by 0.76 per cent ISLAMABAD, Oct 18: Sensitive Price Indicator (SPI), propelled by the hike in prices of wheat, wheat flour and petroleum, spiralled by 0.76 per cent during the week ending October 16, 2003... Bangladesh halves LC margin DHAKA, Oct 18: The Bangladesh government has recently reduced by half the margin requirement on opening of letters of credit (LCs) for importing 56 commodities, mostly luxury items, fulfilling an International... Cut in ATT negative list opposed ISLAMABAD, Oct 18: The ministry of industry is opposing the suggestion of Central Board of Revenue (CBR) to exclude three major electronic appliances from the negative list under Afghan Transit Trade... Dollar falls steeply NEW YORK, Oct 18: The dollar retreated on Friday in choppy, desultory trading as fairly solid economic data failed to meet the market’s lofty expectations set after a series of consensus-busting... Efforts on to enhance parboiled rice output ISLAMABAD, Oct 18: Pakistan is considering various measures to encourage exporters to invest more in production of parboiled rice for its subsequent exports to Saudi Arabia.... APEC economies to return to WTO negotiating table BANGKOK, Oct 18: Twenty-one developing and industrialised economies in the Asia-Pacific region meeting here have agreed to restart stalled talks to free world trade after forging a compromise, officials said on... Base metals prices make further progress in signs of US economic LONDON, Oct 18: Base metals prices made further progress this week as signs that the US economic locomotive is picking up steam boosted expectations of a pick-up in demand.... Emirates airline plans bond issue worth $544.5m DUBAI, Oct 18: Emirates airline plans to issue a two billion dirham ($544.5 million) bond this year to finance expansion plans, an airline spokesman said on Saturday.... ‘Petroleum plan for Iraq overpriced’ WASHINGTON, Oct 18: The Bush administration is asking Congress to approve about $200 million more than necessary to buy gasoline, kerosene and other petroleum products for the Iraqi people, according to...

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