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October 21, 2003 Tuesday Sha'aban 24, 1424 Import of cotton from India sought KARACHI, Oct 20: The panic-stricken spinners body — All Pakistan Textile Mills Association (Sindh-Balochistan zone) — wants the policy-markers to explore the possibility of importing cotton from India through Wagha border.... Current account surplus up to $756m in 2 months KARACHI, Oct 20: Pakistan’s current account balance rose around nine per cent or $61 million to $756 million in the first two months of this fiscal year from $695 million in... Malaysia interested in joint ventures KARACHI, Oct 20: Leader of the 10-member delegation of Federation of Malaysian Manufacturers (FMM) Investment Mission, Tan Sri Dato Soong Siew Hoong has said Malaysian businessmen are interested in joint ventures... Pakistan, Iran to hold talks on FTA ISLAMABAD, Oct 20: Pakistan and Iran have decided to start formal negotiations on free trade agreement (FTA) to increase the current volume of bilateral trade between the two countries.... Stocks recover partially amid light trading KARACHI, Oct 20: Stocks on Tuesday turned mixed as some of the low-priced shares came in for active short-covering at the lower levels and finished partially recovered amid light trading. The... Major cos’ results this week KARACHI, Oct 20: Board meetings of some of the companies with widely traded stocks are scheduled to be held during the current week. The main item on the agenda would be... No solution yet to car premium, late delivery KARACHI, Oct 20: Despite 60 per cent rise in production of cars in July-September 2003-2004, the issues of charging premiums on locally assembled cars coupled with late delivery to the customers... Govt urged to impose ban on yarn export KARACHI, Oct 20: Textile ancillary industry has asked the government to immediately impose ban on yarn export to protect value-added textile goods export and avoid large-scale unemployment in the industry.... Oil prices lower LONDON, Oct 20: Oil prices slipped further on Monday after Kuwait’s energy minister said over the weekend that Opec could raise production to take some of the heat out of the... Industrial collaboration pact KARACHI, Oct 20: A new industrial collaboration agreement (ICA) was signed here on Monday between Al-Ghazi Tractors, a company of Al-Futtaim Group of Dubai and CNH, manufacturers of Fiat tractors.... NAB to deal with loan default cases: Ishrat PESHAWAR, Oct 20: State Bank governor Dr Ishrat Hussain has said that cases of loan defaulters, who are not paying heed to the SBP’s guidelines, would be sent to the National... Selective buying on cotton market KARACHI, Oct 20: Trading on the cotton market on Monday resumed on a higher note but unlike the previous week spinners made selective buying in an apparent effort to contain the... Iran for joint trade within Islamic world RIYADH, Oct 20: Joint investment activities within the Islamic world would be aggressively promoted, Iranian deputy minister of economy and finance Mohammad Khazaee told a meeting of Muslim entrepreneurs from across... Bangladesh, India begin talks on free trade DHAKA, Oct 20: Shrugging off sharp differences over a number of trade issues, officials of Bangladesh and India on Monday “cautiously” started three-day talks on the proposed bilateral free trade agreement... CBR warns against defiance to DTRE rules KARACHI, Oct 20: The Member, Customs, Central Board of Revenue (CBR), Ramzan Bhatti has warned that the board may opt for other options if exporters do not register themselves under Duty... Karachi Port operations KARACHI, Oct 20: Eight ships carrying containers, soyabean meal and to load ethanol are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... BD waives duty on onion imports DHAKA, Oct 20: Bangladesh authorities have waived import duties on onions in an effort to lower soaring prices of the vegetable, an essential ingredient in the local cuisine.... Dollar perks up LONDON, Oct 20: The dollar received a somewhat fleeting boost on Monday from reported remarks by US Treasury Secretary John Snow, who insisted that Washington has not been trying to talk... Gold trades routinely in Europe LONDON, Oct 20: Gold bullion traded routinely in Europe on Monday, taking direction from currency factors, but largely remaining range-bound, well above Friday’s seven-week lows, traders said.... ‘Iran has no intention to leave Opec’ TEHRAN, Oct 20: Iran has no plans to pull out of Opec despite reported comments by one oil official at the weekend that it would be better for Iran to leave...

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