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October 24, 2003 Friday Sha’aban 27, 1424 Good price received for Eurobond floatation ISLAMABAD, Oct 23: The government has received a “very good price” from 11 international banks and investment companies interested in floating $500 million eurobonds on behalf of Pakistan by December this... Punjab pursuing firms to import pesticides KARACHI, Oct 23: The Punjab Agriculture Department is pursuing the pesticide companies to air-lift the insecticides to have at least one spray on standing cotton crop to control armyworm and heliothis,... Petroleum policy designed to lure investment ISLAMABAD, Oct 23: The government’s petroleum policy is designed to encourage investment in the petroleum and gas exploration as well as downstream oil marketing activities.... Govt borrowing up at Rs43.5bn in July-Sept KARACHI, Oct 23: The government sector borrowed Rs43.5 billion for filling in the gaps between its income and expenses in the first quarter of this fiscal year against the full year... Oil prices up LONDON, Oct 23: Oil prices edged upwards on Thursday, bouncing back gently from the previous day’s falls when new US energy stockpile figures eased fears of a shortage in winter heating... Oil and gas Exploration licence granted ISLAMABAD, Oct 23: Pakistan on Thursday granted a petroleum exploration licence to a joint venture led by OMV of Austria over Latif Block in Khairpur district of Sindh.... Asia forum to discuss economic development ISLAMABAD, Oct 23: The Boao Forum for Asia Annual Conference, to be held on November 2-3 at Boao, Hainan Province of China, will discuss a wide range of subjects related to... PSO profit stands at Rs1.47bn in July-Sept KARACHI, Oct 23: Pakistan State Oil (PSO) recorded before-tax profit of Rs1.47 billion and after tax profit of Rs1 billion in the first quarter of 2003-2004 which is almost same recorded... IPO of PIA, SSGC, PPL Shares reviewed ISLAMABAD, Oct 23: Privatization and Investment Minister Dr Abdul Hafeez Shaikh here on Thursday asked his ministry to expedite the public offering of SSGC, PIA, PPL and KAPCO shares.... 15 companies join NCSS LAHORE, Oct 23: Another 15 companies joined the National Clearing & Settlement System (NCSS) of the Central Depository Company, increasing the number of securities settled through NCSS to 331 from the... Deficit breach EC commits equal treatment BRUSSELS, Oct 23: The European Commission on Thursday vowed “equal treatment” of all members of the 12-nation eurozone after Germany said its deficit would surpass an EU limit again next year.... Speculators hold sway on Faisalabad yarn market FAISALABAD, Oct 23: The local cotton yarn market on Thursday remained bullish and speculators were transacting business due to unprecedented increase in the prices of cotton yarn increase in phutti rate.... KSE 100-share index sheds another 76.59 points KARACHI, Oct 23: Stocks on Thursday fell further on a wide front as investors were not inclined to make fresh commitments even at the falling prices apparently awaiting the revival of... Prices move up on cotton market KARACHI, Oct 23: Cotton market on Thursday resisted fresh decline in prices as ginners again raised their asking prices by about Rs100 per maund depending on the quality of lint in... Britain Interested in joint venture FAISALABAD, Oct 23: British High Commissioner, Mark Lyall Grant has said Pakistan, being a launching pad for trade with South and Central Asian countries has great business potential, and a large... Swiss CG to work for enhancing trade KARACHI, Oct 23: Consul General of Switzerland, Julius F. Anderegg on Thursday emphasized more concrete efforts to increase trade between his country and Pakistan and observed that trade picture was not... Reforming of WTO a separate issue GENEVA, Oct 23: Plans under discussion to reform the World Trade Organization should be kept separate from the current round of trade liberalization talks, WTO chief Supachai Panitchpakdi said on Thursday.... Karachi Port operations KARACHI, Oct 23: Seven ships carrying soyabean meal, rock phosphate and chemicals are expected to arrive at the outer anchorage on Friday, according to KPT sources.... German growth BERLIN, Oct 23: The German government on Thursday slashed its official growth forecasts for this year and next and warned that Germany’s public deficit was likely to remain in breach of... Afghanistan,UK strike investment, trade deal KABUL, Oct 23: Afghanistan and Britain signed an agreement on Thursday to boost economic cooperation, trade and investment and Kabul said British firms were interested in its oil and gas sector....

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