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November 1, 2003 Saturday Ramazan 5, 1424 Customs duty on two PSF items reduced ISLAMABAD, Oct 31: Pakistan on Friday reduced customs duty on two polyester staple fibre (PSF) items from 20 to 15 per cent to meet a European Union condition to provide greater... PCSI to review standardization ordinance today MULTAN, Oct 31: The board of directors of the Pakistan Cotton Standard Institute will deliberate upon the report of its special sub-committee, which was formed to finalize recommendations for the implementation... Private banks maintain growth: Pacra LAHORE, Oct 31: The major challenge faced by the banking sector is efficient deployment of funds into earning assets in an “increasingly competitive environment and less than robust growth in credit... 25 petroleum concession accords signed ISLAMABAD, Oct 31: The National Assembly was told on Friday that 16 companies have signed 25 petroleum concession agreements during July 2000 to July 2003.... Rs134.2bn collected in four months ISLAMABAD, Oct 31: The Central Board of Revenue collected a total amount of Rs134.2 billion during the first four months of current financial year which was on a par with the... Gold higher in Europe LONDON, Oct 31: Gold rallied higher in Europe on Friday, bolstered by the dollar losing ground against the euro, which makes the dollar-denominated safe haven asset a better buy for holders... Ministers, counsellors appointment recommended: Missions abroad ISLAMABAD, Oct 31: The Central Board of Revenue has recommended to the government for appointment of customs counsellors and ministers in Pakistani missions abroad to curb the menace of tax frauds,... Oil prices rebound on fund buying LONDON, Oct 31: IPE Brent crude oil futures rebounded in technical short-covering on Friday after testing new one-month lows on the back of US fuel stock builds, but traders said the... EU for giving WTO chief more powers BRUSSELS, Oct 31: The European Commission, disappointed after global trade talks collapsed, has suggested giving the head of the World Trade Organization (WTO) more powers to improve how the WTO works,... Trading volume falls to record low of 83m shares KARACHI, Oct 31: Stocks on Friday ran into deeper recession as both leading buyers and sellers maintained a status quo and did not indulge in hasty selling or buying apparently in... Inter-regional bank BEIJING, Oct 31: Financial institutions from China, Japan and South Korea are mulling plans to set up an inter-regional commercial bank meant to strengthen the financing of development projects in northeast... Monetary policy TOKYO, Oct 31: The Bank of Japan (BoJ) on Friday said its policy board had decided by unanimous vote to leave monetary policy unchanged at the end of a regular one-day... EU asks China to open up market BEIJING Oct 31: The European Union’s top trade official urged Beijing on Friday to meet its commitments to open markets, cautioning against letting Europe’s surging trade deficit with China grow into... Dollar mixed LONDON, Oct 31: The dollar turned in a mixed performance against other leading currencies on Friday, a day after rallying on sizzling US economic growth figures and restrained comments from US... Lint prices steady amid active demand KARACHI, Oct 31: Cotton prices on Friday remained stable around the previous levels as ginners did not further raise their asking prices despite steady mill demand.... Women chamber after Eid KARACHI, Oct 31: Pakistan Association of Women Enterprises president Begum Salma Ahmed has said the newly-formed Women’s Chamber of Commerce and Industry (WCCI) will start functioning after Eid-ul-Fitr.... Karachi Port operations KARACHI, Oct 31: Three ships carrying containers, general cargo and steel coils are due to arrive at the outer anchorage on Saturday, according to KPT sources.... Zarai Bank loans SUKKUR, Oct 31: The Chairman Zarai Taraqayyati Bank Limited, Istaqbal Mehdi has said that fresh monetary injection from ADB has given new lease of life to the bank, and because of... Russian stocks recover MOSCOW, Oct 31: Russian share prices staged a hesitant recovery on Friday as investors returned gingerly to the market after a dramatic collapse provoked by the freezing of a major stake... Jobless rate TOKYO, Oct 31: Japan’s unemployment rate in September was unchanged from August at 5.1 per cent despite recent signs of a gradual export-led economic recovery, the government said on Friday....

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