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November 4, 2003 Tuesday Ramazan 8, 1424 SBP sees no new investment: Five major industries KARACHI, Nov 3: The State Bank of Pakistan does not foresee any new investment in cement, sugar, thermal power generation, automobile and consumer electronics in near future because of the excess... IMF insists on further cut in NSS rates KARACHI, Nov 3: The IMF has asked Pakistan to link the rates of return on the National Saving Schemes (NSS) with the yields on Pakistan Investment Bonds (PIB) in such a... Pace of deletion in automobile unsatisfactory KARACHI, Nov 3: The State Bank of Pakistan has expressed doubts on capability of Pakistan’s automobile industry to indigenize completely the parts and accessories production in the next two years.... S&P to upgrade Pakistan rating ISLAMABAD, Nov 3: Credit rating agency Standard and Poor’s (S&P) has decided to upgrade Pakistan’s credit rating due to broad improvements in the economy.... Farm sector achieves 4.1 per cent growth KARACHI, Nov 3: Farming community has received compliment from the State Bank of Pakistan for putting in greater effort to get maximum benefit out of improved availability of water last Rabi.... Debate over impact of WTO pacts initiated KARACHI, Nov 3: The State Bank of Pakistan has initiated a public debate on the implications of various agreements of World Trade Organization (WTO) and in the 2002-03 Annual Report, released... Five groups submit EoIs for KESC sell-off ISLAMABAD, Nov 3: Five utility operators and financial investors have submitted expressions of interest (EoIs) to the Privatization Commission to purchase Karachi Electric Supply Corporation (KESC).... KSE makes 92pc rise in 2002-03 KARACHI, Nov 3: The State Bank of Pakistan has appreciated the performance of the local capital market and termed the year-end achievements “stunning”.... Stocks post modest gain of 12.53 points KARACHI, Nov 3: Trading volume on the Karachi Stock Exchange fell further on Monday as leading investors again kept to the sidelines allowing jobbers and day traders to keep the wheels... 3.6m tons wheat in stocks ISLAMABAD, Nov 3: The Wheat Disposal Committee was informed on Monday that the government has 3.6 million tons of wheat in its stocks.... Trading slows on cotton market KARACHI, Nov 3: Physical business on the cotton market on Monday shrank to a modest proportions as ginners and spinners were locked in a price war but the standoff continued till... More items excluded from ATT negative list ISLAMABAD, Nov 3: The government has decided to exclude vegetable ghee, cigars, shampoo, RT silk fibre, razor blade, capacitors and video cassette from the negative list under the Afghan Transit Trade... Balochistan industries revival plan QUETTA, Nov 3: The provincial government has set up three committees for identifying sick industrial units, resuming production at closed factories and increasing investment in Balochistan.... Iraq to apply to join WTO BAGHDAD, Nov 3: Iraq will shortly apply to join the World Trade Organisation, interim trade minister Ali Allawi said Monday.... Excise duty collection falls by 7pc ISLAMABAD, Nov 3: The tax authorities have yet to take concrete measures to arrest the decline in the revenue income under the head of central excise duty (CED) during the first... FTA talks with BD by middle of this month ISLAMABAD, Nov 3: A high-level Pakistani delegation is scheduled to leave for Bangladesh by the middle of this month to initiate dialogue on the proposed free trade agreement (FTA) between the... No sales tax on CCTV ads ISLAMABAD, Nov 3: The Central Board of Revenue (CBR) has clarified that sales tax will not be charged on advertisements released on closed circuit television (CCTV).... Global economic recovery VIENNA, Nov 3: The global economy is showing stronger signs of recovery, but overdependence on the United States is a major risk, the managing director of the International Monetary Fund, Horst... KASB KARACHI, Nov 3: Shabbir Hamza Khandwala has from Nov 1, 2003 assumed the office of chief executive, KASB Securities (Pvt), in place of Nadir Rahman who has resigned, says a press... Port Qasim KARACHI, Nov 3: Two ships carrying edible oil and iron ore were allotted berths at MPT and IOCB during the last 24 hours, said a PQA press release on Monday....

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