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| November 5, 2003 | Wednesday | Ramazan 9, 1424 |
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PM directs TCP to buy 0.2m tons of sugar
ISLAMABAD, Nov 4: Prime Minister Mir Zafarullah Khan Jamali has directed the Trading Corporation of Pakistan (TCP) to purchase 200,000 tons of sugar from the mills through tenders for buffer stock.... 
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Fund managers to invest $3.2bn forex reserves
KARACHI, Nov 4: The State Bank of Pakistan will place $3.2 billion out of over $11 billion foreign exchange reserves at the disposal of international fund managers for productive investment from...
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State Bank needs finance ministry support: Monetary policy
KARACHI, Nov 4: The SBP role as a catalyst to economic reforms is becoming increasingly important but economists say the ministry of finance must coordinate more closely with the central bank...
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SBP body to resolve disputes
KARACHI, Nov 4: The State Bank has reconstituted the committee it had set up in July to help the banks and the borrowers resolve their disputes....
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ICCI proposes quality control institution: Exportable goods
ISLAMABAD, Nov 4: Islamabad Chamber of Commerce and Industry (ICCI) has recommended the establishment of a national quality control and standards institution in the public sector for proper certification of exportable...
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PC to review sell-off process on 10th
ISLAMABAD, Nov 4: The Privatization Commission Board will meet here on November 10 to review the process of privatization and to specially discuss the early disinvestment of Karachi Electric Supply Corporation,...
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Oil prices dip
LONDON, Nov 4: Oil prices continued their slide on Tuesday after a period of unusually warm weather enveloped the United States, reducing expected demand for heating fuel....
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20 more cos join NCSS
ISLAMABAD, Nov 4: Twenty more listed companies have announced their decision to join the National Clearing and Settlement System (NCSS) from Wednesday (Nov 5)....
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Pakistan to cut duties on Chinese goods
ISLAMABAD, Nov 4: Pakistan has agreed to reduce customs duty on all items by an average 27 per cent except few sensitive items under preferential tariff arrangement (PTA) signed with China...
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Thatta Cement bidding
ISLAMABAD, Nov 4: The second round of open bidding for Thatta Cement Company Limited among the parties who have not withdrawn their earnest money will be held here on Wednesday at...
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SBP report pushes index higher by 74 points
KARACHI, Nov 4: Stocks on Tuesday staged a broad recovery boosted apparently by positive economic indicators as projected by the central bank but analysts said it were the lower carryover rates,...
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Cotton market stays firmer
KARACHI, Nov 4: Cotton market on Tuesday maintained a status quo as higher arrivals of phutti into the ginneries for the second fortnight in a row and both ginners and spinners...
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NTC delays duty cut decision: Alkyd industry
ISLAMABAD, Nov 4: The National Tariff Commission (NTC) during its public hearing here on Tuesday deferred a decision on the industry producing alkyd resin and allied chemicals for reduction in duty...
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Karachi Port operations
KARACHI, Nov 4: Five ships carrying soyabean meal, containers and general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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NFA, CFTC offer to train regulators
ISLAMABAD, Nov 4: The representatives of National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) of USA have assured Pakistan of their assistance in training commodities regulators and regulating cross-border...
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Sales fall
DETROIT Nov 4: The world’s two largest automakers said their US sales declined more than predicted last month as a late summer sales frenzy caused more of an industry backlash than...
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ADB loan
MANILA, Nov 4: China will receive $4.5 billion in loans from the Asian Development Bank (ADB) in the next three years largely to develop poorer inland regions, the Philippines-based lender said...
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Yukos gets new chief
MOSCOW, Nov 4: Russia’s largest oil producer Yukos on Tuesday chose as its new chief executive a Russian-born American, who insisted the embattled firm would survive the arrest and jailing of...
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