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| November 7, 2003 | Friday | Ramazan 11, 1424 |
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Package to offset cotton price hike by next week
ISLAMABAD, Nov 6: Commerce Minister Humayun Akhtar Khan said on Thursday the government was considering a package to offset the impact of sudden rise in cotton prices.... 
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Eurobonds:4 foreign banks shortlisted
ISLAMABAD, Nov 6: The government has shortlisted four international banks and investment companies, out of total of 12, to float $500 million worth of Eurobonds on behalf of Pakistan....
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Exports rise by 14.2pc in July-Oct
ISLAMABAD, Nov 6: Pakistan’s exports rose to $3,974.20 million during the period July-October 2003, up 14.20 per cent from the same period last year....
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SBP injects Rs7.35bn into banking system
KARACHI, Nov 6: The State Bank on Thursday injected Rs7.35 billion into the inter-bank market through reverse repos of treasury bills. The SBP conducted an open market operation to pump in...
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BoE hikes interest rates
LONDON, Nov 6: The Bank of England raised interest rates for the first time in almost four years on Thursday, becoming the first of the world’s four biggest central banks to...
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Accession to Bangkok agreement shortly
ISLAMABAD, Nov 6: Commerce Minister Humayun Akhtar Khan said on Thursday Pakistan would soon get accession to Bangkok agreement (BA), which provided the framework for preferential trade among member countries of...
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Clarification
ISLAMABAD, Nov 6: The successful bidder for 90 per cent shares of Thatta Cement Company Limited (TCCL) would be required to deposit 50 per cent of the bid value within seven...
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Five banks offer only Rs200m farm loans: 5 others stay away
KARACHI, Nov 6: Despite government persuasion and State Bank of Pakistan’s constant advice, 10 private commercial banks out of total 13 banks are either staying away or show only token involvement...
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High duties hit Indian IT hardware industry
BANGALORE, Nov 6: India’s aspiration to become an information technology hardware destination is being thwarted by high duties and a WTO deadline which will bring down import duty on raw materials...
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Cotton market rules firm
KARACHI, Nov 6: The cotton market on Thursday maintained a firm outlook as ginners were not inclined to sell their stock below an average rate of Rs3,400 per maund without 15...
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US new jobless claims hit 3-year low
WASHINGTON, Nov 6: New American jobless numbers plummeted to a near three-year low last week, data showed on Thursday, as the speeding economy finally began to produce longed-for employment....
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Karachi Port operations
KARACHI, Nov 6: Six ships carrying soyabean meal, DAP fertilizer and steel cargo are due to arrive at the outer anchorage on Friday, according to KPT sources....
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Excess amount for NBP IPO refunded
ISLAMABAD, Nov 6: The amount received in excess of Rs604 million for the third public offer of 13.13 million shares of National Bank of Pakistan has been refunded to the applicants,...
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Pakistan asked to meet port security demand: International trade
KARACHI, Nov 6: UNCTAD International Logistics Consultant, Douglas Cruickshank, who is visiting Pakistan to assess the security requirement affecting its exports, particularly to the US and Europe, has said the International...
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Bank loans up by Rs69.6bn in April-June: Arbitrage against NSS
KARACHI, Nov 6: Flooded with excess liquidity, all banks made fresh loans of Rs69.6 billion in April-June this year but failed to keep this fast-paced lending in the September quarter. Total...
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KSE index suffers fresh fall of 23.37 points
KARACHI, Nov 6: Stocks on Thursday suffered fresh decline as investors took profit at the available margins in the absence of strong support from the institutional traders and fresh positive announcements...
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