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November 11, 2003 Tuesday Ramazan 15, 1424 PC Board okays bid for Thatta Cement ISLAMABAD, Nov 10: The Privatization Commission Board (PCB) on Monday recommended to the Cabinet Committee on Privatization (CCoP) to accept the highest bid of Rs10.85 per share for 90 per cent... Banks disburse Rs9.5 billion export loans KARACHI, Nov 10: Banks are offering enough export finances to the eligible exporters as the season for private sector credit offtake has set in. In just two weeks ending on October... Payment to cane growers, crushing to be monitored KARACHI, Nov 10: The Trading Corporation of Pakistan is understood to have worked out an effective monitoring system to ensure that before lifting sugar from stocks in the mills, the millers... Surplus urea export to Kabul ISLAMABAD, Nov 10: The government has constituted a committee to formulate proposals for export of surplus urea to Afghanistan.... Trading volume shrinks on stock market KARACHI, Nov 10: Trading volume on the Karachi Stock Exchange on Monday further shrank as investors remained busy with the public issue of Oil & Gas Development Company (OGDC) one of... Govt in a fix over sugar crisis ISLAMABAD, Nov 10: The government is again in a fix over the matter of ensuring clearance of sugar industry’s arrears to sugarcane growers and at the same time avoiding cartelization in... Millers reject sugar tender LAHORE, Nov 10: The Pakistan Sugar Mills Association (PSMA) has decided not to participate in what it termed ‘conditional’ tender floated by the Trade Corporation of Pakistan (TCP) for the purchase... US loses WTO appeal on steel tariff GENEVA, Nov 10: The World Trade Organisation’s highest court ruled on Monday that hefty US steel import duties violated global trade agreements, piling pressure on Washington to remove them.... Buying of shares SBP relaxes Prudential Regulations KARACHI, Nov 10: The State Bank of Pakistan (SBP) has relaxed newly-introduced Prudential Regulations, creating extra room for investment in the shares of public sector enterprises (PSEs) and autonomous bodies by... Rs11.3bn injected into banking system KARACHI, Nov 10: The State Bank on Monday injected Rs11.3 billion into the banking system through reverse repos of treasury bills at an open market operation.... Textile manufactures exports rise 15.64pc ISLAMABAD, Nov 10: Textile manufactures exports surged by 15.64 per cent to $2,602.92 million during the period July-October 2003, as compared to the corresponding period of previous year, according to provisional... Govt trying to reduce input cost: Humayun ISLAMABAD, Nov 10: To retain and increase market share in textiles after the lifting of the textile quotas in 2005, Pakistan has to ensure competitiveness through improved quality and low prices,... Cotton market resumes trading on firm note KARACHI, Nov 10: Trading on the cotton market on Monday resumed on a firm note as spinners were not inclined to take an overview of the developing situation on the supply... SECP changes companies rules ISLAMABAD, Nov 10: Securities and Exchange Commission of Pakistan (SECP) has notified further amendments in the Companies (General Provision and Forms) Rules, 1985, which, inter alia, accommodated the plea by the... State Bank renames its forex department KARACHI, Nov 10: The State Bank has renamed Exchange Policy Department of SBP Banking Services Corporation and the field offices at its various stations as Foreign Exchange Operations Department.... Port Qasim KARACHI, Nov 10: A container ship, Diela, was allotted berth at QICT during the last 24 hours, said a PQA press release on Monday.... Karachi Port operations KARACHI, Nov 10: Eight ships carrying containers, chemicals and to load naphtha are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Rating watch KARACHI, Nov 10: JCR-VIS Credit Rating Company has placed the entity and TFC ratings of Paramount Leasing Limited on rating watch.... Acquisition KARACHI, Nov 10: The Resource Group (TRG) has announced acquisition of a 40-per cent sake in Centratel LLC, a US provider of call centre and telephone answering services bases in Bend,... Oil prices steady after Saudi blast LONDON, Nov 10: Oil prices steadied on Monday as a rally prompted by a suicide bombing in Saudi Arabia which killed at least 17 people eventually ran out of steam....

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