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| November 12, 2003 | Wednesday | Ramazan 16, 1424 |
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Three banks appointed to float Eurobonds
ISLAMABAD, Nov 11: The government on Tuesday appointed JP Morgan and Deutsche Bank to act as lead mangers and ABN Amro as co-lead manager to issue Pakistan’s sovereign bonds amounting to... 
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Cotton, yarn overtaking textile product exports
KARACHI, Nov 11: Cotton export has grown phenomenally in October along with increase in yarn export. A declining trend has now set in for export of value-added textile products during October...
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Car supply in Lahore exceeds demand
LAHORE, Nov 11: Supply of cars in the market, at least in the provincial metropolis, is stated to have surpassed demand due to what assemblers call over 60 per cent increase...
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Saarc states to liberalize trade in two phases
ISLAMABAD, Nov 11: The Saarc-member countries have agreed to scale down the tariffs between five to zero per cent in two phases under South Asia Free Trade Area (Safta) treaty to...
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KSE index crosses 3,800-point barrier
KARACHI, Nov 11: Stocks on Tuesday responded bullishly to the State Bank amendment to the Prudential Regulations, allowing banks and DFIs to comply with their exposure limits in shares within the...
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Oil prices decline
LONDON, Nov 11: Oil prices fell slightly in quiet trading on Tuesday as concern about a suicide bombing in Saudi Arabia continued to ebb away and traders focused on other matters....
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Steel tariffs row Japan may slap duties on US products
TOKYO, Nov 11: Japan warned on Tuesday it could take retaliatory measures against US products if Washington fails to terminate its “safeguard” tariffs judged by the WTO to be violating global...
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Fish exports rise by 35pc in July-Oct
KARACHI, Nov 11: The 35 per cent rise in fish and preparations exports during July-October 2003 followed by 28 per cent increase in October 2003 alone shows the confidence of foreign...
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Customs duty share falls to 15pc
ISLAMABAD, Nov 11: ISLAMABAD, Nov 11: The reduction in import duties to 25 per cent in 2002-03 from 125 per cent in 1990-91 has resulted in massive reduction in the share of customs duties in the total federal revenue collection.
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ABL recovers Rs6.2 billion
KARACHI, Nov 11: The Allied Bank Ltd (ABL) has made an impressive recovery of Rs6.2 billion in the classified portfolio including cash recovery of Rs2.8 billion during first three quarters ending...
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Trade team
LAHORE, Nov 11: A trade delegation led by chairman, FPCCI standing committee on fairs, Muhammad Amin Khatri, crossed into India via Wagah border on Tuesday to participate in the India international...
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Machinery imports up by 17.6pc
ISLAMABAD, Nov 11: Imports of machinery recorded 17.66 per cent increase to $1015.77 million during the first four months of 2003-04 over the corresponding period of previous year....
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Prices remain firm on cotton market
KARACHI, Nov 11: Cotton market on Tuesday maintained firm trend as spinners remained willing buyers at the overnight average rate of Rs3,350 or slightly above it depending on the quality of...
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Agriculture research
ISLAMABAD, Nov 11: An amount of Rs807.033 million is being spent on development of agriculture research sector during current financial year....
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CBR amends income tax rules
ISLAMABAD, Nov 11: The Central Board of Revenue (CBR) has notified further amendments in the income tax rules for granting tax exemption to non-profit organizations....
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Asean auto sector boom tied to FTA execution
BANGKOK, Nov 11: Southeast Asia is set to become the world’s fifth largest automobile market by 2005 but success hinges on implementation of the delayed Asean Free Trade Area (AFTA), an...
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EOBI earns Rs3.1bn in July-Sept
KARACHI, Nov 11: Employees Old-age Benefits Institution (EOBI) has earned Rs3,144.919 million in first three months (July- Sept) of current fiscal and made total investment of Rs71,446.794 million in various portfolios....
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Karachi Port operations
KARACHI, Nov 11: Seven ships carrying containers, DAP fertilizer and general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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