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November 15, 2003 Saturday Ramazan 19, 1424 Sugarcane crushing to begin in 10-12 days: Boilers fired KARACHI, Nov 14: About a dozen sugar mills out of 28 operational mills in Sindh are reported to have fired their boilers on Friday, signalling the commencement of sugarcane crushing in... $135m export proceeds sold in advance KARACHI, Nov 14: Exporters sold $135 million export bills in advance during the first quarter (July-September) of this fiscal year. In the comparable period of the last fiscal year they had... SBP net profit sinks to Rs243 million KARACHI, Nov 14: The net profit of the State Bank of Pakistan witnessed a steep drop to Rs243 million in the year ended June 30, 2003, from net profit amounting to... Pakistan may seek relief on 400 items: FTA with Bangladesh ISLAMABAD, Nov 14: Pakistan is likely to seek concessions on more than 400 items from Bangladesh under the proposed free trade agreement (FTA).... ADB policy forums ISLAMABAD, Nov 14: The Asian Development Bank’s Pakistan Resident Mission in collaboration with the government and the Asian Development Bank Institute is initiating a series of high-level policy forums in Pakistan.... Trading volume two-year low on stock market KARACHI, Nov 14: Stocks on Friday turned in an improved performance followed by active short-covering by a section of investors on the energy and low-priced sectors but selling orders failed to... Sunflower minimum price fixed at Rs670 ISLAMABAD, Nov 14: All Pakistan Solvent Extractor Association (APSEA) has fixed the minimum price of sunflower as Rs670 per 40 kg in respect of 2003-04 crop, which is Rs40 more than... Aptma chief convenes emergency meeting LAHORE, Nov 14: In what is being seen as a clever move to pre-empt his critics seeking his resignation, Aptma chairman Waqar Monnoo has convened an (emergent) meeting of the Central... 0.5m tons wheat import planned KARACHI, Nov 14: Pakistan said on Friday it planned to buy about 500,000 tons of wheat through international tenders to stabilize rising domestic prices — its first wheat imports for nearly... S&P ratings to three investment bonds SINGAPORE, Nov 14: Standard & Poor’s Ratings Services on Friday assigned its ‘BB-’ long-term local currency debt rating to three Pakistan Investment Bonds totalling Rs28 billion ($479 million) that were issued... US economy slows WASHINGTON, Nov 14: A mixed batch of data on Friday suggested the US economy was slowing from its torrid third-quarter pace, but analysts said the recovery still appeared on track for... 12 African countries seek new WTO talks CAIRO, Nov 14: Twelve African countries meeting in Cairo said on Friday that they want to restart WTO multilateral trade talks following the failure of September’s conference in Cancun.... Dollar resists weak US data, euro rises LONDON, Nov 14: The dollar confounded analysts on Friday by shrugging off weaker-than-expected US data on retail sales and industrial production, though the euro still posted one-day gains against the US... Lacklustre trading on cotton market KARACHI, Nov 14: Cotton market on Friday passed through another dull trading session as sellers were not inclined to liquidate their long positions at the falling prices.... Karachi Port operations KARACHI, Nov 14: Four ships carrying containers and crude oil are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... China keen to invest in textile KARACHI, Nov 14: China has shown interest to invest in the engineering, textile and leather industry of Pakistan.... Pakistan, China form economic forum ISLAMABAD, Nov 14: The Pakistan China Economic Forum (PCEF) with its headquarter in Islamabad and sub-offices in other parts of Pakistan and China has been formed to help enhance economic cooperation... Dhaka moot KARACHI, Nov 14: Pakistani businessmen have been invited to international business conference on global economic governance and challenges of multilateralism, to be held in Dhaka from January 17 to 18, 2004....

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