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November 18, 2003 Tuesday Ramazan 22, 1424 Govt may impose export duty on yarn: Quota also under study KARACHI, Nov 17: Mounting complaints of the domestic value-added sector on scarcity and rising prices of yarn because of increase in its export volume may force the government to have a... Big fall in remittances from US, UAE, Kuwait: July-October 2003 KARACHI, Nov 17: Workers’ remittances from the United Arab Emirates fell 44.25 per cent to $194 million in July-October this year from $348 million in July-October last year. Similarly, remittances from... Kinno exporters forecast 20pc more earnings KARACHI, Nov 17: Exporters forecast 15-20 per cent more earnings from kinno exports this fiscal despite the fact that the issue of over-valuation of kinno by Indonesia has so far remained... Oil prices decline LONDON, Nov 17: Oil prices nudged downwards on Monday as dealers took some profits following strong gains the previous week on the back of worries about Iraq and terrorism.... Index crosses 3,900-point psychological barrier KARACHI, Nov 17: Stocks on Monday showed widespread gains followed by strong selective institutional buying, lifting the KSE 100-share index above the barrier of 3,900 points, but leading sellers adhered to... Green shoe option for OGDCL to be exercised ISLAMABAD, Nov 17: The Cabinet Committee on Privatization (CCoP) in its meeting held here on Monday decided to exercise the green shoe option in full in case of OGDCL’s initial public... ATT value moves up by 58pc ISLAMABAD, Nov 17: The value of Afghan Transit Trade (ATT) has increased by more than 58 per cent during the first four months (July-October) of the current financial year over the... EU to levy dumping duty on bedlinen ISLAMABAD, Nov 17: The European Union has informed Pakistan that it is going to impose anti-dumping duty on imports of bedlinen from Pakistan, which the EU believed was causing harm to... Microfinance banks to get credit rated KARACHI, Nov 17: The State Bank has issued a new prudential regulation for microfinance banks. Under this regulation PR 29 microfinance banks are required to get themselves credit rated by any... TCP to refloat sugar tender KARACHI, Nov 17: The Trading Corporation of Pakistan has decided to float a fresh tender for purchase of 84,000 tons of sugar on November 20.... FTA talks with Bangladesh fail to make headway DHAKA, Nov 17: Dhaka showed a go-slow attitude towards Islamabad’s offer to make a quick deal by signing and implementing a bilateral free trade agreement (FTA) though the two sides agreed... KCCI backs new criterion for NFC award KARACHI, Nov 17: The business and investing community of the city extend full support to the Sindh proposed new criterion for the resource distribution under the National Finance Commission (NFC) Award,... Americas FTA talks under way MIAMI, Nov 17: Trade officials from 34 nations in the Americas are negotiating details of the world’s largest free trade bloc, a proposal that will likely determine whether local supermarkets sell... Lint spot prices up by Rs125 KARACHI, Nov 17: Cotton prices on Monday resumed their upward thrust followed by reports of some rethinking on the size of the crop based on private survey. Spot rates were again... Karachi Port operations KARACHI, Nov 17: Five vessels carrying containers and general cargo are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, Nov 17: Four ships carrying chemicals, iron ore and high speed diesel arrived at the outer anchorage during the last 24 hours, said a PQA press release on Monday.... Bosicor products KARACHI, Nov 17: Bosicor Pakistan Limited, the fifth oil refinery of the country, has commenced deliveries of its petroleum products to Pakistan State Oil (PSO).... PTCL KARACHI, Nov 17: Chairman Pakistan Telecommunication Company Limited (PTCL) Akhtar Ahmed Bajwa has said that the cut in tariffs would result in an expansion of the customer base and increased usage....

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