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December 2, 2003 Tuesday Shawwal 7, 1424 Pakistan, EU close to deal on bedlinen BRUSSELS, Dec 1: Pakistan and the European Union are nearing a compromise deal allowing Pakistani exporters of bedlinen to escape punitive EU anti-dumping sanctions, Pakistan’s Commerce Minister Humayun Akhtar told Dawn... KPT allocates Rs4.085bn for port uplift KARACHI, Dec 1: The Karachi Port Trust would spend Rs4,085 million on development projects at the port during the current fiscal year. The amount is 49 per cent (Rs1,340.6 million) more... Pakistan wants Iranian ban on fruits lifted ISLAMABAD, Dec 1: Pakistan will formally ask Iran to lift ban on import of fruits and wheat from Islamabad to bridge the gap in bilateral trade between the two countries.... Tomato, poultry, wheat and onion prices shoot up KARACHI, Dec 1: Phenomenal increase in prices of onion, wheat flour varieties, tomato and poultry products has shaken up monthly budget of the consumers in the last one month.... Oil prices fall LONDON, Dec 1: Oil prices gave up some ground on Monday as US traders came back to the market after the Thanksgiving break amid the presumption that this week’s meeting of... WB for making Ogra ‘powerful’ ISLAMABAD, Dec 1: The World Bank has criticized Pakistan for setting up a ‘toothless’ Oil and Gas Regulatory Authority (Ogra) that could not regulate the petroleum sector independently.... KESC KARACHI, Dec 1: For the financial year ended June 30, 2003, Karachi Electric Supply Corporation (KESC) posted a loss, which is hardly surprising. But the shareholders may take heart and be... Chinese co gets EU Afghan road contract KABUL, Dec 1: Chinese engineering firm China Railway Shisiju Group Corp has won a 26-million euro ($31 million) European Commission contract for the first phase of reconstruction of the main road... KSE index gains record 195 points Peace moves trigger heavy buying KARACHI, Dec 1: The KSE 100-share index on Monday recorded one of the largest single session gains of 194.78 points or about five per cent followed by heavy buying on all... No sign of US steel tariffs lifting: EC BRUSSELS, Dec 1: The European Commission said on Monday it had yet to be notified by the United States that Washington was lifting its controversial steel import tariffs, deemed illegal by... Cotton market maintains firm outlook KARACHI, Dec 1: Cotton market on Monday maintained steady trend as fears of a short crop kept spinners at their toes all the time and they remained active buyers around the... Sell-offs to bring efficiency, says PM ISLAMABAD, Dec 1: Prime Minister Mir Zafarullah Khan Jamali said Monday the privatization of state-owned entities would bring increased efficiency and productivity.... FDI to Bangladesh moves up DHAKA, Dec 1: The Board of Investment (BoI) of Bangladesh has claimed that the inflow of foreign direct investment (FDI) marked a 71 per cent rise in the first six months... China T-bills issue BEIJING, Dec 1: China will reduce the scope of its fiscal deficit spending next year and will issue some 110 billion yuan ($13.3bn) in special treasury bills, down from the 140... Aptma case deferred till 15th KARACHI, Dec 1: Justice Musheer Alam of the Sindh High Court on Monday directed all parties to controversy of chairmanship of All Pakistan Textile Mills Association to maintain status quo till... Workshop on Islamic investment KARACHI, Dec 1: The Bahrain Monetary Agency and HSBC Amanah Finance are organizing a workshop on “The Evolving of World of Islamic Investments.”... Karachi Port operations KARACHI, Dec 1: Seven ships carrying soyabean meal, containers and crude oil are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Port Qasim KARACHI, Dec 1: Two ships carrying containers and chemicals arrived at the outer anchorage during the last 24 hours, said a PQA press release on Monday.... BD trade delegation due soon KARACHI, Dec 1: High-level delegation of Bangladeshi businessmen will soon visit Pakistan to exploit trade potential.... Nepalese team KARACHI, Dec 1: A seven-member Nepalese delegation of tax officials on Monday visited the Large Taxpayers Unit (LTU)....

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