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December 3, 2003 Wednesday Shawwal 8, 1424 Bumper rice crop may fetch $625 million KARACHI, Dec 2: A bumper rice crop at 4.9 million tons coupled with higher value-addition in exports has brightened the prospects of fetching record export earnings up to $625 million during... S&P revises Pakistan’s ratings to positive ISLAMABAD, Dec 2: Standard & Poor’s Ratings Agency on Tuesday improved Pakistan’s credit rating to positive from stable but warned that any backtracking on reforms or fiscal slippage could result in... Trade accords with Kazakhstan on cards ISLAMABAD, Dec 2: Pakistan and Kazakhstan on Tuesday agreed to sign five agreements on bilateral cooperation in the fields of investment, banking, airlinks, energy and culture during the next week visit... Prices of wheat, flour touch new heights KARACHI, Dec 2: Both the flour millers and government officials say that there is neither any shortage of wheat nor of flour but retail prices of wheat and flour in domestic... Meeting to discuss merger plan KARACHI, Dec 2: First Standard Investment Bank Limited has called an ordinary general meeting of members on Wednesday, which, if thought fit, would approve, adopt and agree to separate schemes of... Eurozone buyers ask for concession: Rising euro KARACHI, Dec 2: Exporters particularly those whose exports go to eurozone are in a fix. Many buyers of eurozone are insisting that they should quote export prices in US dollar and... Govt asked to lift ban on Indian wheat KARACHI, Dec 2: Despite a ban on wheat imports from India, wholesalers in Karachi have asked the government on Tuesday to reconsider its decision and lift the ban on the imports... Rs169.19bn collected in July-Nov ISLAMABAD, Dec 2: The tax authorities have claimed to have collected Rs169.196 billion during the July-November period of the current financial year against the target of Rs168.5 billion set for the... WTO upholds Indian complaint against EU GENEVA, Dec 2: The World Trade Organization has upheld a complaint by India against the European Union, ruling that favourable treatment granted to 12 developing countries fighting drug trafficking fell foul... Oil prices LONDON, Dec 2: Oil prices bounced back on Tuesday from the previous day’s falls as traders covered positions amid forecasts for cold weather in the United States and ahead of weekly... KSE 100-share index crosses 4,300-point barrier KARACHI, Dec 2: Stocks on Tuesday extended the overnight run-up aided by the Pakistan’s current political offensive to win peace with India but opinions are divided over the positive response from... NWFP misses PORs target for 1st quarter PESHAWAR, Dec 2: The NWFP government is lagging behind the provincial own receipts (PORs) target after recording a shortfall of about Rs120 million at the close of the first quarter of... Trading remains dull on cotton market KARACHI, Dec 2: Trading activity on the cotton market on Tuesday remained slow as ginners were not inclined to lower their asking prices amid rumours of pressure on supplies by early... Karachi Port operations KARACHI, Dec 2: Six ships carrying palm oil, soyabean meal and to load rice are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Port Qasim KARACHI, Dec 2: Two ships scheduled to load and offload containers and chemicals were allotted berths at QICT and EVT during the last 24 hours, said a PQA press release on... Rice prices rise on exporters’ demand KARACHI, Dec 2: Pakistan rice prices rose on demand from exporters, and dealers said the market would remain firm as supplies from farms were slow.... 2 bodies set up to improve business climate KARACHI, Dec 2: Sindh Governor Dr Ishratul Ebad has set up two committees namely “existing infrastructure committee” and “cost of doing business in Karachi.”... Directive to CBR ISLAMABAD, Dec 2: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar, has directed the Central Board of Revenue (CBR) to avoid compulsory registration of taxpayers without completing investigation against them.... Yukos hit with $5bn tax bill MOSCOW, Dec 2: Battered Yukos was hit again on Tuesday with accusations of avoiding a five-billion-dollar tax bill — perhaps the most damaging allegation to turn up against the Russian oil... Trade deficit NEW DELHI, Dec 2: India’s trade deficit doubled in October on surging imports as Asia’s third largest economy gathers pace and analysts expect a further widening in coming months when demand...

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