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December 18, 2003 Thursday Shawwal 23, 1424 Exchange cos sell $50m to banks KARACHI, Dec 17: The rupee has so far lost 21 paisa to the dollar in the inter-bank market during this month on increased demand for quarter-end payments.... EC allows relief on super basmati ISLAMABAD, Dec 17: The European Commission (EC) has formally agreed to re-include super basmati in the abatement list following the demand of Pakistan’s rice exporters asking for re- consideration of the... Duty on bedlinen will have little impact: EPB KARACHI, Dec 17: Minister of State and Export Promotion Bureau Chairman Tariq Ikram on Tuesday said anti-dumping duty being imposed by the European Union from March 2004 on bedlinen imports from... WB suggests price caps for oil products KARACHI, Dec 17: The World Bank has suggested Pakistan to set price caps for petroleum products specially motor gasoline and diesel as an interim measure to ensure that maximum prices should... Phutti arrivals KARACHI, Dec 17: Arrivals of phutti recorded by the Pakistan Cotton Ginners’ Association (PCGA) up to December 15, stood at 7.482 million bales.... KSE 100-share index sheds 38.29 points KARACHI, Dec 17: After a higher opening, stocks on Wednesday again turned lower on late selling triggered by fears of law and order situation in the backdrop of MMA anti-government campaign... CBR to bring 0.3m under tax net ISLAMABAD, Dec 17: The government has decided to add 0.3 million potential taxpayers to the tax rolls during the current financial year.... Rising money supply fuels inflation KARACHI, Dec 17: Money supply grew by 8.06 per cent in the first five months of the current fiscal year against the full year target of 11.06 per cent. Sources close... Orascom to diversify investment in Pakistan ISLAMABAD, Dec 17: The chairman, Mobilink and Orascom Telecommunication, Naguib Sawaris in a meeting with Finance Minister, Shaukat Aziz here on Wednesday indicated that his company wanted to invest in real... Unilever to sell edible oil business KARACHI, Dec 17: Consumer goods giant Unilever said on Wednesday it planned to sell its edible oil business in Pakistan as part of its global strategy to focus on core brands.... Senate body on WTO meets today ISLAMABAD, Dec 17: The special committee of the senate on ‘challenges of WTO’ will hold a meeting of major stakeholders on Thursday to review the possible impact of WTO regime on... Prospects of US, Pakistan trade expansion bright SIALKOT, Dec 17: The political officer US counsel Lahore Ms. Deborah Grout has assured the Sialkot business community that the US will make strenuous efforts to enhance the mutual trade volume... Ginners liquidate long positions KARACHI, Dec 17: Cotton market on Wednesday remained under pressure as ginners continued to liquidate their long positions fearing fresh fall in prices followed by reports of import of the commodity... Dumping duty on match to hit NWFP industry PESHAWAR, Dec 17: Egypt’s decision to impose 29 per cent anti-dumping duty on import of match from Pakistan is likely to impact negatively on the NWFP match industry.... Karachi Port operations KARACHI, Dec 17: Seven ships carrying soyabean meal and vehicles are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Toyota MD KARACHI, Dec 17: Senior Managing Director Toyota Motor Corporation Yoshi Inaba on Wednesday visited Indus Motor Company (IMC) Pakistan after a period of 20 years.... Pakistan, Iran to boost trade relations KARACHI, Dec 17: Consul General of Iran Seyed Musa Hosseini said here on Wednesday that Iran and Pakistan already have deep relations both cultural and political and further efforts would be... Wheat output LONDON, Dec 17: Britain’s agriculture ministry on Wednesday cut almost 500,000 tons off its official output estimate for this year’s UK wheat crop after earlier this month admitting it had made...

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