| 24 February 2004 | Tuesday | 03 Muharram 1425 |
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PIA shares offering next month: Balloting for SSGC held
KARACHI, Feb 23: Shares in Pakistan International Airlines (PIA) will be offered next month, while the Pakistan Petroleum Limited (PPL) would make the Initial Public Offering (IPO) for public subscription, hopefully, in April. ... 
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Banks reduce investment in securities
KARACHI, Feb 23: As the banks start meeting rising demand for private sector credit they are reducing investment in government securities. This mainly indicates a change for the better in the banking culture ...
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Govt plans to import quality cottonseed
KARACHI, Feb 23: Food, Agriculture and Livestock Minister Sardar Yar Muhammad Rind on Monday said the government planned to import quality and long staple cottonseed to increase cotton production ...
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Tariff reforms still need improvement: WB
KARACHI, Feb 23: The World Bank wants further improvement in Pakistan's tariff reforms and has proposed reduction in tariff peaks, removal of what is being called discriminatory excise and taxation and to keep on the elimination of SROs. ...
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Pakistan rejects Australian wheat
KARACHI, Feb 23: Pakistan has rejected two cargoes of Australian wheat totalling around 80,000 tons as it was contaminated by the Karnal bunt fungus, the agriculture minister said on Monday. ...
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SBP sucks in Rs22bn
KARACHI, Feb 23: The State Bank on Monday mopped up Rs22 billion from a fairly liquid inter-bank money market through treasury bills repo at an open market operation. ...
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Plan under way to legalize dead assets title
ISLAMABAD, Feb 23: Pakistan is expected to hire the services of Hernando De Soto, a Peruvian economist, to legalize the titles of estimated $9.3 trillion worth of dead assets of land ...
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Lucky Cement quota may be enhanced
KARACHI: Feb 23: A meeting of the All Pakistan Cement Manufacturers' Association (APCMA) is scheduled to be held on Tuesday, when the concrete producers would decide whether they would allow a higher quota to Lucky Cement Company Limited. ...
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Pakistan may go for hedging: Eurobond
KARACHI, Feb 23: Pakistan may swap the fixed rate liabilities on its recent eurobond into floating rates and add an option to the swap to hedge against a future rise in US interest rates, said State Bank of Pakistan Governor Ishrat Husain. ...
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Buy-back price deals
KARACHI, Feb 23: The Karachi Stock Exchange brokered the prices in four companies that offered to buy-back small shareholders' stake and seek de-listing from the exchange. ...
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Higher crop figure keeps prices down
KARACHI, Feb 23: Cotton prices on Monday eased further as both spinners and mills adhered to the sideline encouraged apparently by the official report of higher crop figure of 10 million bales. ...
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Stocks plunge on dismal results
KARACHI, Feb 23: The KSE 100-share index on Monday plunged by 112 points or 2.31 per cent on late selling prompted by reports of below analysts' predictions corporate announcements by some of the leading companies ...
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