Australian wheat yet to be examined
KARACHI, Feb 28: No wheat sample for laboratory test has been drawn as yet from the third ship that brought Australian wheat and is presently anchored in deep seas off Port Qasim. Passco, the official agency assigned to import and handle 150,000 tons of wheat
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Consumers of poultry items still shaky
KARACHI, Feb 28: There are indications of a mood swing amongst consumers towards chicken items but the city's daily consumption is yet to touch the pre bird-flu crisis level of 300,000-350,000 birds despite phenomenal drop in prices
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July-Feb revenue collection up 13.7pc
ISLAMABAD, Feb 28: The revenue collection registered a growth of 13.7 per cent to Rs308.9 billion during the July-February period of the current financial year, as against Rs271.7 billion during the same period last year.
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SBP working on deposit insurance scheme
KARACHI, Feb 28: With 80 per cent of banking taken over by the private sector, the State Bank is working on a scheme to provide risk insurance to depositors.
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Prospects for cotton business bleak: No standards exist
MULTAN, Feb 28: The future of Pakistani cotton does not seem to be very promising as there is practically no system of standardization and grading in the country to meet the challenges of impending new global and regional trade regimes.
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Only 10pc textile exporters ready for WTO regime
LAHORE, Feb 28: The chairman, Export Promotion Bureau, Minister of State, Tariq Ikram, has said that presently only 10 per cent top textile exporters were prepared for the World Trade Organization regime.
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UNIDO to help set up labs
ISLAMABAD, Feb 28: The European Union will help Pakistan through the United Nations Industrial Development Organization (UNIDO) in establishing scientific laboratories for maintaining the quality of her industrial products.
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Govt to settle PS liabilities
ISLAMABAD, Feb 28: Federal Minister for Industries and Production Liaquat Ali Jatoi has desired that Pakistan Steel should work for achieving a profit of up to Rs3 billion during the next fiscal.
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PCI to formulate social standards
LAHORE, Feb 28: The Pakistan Compliance Initiative, in collaboration with the government, corporate stakeholders, trade bodies and civil society, will formulate national standards for social compliance under the World Trade Organization in next 18 months.
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'Abolition of quota to hit textile products'
ISLAMABAD, Feb 28: The abolition of textile quota is likely to have a negative impact on Pakistan's textile products in short term unless the domestic pricing system is reformed.
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D-8 ready to initiate dialogue on PTA
ISLAMABAD, Feb 28: The leaders of the D-8, a group of eight developing Islamic nations, have agreed to initiate dialogue on signing a Preferential Trade Agreement (PTA)
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SPI moves up by 0.04 per cent
ISLAMABAD, Feb 28: Sensitive Price Indicator (SPI) increased by 0.04 per cent during the week ending Feb 26, over the previous week, according to weekly price review released by the Federal Bureau of Statistics here on Saturday.
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Sarhad Chamber, EAC sign MoU
ISLAMABAD, Feb 28: The Exports Advisory Cell of the Ministry of Industries & Production (EAC) signed a Memorandum of Understanding with the Sarhad Chamber of Commerce and Industry (SCCI) here on Saturday on a joint venture programme.
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Pakistan to sign four trade deals with Yemen
ISLAMABAD, Feb 28: Pakistan and Yemen will sign four agreements on Monday to enhance bilateral cooperation in various fields and increase the current flow of trade between the two countries.
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Pakistan offers incentives to Chinese firms
BEIJING, Feb 28: Representatives of some prominent Chinese companies from various sectors attended a business seminar held here on Saturday and showed keen interest in taking part in investment activities in Pakistan.
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Active trading on cotton market
KARACHI, Feb 28: Active trading was witnessed on the cotton market on Saturday as some of the spinners made fresh covering purchases to supplement their stock positions ahead of Ashura holidays.
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