Border trade with China being regulated: Smuggling declines
KARACHI, March 18: Chinese Consul General in Karachi, Sun Chun Ye has said that the Pakistan and Chinese governments are forcefully regulating border trade, and there has been a marked decline in smuggling of goods across the border.
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Pakistan, Iran ready to launch gas pipeline
KARACHI, March 18: Minister for Petroleum and Natural Resources Ch. Nouraiz Shakoor Khan said on Thursday that Pakistan and Iran agreed to go ahead with gas pipeline project, and the option to extend it up to India would remain open.
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Car makers to meet demand next fiscal
KARACHI, March 18: Car assemblers have assured the government of matching demand with the production in the next fiscal year when they expect to bring out 135,000 units to meet almost the same demand.
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FDI falls by 39pc in July-February
KARACHI, March 18: Foreign direct investment into the country fell by $246 million or about 39 per cent in the first eight months of this fiscal year i.e. between July 2003-February 2004.
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Travel advisory, perception issue dominate meeting: US traders visit LCCI
LAHORE, March 18: Pakistan's perception among American and European investors dominated a meeting between the US and local businessmen on Thursday at the Lahore Chamber of Commerce & Industry.
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Pak Oman Investment to seek listing
KARACHI, March 18: Pak Oman Investment Company (Pvt) Limited plans to seek listing on Pakistani and Omani stock exchanges. A press release issued by the company on Thursday
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Banks reduce investment in stocks
KARACHI, March 18: Banks have reduced their investment in the stocks from Rs39.5 billion at end-January to Rs37.7 billion at end-February 2004. According to data released by the State Bank
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Tax rules for spun yarn supplier notified
ISLAMABAD, March 18: The Central Board of Revenue (CBR) has notified rules for manufacturer-cum-supplier of spun yarn for getting exemption from the levy of three per cent further tax on supply to non-registered persons.
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Auto parts makers urged to explore new markets
LAHORE, March 18: Export Promotion Bureau chairman Tariq Ikram has urged manufacturers and exporters of auto parts to explore new markets as well as consolidate their position in the existing ones.
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NTC hearing on 30th
ISLAMABAD, March 18: National Tariff Commission has decided to hold an enquiry into the issue of concessional customs duty imposed on the raw materials used by a local seamless pipes and tubes industry, according to official source.
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Cotton market stays firm
KARACHI, March 18: The cotton market on Thursday stayed firm as both spinners and mills remained active buyers at the current levels as they fell in line with their export parity levels.
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Index touches 5,000-point mark, but fails to sustain
KARACHI, March 18: Stocks on Thursday failed to sustain the early run-up as late profit-selling in some of the pivotals allowed the broader market to finish with clipped gains but the outlook appears to be optimistic.
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