| 14 April 2004 | Wednesday | 23 Safar 1425 |
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Cement price jumps to $50 per ton
KARACHI, April 13: Export prices of cement have registered a phenomenal rise from $26-30 per ton at the start of financial year 2003, to $40-50 per ton, currently. In view of increasing prices and improved margins, cement companies are increasingly turning towards Afghanistan. ... 
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Capacity utilization moves up to 82pc
LAHORE, April 13: In spite of somewhat slack sales in the first two months of the third quarter of the current fiscal year, total capacity utilization of the cement sector went up to 82 per cent at the end of the quarter on March 31. ...
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Forex reserves take a dip
KARACHI, April 13: An increase in trade deficit coupled with a fall in home remittances and faster prepayments of external debt has started taking its toll on the pace of growth in foreign exchange reserves. ...
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ADB for open bidding to procure, sell wheat
KARACHI, April 13: The Asian Development Bank (ADB) wants the closure of all the provincial food departments and procurement and sales of strategic wheat reserve entirely on market rates by the PASSCO, a federal government agency. ...
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SME Bank to be privatized in next 3 years
ISLAMABAD, April 13: Finance Minister Shaukat Aziz on Tuesday told the Senate that the SME Bank was being restructured for privatization in the next three years. ...
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Kohinoor Oil bidding
ISLAMABAD, April 13: The open bidding for the privatization of Kohinoor Oil Mills Limited (KOML) through the sale of up to 60.5 per cent shares on "as is where is" basis will be held on May 4. ...
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Ogra holds hearing on grant of licence
ISLAMABAD, April 13: The Oil and Gas Regulatory Authority (Ogra) conducted a public hearing on Tuesday on a petition filed by Oil and Gas Development Company Limited (OGDCL) for the grant of licence to sell natural gas from Uch Gas Field to Uch Power Limited (UPL). ...
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Three car makers evade Rs517m in taxes
ISLAMABAD, April 13: Three Pakistani car makers allegedly evaded Rs517 million in taxes and customs duty in cases that are now at different stages of adjudication and litigation, Finance Minister Shaukat Aziz told the Senate on Tuesday. ...
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Export of primary commodities falls in nine months
ISLAMABAD, April 13: Exports of primary commodities stood at $737.59 million during the first nine months of 2003-04, down 1.41pc from the corresponding period of the last fiscal year. ...
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High prices dampen rice export
KARACHI, April 13: Pakistani rice exports were thin during the past week as existing orders were shipped but new demand was limited due to high domestic prices of Irri-6 variety of rice, traders said on Tuesday. ...
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Prices stay firm on cotton market
KARACHI, April 13: Cotton prices on Tuesday stayed firm around the previous levels but alarm bell rang among ginners after New York futures fell below the crucial level of 60 cents per lb. ...
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Stocks undergo mild technical correction
KARACHI, April 13: Stocks on Tuesday passed through a mild technical correction as a section of leading investors took profits at the inflated levels but the underlying sentiment remained uppishly inclined owing to active support at the decline. ...
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