| 16 April 2004 | Friday | 25 Safar 1425 |
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Phasing out of COT by year-end: Bourses endorse plan
ISLAMABAD, April 15: Chairmen of the three stock exchanges of Pakistan endorsed here on Thursday the decision of the Securities and Exchange Commission of Pakistan (SEC) to phase out the Carryover-Transactions (COT) by the end of this year. ... 
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Private sector asked to play its role
ISLAMABAD, April 15: The Minister for Finance, Shaukat Aziz, on Thursday urged the private sector to avail itself of the prevalent conducive environment and participate in the future economic progress of the country. ...
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Prospects bright for sugar export to India
KARACHI, April 15: The reports about shortage of sugar in India have created a bright opportunity for Pakistan to export its surplus sugar to the neighbouring country, industry sources said here on Thursday. ...
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SBP move to keep $ from rising
KARACHI, April 15: The State Bank sold more than $15 million in the inter-bank market to ensure that the US dollar does not rise beyond a certain limit on increasing demand. ...
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Expats send back home $2.84bn in 9 months
KARACHI, April 15: The inflow of workers remittances or money sent back home by overseas Pakistanis in March this year fell to around $330 million from $356 million in March 2003. ...
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US seeks early implementation of IPR laws
ISLAMABAD, April 15: The United States Trade Representative's (USTR) annual report has appreciated progressive trade liberalization in Pakistan ...
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Working group for private sector
KARACHI, April 15: The United Nations Development Programme and the Federation of Pakistan Chambers of Commerce and Industry will collaborate to form a working group to prepare the private sector to meet the challenges of free trade regime. ...
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Placement of accounts on website allowed
ISLAMABAD, April 15: Securities and Exchange Commission of Pakistan has allowed listed companies, subject to its prior approval and fulfilment of certain conditions, to place their quarterly accounts on their websites, says an announcement. ...
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Abolition of ST on sugar sought
KARACHI, April 15: The first meeting of the FPCCI standing committee on sugar and allied industries, which was held on April 14, called for the abolition of sales tax on sugar, which was the only food item on which sales tax had been levied. ...
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Rs49.739bn refunded in July-March
ISLAMABAD, April 15: The tax authorities have paid out Rs49.739 billion refund/rebate to exporters during the July-March period of the current financial year against Rs49.895 billion it paid the same period last year, showing a decline of 0.31 per cent. ...
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Cotton market resists fall in prices
KARACHI, April 15: Cotton prices on Thursday resisted fresh decline as ginners stayed on the sidelines followed by reports of a sharp rebound staged by the New York cotton futures. ...
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KSE 100-share index crosses 5,500-point barrier
KARACHI, April 15: The KSE 100-share index on Thursday broke the barrier of 5,500 points as leading base shares came in for fresh strong support and tended further higher under the lead of PTCL and OGDC. ...
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