| 22 April 2004 | Thursday | 01 Rabi-ul-Awwal 1425 |
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Food prices move up to 4.6pc in nine months
ISLAMABAD, April 21: Higher-than-expected wheat and rice produce owing to 29 per cent increased water availability and extraordinary industrial production has improved GDP growth forecast from 5.3 per cent to 5.8 for the current fiscal year. ... 
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'State Oil not a strategic entity'
KARACHI, April 21: Pakistan State Oil chief executive Tariq Kirmani declared on Wednesday that his company was not a strategic organization and it should be treated like any other public sector commercial entity for privatization. ...
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Hopes for rupee strength fading
KARACHI, April 21: Foreign currency deposits of all the banks operating in Pakistan have grown by about 12 per cent in nine months of this fiscal year as hopes for rupee strength start fading. ...
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More incentives offered to investors
KARACHI, April 21: Minister for Industries and Production Liaquat Ali Jatoi on Wednesday said that after achieving macroeconomic stability the country was now poised to become business hub of the region. ...
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Banks may cut lending rate to 2 per cent
ISLAMABAD, April 21: The government has decided to help reduce the cost of doing business in Pakistan, and, as a first step, banks were being asked to offer loans to "credible investors" at an average interest rate of up to 2 per cent. ...
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32 parties interested in Faletti's Hotel
ISLAMABAD, April 21: In response to a fresh invitation, the Privatization Commission has received 16 more expressions of interest (EoIs) for the sale of Faletti's Hotel, Lahore, on 'as is where is' basis. ...
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Shaukat in US to attend IMF meetings
WASHINGTON, April 21: Finance Minister Shaukat Aziz has arrived in Washington to attend the annual spring meetings of the International Monetary Fund. During his stay in the US capital, Mr Aziz will also meet senior officials of the Bush administration ...
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Joint group to study FTA with Singapore
ISLAMABAD, April 21: Commerce Minister Humayun Akhtar Khan has proposed setting up of a Joint Study Group (JSG) of Pakistan and Singapore to discuss and recommend the parameters of free trade agreement (FTA) between the two countries. ...
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Private buyers have an edge: Wheat procurement
LAHORE, April 21: The government's decision to bear freight charges for wheat procured and ban on inter-district movement of wheat has confirmed reports that Punjab's wheat procurement drive was facing a tough and unequal challenge from private buyers. ...
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FPCCI seeks removal of trade barriers
KARACHI, April 21: The Federation of Pakistan Chambers of Commerce and Industry has urged upon the government to provide minimum protection of 10 per cent in customs duty ...
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Firm trend on cotton market
KARACHI, April 21: Cotton market on Wednesday again showed a firm trend as spinners made fresh selective covering purchases in an effort not to allow further increase in prices. ...
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Stocks plunge by 159 points amid panic-selling
KARACHI, April 21: Stocks on Wednesday plunged by about three percent or 159 points amid panic selling in Hub-Power triggered by rumours of technical fault in some of its generators and partial suspension of operations. ...
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