| 30 April 2004 | Friday | 09 Rabi-ul-Awwal 1425 |
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Disclosure rule being flouted by companies: Material information
KARACHI, April 29: While the corporate watchdog-The Securities and Exchange Commission of Pakistan-appears to be taking a nap, the essential rule of "disclosure of material information" ... 
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Trade policy to focus on quality, standard
ISLAMABAD, April 29: Federal Commerce Minister, Humayun Akhtar Khan said on Thursday that the next trade policy of 2004-05 will focus on enhancement of quality and standard of goods to make them competitive in the international market. ...
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Average lending rate falls in March
KARACHI, April 29: Average lending rate fell to 4.69 per cent in March 2004 from 5.68 per cent in December 2003 showing a huge decline of about one percentage point within three months. ...
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Molasses price surges by $20 per ton
KARACHI, April 29: Sudden demand from the Indian distilleries surged molasses prices in the world market by over $20 per ton taking the produce to near all time high level at $50 to $55 per ton, exporters said on Thursday. ...
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CBR plans reference value database
ISLAMABAD, April 29: The Central Board of Revenue (CBR) is considering a proposal in consultation with the stakeholders to establish a comprehensive reference value database for maintaining uniformity in assessment of imported goods at all customs stations. ...
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Pakistan-BD chamber proposed
LAHORE, April 29: Bangladesh Federation of Chambers of Commerce and Industry President Abdul Awal Minto on Thursday stressed the need for a strong business alliance between the two countries. ...
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Taxation pact with S. Arabia signed
ISLAMABAD, April 29: Pakistan and Saudi Arabia on Thursday signed a draft agreement for the avoidance of double taxation in respect of income between the two countries. ...
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PTCL earns Rs19.53bn profit in nine months
ISLAMABAD, April 29: Pakistan Telecommunication Company Limited (PTCL) has earned net profit of Rs19.53bn in first three quarters of the current financial year. ...
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PICIC to give 12.5pc cash dividend
KARACHI, April 29: Pakistan Industrial Credit & Investment Corporation (PICIC) has decided to hand out 12.5 per cent cash dividend and 35 per cent right shares to its shareholders for the first quarter of 2004. ...
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Tool Factory to build textile machinery
KARACHI, April 29: Pakistan Machine Tool Factory (PMTF) was moving towards manufacturing of textile machinery in collaboration with China. Federal Minister for Industries and Production Liaquat Ali Jatoi said this while talking to media men during his visit to PMTF here on Thursday. ...
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Dullness prevails on cotton market
KARACHI, April 29: Cotton market on Thursday lacked normal trading interest as spinners withdrew to the sidelines anticipating decline in prices after more-than-limit fall in New York cotton futures on panic speculative unloadings. ...
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Bearish spell continues on stock market
KARACHI, April 29: Stocks on Thursday finished weak owing partly to heavy post-dividend profit-selling in some of the blue chips and partly to the absence of leading financial investors. ...
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