| 15 July 2004 | Thursday | 26 Jamadi-ul-Awwal 1425 |
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HBFC raises investment ceiling to Rs7.5m
KARACHI, July 14: The House Building Finance Corporation is providing the cheapest housing finance against all those who are presently offering the same finance on floating rates that are linked with T-bills and PIBs. ... 
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SBP tightens rules for banks, DFIs: Investment classification
KARACHI, July 14: The State Bank has issued guidelines on classification of their investment portfolio making it difficult for banks and development finance institutions or DFIs to avoid showing losses booked on their investments. ...
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Rupee falls against dollar
KARACHI, July 14: The rupee fell on Wednesday after a two-day rise as local banks stepped up dollar purchases to fund corporate payments for imports, dealers said. The dollar closed at Rs58.22, up from Rs58.19 on Tuesday. ...
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Leather exports show 4pc growth
KARACHI, July 14: The export of leather and leather products has registered a four per cent growth at $723 million surpassing the target of $715 million during the last fiscal year. ...
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Import bill rises by 26.6pc in 2003-04
ISLAMABAD, July 14: Growth in the imports of six major groups raised the import bill by 26.6 per cent to $15.472 billion during the financial year 2003-04 from $12.2 billion in the previous year. ...
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G90 asked to strive for special treatment: Global trading system
ISLAMABAD, July 14: Pakistan has urged G90 countries to insist on special and differential treatment through lower tariff reduction and longer implementation periods to get maximum advantage from the free trade under multilateral trading system. ...
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EC proposes new steps for rice regime
ISLAMABAD, July 14: The European Commission (EC) has proposed new measures for Pakistani rice regime following the exclusion of super basmati from abatement scheme. ...
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KCCI wants some budget decisions rectified
KARACHI, July 14: The Karachi Chamber of Commerce and Industry (KCCI) has prepared a post-budget memorandum 2004-05, suggesting the government to reconsider and rectify some of its decisions taken in the budget with reference to sales tax ...
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54th Safa assembly in Nepal on 17-19th
KARACHI, July 14: Accountants will possibly be interested to see what comes out of the 54th assembly of the South Asian Federation of Accountants (Safa) that is scheduled to be held in Katmandu, Nepal on July 17-19. ...
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Decision on PTCL sell-off soon
LAHORE, July 14: Federal Minister for Privatization and Investment Dr. Abdul Hafeez on Wednesday said that the decision on the privatization of Pakistan Telecommunication Company Limited (PTCL) would be made very soon. ...
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Businessmen want say in talks with India: Trade cooperation
KARACHI, July 14: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Riaz Ahmed Tata has urged the government to actively involve the representatives of national business organizations of India and Pakistan ...
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Policy for SME uplift being prepared
KARACHI, July 14: The Small and Medium Size Enterprises Development Authority (Smeda) is preparing a policy document for the development of small and medium enterprises. It will be enforced from March 2005. ...
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Mills, spinners begin covering operations
KARACHI, July 14: Trading activity on the cotton market on Wednesday showed a modest improvement as some of the mills and spinners resumed their covering operations at the lower levels. ...
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Late selling restricts upward drive on KSE
KARACHI, July 14: Stocks on Wednesday recovered from the previous lows under the lead of some pivotals, but late selling at the higher levels pushed them lower to finish with clipped gains. ...
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