| 22 July 2004 | Thursday | 04 Jamadi-us-Saani 1425 |
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Forex rules for private companies liberalized
ISLAMABAD, July 21: The federal government on Wednesday further liberalized the foreign exchange rules and regulations for the private sector companies incorporated in Pakistan on their current (non-capital) transactions. ... 
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Export finance rate to rise as TBs yield moves up
KARACHI, July 21: The export finance rate that went up from 3 to 3.5 per cent in June and remains unchanged this month may rise to 4 per cent next month after the latest increase in six-month treasury bills yield. ...
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Growers may not fetch Rs925 for cotton
MULTAN, July 21: Price depression at the New York futures has rung alarm bells for the cotton growers in Pakistan as the deals for October and December reflect that they may even find it difficult to fetch the minimum fixed price ...
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SBP to hike interest rates gradually: Monetary policy issued
KARACHI, July 21: The State Bank said on Wednesday it would go for a measured tightening of its monetary policy during July- December 2004 to contain inflation. ...
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Govt approves relaxation in inspection: Wheat import
ISLAMABAD, July 21: Pakistan on Wednesday approved major relaxations in tender and laboratory testing specifications for the import of one million tons of wheat for buffer stock ...
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FDI stands at $949.4m in 2003-04
ISLAMABAD, July 21: The foreign direct investment (FDI) inflow stood at $ 949.4 million, falling more than $50 million short of $1 billion target set for the fiscal year 2003- 04. ...
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Sindh may release wheat to mills
KARACHI, July 21: While Punjab bureaucracy continues to defy Prime Minister Ch Shujat's instructions to issue notification for lifting ban on inter-provincial wheat movement ...
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SBP warns bankers to the issue: Share applications
KARACHI, July 21: The State Bank has taken notice of the fact that during the public issue of shares the bankers to the issue do not accept subscription applications from those who are not their account holders. ...
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PICIC to launch auto leasing scheme
KARACHI, July 21: PICIC would launch a customer-driven auto leasing scheme, which would cover agriculture implements including tractors, threshers, bulldozers, construction vehicles and others. ...
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SSIC unveils Rs63.1m surplus budget
KARACHI, July 21: Sindh Small Industries Corporation (SSIC) has presented a surplus budget of Rs63.1 million for 2004-05. The expected surplus income during the fiscal year is Rs7.702 million. ...
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Lint prices stabilize
KARACHI, July 21: After having received massive battering during the last couple of weeks, fine lint prices on Wednesday seem to have stabilized around the average rate of Rs2,400.00 per maund. ...
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KSE 100-share index crosses 5,400-point barrier
KARACHI, July 21: Stocks on Wednesday recovered from the recent lows on active short-covering at the lower levels aided by rumours of interim dividend by some of the leading companies. ...
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