Businessmen optimistic about export target
KARACHI, July 22: Business and industry, with a cautious note, appreciated the measures in the Trade Policy 2004-05, announced on Thursday by the Minister for Commerce Humayun Akhtar Khan.
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Trade deficit projected at $3 billion
KARACHI, July 22: The Federal Commerce Minister Humayun Akhtar Khan on Thursday expressed the hope to maintain a $3 billion trade gap in the current fiscal year provided there is no "major disruption in the trading environment
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Measures to liberalize import regime
ISLAMABAD, July 22: The government has announced around 35 new measures in the trade policy of 2004-05 for increasing the volume and base of the country's export.
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Meeting export target not an easy task
KARACHI, July 22: The rupee shed five paisa against the dollar on Thursday as importers jumped in to purchase foreign exchange and exporters delayed selling of export proceeds.
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More firms to avail of import scheme
ISLAMABAD, July 22: The government has notified new companies for availing the facility of temporary importation scheme.
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EPZ units allowed to import goods
ISLAMABAD, July 22: The government announced on Thursday that the units operating in export processing zones (EPZs) could import goods from abroad as well as from local tariff areas.
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Pakistan's sovereign rating positive
SINGAPORE, July 22: Standard & Poor's Ratings Services sees a "positive bias" in sovereign credit quality and credit rating actions in the Asia-Pacific region, according to a report released on Thursday.
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Expatriates urged to invest in Pakistan
LONDON, July 22: Production and Industries Minister Liaquat Ali Khan Jatoi has urged overseas Pakistanis to utilize the incentives being offered by export processing zones (EPZs) to make investment in their country to ensure its sustained economic growth.
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Cotton market resists fresh decline
KARACHI, July 22: The cotton market on Thursday resisted fresh decline but the direction of the market is unclear amid falling mill demand.
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Stocks fail to extend overnight run-up
KARACHI, July 22: Stocks on Thursday failed to extend the overnight run-up as weakholders and jobbers liquidated long positions on selected counters at the available margins fearing a badla-related sell-off but there were buyers at the dips.
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