11 August 2004 Wednesday 24 Jamadi-us-Saani 1425 Additional fertilizer production assured ISLAMABAD, Aug 10: Fertilizer manufacturers on Tuesday committed to producing 245,000 tons of additional urea during the upcoming Rabi season to overcome shortage. ... Sales of TV sets rise to 0.85m KARACHI, Aug 10: Consumers brought home over 850,000 locally assembled TV sets in July-June 2003-04 as compared to 764,000 sets in the previous fiscal ... SBP sells dollars to boost rupee KARACHI, Aug 10: The State Bank on Tuesday sucked in part of the excess liquidity from the banking system by selling treasury bills under one-week and two-week repurchase agreement. ... Pakistan, India hold trade talks today ISLAMABAD, Aug 10: Pakistani and Indian trade officials are meeting here on Wednesday to discuss possibilities of enhancing the volume of trade between the two countries. ... Consignments cleared after two years: Betel nuts import KARACHI, Aug 10: After a lapse of around two years, the Karachi Customs on Tuesday cleared first two consignments - 54 tons each, of betel nuts worth about $100,000. ... World Bank wants tax-to-GDP ratio increased ISLAMABAD, Aug 10: The World Bank has urged the Central Board of Revenue to increase the tax-to-GDP ratio by bringing potential taxpayers in the tax net to raise maximum revenue. ... Revised fourth schedule ISLAMABAD, Aug 10: The Revised Fourth Schedule to the Companies Ordinance, 1984, is not applicable to the listed companies whose financial year closed on or before June 30, 2004, the Securities and Exchange Commission of Pakistan stated here on Tuesday. ... JSIBL posts 94pc growth in pretax profit KARACHI, Aug 10: The financial results for the year ended June 30, 2004, released by Jahangir Siddiqui Investment Bank Limited (JSIBL) on Tuesday - the first by an investment bank this reporting season - could be a harbinger of good tidings for investment banks. ... PQA clarifies allotment of plots KARACHI, Aug 10: Port Qasim Authority (PQA) has said that schematic planning of 1,000 square yards plots have been carried out so far and the development work will be started after due process and approval of PQA Board. ... Businessmen urged to adopt WTO system ISLAMABAD, Aug 10: The business community of Pakistan will have to understand and come to terms with the new international rule-based and transparent trading system under the WTO in their own interest and that of the country ... Trading picks up on cotton market KARACHI, Aug 10: Cotton market on Tuesday showed steady trend as price ideas of buyers and sellers seem to have found a meeting ground as was reflected by active trading in the ready section. ... Stocks finish with modest gain on late-selling KARACHI, Aug 10: Stocks on Tuesday failed to extend overnight run up as leading shares ran into profit-selling at the inflated levels and ended with clipped gains under the lead of cement and fertilizer sectors. ...

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