19 August 2004 Thursday 02 Rajab 1425 Industrial growth to go up to 25pc: Jatoi ISLAMABAD, Aug 18: Federal Minister for Industries and Production, Liaquat Ali Jatoi said on Wednesday that Pakistan would touch the level of 24-25 per cent industrial growth during the fiscal year 2004-05 as against the 17 per cent growth registered last year. ... Six-month T-bills rate up to 2.62pc KARACHI, Aug 18: The State Bank on Wednesday raised weighted average yield on six-month treasury bills by 10 basis points to around 2.62 per cent. This sends a strong signal to the market that the central bank would continue raising interest rates to curb inflation but would not let them rise too fast. ... Small capped companies invited to OTC market KARACHI, Aug 18: Managing Director, Karachi Stock Exchange, Moin M. Fudda invited potential issuers, especially of small capped companies to raise funds and avail the opportunity of listing their securities on the Over-The-Counter (OTC) market. ... Stock website KARACHI, Aug 18: AKD Trade.Com, Pakistan's first stock trading website, has introduced AKD Research, said a press release issued by Aqeel Karim Dhedhi Securities (Pvt) Ltd, on Wednesday. ... Researcher expects good cotton crop KARACHI, Aug 18: Pakistan could produce a larger-than-expected cotton crop this year if the crop successfully crosses September without a pest attack similar to the one that hit last year's crop, a senior crop researcher said on Wednesday. ... Residual quota Textile exporters dispute QSC allocation method KARACHI, Aug 18: While disputing the method of allocation of textile quotas the exporters have refuted the Quota Supervisory Council's claim that a residual quota could be placed under First-Come-First-Served (FCFS) basis. ... Pakistan, NZ discuss trade ISLAMABAD, Aug 18: New Zealand Foreign Affairs and Trade Minister Phil Goff has emphasized the need for increasing the bilateral trade between Pakistan and New Zealand. ... UK trade mission due in October KARACHI, Aug 18: A strong mission of British-Pakistanis will visit Pakistan in October to explore investment and trade opportunities. Although the exact number of non-resident Pakistanis in the team is not known ... PRGMEA told to submit working paper: Free-trade era KARACHI, Aug 18: The Export Promotion Bureau has asked the Pakistan Readymade Garments Manufacturers and Exporters Association to submit a working paper on the problems to be faced by the apparel sector in the post-quota era. ... WB working on accounting, auditing standards KARACHI, Aug 18: The World Bank delegation head Ismaillia B. Cessesy has said that the World Bank was in the process of formulating Cannons of Accounting and Auditing Standards. ... Prices rise on cotton market KARACHI, Aug 18: Cotton prices on Wednesday resisted fresh decline as ginners raised their asking prices followed by limit-gain in the New York cotton futures on strong speculative support. ... Stocks maintain bullish trend, gain another 40 points KARACHI, Aug 18: Stocks on Wednesday finished with an extended gain as follow-up support figured prominently on all the counters aided by an anticipated victory of the prime minister-designate in the election and reports of higher corporate earnings. ...

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