| 20 August 2004 | Friday | 03 Rajab 1425 |
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ADB offers $2bn for rail, road networks: Links with Kabul, Delhi
ISLAMABAD, Aug 19: The Asian Development Bank (ADB) has indicated to offer $2 billion to Pakistan to help provide "regional connectivity" into Afghanistan and India through road and railway networks separately. ... 
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Banks borrow Rs950m from State Bank: KIBOR moves up
KARACHI, Aug 19: Three banks combined borrowed Rs950 million from the State Bank on Thursday as the banking system ran short of cash due to a higher-than-targeted sale of treasury bills by the SBP on Wednesday. ...
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Pakistan-US trade body meets next month
ISLAMABAD, Aug 19: Pakistan and the United States will discuss in detail bilateral trade issues during the first Trade and Investment Facilitation Agreement (TIFA) Council meeting to be held in Washington in the last week of September this year. ...
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Distortions need to be sorted out: MFN status to India
ISLAMABAD, Aug 19: Federal Commerce Minister Humayun Akhtar Khan said on Thursday that Pakistan would accord Most- Favoured Nation (MFN) status to India once distortions in different sectors of the industry ...
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Businessmen overjoyed by Aziz's win
KARACHI, Aug 19: Businessmen, industrialists and capital market managers were overjoyed by the election of Shaukat Aziz as the Prime Minister of Pakistan. ...
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Taxation treaty with Sudan
ISLAMABAD, Aug 19: Pakistan and Sudan on Thursday developed consensus on 15 articles of the proposed convention for the avoidance of double taxation between the two countries. ...
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Strategy to slash poverty
KARACHI, Aug 19: State Bank Governor Dr Ishrat Hussain on Thursday said that a strategy had been devised to bring the poverty level down to 14 to 15 per cent in the next 10 years. ...
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China wants to acquire Yukos
MOSCOW, Aug 19: China stepped into the Yukos oil saga on Thursday saying it was interested in grabbing the crumbling giant's crown jewel in order to quench its own booming thirst for energy. ...
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Singapore's investments over $160bn
SINGAPORE, Aug 19: The wealthy city state of Singapore had $159 billion worth of overseas investments at the end of 2002 even before recent regional expansion sprees by its state-owned enterprises, government data showed on Thursday. ...
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Oil prices top $48 on threats to Iraqi fields
LONDON, Aug 19: World oil prices shot above $48 a barrel for the first time on Thursday as Shiite Muslim militia threatened to torch Iraqi oil fields. New York's benchmark light sweet crude for delivery in September spiked 93 cents to an all-time high $48.20 in early deals. ...
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Cotton prices up by Rs50-100
KARACHI, Aug 19: The cotton market on Thursday maintained a firm trend as prices were quoted further higher by Rs50 to Rs100 per maund followed by reports of a considerable decline in arrivals of phutti into the ginneries and heating up of the international markets. ...
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Stocks fail to extend overnight rally
KARACHI, Aug 19: Stocks on Thursday failed to extend the overnight run-up as heavy float from the carryover market overshadowed the election victory of Shaukat Aziz. The KSE 100-share index shed 40 points, reflecting the weakness of leading base shares. ...
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