| 21 August 2004 | Saturday | 04 Rajab 1425 |
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Govt offers 10pc relief in some categories: Over-programming
KARACHI, Aug 20: The ministry of commerce has decided to allow a 10 per cent over-programming in those textile categories where utilization by the exporters has been less than 40 per cent. ... 
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Banks liquidity crunch deepens: Rs9.6bn borrowed from SBP
KARACHI, Aug 20: The liquidity crunch created after higher- than-targeted sale of six-month treasury bills on Wednesday deepened on Friday when 15 local and foreign banks had to borrow overnight funds from the State Bank. ...
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Allied Bank handed over to new owners
KARACHI, Aug 20: The consortium of Ibrahim Leasing Ltd. and Ibrahim Group which has injected Rs14.2 billion into the capital of Allied Bank of Pakistan for acquiring 325 million additional shares assumed the control of the bank on Friday. ...
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ADB team visits EOBI
KARACHI, Aug 20: A team of Asian Development Bank (ADB) visited Employees Old-Age Benefits Institution (EOBI) on Friday, and assured bank's support to on-going reforms introduced under institutional strategy. ...
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Govt may allow used auto parts import
ISLAMABAD, Aug 20: The federal government on Friday hinted at allowing the import of old and second hand auto parts, not manufactured locally, that would yield up to Rs2 billion annual revenue ...
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$1 billion rice export likely this fiscal
ISLAMABAD, Aug 20: Federal Commerce Minister, Humayun Akhtar Khan claimed on Friday Pakistan's rice export would touch the figure of $1 billion during the current fiscal year ...
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Hotels to sell forex to exchange companies
KARACHI, Aug 20: The hotels that have the permission to deal in foreign exchange can now sell to exchange companies all the foreign currencies except for US dollar, pound sterling and euro. ...
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Saudi Pak okays Rs1,069m financing
ISLAMABAD, Aug 20: The 90th Board of Directors Meeting of Saudi Pak Industrial and Agricultural Investment Company Limited approved a total financing of Rs1,069 million to 13 companies in manufacturing, construction and communication sectors. ...
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Automated clearance procedure at PQ
ISLAMABAD, Aug 20: The government has introduced a single automated clearance procedure (ACP) at Port Qasim, Karachi that would reduce the contact between the taxpayers and the tax officials. ...
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CBR transfers, postings
ISLAMABAD, Aug 20: The Central Board of Revenue has transferred and posted 35 senior officials of the customs and central excise group. ...
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Lint prices ease on hasty selling
KARACHI, Aug 20: Cotton market on Friday modestly eased from the previous higher levels as some of the ginners indulged in hasty selling to clear the backlog of unsold stocks. ...
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Stocks finish weekend session with 31 points gain
KARACHI, Aug 20: Stocks on Friday shrugged off the overnight easiness and staged a smart rally aided by active short-covering in the energy shares, lifting the KSE index well above the barrier of 5,400 at 5,409.05 points. ...
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