| 24 August 2004 | Tuesday | 07 Rajab 1425 |
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Proposal to import urea dropped
ISLAMABAD, Aug 23: The ministry of industries and production has given up its proposal to immediately import 245,777 tons of urea at a cost of Rs1.8 billion to overcome the shortage of the commodity. ... 
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$100m WB loan for tax reform by Jan 31
ISLAMABAD, Aug 23: The World Bank will lend Pakistan $100 million on January 31, 2005 to complete restructuring of the Central Board of Revenue by 2008. ...
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Banks lend Rs7.46bn to farmers in July
KARACHI, Aug 23: Twenty-one banks involved in the disbursement of mandatory agricultural credit made Rs7.464 billion farm loans in July 2004. ...
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India offers cheap man-made fibre
LAHORE, Aug 23: The Indian Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) has urged the Pakistani textile producers to import man-made fibre for their products from India. ...
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Rupee up two paisa
KARACHI, Aug 23: The rupee gained two paisa against the US dollar in the inter-bank market on Monday due to low demand of dollars from importers. Bankers said the rupee closed at 58.74, up two paisa from the weekend close of 58.76 a US dollar. ...
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Trade surplus with ECO states up to $404m
ISLAMABAD, Aug 23: Pakistan has achieved a trade surplus of $404.4 million with ECO member countries during the financial year 2003-04, an official source told Dawn. ...
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CBR directive
ISLAMABAD, Aug 23: The Central Board of Revenue (CBR) has directed all the collectorates not to issue public notice and standing orders. The decision was taken through a customs general order no. 9 of 2004 released here on Monday. ...
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Oil prices climb on supply concerns
LONDON, Aug 23: World crude prices rose on Monday on supply fears amid fighting in major producer Iraq and a report that Russian oil giant Yukos could face another crippling tax bill, traders said. ...
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Sri Lanka trade gap widens sharply
COLOMBO, Aug 23: Sri Lanka's trade deficit widened by 60 per cent in the first half of 2004 to $1.13 billion, the Central Bank said on Monday, due partly to soaring global oil prices. ...
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Oil carries a curse of its own
RIYADH, Aug 23: Oil, many say, carries a curse of its own. It has, in past and in present days, been responsible for the "crude attention" of the unwanted. Many say it is responsible for many a war and tragedies of today's world. ...
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Active trading on cotton market
KARACHI, Aug 23: Physical trading on the cotton market on Monday resumed on a steady note as spinners and mills were not inclined to miss the bandwagon. ...
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KSE index manages to stay above 5,400-point barrier
KARACHI, Aug 23: Stocks on Monday suffered modest reaction as follow-up support turned shy in the absence of leading institutional traders and bargain hunters. ...
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