$1.96 billion Asian Bank loan for 23 projects
ISLAMABAD, Sept 27: The Asian Development Bank on Monday approved a $1.96 billion country strategy and programme (CSP) for Pakistan to finance 23 infrastructure and poverty reduction projects in the next two years.
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HBFC without steward, top officials
KARACHI, Sept 27: In the absence of top management, the working of the House Building Finance Corporation (HBFC) is in jeopardy.
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SBP to sell Rs60bn T-bills
KARACHI, Sept 27: The State Bank is going to sell Rs60 billion three-month and one-year treasury bills on Tuesday-Wednesday.
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LPG consumers still paying high prices
KARACHI, Sept 27: Instead of paying Rs37-38 per kg, as per government's decision of cutting price of liquefied petroleum gas (LPG) on Saturday, consumers on Monday continued to pay Rs42-43 per kg.
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Cotton 'buffer stock' idea under study
MULTAN, Sept 27: Federal Ministry of Commerce is reportedly considering a proposal to maintain a 'buffer stock' of cotton to keep the market stable both in case of short and surplus crop.
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Ghee makers threaten shutdown from Oct 4
ISLAMABAD, Sept 27: The Pakistan Vanaspati Manufacturer's Association (PVMA) threatened on Monday not to pay duty and taxes at import stage edible oils as well as excise duty on supply of vegetable ghee/ cooking oil from October 1, 2004.
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OGDCL
KARACHI, Sept 27: Oil and Gas Development Company Limited (OGDCL), the largest oil and gas exploration company in Pakistan, announced on Wednesday results for the year ended June 30, 2004
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Oil at record high
LONDON, Sept 27: World oil prices raced to new record high levels close to $50 a barrel on Monday as unrest in Nigeria and Saudi Arabia alarmed traders already anxious about low oil inventories.
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Trading gets slow on cotton market
KARACHI, Sept 27: Trading activity on the cotton market on Monday remained relatively slow as ginners and spinners remained locked in the price war, the chief victim being the ready business.
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KSE 100-share index settles well above 5,100-barrier
KARACHI, Sept 27: Stocks on Monday resumed trading on a higher note as investors were not inclined to miss the rising market and continued to build up long positions at the lower levels.
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