| 06 October 2004 | Wednesday | 19 Shaban 1425 |
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SBP tightens rules to check speculation: Real estate
KARACHI, Oct 5: The State Bank has stopped banks from providing housing loans exclusively for the purchase of land and urged them to offer housing finance for buying land only for construction on it. ... 
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Tareen urges fast industrialization at Port Qasim
KARACHI, Oct 5: Industries and Production Minister Jehangir Khan Tareen on Tuesday visited Port Qasim to see its projects and facilities aimed at promoting industries. ...
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Safta experts prefer generalized origin rules
DHAKA, Oct 5: The trade negotiators of Saarc countries on Tuesday primarily agreed to evolve a generalized principle for rules of origin of various products to be traded under the framework of the South Asian Free Trade Area (Safta) ...
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Rupee sheds five paisa
KARACHI, Oct 5: The rupee lost five paisa on Tuesday to close at 59.30 a US dollar in the inter-bank market as some banks resorted to heavy buying of foreign exchange to pay their customers' import bills. ...
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Saindak, Gwadar to boost trade with China
ISLAMABAD, Oct 5: Prime Minister Shaukat Aziz on Tuesday said the Pakistan-China friendship would get a boost with the commissioning of Gwadar Port and Saindak Copper Projects in Balochistan. ...
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More Russian wheat import opposed
ISLAMABAD, Oct 5: Pakistan Flour Mills Association (PFMA) has demanded of Prime Minister Shaukat Aziz to intervene and stop forthwith the proposed import of more Russian wheat, which they described as of 'substandard quality'. ...
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CNG sector attracts Rs15bn investment
ISLAMABAD, Oct 5: The Compressed Natural Gas (CNG) Sector has so far attracted more than Rs15 billion investment and created 15,000 employment, Director General, Hydrocarbon Development Institute of Pakistan (HDIP), Hilal A. Raza said on Tuesday. ...
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Hubco's update on four units
KARACHI, Oct 5: The Hub Power Company Limited (Hubco) delivered an 'updated status report' on all four units of the Independent Power Producer on Tuesday, which was announced at the Karachi Stock Exchange. ...
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Economic moot
KARACHI, Oct 5: Secretary General Islamic Chamber of Commerce and Industry, (ICCI), Aqeel A. Al Jaseem has said that the ICCI in collaboration with a Pakistan Industrial Group ...
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DSFL posts Rs327m profit
KARACHI, Oct 5: Dewan Salman Fibre Limited posted after tax profit in the sum of Rs327 million for the year ended June 30, 2004, which was over 11 times the net earnings of Rs28 million the previous year. ...
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Fee for renewal of bank licences
KARACHI, Oct 5: The State Bank has informed all banks that it will charge a fee of Rs100,000 for renewal of banking licence and that of Rs25,000 for renewal of branch licence. ...
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UK team explores investment prospects
KARACHI, Oct 5: Lorraine Ellison, a member of the Asian Business Development Network (ABDN) from Leeds, Britain, has said that a lot of opportunities exist for investment in the emerging economies such as Pakistan. ...
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Indian firm wins rice tender
KARACHI, Oct 5: An Indian firm has quoted the lowest price in response to the rice tender floated by Mauritius government to import 30,000 tons of IRRI-6. ...
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Success seen in harnessing supply chain
ISLAMABAD, Oct 5: Success is usually seen in the ability to harness a supply chain to deliver responsively to customers as and when they demand. This was the consensus of the majority speakers at an international symposium ...
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Trading fails to pick up on cotton market
KARACHI, Oct 5: Trading activity on the cotton market failed to pick up for the second session in a row as both the buyers and sellers awaited the negative fall-out of higher arrivals of phutti into the ginneries. ...
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Stocks suffer fall as leading shares shed extra weight
KARACHI, Oct 5: Stocks on Tuesday suffered mild reaction as investors liquidated long positions amid fears of heavy floatation from the Carryover Trade (COT) in the shape of clearing. ...
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