| 16 October 2004 | Saturday | 01 Ramazan 1425 |
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National Savings to be made authority
ISLAMABAD, Oct 15: The government is converting the Central Directorate of National Savings (CDNS) into an "authority" to enlarge its functions as well as to adequately benefit its employees. ... 
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LC safer than acceptance of document
KARACHI, Oct 15: Importers of Pakistani goods in the US, Canada and Europe will force their Pakistani business partners to export them greater quantity of goods on the basis of payment on acceptance of documents ...
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SBP sells $35-40m to lift rupee
KARACHI, Oct 15: The State Bank had to sell $35-40 million dollars in the inter-bank market on Friday to support the rupee that sank below 60 a US dollar after more than two years on heavy dollar buying for payment of oil import bills. ...
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Cement off-take grows by 23.74pc in first quarter
LAHORE, Oct 15: Domestic consumption of cement has grown by 23.74 per cent to 3.647 million tons during the first quarter, July-September, of the current fiscal year 2004-05 as compared to the corresponding period last year. ...
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2 stock exchange models proposed: Demutualization
ISLAMABAD, Oct 15: The expert committee on the demutualization and integration of stock exchange has submitted its report to the Securities and Exchange Commission of Pakistan ...
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PIA cargo, passenger traffic improves
KARACHI, Oct 15: Pakistan International Airlines said on Friday that in the first nine months of operation (Jan-Sept 2004), the airline's revenue passenger kilometres (RPKs) were 10,274 million ...
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NIT unit asset value moves up by 2.42pc
KARACHI, Oct 15: Net Asset Value of an NIT unit stood at Rs31.27 on September 30, 2004, up from Rs30.53 (ex-dividend) on June 30, 2004, representing increase of 2.42 per cent during the first quarter (July-Sept). ...
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State Bank's clarification
KARACHI, Oct 15: The State Bank of Pakistan has clarified a news report published in the October 14 issue of Dawn headline: "Easing pressure on rupee: Govt may review Forex Liberalization Act. ...
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Govt asked to check leather export
KARACHI, Oct 15: Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) has urged the government to restrict the export of raw hides, skins, split and wet blue leather because it is hurting the export of value-added products. ...
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Pakistan's trade with Turkey may reach $2bn
KARACHI, Oct 15: The volume of trade between Turkey and Pakistan is expected to increase to $2 billion mark by the end of the year 2006, from the current $500 million. ...
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Cotton market rules firm
KARACHI, Oct 15: Cotton market on Friday showed steady trend as most of the deals in the ready section were done in line with the previous rates amid modestly traded session. ...
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Stock market undergoes technical correction
KARACHI, Oct 15: Stocks on Friday fell from the recent highs as investors indulged in profit-selling almost on all the counters but selling was well-absorbed at the decline. ...
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