| 21 October 2004 | Thursday | 06 Ramazan 1425 |
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TCP not buying pressed cotton: Aptma resents govt policy
KARACHI, Oct 20: The textile mills have accused the government of an inappropriate cotton buying policy. They assert that the Trading Corporation of Pakistan (TCP) is entering in to buying contract of cotton which is yet to be pressed in the ginneries and hence is distorting the market. ... 
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Pakistan may not gain access to GSP plus: Lamy
BRUSSELS, Oct 20: Pakistan's exports will be eligible once again for the European Union's tariff-cutting scheme - the generalised system of preferences (GSP) - as of January 2006 but are unlikely to benefit from the more advantageous zero-duty version known as "GSP plus ...
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Rupee sheds 80 paisa in three days: Exporters deny holding proceeds
KARACHI, Oct 20: The rupee on Wednesday lost 36 paisa and sank to a new 34-month low of 60.58 a US dollar in inter-bank market on continued oil import payment plus repatriation abroad of dividends by a private power company. ...
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Banks disburse Rs20.6bn loan among farmers: July-September
KARACHI, Oct 20: Banks lent Rs20.62 billion to the farming sector in the first quarter of this fiscal year. The full year target for bank credit to this sector is Rs85 billion. In the last fiscal year, banks had lent Rs73.6 billion to growers. ...
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Gwadar Port to be operational by Dec 18
ISLAMABAD, Oct 20: Chinese Assistant Minister of Commerce Chen Jian has assured the Pakistani authorities that Gwadar Port will be ready for operation by December 18 this year. ...
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SBP injects Rs14bn into inter-bank market
KARACHI, Oct 20: The State Bank on Wednesday injected Rs14 billion into the banking system to ease off the temporary liquidity crisis and help banks to finance Eid-related withdrawals from bank deposits. ...
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ADB offers $1.96bn assistance
ISLAMABAD, Oct 20: The Asian Development Bank (ADB) will offer additional $885 million in 2005 to help improve the country's depleting infrastructure and neglected social sectors. ...
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Car sales, production show upward trend
KARACHI, Oct 20: Car segment continued to show a brisk performance in July-September 2003-2004, registering an increase of 37 and 38 per cent in production and sales as compared to same period last fiscal but the issues of premiums and late deliveries of cars remained unresolved. ...
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Argentina, Brazil keen on energy sector
ISLAMABAD, Oct 20: The Ambassadors of Argentine and Brazil separately called on Minister for Water and Power Liaquat Ali Jatoi here on Wednesday and discussed with him matters of economic cooperation and joint venture projects in energy and water sectors. ...
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Oil prices bounce back
LONDON, Oct 20: Oil prices shot back up toward record high levels on Wednesday after US heating oil stocks fell for the fifth month in a row, fanning fears of a supply crunch during the northern winter. ...
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Buying spree continues on cotton market
KARACHI, Oct 20: Active trading was witnessed on the cotton market on Wednesday as spinners and exporters remained active buyers round Rs2,000 per maund or slightly below depending on the quality of lint in trade. ...
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Stocks fail to extend overnight rally
KARACHI, Oct 20: The overnight run-up on the stock market slightly slowed down on Wednesday as some of the institutional traders hastened to take profits at the inflated levels but there were buyers at each dip. ...
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