| 23 November 2004 | Tuesday | 10 Shawwal 1425 |
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$350 million debt prepayment by Parco irks govt
ISLAMABAD, Nov 22: The federal government has expressed its displeasure over the prepayment of $350 million foreign debt by Pak-Arab Refinery Company (Parco) at expensive rates and without prior approvals. ... 
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S&P raises Pakistan's credit ratings
ISLAMABAD, Nov 22: The Singapore-based Standard & Poor's Ratings Services on Monday raised Pakistan's long-term sovereign credit ratings by one notch, to 'B+' for foreign currency and 'BB' for local currency. ...
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Pakistan to enter market with 25.1pc duties: WTO quota-free regime 40 days away
KARACHI, Nov 22: Pakistan will be the only country who will be entering the quota-free era of the world market with a punitive duty and a normal customs duty on its exports to European Union (EU) member states having a sizeable market for all categories of textiles and clothing. ...
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India for promotion of regional trade
ISLAMABAD, Nov 22: Indian Minister for Commerce and Industry Kamal Nath here on Monday termed the volume of bilateral trade between his country and Pakistan as dismal urging the people and business community on both sides to make their governments improve commercial relations. ...
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US not ready to budge on quota: Shipment of textiles
KARACHI, Nov 22: The Federal Commerce Ministry has apparently lost all the hopes of getting the shipment issue of six or seven categories of textile products to the US resolved through discussions and arguments ...
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Rupee sheds 6 paisa
KARACHI, Nov 22: The rupee, on Monday, lost six paisa to close at 59.79 a US dollar in the inter bank market against the weekend close of 59.73 on higher demand for foreign exchange. ...
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Banks lend Rs26.9bn to farm sector
KARACHI, Nov 22: All the banks involved in disbursement of mandatory agricultural credit lent Rs26.9 billion to the farming community in the first four months of this fiscal year. They are supposed to disburse at least Rs85 billion during the year. ...
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Pakistan, Sri Lanka to begin free trade in Jan
COLOMBO, Nov 22: Prime Minister Shaukat Aziz said here on Monday that a free trade agreement between Pakistan and Sri Lanka would be finalized by November 24 ...
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Ginners main beneficiaries of TCP drive
MULTAN, Nov 22: The role of Trading Corporation of Pakistan in the cotton market this year has become a subject of heated debate that who is the actual beneficiary of its intervention being carried out in the name of facilitating the farming community. ...
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LPG price remains high despite imports
KARACHI, Nov 22: As demand of liquefied petroleum gas (LPG) swells in winter season, consumers are yet to see any benefit in shape of price cut despite import of 9,000 tons of LPG from September till now. ...
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Ministers vow to make Saarc an economic bloc
ISLAMABAD, Nov 22: The fourth meeting of Saarc commerce ministers on Monday agreed to put in more efforts to make Saarc a vibrant and powerful economic bloc. ...
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Lead managers complete due diligence: Islamic bonds
ISLAMABAD, Nov 22: The representatives of the Citibank and Hong Kong Shanghai Banking Corporation (HSBC) here on Monday met the senior government officials and completed due diligence to float roughly $500 million Islamic Bond ...
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Uncertain rates keep cotton traders at toes
KARACHI, Nov 22: Trading on the cotton market on Monday resumed on an insipid note as price ideas of buyers and sellers failed to find a meeting ground, but some of the ginners remained active sellers at the lower levels. ...
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Stocks suffer modest fall as investors take profits
KARACHI, Nov 22: Stocks on Monday turned mixed as a section of investors took profits at the inflated levels but the broader market performed credibly well on renewed short-covering on selected counters. ...
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