SBP gives $345 million for oil imports
KARACHI, Nov 25: The State Bank has sold $345 million to banks for making oil import payments on behalf of their clients so far during this month.
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State Bank mops up Rs23.5bn
KARACHI, Nov 25: The State Bank on Thursday mopped up Rs23.5 billion from an excessively liquid inter bank money market repo sale of treasury bills for up to two weeks at an open market operation.
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60,000 tons urea import tender awarded
KARACHI, Nov 25: Trading Corporation of Pakistan (TCP) has awarded supply contracts to two international firms for import of 60,000 tons of urea to meet domestic demand for "Rabi season".
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US ban on quota Exporters can swap with other categories
KARACHI, Nov 25: The government has in principle agreed to resolve the quota problem arising out of US embargo by allowing the exporters to swap their required quotas with other fast running categories
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SNGPL
KAKRACHI, Nov 25: On Thursday, Sui Northern Gas Pipelines Limited (SNGPL) announced financial results for the year ended June 30, 2004, posting after tax profit at Rs2.297bn. The Board also proposed dividend at Rs2.50 (25pc).
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BD for boosting bilateral trade
KARACHI, Nov 25: Bangladesh Commerce Minister Air Marshal (Retd) Altaf Hussain Chaudhry has said that his country will give top priority for promoting bilateral trade with Pakistan.
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Fund managers optimistic about Asian markets
HONG KONG, Nov 25: International fund managers are now optimistic about equities in Taiwan, Indonesia and India, recommending a slight overweight in those markets within an Asia-Pacific portfolio
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Sweden wants increased trade with Pakistan
KARACHI, Nov 25: Sweden can extend expertise to Pakistan in the fields of bio-technology, water management, air pollution control and public transport.
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Prices ease on cotton market
KARACHI, Nov 25: Cotton prices on Thursday modestly eased from the previous levels as ginners continued to liquidate long positions despite strong presence of spinners and the TCP.
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KSE index posts modest decline of 9.95 points
KARACHI, Nov 25: Stocks on Thursday finished with clipped gains as investors played on both sides of the fence, adjusting their portfolios in line with the unfolding political scenario and outcome of peace overtures with India.
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