02 December 2004 Thursday 19 Shawwal 1425 Sindh share in GDP falls by 1pc KARACHI, Dec 1: The Sindh's share in the national gross domestic product (GDP) has come down by almost one per cent in last five years mainly because of about 3 per cent fall in the share of industrial production ... Pakistan set to lose GSP concessions: WTO quota-free regime 30 days from now KARACHI, Dec 1: The post 2005 free market era would prove to be a boon for some nations. For Pakistan, however, it may translate differently. ... Financial market grew amidst volatility: FY04 Review by SBP KARACHI, Dec 1: Financial markets in Pakistan witnessed periods of volatility in the last fiscal year, reflecting the changing fortunes of the country's external account and shifting expectations on interest rates ... Derivatives to make transactions faster KARACHI, Dec 1: In the eyes of local companies seeking to hedge interest rate and currency risks, the recent launch of a formal derivatives market in Pakistan comes at an opportune time, bankers said. ... Rupee gains 13 paisa in inter-bank KARACHI, Dec 1: The rupee, on Wednesday, gained 13 paisa or 0.2 per cent value against the US dollar in the inter-bank on heavy selling of export proceeds amidst low demand for foreign exchange from importers. ... Wheat flour prices up Rs2-3 per kg KARACHI, Dec 1: Prices of wheat flour varieties increased by Rs2-3 per kg in the last one month followed by a phenomenal jump in vegetables, pulses and poultry rates, hence disturbing the consumers' monthly kitchen budget. ... Russian team coming to discuss gas pipeline ISLAMABAD, Dec 1: An eight-member high-level delegation of Russian energy firm Gazprom is arriving here on Saturday to discuss possibilities of laying a 2,670-km long Iran-Pakistan gas pipeline to India ... Exchange firms sell $288m to banks KARACHI, Dec 1: Foreign exchange companies sold around $288 million to banks in fiscal year July-June 2003-04, according to data released by the State Bank of Pakistan. ... Cotton market resists fresh decline KARACHI, Dec 1: The cotton market on Wednesday resisted fresh decline as leading ginners held on to their unsold positions, signalling that they are not inclined to further lower their asking prices. ... Stocks pass through another mixed session KARACHI, Dec 1: Stocks on Wednesday passed through another mixed session as investors played on both sides of the fence awaiting the advent of strong financial support ...

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