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October 28, 2001 Sunday Shaba'an 10, 1422 Govt to clear refunds by Dec 31: Rs12 billion claims ISLAMABAD, Oct 27: The government has decided to help increase the exporters’ liquidity by assuring to clear their Rs12 billion refunds by December 31 this year.... Polyester exporters offered rebate ISLAMABAD, Oct 27: The federal government has decided to offer rebates to the polyester exporters in view of a drastic 80 to 90 per cent decline in exports of this product... World Call Multimedia floats IPO on Nov 7 KARACHI, Oct 27: The WordCall Multimedia Limited proposes to float an Initial Public Offering (IPO) on November 7, with an offer of Rs132 million in shares to the general public.... Banks unaware of finance facility available in $ KARACHI, Oct 27: Many of the scheduled bank officials are somehow unaware of the State Bank of Pakistan’s (SBP) export finance facility in dollar available since early this year.... Pakistan to get ‘permanent debt relief’ KARACHI, Oct 27: Pakistan is likely to get “permanent debt relief” from Paris Club due to meet in December that would reduce the huge bilateral debts to sustainable levels.... ARL submits expansion plans to govt KARACHI, Oct 27: Attock Refinery Limited (ARL), Rawalpindi, has submitted to the government plans to expand the refinery and build a white oil pipeline from Lahore to Peshawar via Rawalpindi.... SEC still seeing smoke and mirrors accounting: Hunt WASHINGTON, Oct 27: Federal regulators continue to see companies engaging in “smoke-and-mirror” accounting tactics to boost earnings and stock prices, a Securities and Exchange Commission official said on Friday.... Bush pushes for broad energy bill WASHINGTON, Oct 27: President Bush on Friday again pushed the US Senate to pass a broad energy bill that would allow drilling in the Arctic National Wildlife Refuge, arguing that the... Enron debt sinks on credit crunch NEW YORK, Oct 27: Bonds of Enron Corp., which is trying to curb fears that it faces a credit crunch, fell sharply on Friday after The Wall Street Journal reported the... Wall Street extends rally NEW YORK, Oct 27: Traders managed to reignite a rally on Wall Street this week, looking ahead to a recovery next year despite grim news from the corporate front and growing... Greenback closes lower NEW YORK, Oct 27: Rumours of the demise of the US dollar’s six-year bull run may be greatly exaggerated.... KCBT wheat closes higher KANSAS CITY, Oct 27: Kansas City Board of Trade hard red winter wheat futures closed higher on Friday on technical follow-through from Thursday’s strong close.... New York cotton futures firm NEW YORK, Oct 27: NY cotton futures settled on a firm note Friday, the first time it has done so in seven sessions, as speculative shortcovering hoisted fiber prices away from... NY Fed made sole pre-attack rate cut request WASHINGTON, Oct 27: As late as Sept. 4, a week before the attacks on New York City and Washington that may have tipped the economy into recession, only one of 12... WTO envoys struggle over launching trade round GENEVA, Oct 27: Negotiators at the World Trade Organization (WTO) were near deadlock on Friday over terms for a round of open trade talks that Western leaders say would help revitalise... Opec to slash output in Nov to force prices up: Nuaimi ABU DHABI, Oct 27: The world’s top oil producer Saudi Arabia and two other Gulf nations announced Saturday that Opec will shortly reduce production in order to push prices up.... US ready for insurance aid plans WASHINGTON, Oct 27: Key House of Representatives and Senate lawmakers are readying legislation to aid US insurers hit hard by last month’s attacks on the United States, but remain deeply split... Oil prices pull up but economic woes keep metals soft LONDON, Oct 27: Oil prices pulled away from two-year low points but remained weak, as the market began to wonder whether Opec might agree another output cutback next month.... US needs changes in policy to avoid recession LONDON, Oct 27: The United States is in the early stages of a recession which could be as deep and intractable as any since the second World War, with serious consequences... Cotton market resists fall KARACHI, Oct 27: After three days of persistent decline, cotton prices on Saturday resisted fresh fall thanks to revival of stray mill demand and weekend short-covering by leading spinners....

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