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| November 15, 2001 | Thursday | Shaba’an 28, 1422 |
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Opec set to slash output
VIENNA, Nov 14: Opec oil cartel agreed on Wednesday to slash output by at least one million barrels per day (bpd) to boost sagging crude prices, despite failing to win immediate... 
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Cash holding rises sharply in October
KARACHI, Nov 14: Currency in circulation increased by Rs21.8 billion last month mainly because of heavy withdrawals from the rupee accounts after the launch of US-led air strikes on Kabul on...
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Raise in POL products price ruled out
KARACHI, Nov 14: Oil marketing companies executives and refinery operators have ruled out any rise in the petroleum products prices in its fortnightly review due on Thursday but are unsure whether...
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Sui Northern Gas Pipelines: CORPORATE PROFILE
KARACHI, Nov 14: On Wednesday, the Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL) announced financial figures for the year ended June 30, 2001. The board also announced cash...
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T-bill yields cut again
KARACHI, Nov 14: The State Bank on Wednesday slashed the cut-off yield on treasury bills by 11-23 basis points and sucked in Rs7.5 billion from the inter-bank market. Earlier on October...
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$ makes sharp recovery in kerb
KARACHI, Nov 14: The US dollar regained Rs1.90 or 3 per cent in a single session in the kerb market on Wednesday. The dollar closed at Rs62.40/62.60 for spot buying and...
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Leading scrips lead recovery on stock market
KARACHI, Nov 14: Share market on Wednesday showed a relatively improved trend on heavy short-covering in the pivotals triggered by the perception of peace in Afghanistan and possible end of the...
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Vast potential exists to enhance engg goods export
KARACHI, Nov 14: Vast potential exists to increase the exports of engineering goods from Pakistan to $250 to $300 million in next three to four years....
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London stocks close lower
LONDON, Nov 14: Blue chip British stocks closed lower on Wednesday, hauled off two-month highs by diving oil shares as Opec shelved anticipated output curbs, with BP and Shell both falling...
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‘US economy may shrink in fourth quarter’
WASHINGTON, Nov 14: The US economy quite possibly will shrink again in the current fourth quarter, a senior US Treasury official said on Tuesday, but should resume growth in 2002, gaining...
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Exportable goods makers to get more incentives
KARACHI, Nov 14: The government is determined to offer more incentives to the exporters of raw material and manufacturers of the exportable goods to enable them secure more export orders, Collector...
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Sugar mills put off cane crushing
ISLAMABAD, Nov 14: The Pakistan Sugar Mills Association (PSMA) on Tuesday unanimously decided to postpone the sugarcane crushing for indefinite period, saying that mills would not resume sugarcane crushing until sugar...
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Opec ready to cut output
VIENNA, Nov 14: The Opec oil cartel met on Wednesday to agree a deep output cut to rescue prices from a post-September 11 slump, but admitted its action might have little...
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BoE King highlights inflation report
LONDON, Nov 14: Following are highlights of Wednesday’s press conference with Bank of England deputy governor Mervyn King as he presented the Bank’s quarterly inflation report:...
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40,000 cotton bales change hands
KARACHI, Nov 14: Cotton market on Wednesday shrugged off the last couple of sessions hesitancy as spinners resumed their covering operations after a technical breather....
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OPIC investment linked with tax exemption
ISLAMABAD, Nov 14: The Overseas Private Investment Corporation (OPIC) of the United States has agreed to bring in Pakistan major investment in the insurance and debt equity sectors, but in turn...
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New ST audit parameters soon
KARACHI, Nov 14: The new parameters of sales tax audit the Central Board of Revenue (CBR) and trade and industry have agreed upon are being notified in a day or two,...
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Saudi Pak financing increases
ISLAMABAD, Nov 14: Saudi Pak Industrial and Agriculture Investment has accorded approvals of long-term financing worth Rs917 million in the first 10 months of current calender year against Rs535 million...
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Training for tax officials stressed
ISLAMABAD, Nov 14: Federal Tax Ombudsman (FTO) Justice (Retd) Saleem Akhtar has said that due the lack of sufficient knowledge of officials about taxes, taxpayers are facing problems at their hands....
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Local ISO certification body okayed
LAHORE, Nov 14: The federal government has given a go ahead signal for the establishment of the first local ISO-9000 and ISO-14000 certification body, it has been learnt....
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