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November 25, 2001 Sunday Ramazan 9, 1422 EU to restore insurance cover: Belgian PM assures Pakistan ISLAMABAD, Nov 24: Pakistan has been assured by the Belgian Prime Minister Guy Verhofstadt of increased trade and economic cooperation including insurance cover for western investors to invest in the country.... Revenue collection revised to Rs430bn ISLAMABAD, Nov 24: The government has further revised down the annual tax collection target by 3.18 per cent or by Rs13.7 billion to Rs430 billion from Rs443.7 billion, an official source... Balloting of NBP shares next week: VHS expires on Dec 8 KARACHI, Nov 24: President of state-run National Bank Ali Raza said on Saturday that the ongoing voluntary handshake scheme of the bank is the last one and the management would offer... Dawood for strategic trade ties with China ISLAMABAD, Nov 24: Minister for Commerce, Industries and Production, Abdul Razak Dawood, has urged strategic trade partnership between Pakistan and China, particularly in the textile sector.... Hubco dividend approval stirs active short-covering KARACHI, Nov 24: Stocks on Saturday shrugged off the previous hesitancy as reports of approval of the Hubco’s 22 per cent final dividend by its foreign lenders triggered active short-covering in... NWFP achieves 19pc abiana target PESHAWAR, Nov 24: The NWFP government has raised over Rs50m as abiana (water rate) during the first four months of the current financial year achieving hardly 19 per cent of the... 10 EoIs received for 49pc ABL shares ISLAMABAD, Nov 24: The Privatization Commission has received 10 Expressions of Interest (EoIs) for the disinvestment of remaining 49 per cent shares in the Allied Bank of Pakistan (ABL), but the... Sri Lanka waives import duty on rice KARACHI, Nov 24: Sri Lanka has temporarily waived import duty on rice and issued licenses for import of 33,000 tons of Irri-6 rice having a shipment schedule up to Dec 10,... Official US recession arbiter holds conference call WASHINGTON, Nov 24: A committee that designates the official dates of recessions in the United States debated on Friday whether the world’s largest economy has slid into one, but their determination... ‘China needs stock index futures after WTO entry’ SHANGHAI, Nov 24: A senior Chinese securities market regulator said China has a greater need for stock index futures after the country joins the World Trade Organization, the official Shanghai Securities... Dollar firm as sterling remains weak NEW YORK, Nov 24: The dollar held firm against the other major currencies as sterling weakened after comments by British Prime Minister Tony Blair on Britain’s ties to the European Union.... Khelil urges non-Opec members to cut output ALGIERS, Nov 24: Opec President Chakib Khelil on Saturday urged oil-producing countries outside the cartel to agree a bigger cut in output to stabilise tumbling crude prices.... Oil prices hit a two-and-a-half-year low below $17 a barrel LONDON, Nov 24: Oil prices bobbed around in choppy trading this week as world crude producers played a game of output poker, with market shares at stake.... Prudential regulations being revised KARACHI, Nov 24: The prudential regulations are being revised and procedures are being simplified to promote consumer banking.... US customs holds up $10m textile exports: Overshipments FAISALABAD, Nov 24: Textile exports worth $10 million are stuck up in America because of the US Customs refusal to accept ‘overshipments’ allowed by Pakistan authorities.... Sluggish conditions on cotton market KARACHI, Nov 24: Quieter conditions prevailed on the cotton market on Saturday as both, buyers and sellers locked in a war of wits, kept to the sidelines but it appears to... Kinnoo export KARACHI, Nov 24: The export of kinnoo is likely to increase by 15 to 20 per cent during the current season as the demand for Pakistani mandarin is higher this year... ECB may cut rates FRANKFURT, Nov 24: Bank of France Governor and European Central Bank council member Jean-Claude Trichet said in an interview with a German newspaper on Saturday the ECB may cut interest rates... Karachi Port operations KARACHI, Nov 24: Six ships carrying fertilizer, crude oil and containers are due to arrive at the outer anchorage on Sunday, according to KPT sources.... STDC Board KARACHI, Nov 24: Governor Mohammedmian Soomro on Saturday reconstituted the Board of Directors of Sindh Tourism and Development Corporation (STDC)....

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