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November 28, 2001 Wednesday Ramazan 12, 1422 Tariff structure for 5 years planned: Proposals sought ISLAMABAD, Nov 27: The federal government on Tuesday directed the tariff sub-committees to submit their final recommendations on tariff rationalization latest by January 31 so that a comprehensive trade policy could... Imports under ATT slow down KARACHI, Nov 27: Imports of goods under Afghan Transit Trade (ATT) have started tapering off as lesser number of bill of entries with much reduced volume and value of goods are... Exceptional financing falls in 1st quarter KARACHI, Nov 27: Pakistan had to seek a much smaller amount of exceptional financing in the first quarter of this fiscal year compared to last fiscal — as a result of... IT rules to be revised ISLAMABAD, Nov 27: The Central Board of Revenue (CBR) has decided to revise the existing income tax rules to make it easily understandable for the common taxpayers.... Hubco, PTCL lead stock market rally KARACHI, Nov 27: Stocks on Tuesday maintained an uppish leaning, as leading shares came in for strong support at the lower levels and evoked good sympathetic buying on the other counters.... IMF bankruptcy protection plan WASHINGTON, Nov 27: The International Monetary Fund on Monday unveiled groundbreaking plans to develop an international system to allow troubled countries to file for bankruptcy protection when their debts become unsustainable.... Shaukat sees $2bn revenue loss ISLAMABAD, Nov 27: Minister for Finance Shaukat Aziz on Tuesday said that Pakistan was expected to suffer a revenue loss of over $2 billion as a result of decreased exports, reduced... Engro issues 1st listed TFCs KARACHI, Nov 27: The subscription list to the Term Finance Certificates (TFCs) of Engro Chemical Pakistan closed at the Karachi Stock Exchange on Tuesday; the offer of Rs500 million in TFCs... Asian stock markets mixed on profit-taking TOKYO, Nov 27: Asian stocks were mixed on Tuesday with key regional markets in Tokyo and Hong Kong succumbing to profit-taking after recent sharp gains.... US, Russia launch Caspian pipeline MOSCOW, Nov 27: US, Russian and Gulf state oil executives and ministers attended the ceremonial opening on Tuesday of a new oil pipeline that could supply one million tons of oil... Malaysian palm oil ends lower KUALA LUMPUR, Nov 27: Malaysian crude palm oil futures ended mostly lower on Tuesday, but with benchmark February rebounding on technicals and talk the government has selected firms to be allowed... British economy to escape recession LONDON, Nov 27: Britain’s economy will escape a recession despite slower economic growth in coming quarters, leading members of the Bank of England’s Monetary Policy Committee said on Tuesday.... Riyadh achieves surplus in budget RIYADH, Nov 27: For the first time in 19 years, since 1982, Saudi Arabia has announced a surplus in the national budget for the year 2000, the Saudi Arabian Monetary Agency... Spinners resume cotton buying KARACHI, Nov 27: Cotton market on Tuesday burst into activity as spinners resumed their buying operations after breaking their self-imposed restrictions to outwit ginners but there was no gainer or losers... FTO wants income assessment based on evidence ISLAMABAD, Nov 27: Federal Tax Ombudsman (FTO) Justice (Retd) Saleem Akhtar has directed the Central Board of Revenue that income assessment of an assessee should be based on cogent evidences.... Rebuilding Afghan economy a huge task PARIS, Nov 27: Afghanistan’s economy needs to be totally rebuilt after 20 years of war, starting with the education system, the road network and the airports, and persuading educated Afghans to... UK shares down by 0.7pc LONDON, Nov 27: Britain’s FTSE-100 index of leading shares fell 0.7 per cent on Tuesday, slipping in the afternoon as weaker-than-expected US November consumer confidence data sparked big falls in Wall... Oil price climbs LONDON, Nov 27: IPE Brent crude futures climbed on Tuesday after Norway said it hoped that Russia would announce big crude production cuts for 2002, dealers said.... Committee set up to establish AEPZ KARACHI, Nov 27: A committee has been set up to finalize the matters concerning the establishment of proposed Agriculture Export Processing Zone in Karachi.... Opec threatens output hike ALGIERS, Nov 27: Opec President Chakib Khelil said on Tuesday the oil cartel could hike output to exert pressure on rival exporters, if they fail to agree joint action to curb...

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