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December 2, 2001 Sunday Ramazan 16, 1422 China to support in oil, gas exploration BEIJING, Dec 1: The Chinese government has assured its all possible support to Pakistan for development of oil, gas and coal resources, said Minister for Petroleum and Natural Resources Usman Aminuddin.... Cut in drawback rates frozen ISLAMABAD, Dec 1: The government has postponed till July 1, 2002 further reduction in duty drawback rates to facilitate exporters who were faced with economic crunch due to new emerging realities... SBP criteria for setting up Islamic bank KARACHI, Dec 1: The State Bank on Saturday announced the criteria for setting up Islamic commercial banks by the private sector that requires such banks to be listed on the stock... Vegetable, poultry prices on the rise KARACHI, Dec 1: Consumers have been hit by price flare-up in some vegetables and poultry products on rising demand in Ramazan.... Stocks finish with extended losses KARACHI, Dec 1: Stocks on Saturday finished with an extended losses on the blue chip counters, as investors were not inclined to take new positions awaiting some fresh positive news. The... Oil rebounds, gold, silver gain, PGMs firmer LONDON, Nov 30: Oil prices regained some of their value this week amid concern that Iraq could be the next target in the US-led war on terrorism — a move that... Russia to decide Q1 oil output this month TOKYO, Dec 1: Russian Deputy Prime Minister Viktor Khristenko reiterated on Saturday that the world’s second largest crude oil exporter would make a decision on next year’s first quarter output around... ADB, IMF to hold poverty moot on 4th MANILA, Dec 1: The Asian Development Bank (ADB), the International Monetary Fund (IMF), the World Bank and the UN Development Programme (UNDP) are to hold a regional conference on poverty reduction... Indian exports fall by 2.88pc NEW DELHI, Dec 1: India’s merchandise exports fell 7.39 per cent in October and 2.88 per cent in April-October of 2001-02, and analysts said the downward trend was expected to continue... Malaysia unemployment rises KUALA LUMPUR, Dec 1: The worsening world economy and the September 11 attacks on the US have caused tens of thousands of workers to lose their jobs in Malaysia, Deputy Prime... NY cotton futures higher NEW YORK, Dec 1: NYCE cotton futures on Friday closed near a three-month peak on all-around buying in see-saw business as the market extended its surge after tumbling just last month... Dhaka stocks end steady DHAKA, Dec 1: Shares on the the Dhaka Stock Exchange (DSE) ended steady on Saturday after a brief rally in banking stocks, brokers said.... US economy hits 10-year low LOS ANGELES, Dec 1: The US economy shrank more than previously estimated in the third quarter, recording its biggest contraction in a decade amid sinking corporate profits and dwindling business inventories.... Fauji business machine: CORPORATE FOCUS KARACHI, Dec 1: The Fauji Foundation, the Army Welfare Trust, the Bahria and Shaheen foundations, together, constitute the country’s largest industrial and trading complex. No private sector group can match their... WorldCALL Payphones: CORPORATE PROFILE KARACHI, Dec 1: Twenty-four days after the group floated Initial Public Offering (IPO) of Rs132 in the WorldCALL Multimedia Limited, the subscription figures remain unannounced. Market folklore suggests that there has... Customs duty, ST collection improves PESHAWAR, Dec 1: The customs collectorate, Peshawar, recorded a total revenue of Rs2.1bn during the first five months of the current financial year under the heads of customs duty and sales... Spinners dominate cotton market KARACHI, Dec 1: Cotton market remained in the tight grip of spinners as leading among them were not inclined to take even a technical breather and lifted all the lots offered... Wood products worth Rs8.5bn imported ISLAMABAD, Dec 1: Pakistan imported wood and wood products worth Rs8,499.3 million during 1999-2000 due to the high rates of deforestation, a Pakistan Institute of Development Economics (PIDE) study revealed.... Debt regime posts decline by Rs19.7bn ISLAMABAD, Dec 1: Pakistan debt regime has posted an impressive decline worth Rs19.7 billion in fiscal 2000-2001 for the first time against 1999-2000.... Economic forum moot shifted to New York WASHINGTON, Dec 1: The World Economic Forum will be meeting in New York next year and not Davos as in the past from January 31 to February 4....

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