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December 4, 2001 Tuesday Ramazan 18, 1422 Pakistan for equitable economic order: UNIDO moot opens ISLAMABAD, Dec 3: Pakistan on Monday expressed the hope that the new millennium would see a phenomenal industrial growth in the developing countries resulting in bridging the huge gulf of economic... Three companies to be pre-qualified on 8th: UBL shares ISLAMABAD, Dec 3: Three international companies will be pre-qualified on December 8 to disinvest 51 per cent shares of the United Bank Ltd (UBL) along with transfer of management in the... Exporter refunds stuck up: 450 suppliers untraceable LAHORE, Dec 3: Export refunds of many exporters are being held back by the sales tax administration in Lahore on the excuse that their suppliers (registered under the law) have gone... CBR seeks DGIA help: Over, under-reporting ISLAMABAD, Dec 3: The Central Board of Revenue has sought help of the Director General Inspection and Audit (DGIA) to identify cases of over-reporting and under-reporting, said member, direct taxes and... Asia needs body to unify its markets HONG KONG, Dec 3: Asia needs a body to unify its financial markets before it can become the third major global market zone behind the United States and Europe, Hong Kong’s... Rice export declines by 4.21pc in 5 months KARACHI, Dec 3: Pakistan’s rice export has declined by 4.21 per cent to 550,428 tons during the first five months of the current fiscal year.... Index up by 10.56 points on active short-covering KARACHI, Dec 3: Shares on Monday turned in relatively better performance under the lead of blue chips followed by active short-covering at the lower levels but the market lacked any special... Oil price jumps after Israeli attack on Gaza LONDON, Dec 3: Crude prices shot up on Monday after Israel launched an attack on the heliport of Palestinian leader Yasser Arafat in Gaza City, leaving the oil market nervous of... China warms up for setting fire to corn prices SINGAPORE, Dec 3: Did China really agree to cancel export sales of corn totalling some one million tons as one of the country’s two authorised exporters said?... Lamy sees European insurers happy with WTO deal SHANGHAI, Dec 3: European insurance companies believe they will be able to compete on an equal footing with other foreign insurance companies after China’s entry into the World Trade Organisation, EU... Dollar range bound against major currencies TOKYO, Dec 3: The dollar was rangebound against major currencies in Tokyo on Monday after the release of weak economic indicators in the United States, brokers said.... Asian stock markets mixed TOKYO, Dec 3: Asian share prices were mixed on Monday with the Tokyo and Hong Kong markets lower on worries about the collapse of Enron and the US economy.... China Telecom steps up foray into mobile market BEIJING, Dec 3: China Telecom stepped further into the territory of China’s two mobile carriers this year by offering a local wireless service in a prosperous city using the CDMA cellular... Cotton market remains firm KARACHI, Dec 3: Trading on cotton market on Monday resumed on a firm note as spinners remained active buyers for any number of lots below or around Rs2,100 per maund.... US manufacturing sector remains in recession NEW YORK, Dec 3: The nation’s manufacturing sector continued to contract in November for the 16th straight month, though not as much as expected, raising the prospect it is finally poised... Saudi Arabia, Lebanon plan duty-free zone BEIRUT, Dec 3: Lebanese prime minister Rafik Hariri announced recently that Lebanon and Saudi Arabia plan to set up a joint duty-free zone to strengthen economic ties between the two countries.... Japan auto sales drop in November TOKYO, Dec 3: The downturn in Japanese vehicle demand accelerated in November, with year-on-year sales falling for the third straight month as Japan’s economic gloom deepened, industry data showed on Monday.... US investors to raise investment in Bangladesh DHAKA, Dec 3: The US investors are keenly interested to raise their trade activities and investment in Bangladesh since the country’s prospects in these fields are very bright.... China to boost trade ties with India NEW DELHI, Dec 3: Chinese and Indian industrialists are looking to expand their fledgling two billion-dollar two-way trade through cooperation in a number of sectors including information technology, a senior Chinese... Japan loses vocal deregulation supporter in Enron TOKYO, Dec 3: Japan’s Trade Ministry has lost a vocal ally in its effort to deregulate Japan’s power market with the disintegration of US energy trader Enron Corp, but the ministry...

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