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December 5, 2001 Wednesday Ramazan 19, 1422 Major units sell-off plan shelved ISLAMABAD, Dec 4: The Privatization Commission has decided not to disinvest major state sector units in their present shape to avoid complications and huge losses.... $54.77m paid as WRP in two months KARACHI, Dec 4: In a short period of two months, the country had to pay a huge amount of approximately $54.77 million as War Risk Premium (WRP) imposed by the foreign... ADB to develop Sialkot SMEs SIALKOT, Dec 4: The Asian Development Bank will design a comprehensive programme in active collaboration with Smeda to develop the small and medium enterprises (SMEs) of Sialkot.... Millat Tractors acquires Rex Barren KARACHI, Dec 4: Millat Tractors Limited, the producers of Massey Ferguson brand of tractors, have acquired the assets of Rex Barren Batteries Limited for Rs13.55m, by making the highest bid at... Customs port at Sost notified ISLAMABAD, Dec 4: The Central Board of Revenue has notified establishment of customs port at Sost, situated at Pakistan-China boarder, for the clearance of goods imported or to be exported. The... Oil prices top $20 a barrel on Mideast violence LONDON, Dec 4: Oil prices rode above $20 a barrel here on Tuesday for the first time for almost three weeks as violence escalated in the Middle East.... 6.311m bales reach ginneries KARACHI, Dec 4: More than 6.311m cotton bales arrived at the ginning factories till December 1.... PARCO Floats Rs2.5bn TFCs KARACHI, Dec 4: Pak-Arab Refinery Limited (PARCO) has floated its first public issue of term finance certificates worth Rs2.5 billion.... Leading investors keep to sidelines on KSE KARACHI, Dec 4: Trading on the stock market on Tuesday remained sluggish as leading investors kept to the sidelines apparently awaiting some fresh positive developments on the financial front including dividend... Bank of England set to hold rates at 4 per cent LONDON, Dec 4: The Bank of England began its usual monthly interest rate deliberations on Tuesday, and was widely expected to leave borrowing costs at 4.0 per cent, after a deep... Lamy calls for patience after China WTO entry BEIJING, Dec 4: The European Union’s top trade official said on Tuesday China’s WTO membership should not produce a stampede to the global body to resolve an expected rash of “frustrations... Dollar edges higher against yen in Tokyo TOKYO, Dec 4: The dollar inched up against the yen on Tuesday as dollar-buying sentiment remained strong after tensions mounted in the Middle East, dealers said.... New York cotton futures lower NEW YORK, Dec 4: NY cotton futures finished sharply lower on Monday on speculative sales and long liquidation as the market corrected after ending last Friday near a three-month high.... BD garment firm lobbies US for duty-free access DHAKA, Dec 4: Bangladesh’s struggling garment industry has established a lobby in Washington to push for duty- and quota-free access for exports to its largest market the United States, industry leaders... Asian stocks mostly higher as investors look for bargains TOKYO, Dec 4: Share prices on most Asian stock exchanges moved higher on Tuesday as investors went bargain hunting.... UK’s Standard Life reaps record new business LONDON, Dec 4: Standard Life, Europe’s largest mutual life assurer, on Tuesday reported record annual new business, driven by strong life and pensions sales in Britain, but said it was unlikely... Exports to be hit by global slump and falling prices KARACHI, Dec 4: The target to boost exports by 10 per cent per annum over the medium term appears remote, following global slump in demand, falling prices, lost supply orders and... Spinners make panic buying KARACHI, Dec 4: Cotton market on Tuesday hummed with activity as spinners made panic buying and lifted about 0.100 million bales after the reported infighting among the big groups’ pool put... Wooden furniture export on rise KARACHI, Dec 4: The exports of wooden furniture had jumped by more than 119.5 per cent during the last four years, rising from a modest $1.89 million during 1996-97 to $4.15... Cotton sowing Balochistan achieves 97pc target ISLAMABAD, Dec 4: The cotton production in Balochistan showed remarkable progress as 100,000 bales of cotton have been produced during the current season, Federal Minister for Food and Agriculture Khair Muhammad...

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