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| December 23, 2001 | Sunday | Shawwal 7, 1422 |
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Industrialization slows down in Sindh
KARACHI, Dec 22: A process of de-industrialization has set in in Sindh for the last two years, which has shrunk the services sector, eroded revenue generation capacity and pushed up unemployment... 
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Gas supply from Miano delayed till February
KARACHI, Dec 22: The gas supply from Miano to the distribution system of Sui Southern Gas Company (SSGC) has been delayed for the second time as some foreign operators of the...
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M.F.M.Y Industries to buyback at Rs11.50
KARACHI, Dec 22: The board of directors of M.F.M.Y Industries has decided to buyback shares from the minority shareholders at the rate of Rs.11.50 per share, leading to its subsequent delisting...
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5pc more NBP shares to be off-loaded
ISLAMABAD, Dec 22: The government has decided to offer an additional 5 per cent government shares in the National Bank of Pakistan (NBP) to accommodate applications for a total of 37.3...
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Afghani plunges to new low
 PESHAWAR, Dec 22: The ‘afghani’ plunged to new low in its exchange value against Pakistani rupee on Saturday....
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SBP on high alert to defend rupee
KARACHI, Dec 22: As tension mounts up on Pakistan-India border the State Bank has heightened its watch on exchange rates fearing that the rupee might come under attack....
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Govt plans 15pc GST on fertilizers: Retail, wholesale stage
ISLAMABAD, Dec 22: The government is considering to levy 15 per cent General Sales Tax (GST) on all kinds of fertilizer at wholesale and retail stage shortly, a senior official told...
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Trade team
KARACHI, Dec 22: Minister of State and Chairman Export Promotion Bureau (EPB), Tariq Ikram, is leading a 26-member trade delegation to China to participate in the conference on promotion of trade...
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3 Chinese firms to invest in oil, gas
BEIJING, Dec 22: Heads of three Chinese Petroleum Companies met President General Pervez Musharraf here on Saturday morning and expressed their willingness to invest in Pakistan for undertaking oil and gas...
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Hubco AGM okays final dividend
KARACHI, Dec 22: The annual general meeting of Hub Power Company (Hubco) has approved the recommendation of 22 per cent final dividend by the board of directors for the year 2000-01....
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Investment environment improves, but hurdles persist
KARACHI, Dec 22: The enabling environment for investment has improved but irritants are still lingering on....
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US economy pulls itself out of recession
WASHINGTON, Dec 22: As a massive stimulus measure to help spur recovery from recession and the September 11, attacks appeared dead in Congress, economists are now debating whether the struggling US...
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Oil higher as supply cut looms, but gains guarded
NEW YORK, Dec 22: US oil prices were higher on Friday as Opec was expected to cut supplies by Jan 1 to combat slumping demand and a slowing global economy....
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NY cotton ends quietly firmer
NEW YORK, Dec 22: NY cotton futures ended on Friday with slight gains mainly from local shortcovering in quiet dealings in front of the long Christmas break....
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US wheat trade ponders mystery ‘sale’ to China
CHICAGO, Dec 22: Did China buy a large quantity of wheat this week, or was the price rally in futures at the Chicago Board of Trade and cash markets fueled by...
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Swiss stick to franc ahead of euro’s arrival
GENEVA, Dec 22: Switzerland’s emotional bond to the Swiss franc will keep the euro at bay despite being surrounded by nations that start using the single European currency on January 1....
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Wall Street stock closes higher
NEW YORK, Dec 22: Stocks are poised to wrap up next week on a bright note as investors do a bit of last-minute shopping to spruce up their portfolios ahead of...
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US trade envoy sees busy trade agenda in 2002
WASHINGTON, Dec 22: With two major trade successes under his belt including a nailbiter in the House of Representatives US Trade Representative Robert Zoellick is planning an ambitious agenda for 2002,...
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China, Japan deal to end trade row
BEIJING, Dec 22: China and Japan agreed a last ditch deal to end a damaging eight-month trade row on Friday, heading off the imminent extension of temporary restrictions, China’s foreign trade...
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Microsoft asks for four-month delay in antitrust case with states
WASHINGTON, Dec 22: Microsoft asked a court on Friday for a four-month delay in proceedings with the states that have rejected its antitrust settlement with the US government as not tough...
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