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December 25, 2001 Tuesday Shawwal 9, 1422 Inter-State Gas Systems revived KARACHI, Dec 24: The government has revived and activated the Inter-State Gas Systems Limited (ISGSL) to handle Pakistan’s long term energy requirement in the gas sector through import of gas.... FDI records 58pc rise in July-Nov ISLAMABAD, Dec 24: Foreign Direct investment (FDI) has recorded 58 per cent increase to $161.60 million in July-November 2001 against $102.40 million during the corresponding period last year.... Rupee stable on importers’ calmness KARACHI, Dec 24: The mounting tension in the areas bordering Pakistan and India has so far not rung alarm bells in importers community: it is business as usual for most of... IAP talks remain inconclusive: Reinsurance pool KARACHI, Dec 24: A meeting of the Central Committee of the Insurance Association of Pakistan (IAP) on Monday discussed the issue of the proposed Rs750 million reinsurance pool but failed to... Metropolitan Life to declare dividend KARACHI, Dec 24: The Metropolitan Life Assurance Company of Pakistan Limited — the smallest of the four life insurance companies in the private sector — is to be the first in... NCSS goes into operation LAHORE, Dec 24: All the three stock exchanges of the country got on the National Clearing & Settlement System on Monday.... 2 leasing companies licence cancelled ISLAMABAD, Dec 24: The Securities and Exchange Commission of Pakistan (SECP) has cancelled the licence of two leasing companies for their inability to raise paid-up capital to Rs200 million as required... White sugar output down by 48pc KARACHI, Dec 24: A drastic fall of 48 per cent in white refined sugar production has been recorded since the start of new crushing season from the second week of last... Trade offices BEIJING, Dec 24: Pakistan has decided to open its commercial offices in Shanghai and Ghougdon, the two major business centres, to further promote inter-actions among the business community of the two... KSE escapes collapse thanks to circuit breaker KARACHI, Dec 24: The fears of war with India on Monday halted the last week’s upward drive amid panic selling but the presence of circuit breaker forestalled the market’s possible collapse... UAE and Qatar launch major gas project DOHA, Dec 24: The United Arab Emirates and Qatar on Sunday signed an agreement kicking off a major regional gas project aimed at supplying the UAE with Qatari gas.... Euro reach extends well beyond Europe PARIS, Dec 24: Despite its name and its origins, the euro on January 1, will also find its way into the hands and pockets of consumers living in places that have... Russian industry output up 5.2pc in 2001: Putin MOSCOW, Dec 24: The year 2001 was successful for the Russian economy which expanded more than expected and living standards improved, President Vladimir Putin said on Monday.... Dollar steady against yen SINGAPORE, Dec 24: The dollar held steady against the yen in Singapore late on Monday in quiet pre-Christmas trading, dealers said.... Turkish cotton imports up ANKARA, Dec 24: Agriculture Minister Husnu Yusuf Gokalp said on Monday textile exporter Turkey’s annual cotton imports this year exceeded last year’s 400,000 tons.... IPE Brent crude closes lower LONDON, Dec 24: IPE Brent crude futures were hit by late profit taking into the close to end a shortened on Monday session slight softer, but sentiment remained largely positive.... Malaysian palm oil ends firm KUALA LUMPUR, Dec 24: Malaysian palm oil futures held ground after an overnight rise in Chicago soyaoil futures but trade was almost nil ahead of the Christmas holiday.... BD imposes tariffs DHAKA, Dec 24: Bangladesh imposed import duties Monday on more than 30 items to boost foreign exchange reserves and protect local industries, officials said.... Kuwait postpones power bids KUWAIT, Dec 24: Kuwait has postponed to January 2, the closing date for bids to build up to eight gas turbines as the first step of a major plan worth some... 3rd revision in revenue target sought ISLAMABAD, Dec 24: The government is considering to revise downward third time the annual tax collection target from Rs430 billion for the current fiscal, a senior official in the finance ministry...

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