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| December 27, 2001 | Thursday | Shawwal 11, 1422 |
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NFC award not likely this year
KARACHI, Dec 26: Neither the National Finance Commission nor the Provincial Finance Commission of Sindh is coming out with any award of resource distribution between the federation and the provinces and... 
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SBP making changes in forex system
KARACHI, Dec 26: The State Bank of Pakistan (SBP) is making necessary changes in the foreign exchange system for the benefit of exporters. SBP Governor Dr Ishrat Hussain announced on Wednesday...
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Govt plans 16 more zero duty items export: Central Asia, Afghanistan
ISLAMABAD, Dec 26: The government has decided zero-rated export of about 16 more items to Central Asian Republics (CARs) and Afghanistan via land route, an official source told Dawn on Wednesday....
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SBP keeps banks liquid ahead of year-end: Rupee gains
KARACHI, Dec 26: The State Bank on Wednesday left much of excess liquidity in the inter-bank market to help banks finance the year-end withdrawals....
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No decision yet on revision of revenue target
ISLAMABAD, Dec 26: A high level meeting was informed here on Wednesday that the Central Board of Revenue (CBR) may have to further revise downward its annual revenue collection targets due...
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Wapda, KESC benefit from book adjustments: Energy sector circular debt
ISLAMABAD, Dec 26: In a series of book adjustments, the government has waived around Rs25 billion worth of interest and financial charges against almost all the public sector energy firms but...
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Habib Allied International Bank set up in UK
KARACHI, Dec 26: State-run Habib Bank and partly privatized Allied Bank have set up Habib Allied International Bank that would take over their business in the UK from January 1, 2002....
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ATT import value fell by 99.95pc in Nov
ISLAMABAD, Dec 26: The import value of Afghan Transit Trade (ATT) fell by 99.95 per cent to Rs0.367 million in November against Rs846.799 million during the same month last year....
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Stocks resist fresh decline amid active trading
KARACHI, Dec 26: Stocks on Wednesday resisted fresh decline as mid-session strong covering purchases in pivotals allowed the market to finish on a mixed note amid a moderately active trading. The...
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Koehler hails euro
WASHINGTON, Dec 26: International Monetary Fund Managing Director Horst Koehler on Wednesday welcomed the January 1 introduction of euro notes and coins, but said there are still challenges ahead for European...
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Swelling forex reserves and IMF conditionalities
KARACHI, Dec 26: It may be difficult to disagree with the majority, if not all of the IMF objectives, but the problem arises with the speed, sequence and priority of the...
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Hydel power project at AJK
MUZAFFARABAD, Dec 26: A private sector company would initiate work on a 79-megawatt hydel power project in Azad Kashmir sometime in the middle of next year as Wapda has signed the...
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Pakistan to expand trade network in China: Incentives for investors
BEIJING, Dec 26: Pakistan will expand its commercial network in China to explore new avenues of cooperation for enhancing trade relations between the two countries, said Finance Minister Shaukat Aziz....
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Molasses exporters seek ST exemption
KARACHI, Dec 26: Exporters have urged the government to exempt molasses exports from sales tax as bulk of the produce is exported....
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Cotton market remains lifeless
KARACHI, Dec 26: Trading on the cotton market on Wednesday resumed on a dull note as spinners kept to the sidelines because of year-end considerations....
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Karachi Port operations
KARACHI, Dec 26: Two ships carrying chemicals and containers are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Indian markets fall
MUMBAI, Dec 26: Indian financial markets weakened on Wednesday amid growing fears that a war of words and cross-border skirmishes with Pakistan could escalate into war....
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Wheat export to Iraq
KARACHI, Dec 26: Pakistan will hold talks with Iraq next week in a bid to save a 64,000-ton wheat export deal, a Commerce Ministry official said on Wednesday....
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Salim elected as KSE chief
Karachi, Dec 26: Salim Chamdia was elected chairman of the Karachi Stock Exchange in annual elections held on Wednesday at KSE building....
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BD hikes POL prices
DHAKA, Dec 26: Bangladesh on Wednesday announced an increase of between 10 to 20 per cent in the prices of all petroleum products....
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