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| December 29, 2001 | Saturday | Shawwal 13, 1422 |
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Sindh objects to Centre’s formula: Octroi, zila tax
KARACHI, Dec 28: The Sindh government has raised serious objections on the method and the amount of compensatory grant in lieu of octroi and zila tax (OZT) being given by the... 
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Situation ideal for investment: Musharraf
ISLAMABAD, Dec 28: President General Pervez Musharraf has asked the investors and business community to take full advantage of the prevailing situation and the most conducive environment for investment in Pakistan...
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Profits fall sharply in 2001: Captive Power Plants
KARACHI, Dec 28: Captive Power Plants (CPPs) experienced a particularly bad financial year 2001, as oil prices shot up, inflating the cost of production without corresponding increase in electricity tariffs, says...
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FTSE 100 up
LONDON, Dec 28: Britain’s FTSE 100 stock index rose for the fourth consecutive session to a three-week closing high on Saturday as an Opec move to cut output lifted oil shares...
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Opec cuts output by 1.5m bpd for six months
CAIRO, Dec 28: Opec on Saturday to cut its production by 1.5 million barrels per day (bpd) for six months starting in January, after its non-cartel rivals pledged to reduced their...
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Gas billing on heating value from Jan 2002: SSGC declares dividend
KARACHI, Dec 28: Sui Southern Gas Company Limited (SSGCL) has finalized arrangements to start billing its consumers from January 2002 based on the heating content instead of volume....
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China to offer free services to foreign investors
BEIJING, Dec 28: Pakistani investors may take the benefit of the free services to establish their companies in the Chinese capital, either for individual business or to undertake joint ventures, said...
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US grants PNTR status to China
CRAWFORD, Texas, Dec 28: US President George W. Bush on Thursday signed a proclamation formally granting permanent normal trade relations (PNTR) to China, effective January 1, 2002, the White House announced....
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DTRE scheme fails to attract exporters
LAHORE, Dec 28: Less than 20 exporters from across the country are said to have opted for the Duty and Tax Remission for Export scheme launched by the government from July...
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Trade team to visit Japan, Korea
KARACHI, Dec 28: The Export Promotion Bureau will send a trade delegation of carpet exporters to Japan and South Korea in the last week of January....
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Stock market trims losses at weekend session
KARACHI, Dec 28: Stocks finished the weekend session well above the initial lows as a late burst of short-covering at the lower levels drove bears out of the market but the...
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Wall Street’s year under the shadow of WTC
NEW YORK, Dec 28: US stock markets will mark their second year of consecutive losses at the close of 2001, battered by the economic slowdown and the September 11, attacks on...
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Japan jobless rate hits 5.5pc in November
TOKYO, Dec 28: Japan’s year looked to be closing on a depressing note on Saturday as new unemployment figures showed a record high of 5.5 per cent reached in November, with...
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Yen moves narrowly range against dollar
TOKYO, Dec 28: The yen moved in a narrow range against the dollar in Tokyo on Saturday due to a sharp decline in liquidity on the last trading day here for...
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Global slump may affect Chinese exports in 2002
BEIJING, Dec 28: China’s foreign trade minister sounded the alarm bells over exports next year, warning the global slump could pose a bigger threat than the Asian financial crisis, state media...
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New York cotton ends easier
NEW YORK, Dec 28: NY cotton futures finished with fractional losses on Thursday in a featureless session, with operators expecting only minor booksquaring on the last trading day of the year...
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Asian stocks markets stronger
TOKYO, Dec 28: Asian stocks ended what was this year’s last day of trade for many of the region’s markets on a high note on Saturday....
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Malaysian palm oil closes firmer
KUALA LUMPUR, Dec 28: Malaysian crude palm oil futures ended higher in thin volume with players adjusting to screen-based trading as the CPO exchange ended 21 years of open outcry on...
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Text of Opec communiqué
CAIRO, Dec 28: Following is the full text of Opec’s communique issued after its Saturday conference in Cairo....
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Turkish markets rise
ISTANBUL, Dec 28: Turkish stocks and bonds rose on Saturday while the lira traded narrowly as optimism for crisis-hit banks and international support for Turkey’s economic programme bolstered investor confidence, brokers...
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