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January 1, 2002 Tuesday Shawwal 16, 1422 Govt mulls action against footwear dumping KARACHI, Dec 31: The government has taken notice of China’s dumping of footwear in Pakistan and intends to take anti-dumping measures, the federal commerce minister Abdul Razak Dawood announced on Monday.... Saudi-Pak okays Rs1.3bn financing to 27 firms ISLAMABAD, Dec 31: The Board of Directors of Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited has approved a new Rs1.3 billion financing to 27 companies.... India to suffer $200m trade loss ISLAMABAD, Dec 31: India will suffer a net loss of over $200 million annually in overall trade with Pakistan as a result of suspension of air, train and bus links between... List for export to Afghanistan being prepared ISLAMABAD, Dec 31: The government has decided to prepare a negative list to allow free trade to Afghanistan and Central Asian Republics (CARs) via a land route, a senior official told... Scheme to regularize company affairs KARACHI, Dec 31: The chairman Securities and Exchange Commission of Pakistan (SECP), Khalid Mirza announced a “Companies Regularisation Scheme” at a press briefing on Monday.... CBR nets Rs165bn in first half ISLAMABAD, Dec 31: The Central Board of Revenue (CBR) has provisionally collected Rs165.06 billion during the first six months of the current financial year against Rs181.38 billion it netted during the... Rupee stable against dollar KARACHI, Dec 31: The rupee on Monday stayed firm against the dollar as demand from the leading importers for the US currency remained relatively slow owing to fears of war.... ECB lives up to mandate BRUSSELS, Dec 31: The European Central Bank has lived up to its mandate and proved committed to keeping prices stable, International Monetary Fund Managing Director Horst Koehler said in a televised... Security Leasing TFC KARACHI, Dec 31: The Term Finance Certificate issue of Security Leasing Corporation Limited, advised and arranged by UBL, has been oversubscribed, according to the initial subscription figures received from the banks.... Parco declares dividend KARACHI, Dec 31: The board of directors of Pak Arab Refinery Limited (Parco) on Monday announced a cash dividend of 34 per cent for the year 2000-01 together with the issue... Last trading session of 2001 ends on improved note KARACHI, Dec 31: Leading shares came in for stray covering purchases on the Karachi Stock Exchange on Monday and ended fractionally recovered but the buying support lacked aggressiveness associated with a... Insipid Session on cotton market KARACHI, Dec 31: Trading on the cotton market on Monday resumed on a dull note as spinners remained conspicuous by their absence throughout the session owing partly to year-end considerations.... Over 144bn euros ready for circulation BRUSSELS, Dec 31: More than 144 billion euros ($127.8 billion) in banknotes and coins are ready to go into public circulation on Tuesday, the European Commission said Monday, hours ahead of... Expats keen to invest in SEPZ SIALKOT, Dec 31: Sialkot Chamber of Commerce and Industries Daud Ahmad president Chattah said on Monday the Sialkot chamber had taken various measures for attracting overseas Pakistanis to invest in the... Karachi Port operations KARACHI, Dec 31: Six ships carrying containers, chemicals and crude oil are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... GHL to have new chief soon ISLAMABAD, Dec 31: Shahid Ahmad, former director general petroleum concessions, is expected to take over soon as chairman of Government Holdings Limited (GHL), official source told Dawn.... Asian share markets mixed HONG KONG, Dec 31: Asian shares were mixed Monday in mostly subdued trade ahead of the New Year break.... Procurement rates for cotton KARACHI, Dec 31: The Trading Corporation of Pakistan has fixed new rates for the procurement rates for grade box II contamination-free or low contamination cotton from Rahimyar Khan district.... Customs union MUSCAT, Dec 31: Saudi Arabia and its five Gulf Arab allies agreed on Monday to expedite the implementation of a customs union by two years to 2003, paving the way for... SROs date KARACHI, Dec 31: The Karachi Chamber of Commerce and Industry on Monday urged the government that the date of various SROs, expiring now, be extended up to June 30, 2002 to...

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