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January 16, 2002 Wednesday Ziqa’ad 1, 1422 Shaukat asks banks to cut lending rates KARACHI, Jan 15: The Federal Finance Minister, Shaukat Aziz on Tuesday gave a ‘wake up call’ to all the banks in Pakistan urging them to cut down further on their interest... SMEs key drivers of growth KARACHI, Jan 15: The federal finance minister, Shaukat Aziz on Tuesday urged banks to re-design their products to cater to the growing demands of small and medium enterprises in the country.... Customs posts at Afghan border planned ISLAMABAD, Jan 15: The government is considering to set up customs posts at Pak-Afghan border to facilitate exporters and importers, a senior official told Dawn on Monday.... Petroleum prices raised KARACHI, Jan 15: The Oil Companies Advisory Committee (OCAC) on Tuesday raised prices of petroleum products, ranging from 16 paisa to 60 paisa per litre. The new prices will be effective... Traders’ role in economy sought KARACHI, Jan 15: Finance Minister Shaukat Aziz on Tuesday said the government had set in place a conducive operating environment for the private sector and now it was for the traders... Restructured IDBP to be privatized KARACHI, Jan 15: Industrial Development Bank of Pakistan, one of the country’s oldest DFI, that helped build the country’s industrial edifice, will be privatized with a clean balance-sheet and on the... Fresh bidding likely: Oil, gas fields ISLAMABAD, Jan 15: The government is expected to start afresh the sale process of its minority interests, worth around one billion dollars, in nine oil and gas fields to include more... Shares turn in a highly erratic price movements KARACHI, Jan 15: Shares on the Karachi Stock Exchange on Tuesday turned in a highly erratic price movements as investors played on both side of the fence under the cross-current of... Shell wins HSD import tender KARACHI, Jan 15: Shell International Trading won a tender for the import of high-speed diesel (HSD), claiming that supplies will be 30 per cent cheaper for Pakistan.... UK inflation LONDON, Jan 15: British inflation fell to the lowest level for four decades in December, when the general rate dropped to just 0.7 per cent over 12 months, official figures showed... Clarification KARACHI, Jan 15: Sales at Dewan Farooque Motors Limited amounted to Rs1,197 million for 1999-2000 and Rs4,024 million for 2000-2001, the company has clarified.... Govt all set to fulfil IMF terms by Aug 1: PRGF loan ISLAMABAD, Jan 15: The government is all set to implement major IMF conditionalities for receiving uninterrupted funds under Poverty Reduction and Growth Facility (PRGF).... Documentation fails to achieve desired results: CBR audit report ISLAMABAD, Jan 15: The Auditor General has detected financial irregularities of Rs3 billion in receipts of Central Board of Revenue during 1999-2000. Out of the said amount Rs1,498 million were reported... Spinners make extensive buying KARACHI, Jan 15: Brisk trading was witnessed on the cotton market on Tuesday as spinners made an extensive buying at the prevailing rates after a relative lull during the last about... Karachi Port operations KARACHI, Jan 15: Seven ships including bulk carriers to unload and load fertilizer and molasses are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... SPI falls ISLAMABAD, Jan 15: The Sensitive Price Indicator (SPI) for the week ended on January 10 has registered a decrease of 0.05 per cent over the previous week.... Palm oil prices fall KARACHI, Jan 15: Local palm oil prices edged lower over the past week on thin demand and will remain depressed in the coming weeks because of a weak international market, dealers... Airbus TOULOUSE, Jan 15: The European plane maker, Airbus, announced that United States low-budget JetBlue Airways has ordered for 10 A320s. This is the first order for Airbus aircraft for 2002, says... Asian stocks lower TOKYO, Jan 15: Asian share prices fell on Tuesday led by technology stocks after losses on Wall Street .... NY cotton futures down NEW YORK, Jan 15: NY cotton futures finished on Monday with minor losses on mostly local pressure, as the market struggled from a lack of fresh leads....

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