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| September 21, 2002 | Saturday | Rajab 13, 1423 |
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NFC silent on debt relief to provinces
KARACHI, Sept 20: The federal government is showing no inclination to offer any debt relief to the provinces in the National Finance Commission award. The three “small” provinces Sindh, Balochistan and... 
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Lease Pak merger with SLCL abandoned
KARACHI, Sept 20: The merger of Lease Pak Limited (LPL) with Security Leasing Corporation Limited (SLCL) has been called off, after the two companies failed to reach an agreement over the...
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Elections and the fiscal law
KARACHI, Sept 20: Politics impacts on fiscal deficit as much as fundamentals of the economy or the stabilization programme....
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Gold prices rise by Rs160
KARACHI, Sept 20: Surging international gold prices in the wake of US-Iraq tension during the last fortnight has finally resulted in price hike of over Rs160 per 10 grams in local...
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9pc growth being envisaged: Current expenditure
PESHAWAR, Sept 20: Nine per cent annual growth rate is being envisaged for the provincial governments’ current revenue expenditure (CRE) under the 6th National Finance Commission (NFC) award, according to sources....
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SBP move to discipline money market
KARACHI, Sept 20: The State Bank may have to call bids for the treasury bills only in one tenure in the next couple of auctions to check unrealistic bidding and be...
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Monopoly Ord being amended
ISLAMABAD, Sept 20: Monopoly Control Authority (MCA) has initiated consultations with different stakeholders for carrying out amendments in the Monopoly & Restrictive Trade Practices Ordinance, 1969, in line with the present...
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Bank Alfalah, ICP Funds bidding today
ISLAMABAD, Sept 20: The Privatization Commission (PC) has finalized all arrangements for holding the bidding of three transactions on Saturday including 28 per cent equity stake in Bank Alfalah formerly known...
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Profit-selling halts upward drive on KSE
KARACHI, Sept 20: Stocks finished the weekend session on an easy note as jobbers took profits at the inflated levels in the absence of strong follow-up support from the leading institutional...
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Unrated insurance cos barred from fresh business
ISLAMABAD, Sept 20: Securities and Exchange Commission of Pakistan has forbidden four insurance companies to underwrite fresh insurance business....
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Spinners paying more for premium lots
KARACHI, Sept 20: Cotton prices on Friday showed highly erratic movements as quality-conscious spinners were inclined to pay more for the premium lots and neglected the inferior stuff....
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1.6m tons wheat exported
ISLAMABAD, Sept 20: Pakistan has earned $350 million through 1.6 million tons wheat export between July 2001 to August this year....
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UNISAME to promote home-made items
KARACHI, Sept 20: The Union of Small and Medium Enterprises (UNISAME) has taken strong exception to the statement given by minister for commerce Abdul Razak Dawood, suggesting people to get rid...
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NBP ratings upgraded
KARACHI, Sept 20: JCR-VIS rating company has reaffirmed medium to long-term rating of AAA (triple A) and short-term rating of A1+ (A one plus) to state-run National Bank of Pakistan....
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Karachi Port operations
KARACHI, Sept 20: Four ships carrying containers, crude oil and general cargo are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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SECP, UNDP sign MoU
ISLAMABAD, Sept 20: Securities and Exchange Commission of Pakistan here on Friday signed a Memorandum of Understanding with the United Nations Development Programme (UNDP) and Economic Affairs Division (EAD). The MoU...
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Port Qasim
KARACHI, Sept 20: A container ship was allotted berth at Qasim International Containers Terminal during the last 24 hours, says a PQA press release on Friday....
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Oil prices steady
LONDON, Sept 20: Oil prices were steady on Friday as the prospect of a war in Iraq and a recent decision by the Opec oil cartel to extend output curbs kept...
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Energy ministers to forge closer ties at IEF
RIYADH, Sept 20: Thirty-four energy ministers, and officials from another 31 countries, including the world’s largest oil exporter Saudi Arabia, along with 13 international organizations are currently present in Osaka, Japan...
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Swiss team due in Oct
ISLAMABAD, Sept 20: A two-member Swiss delegation will visit Pakistan next month to finalize the agreement for avoidance of double taxation between the two countries....
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