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| November 14, 2002 | Thursday | Ramazan 8, 1423 |
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Spadework done for major units sell-off
ISLAMABAD, Nov 13: The Cabinet Committee on Privatization (CCoP) was informed on Wednesday that preparatory work has been completed for the privatization of PSO, NITL, OGDCL, PTCL, HBL, KESC, and Pak... 
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Fuel, energy sector posts Rs20bn profit
KARACHI, Nov 13: Fuel & Energy sector, which commands market capitalization of Rs132 billion or a quarter of all of the market value of listed stocks at the Karachi Stock Exchange,...
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EPB calls kinoo exporters meeting on 16th: Packaging issue
KARACHI, Nov 13: The Export Promotion Bureau (EPB) has called a meeting of kinoo exporters in Lahore on November 16 to discuss the issue of kinoo exports in wooden crates and...
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SBP leaves banks liquid ahead of Eid
KARACHI, Nov 13: The State Bank on Wednesday left the banking system with enough liquidity to enable them to offer liberal credit to the private sector and to finance the ongoing...
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Rupee gains
KARACHI, Nov 13: The rupee on Wednesday gained 10 paisa against the US dollar in the inter-bank market where it closed at 58.62/58.63 against the previous close of 58.72/58.73....
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Stocks rally as political standoff starts easing
KARACHI, Nov 13: Stocks on Wednesday extended the overnight rally as follow-up support persisted significantly on selected counters aided by some positive reports from Islamabad in regard to possible end of...
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US economy has hit ‘soft patch’
WASHINGTON, Nov 13: Federal Reserve Chairman Alan Greenspan said on Wednesday the US economy was weighed down by worry over possible war and falling stock prices but not by dangerous imbalances...
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OCAC likely to cut prices by 2-5pc
KARACHI, Nov 13: The Oil Companies Advisory Committee (OCAC) is expected to bring down the prices of oil products on November 15 following downward trend in international prices of crude oil...
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State Bank amends trade loan circulars
KARACHI, Nov 13: The State Bank of Pakistan (SBP) has made changes in its earlier circulars regarding trade loans (for imports and exports only) under FE-25 scheme....
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Rs3.023bn drawbacks pending for July-Oct
ISLAMABAD, Nov 13: The Central Board of Revenue (CBR) has yet to release Rs3.023 billion of duty drawback claims pending for July-October period of current financial year....
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Eurozone faces fresh economic woes
BRUSSELS, Nov 13: Eurozone economies faced fresh troubles on Wednesday as the European Commission forecast 2002 growth at a modest 0.8 per cent and fired the first shots in an unprecedented...
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Lint prices steady amid active demand
KARACHI, Nov 13: Cotton prices on Wednesday remained stable as mills and spinners continued to cover their forward positions against the foreign sales of yarn mostly to Far Eastern importers....
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MCA not satisfied with replies: PSF prices
ISLAMABAD, Nov 13: The Monopoly Control Authority (MCA) has expressed its dissatisfaction over the replies submitted by three polyester fibre manufacturers — Dewan Salman, Rupali and Ibrahim — to its notice...
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Tax shortfall
TOKYO, Nov 13: Japan’s Finance Minister Masajuro Shiokawa said on Wednesday he expects a shortfall in tax revenue in the year to March of around $23 billion....
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Karachi Port operations
KARACHI, Nov 13: Nine ships including Hijaz Yun-5 carrying palm oil are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Sales tax refund ordered
ISLAMABAD, Nov 13: Federal Tax Ombudsman Justice Saleem Akhtar has directed the Central Board of Revenue to release the due sales tax refund to an assessee shortly....
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Euro edges lower
LONDON, Nov 13: The euro edged lower on Wednesday after the European Commission said it was to launch an “excessive deficit procedure” against Germany and issued France with an “early warning”...
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Palm oil prices down
KUALA LUMPUR, Nov 13: Malaysia’s crude palm oil market tumbled after a choppy session on Wednesday, bracing itself for another bearish exports data later this week and sagging demand, traders said....
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Port Qasim
KARACHI, Nov 13: Two ships carrying coal and containers arrived at the outer anchorage during the last 24 hours. Meanwhile, Iran Jamal carrying iron ore was allotted berth at Steel Jetty,...
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Investment
NEW DELHI, Nov 13: India’s state-run Oil and Natural Gas Corp. (ONGC) will this year invest more than one billion dollars in the acquisition of oil stakes abroad, the company said...
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