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| November 23, 2002 | Saturday | Ramazan 17, 1423 |
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EOBI achieves 30pc rate of return
KARACHI, Nov 22: The Employees Old-Age Benefits Institution (EOBI) has achieved a fabulous rate of return of over 30 per cent from its investment in equities, which the Institution said, was... 
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IFAC bid to restore credibility: Financial statements
KARACHI, Nov 22: International Federation of Accountants (IFAC) has recently appointed a new task force with the objective to improve the credibility of financial reporting worldwide....
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Business see dawn of new era: Jamali election
KARACHI, Nov 22: Businessmen and Industrialists have urged the prime minister-elect, Mir Zafarullah Khan Jamali to give priority to poverty alleviation, which emanated from rampant unemployment....
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Kabul among top 20 buyers of Pakistani goods
KARACHI, Nov 22: Afghanistan ranks 15th among top 20 countries from where Pakistan gets the bulk of export earnings. The five countries that come after Afghanistan are Japan, Australia, Bangladesh, Turkey...
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Shares purchase agreement
KARACHI, Nov 22: Transpak Corporation Limited — the stock market listed company — announced on Friday, the change of hands of majority equity and management, with the new board offering to...
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No harsh terms attached with next tranche
ISLAMABAD, Nov 22: The International Monetary Fund (IMF) is not likely to attach any harsh conditionality with the release of fifth tranche of about $114 million early next year to Pakistan...
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$2.65m trade deal signed with China
KARACHI, Nov 22: The Chinese buying mission has signed one contract and import agreement worth $2.65 million with Pakistani counterparts for chrome ore, cotton linters, etc....
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ATT import value rises by 117pc
ISLAMABAD, Nov 22: The import value of Afghan Transit Trade (ATT) surged by more than 100 per cent during July-October period of the current financial year over the corresponding period of...
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Hong Kong asked to tighten spending
HONG KONG, Nov 22: Chinese finance minister Xiang Huaicheng has told Hong Kong it should to rein in its spending to tackle the ballooning budget deficit, a report said on Friday....
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Oil prices edge higher
LONDON, Nov 22: The price of oil nosed higher here on Friday, continuing a recent recovery amid speculation of a possible war in Iraq....
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Weekend selling brings index down by 5.82 points
KARACHI, Nov 22: Stocks on Friday showed mixed trend as leading investors did not make larger commitments and took stock of the previous inventories before resuming new account portfolio buying by...
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BoK sell-off plan runs into problems
PESHAWAR, Nov 22: Unfavourable law and order was seen as an impediment to execution of Bank of Khyber privatization. The government intends to float shares of the bank in the stock...
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Prices ease on cotton market
KARACHI, Nov 22: Cotton prices on Friday eased modestly as some of the ginners holding long positions again indulged in hasty selling for no apparent bearish reasons....
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Tobacco firms cut quota by 36.98pc
SWABI, Nov 22: The tobacco companies have slashed the quota by 36.98 per cent for the year 2003, and asked the cultivators to stop growing more tobacco, officials of tobacco companies told Dawn here on Thursday....
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Karachi Port operations
KARACHI, Nov 22: Five ships carrying crude oil and containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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O’Neill urges India to cut tariffs
NEW DELHI, Nov 22: US Treasury Secretary Paul O’Neill urged India on Friday to lower tariffs, roll back regulation and fight corruption to boost economic growth....
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HBFC rating
LAHORE, Nov 22: The Pakistan Credit Rating Agency (Pacra) has assigned an “A” (single A) long-term and an “A1” (single A one) short-term entity rating to House Building Finance Corporation....
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Faster reform plan
TOKYO, Nov 22: Japanese Prime Minister Junichiro Koizumi wants to accelerate and strengthen a major economic and banking reform plan by next month, Economic and Financial Affairs Minister Heizo Takenaka said...
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Dollar steady against leading currencies
LONDON, Nov 22: The dollar held steady against other leading currencies on Friday, supported by green shoots of recovery in the US economy which contrasted with the sluggish state of the...
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Palm oil prices lower
KUALA LUMPUR, Nov 22: Most of Malaysia’s crude palm oil futures contracts wandered gently lower during Friday’s late trade, ending a session bereft of direction as players waited for next week’s...
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