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December 10, 2002 Tuesday Shawwal 5,1423 $500m NSS certificates sold in UAE ISLAMABAD, Dec 9: Overseas Pakistanis have purchased special saving certificates and special defence certificates worth over $500 million only in one month period.... Cut in power, gas tariff a daunting task KARACHI, Dec 9: Has Prime Minister Mir Zafarullah Khan Jamali’s multi-party coalition government started recording notes of dissent on the IMF-World Bank framed policies which were pursued with religious zeal by... July-Nov exports stand at $4.33bn ISLAMABAD, Dec 9: Pakistan suffered a trade deficit of $0.432 billion during the first five months of the current financial year, down 5.09 per cent from the corresponding period of 2001-02.... Private sector credit picking up KARACHI, Dec 9: Banks disbursed Rs12 billion fresh credit to the private sector in the last two weeks of October this year and bankers say the pace of disbursement may show... United Airlines files for bankruptcy CHICAGO, Dec 9: United Airlines filed for bankruptcy on Monday, the largest such case ever in the global airline industry, after high costs and low air fares left the world’s No.... ICC urges US to halt abuse of law: Extra-territorial jurisdiction PARIS, Dec 9: The International Chamber of Commerce has appealed to the US government and the Congress to prevent misuse of an 18th century law that is allowing foreign companies to... Sesame seed export earns $20 million KARACHI, Dec 9: The country has earned around $20 million on export of 46,000 tons of sesame seed during 2001-2002. There are great prospects for higher export of sesame seed with... Oil prices rise LONDON, Dec 9: Oil prices rose on Monday after hopes of an end to unrest and a general strike in Venezuela were dashed over the weekend, raising concern about the reliability... Textile board reconstituted LAHORE, Dec 9: The government has reconstituted the Federal Textile Board (FTB), inducting 16 members from the private sector in it.... KSE 100-share index crosses 2,400-point barrier KARACHI, Dec 9: As widely speculated, the post-Eid holiday session saw the KSE 100-share index above the crucial index level of 2,400 points and analysts predict its next chart point could... Opec may raise formal oil quotas, cut supply TEHRAN/VIENNA Dec 9: Opec producer Iran said on Monday the cartel should consider raising official oil output limits while trimming production to cut chronic quota-busting and support crude prices.... Kazakhstan to invest $51bn in oil sector ASTANA, Dec 9: Kazakhstan is planning to invest $51 billion in developing its oil sector by 2015, the country’s top energy official said on Monday.... Firm trading on cotton market KARACHI, Dec 9: Trading on the cotton market on Monday resumed on a firm note as pent-up mill demand figured prominently around the fine lots but ginners were not inclined to... Karachi Port operations KARACHI, Dec 9: Five ships carrying containers and to load ethanol and molasses are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... WorldCall’s AGM on 24th KARACHI, Dec 9: An Extraordinary General Meeting of the members of WorldCall Multimedia Limited would be held on December 24, to approve the merger of WorldCall Dot.Com (Pvt) Limited into the... Biotech crop KARACHI, Dec 9: An insect protected corn — YieldGard Corn Borer — invented by Monsanto has been commercially approved by the agriculture department of the Philippines, says a press release.... Dollar lower against yen LONDON, Dec 9: The dollar lower against the euro and yen on Monday as dealers awaited anxiously for news of US President George W. Bush’s new economic team amid forecasts of... Palm oil prices down KUALA LUMPUR, Dec 9: Malaysians palm oil futures drifted lower on Monday as players took profit ahead of December 1-10 export data, traders said.’...

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