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| December 22, 2002 | Sunday | Shawwal 17, 1423 |
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SBP allows foreign private loan pre-payment
KARACHI, Dec 21: The State Bank of Pakistan is all set to bring down Pakistan’s external debt liability to $35.63 billion by June next year. On Saturday the State Bank has... 
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New FPCCI chief for more industries
KARACHI, Dec 21: Riaz Ahmed Tata has been elected unopposed as president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the term 2003-04....
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Leasing cos can go for house financing: SBP
KARACHI, Dec 21: Suggesting the leasing companies to focus on the small and medium enterprises and agriculture sectors, Governor State Bank, Dr Ishrat Hussain has clarified that the leasing companies can...
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SPI moves down slightly
ISLAMABAD, Dec 21: Sensitive Price Indicator (SPI) moved down slightly by 0.10 per cent during the week ending December 19 as compared to previous week, according to the Federal Bureau of...
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Strategic assets on privatization agenda
KARACHI, Dec 21: Privatization is a complicated and very complex business. It requires a well thought-out strategy, that sets priorities and schedule for sale of state assets in fast changing investment...
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OIC trade fair opens
SHARJAH Dec 21: An international trade fair aimed at boosting trade between the 57 member-states of the OIC kicked off in Sharjah on Saturday....
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Excise dept turns down EDB request
KARACHI, Dec 21: The Excise and Taxation Department, Sindh has showed its inability to implement the request of the Engineering Development Board to prohibit the transfer of newly booked vehicle for...
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COMEX gold backs off highs, bullishness persists
NEW YORK, Dec 21: Gold retreated Friday on profit-taking before the year-end holidays, but traders refused to rule out further safe-haven gains for the metal as the United States pressured Iraq...
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Major central banks keeping rates steady
LONDON, Dec 21: The world’s four major central banks will hold rates at current low levels till end-June 2003 due to the need to boost confidence sapped by fears of war...
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Dollar flat as investors ponder Iraq, economy
NEW YORK, Dec 21: The dollar was in holiday-mode on Friday, trading in small ranges as investors prepared their books for year-end while digesting the U.S. declaration that Iraq violated a...
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NY cotton higher
NEW YORK, Dec 21: NY cotton settled up and at its highest in a month Friday as aggressive speculative buying into stops powered the spot March contract past tough topside resistance...
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CBOT rice ends up
CHICAGO, Dec 21: Chicago Board of Trade rough rice futures gained back most of this week’s losses to close higher on Friday as speculators took profits before the weekend, floor traders...
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German mediator sees public sector strike looming
BERLIN, Dec 21: A German mediator appointed to resolve a wage dispute between almost three million public sector workers and employers said on Saturday he saw little hope a deal could...
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EU nations reach compromise fishing deal
BRUSSELS, Dec 21: EU ministers have struck a last-ditch compromise deal to reform Europe’s fishing industry, after marathon talks, slashing allowed catches of cod to rescue dwindling stocks of the species....
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US senators urge WTO case on China cotton
WASHINGTON, Dec 21: A group of mostly Southern senators are urging US Trade Representative Robert Zoellick to consider taking legal action against China for failing to honor its commitment to open...
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Opec not to let price cross $28 a barrel: Riyadh
CAIRO, Dec 21: Opec will activate a mechanism to keep oil prices within the cartel’s 22 to 28 dollars a barrel target band if prices remain higher on world markets, Saudi...
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Spinners back on cotton market
KARACHI, Dec 21: Spinners were back on the cotton market on Saturday as sharp rebound staged by the world prices sent shock waves in the leading spinner cartel amid fears that...
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Raid on factory: FTO orders inquiry
ISLAMABAD, Dec 21: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar has asked the Central Board of Revenue (CBR) to initiate an inquiry against the tax officials who raided factory...
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Judge keeps most Enron banks, law firm in suit
HOUSTON, Dec 21: A federal judge on Friday refused to release most of Enron Corp.’s investment banks from a class-action stockholder lawsuit, but she did dismiss cases against Deutsche Bank AG...
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US Treasuries edge lower
 NEW YORK, Dec 21: US Treasury prices edged lower on Friday as most investors took to the sidelines after a three-day run-up and as traders watched the stock market rack up...
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