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December 24, 2002 Tuesday Shawwal 19, 1423 Pakistan, Iran joint chamber proposed ISLAMABAD, Dec 23: Iranian Chamber of Commerce has asked for establishment of joint chamber and joint venture companies with Pakistan aimed at increasing the bilateral trade between the two countries.... ‘Hidden’ investors making quick buck: Locally-assembled cars KARACHI, Dec 23: Some selected models of locally assembled cars have now become a ‘hard cash or short term investment with ensured high returns’ since the market has seen a new... Singapore investors visit to boost trade ISLAMABAD, Dec 23: A high-level investors’ delegation of Singapore is arriving here on January 12 for a week-long visit to Pakistan to promote trade and economic relations between the two countries.... Banks to provide loans to SMEs KARACHI, Dec 23: Emphasis has been laid on adopting flexible collateral management system (CMS) for providing funds to small and medium enterprises (SMEs) exporters during their shipment phases to keep them... Iraq to buy 50,000 tons wheat from Pakistan KARACHI, Dec 23: Iraq has agreed to buy at least 50,000 tons of milling wheat from private Pakistani exporters at 218 euros per ton, traders and government officials said on Monday.... PIA to float Rs15bn TFCs this week LAHORE, Dec 23: Pakistan International Airline Corporation (PIAC) chairman Hamid Nawaz Khan has said the corporation would float Rs15 billion Term Finance Certificates (TFCs) during this week to further strengthen the... Trade policy may be revised ISLAMABAD, Dec 23: The government is likely to revise the trade policy 2002 by announcing more incentives for the enhancement of exports later this month.... Debt coordination office set up ISLAMABAD, Dec 23: A high-level Debt Policy Coordination Office has been set up in the Ministry of Finance to deal with debt problems.... Travellers cheque KARACHI, Dec 23: The State Bank of Pakistan has withdrawn the travel condition for issuing foreign currency travellers’ cheques.... Profit-selling sets in on stock market KARACHI, Dec 23: Stocks on Monday suffered fresh pruning at the higher levels as a section of institutional traders took profits but the underlying sentiment did not show any nervousness and... $4bn more annual investment required PESHAWAR, Dec 23: Due to alarming increase in the total national population, Pakistan needs $4 billion additional annual investment to maintain its current level of GNP per capita.... Inferior lot prices fall on cotton market KARACHI, Dec 23: Trading on the cotton market on Monday resumed on a subdued note as prices of inferior lots were further marked down as ginners indulged in hasty selling.... LCCI demands early refund of ST claims LAHORE, Dec 23: Lahore Chamber of Commerce and Industry on Monday demanded of the finance ministry and the Central Board of Revenue to immediately expedite stuck-up sales tax refund claims.... Refund ordered ISLAMABAD, Dec 23: Federal Tax Ombudsman (FTO) Justice Saleem Akhtar has directed the Central Board of Revenue (CBR) to release withheld amount of Rs20.268 million as refund to a complainant shortly.... Dollar lower against leading currencies LONDON, Dec 23: The dollar fell against other leading currencies on Monday in thin trading, undermined by concerns about the outlook for the US economy and the prospect of a war... Palm oil prices firm KUALA LUMPUR, Dec 23: The following are factors likely to affect the performance of Malaysian palm oil futures on Monday:... Citigroup to take $1.5bn charge NEW YORK, Dec 23: Citigroup, the world’s biggest bank, said on Monday it would take a 1.5-billion-dollar charge, mostly to cover fallout from a stock research scandal, but that it still... Port Qasim KARACHI, Dec 23: Three ships scheduled to load and offload wheat, chemicals and general cargo were allotted berths at Multipurpose Terminal during the last 24 hours, says a PQA press release... German jobless rate to fall BERLIN, Dec 23: Unemployment in Germany is set to fall below the politically sensitive level of four million people next year, Economy and Labour Minister Wolfgang Clement said on Sunday.... Meeting on quota policy KARACHI, Dec 23: Pakistan Apparel Forum convener Masood Naqi has called a meeting of the Forum members to take up the issue of the new quota policy to be implemented from...

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