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| December 4, 2003 | Thursday | Shawwal 9, 1424 |
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SBP body for setting up rural banks
KARACHI, Dec 3: A top-level experts committee on rural finance (CRF) has recommended setting up of a new set of private sector rural banks focussed on a whole range of rural... 
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Late sowing may affect wheat output
LAHORE, Dec 3: While the government is hoping for high produce from the current cultivation of wheat after raising the price of wheat by Rs50 per 40 kg bag, negative factors...
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SAFE members urged to sign MoUs, deals: Information sharing
LAHORE, Dec 3: The Securities and Exchange Commission of Pakistan has initiated a process to enter into memorandum of understanding (MoU) with its counterpart authorities in other jurisdictions (in other Saarc...
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July-September $768m spent on debt servicing
KARACHI, Dec 3: Pakistan spent $866 million in July-September this year on external debt servicing and on clearing its foreign exchange liabilities....
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EU allows reversal of quota
KARACHI, Dec 3: The European Union has accepted Pakistan’s request for reversal of quota from Category-2 and Category-2A to Category-1....
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Consortium begins deep waters exploration
ISLAMABAD, Dec 3: A consortium led by Shell Development and Offshore Pakistan, a subsidiary of Anglo-Dutch Shell Group, has started exploring oil and gas in Pakistan’s Indus...
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IMF wants withdrawal of tax exemptions
ISLAMABAD, Dec 3: The International Monetary Fund has again asked Pakistan to consider a number of tax exemptions for withdrawal from the next financial year....
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CBR refunds Rs26bn in five months
ISLAMABAD, Dec 3: The tax authorities have paid out Rs26.03 billion refund/rebate to exporters during the first five months of the current financial year against Rs27.632 billion it had paid during...
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Pakistan, Egypt JMC
ISLAMABAD, Dec 3: Pakistan-Egypt Joint Ministerial Commission (JMC) will meet in 2004 to promote bilateral relations in investment, trade and transfer of technologies in various areas....
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Profit-selling halts upward drive on stock market
KARACHI, Dec 3: Stocks on Wednesday suffered a mild reaction as a section of leading investors took profits at the inflated levels on the blue chip counters apparently to meet their...
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Local palm oil prices
KARACHI, Dec 3: Pakistan’s palm oil rates slipped over the week on the back of high stocks and dealers said on Wednesday they would remain depressed due to a low demand...
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Trading picks up on cotton market
KARACHI, Dec 3: Trading activity on the cotton market on Wednesday picked up as spinners and mills resumed their post-Eid holiday covering operations....
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Pakistan takes up rice issue with EU
ISLAMABAD, Dec 3: Pakistan has formally asked European Commission (EC) to seek Islamabad’s opinion before modifying its current rice import regime with a view to establishing a system of tariff rate...
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Opec hints at output change next year
VIENNA, Dec 3: Consensus was forming among Opec members that they would maintain the cartel’s oil production ceiling when they meet here on Thursday but may need to cut it in...
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BD withdraws LC margin
DHAKA, Dec 3: Bangladesh Bank, the central bank of Bangladesh, has recently withdrawn the mandatory margin requirements on the opening of letters of credit (LCs) for imports to meet a pre-condition...
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Pak Oman conversion to public company okayed
KARACHI, Dec 3: The 11th Board meeting of Pak Oman Investment Company (Pak Oman) has accorded approval to the conversion of the company from private limited to public limited and its...
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Karachi Port operations
KARACHI, Dec 3: Three ships carrying containers and high speed diesel are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Italian auto market contracts
ROME, Dec 3: The Italian auto market contracted in November, with registrations of new cars down 4.55 per cent on the year, but Japanese models bucked the trend and gained ground,...
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