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December 12, 2003 Friday shawwal 17,1424 Credit to private sector shoots up: Rs120.7bn disbursed KARACHI, Dec 11: Net bank borrowing by the private sector has reached Rs120.7 billion in less than five months against the full fiscal year target of Rs85... NWFP to take up transfers issue at NFC meeting PESHAWAR, Dec 11: NWFP would make an elaborate case, at the December 12 meeting of the National Finance Commission, for seeking raise in the size of its annual straight transfers to... Modified mineral policy launched ISLAMABAD, Dec 11: Pakistan has decided to launch a modified National Mineral Policy that aims at increasing mineral contribution to economic growth from the present 0.4 per cent ($500 million) to... Small flour mills hit hard by wheat crisis KARACHI, Dec 11: Small and medium size flour mills and chakkis are the worst affected by the current wheat crisis and are suffering huge losses because of disrupted supplies and unaffordable... ST refund rules KARACHI, Dec 11: The Member Sales Tax, (CBR), Shahid Ahmed, on Thursday said that new sales tax refund rules were under preparation and would be announced soon to give maximum relief... KSE 100-share index sheds 46.85 points KARACHI, Dec 11: The recent upward drive was halted on the stock market on Thursday as investors hastened to take profits at the higher levels amid fears of a possible deadlock... Inflation rises by 2.62pc in 5 months ISLAMABAD, Dec 11: Consumer Price Index (inflation) increased by 2.62 per cent during the period July-November, 2003, as compared to corresponding period of previous year, according to monthly review of prices... Minority shareholder gets top priority: KSE chief KARACHI, Dec 11: The Karachi Stock Exchange has brokered better deals for minority shareholders, where companies have sought to buy-back shares.... Areas for UK investment proposed ISLAMABAD, Dec 11: The Islamabad Chambers of Commerce and Industry (ICCI) has proposed a number of areas for investment and joint ventures to the visiting business delegation from the United Kingdom.... Oil prices fall LONDON, Dec 11: Oil prices edged lower on Thursday on a combination of technical factors, a rebound by the dollar and forecasts of warmer weather in the United States, traders said.... Pakistan, UK trade KARACHI, Dec 11: The bilateral trade between Britain and Pakistan is expected to exceed one billion pounds for the first time this year.... G-21 to work out new framework for Geneva talks ISLAMABAD, Dec 11: The G-21 countries are likely to work out a revised framework for negotiations at a senior official level meeting in Geneva early next year.... Declining trend continues on cotton market KARACHI, Dec 11: Cotton prices on Thursday eased further from the current higher levels as leading ginners continued to liquidate long unsold positions followed by bearish signals from the world markets.... PNSC to acquire bulk cargo vessel KARACHI, Dec 11: Pakistan National Shipping Corporation (PNSC) was working on a plan to acquire a bulk cargo vessel with a cargo carrying capacity of 45,000 to 50,000 tons.... Freight relief for Turkish textiles KARACHI, Dec 11: The Turkish textile industry opting Pakistan for relocation has been assured by the government of special freight concessions.... FPCCI mid-term changes backed KARACHI, Dec 11: The brewing controversy over the mid-term changes in the top slot of FPCCI has intensified as more business leaders have shown their loyalty to each side.... AC Rohri Co handed over to buyer for Rs255m ISLAMABAD, Dec 11: Minister for Privatization and Investment Dr Abdul Hafeez Shaikh has said that the sell-off process of state units is aimed at generating new job opportunities for the common... Iran to import 4,000 tons Basmati GUJRANWALA, Dec 11: Iran will import 4,000 tons Basmati rice from Pakistan.... Paktel to launch GSM network ISLAMABAD, Dec 11: Paktel will launch its GSM network with an investment of $150m in 2004 and will cover at least 150 cities and towns across the country, the cell phone... Karachi Port operations KARACHI, Dec 11: Three ships carrying containers and oils are expected to arrive at the outer anchorage on Friday, according to KPT sources....

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