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| December 21, 2003 | Sunday | Shawwal 26, 1424 |
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KSE Board to take up exposure rules: Carryover trading
KARACHI, Dec 20: When the stock market opens on Monday, brokers are likely to look less at their trading terminals and more at the resolutions that come out of the Board... 
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Government to support vulnerable groups: Cut in NSS rates
KARACHI, Dec 20: Whereas the rates of return on fixed-income national saving schemes are set to fall further next month the government may come up with some plans to support the...
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Exporters seek president’s intervention: Duty on bedlinen
KARACHI, Dec 20: Exporters of bedlinen have urged upon the government to immediately take up the anti-dumping issue at the diplomatic and highest government level with European Union member states to...
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Four new Chinese bike makers set to enter market
KARACHI, Dec 20: Competition between Chinese and Japanese bike makers is likely to further intensify from next year as four new entrants are set to roll out their 70cc two wheelers...
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SPI declines by 0.89 per cent
ISLAMABAD, Dec 20: Sensitive Price Indicator (SPI) decreased by 0.89 per cent during the week ending Dec 18, 2003, as compared to previous week, according to the weekly statement of Federal...
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Economy needs a cultural change
KARACHI, Dec 20: Over the years, economic reforms have tended to end crony capitalism, to provide even-playing field for all economic agents and to improve efficiency, productivity and global competitiveness. Big...
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Petroleum exploration licence granted
ISLAMABAD, Dec 20: Pakistan on Saturday granted a petroleum exploration licence to Petroleum Exploration Limited (PEL) over Block No 2769-13 (Salam) in zone-III, covering an area of 200.22 square kilometres in...
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State Bank sells Rs12bn T-bills
KARACHI, Dec 20: The State Bank on Saturday siphoned off Rs12 billion from the banking system through two-week repo of treasury bills at 2 per cent....
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Measures to check fake refund claims
ISLAMABAD, Dec 20: The Central Board of Revenue has decided to take additional measures for reducing the inadmissible refund claims pertaining to exports to countries like the United Arab Emirates, Saudi...
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$260 million Asian Bank loans for Pakistan
MANILA, Dec 20: The Asian Development Bank announced on Saturday that it was extending loans and credit guarantees totalling $260 million to Pakistan....
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HBL pre-bid conference tomorrow
ISLAMABAD, Dec 20: The Privatization Commission is holding a pre-bid conference for the privatization of Habib Bank Limited on Monday....
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PM to open gas supply on 23rd
KARACHI, Dec 20: Prime Minister Mir Zafarullah Khan Jamali will inaugurate gas supply to Sohbatpur, District Jaffarabad, on Tuesday....
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Dollar rallies, but off highs on terror threats
NEW YORK, Dec 20: The dollar climbed on Friday on some short-covering ahead of the weekend but traded off highs after a US intelligence official said the government was reviewing possible...
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Belgian Senate passes tax bill despite criticism
BRUSSELS, Dec 20: Belgium’s Senate has passed a controversial tax amnesty bill despite criticism from one of the country’s highest courts about how it discriminates against some investors who come clean...
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US blue chips higher
NEW YORK, Dec 20: US blue-chip stocks ended at their highest level in 19 months for the fourth straight day on Friday, after a day of trading made choppy by the...
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ADB gives $188.6m loans to Indonesia
MANILA, Dec 20: The Asian Development Bank (ADB) announced on Saturday that it was extending two loans worth 188.6 million dollars to Indonesia....
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New York cotton close firm
NEW YORK, Dec 20: NY cotton futures settled higher Friday on mostly speculative buying, but a touch of trade sales and profit-taking trimmed the market’s gains in modest dealings, traders said....
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US banks face challenges in shifting economy
WASHINGTON, Dec 20: US banks face a challenge in sustaining their strong performance of recent years as home buying slows and mortgage refinancing dries up, a government economist said on Friday....
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FTO orders payment of refund
ISLAMABAD, Dec 20: The Federal Tax Ombudsman (FTO), Justice (Retd) Saleem Akhtar has asked the Central Board of Revenue (CBR) to issue refunds withheld for the last one year in violation...
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Japan sets 2004-05 budget with no cut in spending likely
TOKYO, Dec 20: Japan’s cabinet approved on Saturday a slightly higher budget for the next fiscal year, with swelling debt and the cost of caring for an ageing population making it...
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