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| December 01, 2006 | Friday | Ziqa'ad 9, 1427 |
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SBP told to provide list of loan defaulters
ISLAMABAD, Nov 30: The National Assembly Standing Committee on Finance on Thursday directed the State Bank to provide it the list of individuals who were written off Rs10 million and above... 
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Bidding for chemical company tomorrow
ISLAMABAD, Nov 30: The Privatisation Commission (PC) has announced that the bidding for the sale of 90 per cent shares of Lyallpur Chemicals and Fertiliser Limited (LCFL) will be held here on Saturday....
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Poor’s assigns long-term rating to PIBs
KARACHI, Nov 30: Standard & Poor''s Ratings Services on Thursday assigned its ''BB'' long-term local currency debt rating to two Pakistan Investment Bonds (PIB) due in October 2021 and October 2026, totalling Rs7 billion ($117 million)....
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Exports to Sri Lanka under FTA remain stagnant
ISLAMABAD, Nov 30: Pakistan''s first-ever initiative to have freer trade with others appears to be counterproductive as its exports to Sri Lank saw a nominal increase while imports made a quantum...
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ECO resolves to boost industrial cooperation
LAHORE, Nov 30: The 3rd ECO Ministerial Meeting on Industry underlined on Thursday the importance of enhancing cooperation among member states at bilateral and multilateral levels for efficient interaction and exchange...
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20 mills in Sindh shut on cane dispute
KARACHI, Nov 30: About 20 sugar mills were shut on Thursday because of a dispute with farmers over cane prices, but officials said the row would not hit supplies as the country had stocks from the last production cycle....
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Textile exporters playing nasty game for subsidies
ISLAMABAD, Nov 30: Independent foreign institutions have cautioned that Pakistan’s powerful textile and clothing industry was misusing export earnings for speculative real estate business to present a gloomy picture of foreign trade for getting maximum subsidies from the government....
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Business council for development launched
KARACHI, Nov 30: Pakistan Business Council for Sustainable Development (BCSD) was launched on Thursday at a ceremony in which President of the World Business Council for Sustainable Development (WBCSD) Mr Bjorn...
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More incentives for textile industry
ISLAMABAD, Nov 30: Federal Minister for Textile Industry Mushtaq Ali Cheema has said his ministry is considering more incentives for textile industry to make it competitive in the international market....
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OGDC’s GDS price speculation dominates trading
KARACHI, Nov 30: Speculation about the GDS price of the OGDC dominated the trading on the stock market on Thursday as investors played on both sides of the fence awaiting official word on the issue due late in the evening....
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Iran invited to invest in construction sector
LAHORE, Nov 30: Federal Minister for Industries, Production and Special Initiatives, Jahangir Khan Tareen on Thursday said Iranian companies should benefit from the opportunities in the fast-growing construction sector in Pakistan....
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Cement export
ISLAMABD, Nov 30: The Central Board of Revenue (CBR) has allowed duty drawback at the rate of Rs25.08 per ton on export of cement to boost its exports....
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Prices ease on cotton market
KARACHI, Nov 30: Cotton prices on Thursday eased modestly from the current higher levels as spinners and mills took a technical breather to have an overview of their inventories....
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US business urges easing of tough company laws
WASHINGTON, Nov 30: A coalition of business leaders and academics said on Thursday that US company regulation had become too onerous in the post-Enron era and urged reforms including an easing of the Sarbanes-Oxley law....
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Euromold fair Pakistani pavilion attracts big crowd
ISLAMABAD, Nov 30: The Pakistani pavilion at the Euromold Exhibition, which opened in Frankfurt on Wednesday, was attracting big crowd, and on the very first day it was visited by German,...
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IT dept holds up Rs18.69bn refunds
ISLAMABAD, Nov 30: The income tax department withheld an amount of Rs18.694 billion as refund of taxpayers in 16,275 cases during the first four months (July-October) of the fiscal year 2006-07,...
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CBR collects Rs292.4bn
ISLAMABAD, Nov 30: The Central Board of Revenue (CBR) has collected Rs292.4 billion during the first five months (July-Nov) of the fiscal year 2006-07 as against the target of Rs292.1...
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Karachi Port operations
KARACHI, Nov 30: Six ships carrying containers, steel coils and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Asian stocks rally
HONG KONG, Nov 30: Asian stocks rallied on Thursday after US economic data reinforced opinions that the world''s largest economy is heading for a soft landing....
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Palm oil prices up
KUALA LUMPUR, Nov 30: Malaysian crude palm oil futures closed up 2.7 per cent on Thursday as higher-than-expected export data announced by cargo surveyors prompted speculative buying....
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