Finance
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Talks with World Bank on 3 new $550 million Structural Adjustment Credit projects
ISLAMABAD (November 16 2002) : The government and the World Bank have started preparation for negotiations on three new $…
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Ordinance issued: Non-banking finance companies asked to get licence from Securities, Exchange Commi
ISLAMABAD (November 16 2002) : The government has issued Companies (Second Amendment) Ordinance which asks every non-banking finance companies (NBFCs)…
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Government to cut defence expenditure to 3.6 percent of GDP
ISLAMABAD (November 16 2002) : In case of any unforeseen developments, which could threaten the fiscal deficit target, the government…
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Banks, financial institutions allowed for asset securitisation through special purpose vehicle
KARACHI (November 16 2002) : The State Bank on Friday allowed banks and development financial institutions to participate in assets…
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Petroleum prices cut by Rs 3 per litre
ISLAMABAD (November 16 2002) : The government on Friday cut down petroleum products prices by 1.5 percent to 8.6 percent…
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Privatisation calendar up to April 2003 outlined
ISLAMABAD (November 14 2002) : The Cabinet Committee on Privatisation (CCOP) outlined a calendar for privatisation of various entities up…
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$1.23bn surplus in July-Sept balance of payments
KARACHI (November 14 2002) : Pakistan's balance of payments posted a surplus of $1.23 billion in the first quarter ended…
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IMF team snubs Water, Power Development Authority for changing targets
ISLAMABAD (November 14 2002) : The International Monetary Fund (IMF) has snubbed the Water and Power Development Authority (Wapda) for…
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Petroleum levy to remain up to December 31, 2004
ISLAMABAD (November 14 2002) : The government has announced that the current levy of Re 0.34 per litre on POL…
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IMF stresses need for 'contingency plan' to face various risks
ISLAMABAD (November 14 2002) : IMF has cautioned the economic managers against making loud claims regarding future projections of the…
