Finance
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Loan period for letter of credit extended to six months
KARACHI (November 14 2002) : For the facilitation of exporters, the substitution of the Contracts, or LC, has been allowed…
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Foreign exchange reserves up to $8.637 billion
KARACHI (November 14 2002) : Pakistan's foreign exchange reserves have further improved by 95 million dollars in a week and…
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Four percent cut likely in prices of oil products on November 15
KARACHI (November 14 2002) : Oil Companies Advisory Committee (OCAC) might reduce oil products prices by as much as 4…
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Pakistan State Oil bidders ask for pre-bid moot in December
KARACHI (November 16 2002) : The prospective bidders of Pakistan State Oil Ltd have requested the government to hold a…
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IMF completes fourth review of PRGF: fiscal deficit remains much below at Rs 44 billion
ISLAMABAD (November 21 2002) : The International Monetary Fund has completed fourth review of the Poverty Reduction and Growth Facility…
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IMF informed of Karachi Electric Supply privatisation uncertainty
ISLAMABAD (November 13 2002) : The government has informed the visiting mission of International Monetary Fund (IMF) that privatisation of…
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Six of 29 Poverty Reduction and Growth Facility criteria not met
ISLAMABAD (November 13 2002) : Out of total 29 structural performance criteria and benchmarks under the Poverty Reduction and Growth…
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4.5 percent GDP growth, 4 percent inflation achievable for Pakistan: IMF
ISLAMABAD (November 13 2002) : IMF believes that 4.5 percent GDP growth and 4 percent inflation target, set in the…
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Commerce minister asks businessmen to get ready for post-WTO regime
LAHORE (November 13 2002) : Federal Commerce Minister Abdul Razak Dawood has asked the businessmen to prepare themselves to face…
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External debt stands at $36.5 billion
ISLAMABAD (November 13 2002) : Pakistan's total external debt was a little changed in the first three months of financial…
