News
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SBP allows prepayment of foreign private loans
KARACHI (December 22 2002) : The State Bank of Pakistan has allowed prepayment of foreign private loans, a move to…
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Paris Club rescheduling to bring 40 percent cut in net present value
ISLAMABAD (December 22 2002) : With the cancellation of debt, debt swaps and interest rate reduction, the relief from Paris…
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SBP: Leasing cos can go for house financing
KARACHI, Dec 21: Suggesting the leasing companies to focus on the small and medium enterprises and agriculture sectors, Governor State…
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Karachi Stocks Exchange records second largest turnover in history: index hits 105-month high
KARACHI (December 20 2002) : The second largest turnover was recorded in the history of the Karachi Stock Exchange (KSE)…
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Capital Intelligence ups Pakistan's long-term and short-term ratings
ISLAMABAD (December 20 2002) : Capital Intelligence (CI), the international emerging markets rating agency, has raised Pakistan's long-term sovereign rating…
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$72.5 million Swiss debt rescheduled
ISLAMABAD (December 20 2002) : The Government of Swiss Confederation consolidated and rescheduled ODA-debt amounting to CHF 23.931 million (equivalent…
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Pakistan's foreign exchange reserves cross $9 billion mark
KARACHI (December 20 2002) : Country's foreign exchange reserves have improved slightly as the total reached at 9.069 billion dollars.…
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Allied Bank of Pakistan's incentive scheme for loan recovery
LAHORE (December 20 2002) : Allied Bank of Pakistan Limited (ABL) has framed an incentive scheme for recovery of non-performing…
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Serious flaws detected in tax reform project implementation
ISLAMABAD (December 19 2002) : The Central Board of Revenue (CBR) consultant, Maxwell Stamp, has detected serious shortcomings in the…
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Moot to review shipping rates on December 20
KARACHI (December 19 2002) : The Ministry of Communications has summoned a meeting of the Shipping Rates Advisory Board (Srab)…
