Economic and Finance News
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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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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 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 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…
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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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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…
