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20000105
ABL cuts mark-up rate by 2pc
KARACHI: In line with the policy of the Government and as a consequence of reduction in discount rate by State Bank of Pakistan, Allied Bank of Pakistan has announced a cut of 2 percent in the rate of mark-up effective January 1, 2000.
The step aims at revival of economy in general and boosting exports in particular by enhancing their competitiveness in the international markets, says an ABL press release issued here on Tuesday.ÑPR
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