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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: goldsnow who wrote (23448)	11/27/1998 5:38:00 AM
From: Alex	Read Replies (5) of 116753

11/27/98 - Pakistan Allows Gold Import to Boost Jewelry Export <Picture> ISLAMABAD (Nov. 27) XINHUA - The Pakistani government now allows the import of gold to boost export of gold jewelry, the Commerce Ministry said on Friday. According to a notification issued here by the ministry, in order to boost the export of gold jewelry from Pakistan, it has been decided to allow the import of gold by exporters of gems and jewelry with certain conditions. Under the conditions, all exporters of gems and jewelry will be eligible to be registered as importers on a deposit of 10,000 U.S. dollars. After being registered, they will be allowed to import up to 400 ounces of gold without payment of import duty and other surcharges or levies for the exclusive purposes of exports in the form of jewelry. Moreover, jewelry either studded or plain, will be exported within a period of 120 days from the date of import. Imports will be allowed only against firm export orders. Enditem =11270919 27/11/98 09:29 GMT

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