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January 8, 2002 Tuesday Shawwal 23, 1422 Pakistan to contribute $100m in donor fund: Afghan rebuilding ISLAMABAD, Jan 7: Pakistan will contribute $100 million in the donor-funded Afghan rebuild programme besides opening its consulates in Kabul and Jalalabad next week to take advantage of the emerging business... PEFGA to offer insurance cover: Post-shipment KARACHI, Jan 7: In all limitations that besets the export trade, the Pakistan Export Finance Guarantee (PEFG) Agency has started providing pre-shipment guarantee to the exporters, and is now well set... SSGC ready to offer technical expertise: Gas infrastructure KARACHI, Jan 7: The government has sought details from the Sui Southern Gas Company (SSGC) as to what role it can play in the gas infrastructure and rehabilitation programmes in Afghanistan.... Half-yearly trade deficit stands at $425m ISLAMABAD, Jan 7: Half-yearly trade deficit has amounted to $425 million against $922 million during the same period last year, with indications that exports would be short of the government’s target... CBR refunds Rs37.75bn in July-Dec ISLAMABAD, Jan 7: The Central Board of Revenue has paid Rs37.75 billion refund/ rebate to exporters during the first six months of current fiscal against Rs23.4 billion it paid in the... KSE chief confident of winning SECP nod: Non-members KARACHI, Jan 7: All seven outside directors are expected to be in place when the Board of Directors meet on Tuesday, Salim Chamdia, chairman, Karachi Stock Exchange, told Dawn on Monday.... Export orders from US falls, says Aptma KARACHI, Jan 7: The chairman, Aptma, Nadeem Maqbool said on Monday export contract from US buyers had registered a substantial fall, and the quantum of decline in textiles could only be... BD pharma firm to open plant in Lahore LAHORE, Jan 7: A Bangladeshi firm, Square Pharmaceuticals, is setting up its plant here at a cost of Rs100 million.... Export Facilitation body meets KARACHI, Jan 7: The Export Facilitation Committee would now meet after every two months instead of three months.... S. Arabia raises crude prices LONDON, Jan 7: Saudi Arabia has raised its Europe-bound crude oil prices for February by between 10 cents and 40 cents a barrel, trading sources said on Monday.... Stocks react bullishly to positive developments at Saarc KARACHI, Jan 7: Stocks on Monday reacted bullishly to positive developments at the Saarc summit, including peace initiatives and made active buying at the still attractively lower levels on the perception... Amendments in Companies Ord ’84 discussed ISLAMABAD, Jan 7: The Securities and Exchange Commission of Pakistan (SECP) on Monday organized a round-table conference to finalize the amendments in the Companies Ordinance, 1984.... Spinners keep to sidelines KARACHI, Jan 7: Trading on the cotton market on Monday resumed on a cheerless note as spinners kept to the sidelines most of the time and did not bid for any... Argentina devalues peso BUENOS AIRES, Jan 7: Embattled Argentines faced the bitter reality on Monday that the value of their currency had been deflated by almost one-third — one of several emergency measures undertaken... PICIC in search of consultant: NIT sell-off: KARACHI, Jan 7: Pakistan Industrial Credit and Investment Corporation Ltd. (PICIC) is looking for a reputed consultant for acquiring National Investment Trust Ltd. (NIT) through privatization.... Prgmea rejects ST dept claim KARACHI, Jan 7: The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has rejected the sales tax department’s claim that its members had obtained double refund during July to Dec 1996.... Karachi Port operations KARACHI, Jan 7: Berthing activity at the Karachi Port on Monday was fairly brisk where all the new arrivals as well as those awaiting berths were allotted berths at all the... Asian stock markets higher on Wall Street gains TOKYO, Jan 7: Stocks on most Asian share markets were boosted on Monday by gains on Wall Street and positive local sentiment.... Malaysian palm oil extends rally on crop data KUALA LUMPUR, Jan 7: Malaysian crude palm oil futures continued their rally on Monday, boosted by the December crop report from private forecaster Ivan Wong.... Port Qasim KARACHI, Jan 7: A container ship, Francisca Schulte, carrying containers arrived at the outer anchorage during the last 24 hours, says a PQA press release on Monday....

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