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| February 17, 2002 | Sunday | Zilhaj 4, 1422 |
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OPIC evaluating 5 projects: $200m investment
KARACHI, Feb 16: The Overseas Private Investment Corporation (OPIC) of the US is evaluating five projects involving $200 million investment for implementation in Pakistan.... 
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Drawback, zero duty facility withdrawn: Six items exports to Kabul, CARs
ISLAMABAD, Feb 16: The government has put restrictions on six exportable items to Afghanistan and Central Asian Republics (CARs) under duty drawback scheme via land route....
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Abad, Turkish builders reach accord: Afghan reconstruction
KARACHI, Feb 16: Builders and contractors of Pakistan and Turkey have reached an understanding to work jointly in the reconstruction and rehabilitation in the worn-torn Afghanistan....
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Razak not satisfied with US package
KARACHI, Feb 16: Commerce Minister Abdul Razak Dawood on Saturday expressed his dissatisfaction on the economic package offered by the US to Pakistan and said it had proved to be much...
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Potential partners in regional business
KARACHI, Feb 16: Apart from traditional bilateral trade ties, Turkey and Pakistan also share a common outlook for regional economic cooperation....
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SPI records increase
ISLAMABAD, Feb 16: The Sensitive Price Indicator (SPI) for the week ended on February 14, has registered an increase of 0.46 per cent over the corresponding week....
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Enron’s Lay sells shares after warning
WASHINGTON, Feb 16: Former Enron Corp. Chairman Kenneth Lay sold $100 million in company stock last year, including a large portion sold back to Enron after an employee warned him about...
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New York cotton futures lower
NEW YORK, Feb 16: NY cotton futures finished lower on Friday as funds were seen evening up their books ahead of the long holiday weekend, traders said....
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Dubai sets up financial centre
DUBAI, Feb 16: Dubai announced on Saturday the creation of an international financial centre aimed at making the Gulf’s trading hub a bridge for financial services linking the Middle East with...
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US stock markets fall
NEW YORK, Feb 16: Stocks fell on Friday as jitters about corporate accounting flared up after reports on companies ranging from International Business Machines Corp. to graphics chip maker Nvidia Corp.,...
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CSCE sugar little changed
NEW YORK, Feb 16: CSCE sugar futures hardly moved on Friday, amid continued spreading and adjustments before a three-day holiday weekend, dealers said....
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‘US restrictions on Iran threat to world energy supply’
TEHRAN, Feb 16: Iranian Oil Minister Bijan Namdar-Zangeneh on Saturday condemned US oil restrictions imposed on his country, saying they threatened the supply to the world market....
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Bush wants Japan to act on economy
TOKYO, Feb 16: Hours before starting a rapid tour of Asia’s main economies, US President George W. Bush urged Japan to stimulate the world’s ailing second-biggest economy by cutting red tape...
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Gold glows as prices hold high in London
LONDON, Feb 16: Gold glowed again this week as prices held up close to $300 an ounce, the precious metal basking in its rediscovered safe-haven status....
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Great scope for Pakistan, Turkey cooperation
KARACHI, Feb 16: Sindh Governor Mohammdmian Soomro has urged the private sector to explore joint venture partnership with Turkish counterpart to improve the volume of trade between Pakistan and Turkey....
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Expediency takes precedence over principle
BRUSSELS, Feb 16: European Union policymakers are putting a brave face on their governments’ decision last week to spare Germany a humbling formal rebuke on its rising budget deficit. No problem,...
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Seller, buyers keep to sidelines
KARACHI, Feb 16: Cotton market finished the weekend session on a dull note as both sellers and buyers kept to the sidelines having an overview of the textile trade in the...
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IFAC releases updated ‘Code of Ethics’
KARACHI, Feb 16: International Federation of Accountants (IFAC) — the New York-based world-wide organisation for accountancy profession has released its updated “Code of Ethics for Professional Accountants”, which features new rules...
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Remedial measures sought for revival of GIE
PESHAWAR, Feb 16: The NWFP government has been moved to seek ‘remedial measures’ from Islamabad for the revival of Gandoonamanzai Industrial Estate (GIE), official sources told Dawn here on Friday....
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China offers $1.34bn assets to foreigners
BEIJING, Feb 16: Foreign investors will be able to buy $1.34 billion worth of assets belonging to ailing Chinese state enterprises, state media reported on Saturday....
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