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February 17, 2002 Sunday Zilhaj 4, 1422 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.... Drawback, zero duty facility withdrawn: Six items exports to Kabul, CARs ISLAMABAD, Feb 16: The government has put restrictions on six exportable items to Afghanistan and Central Asian Republics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.... 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.... 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... 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.... 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.... 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... 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.... 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... 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.,... 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.... ‘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.... 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... 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.... 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.... <