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February 19, 2002 Tuesday Zilhaj 6, 1422 Lease finance in dollars on cards KARACHI, Feb 18: Leasing companies plan to offer lease finance in dollars to exporters for purchase of industrial machinery if they can borrow foreign exchange from banks at a reasonable rate.... Cabinet body to suggest modalities: Removal of red tape, corruption KARACHI, Feb 18: Federal Finance Minister Shaukat Aziz said on Monday that President General Pervez Musharraf is forming a cabinet committee, which would suggest modalities for eliminating irritants and red tape... NWFP traders see irritants in ties with Kabul PESHAWAR, Feb 18: To have a bigger share in the multi-billion dollar reconstruction process and exploit trade and business opportunities in Afghanistan, Pakistan would need to normalize working relationship with the... Govt task force on Afghanistan next week KARACHI, Feb 18: The federal government will set up a task force on Afghanistan by next week to explore opportunities and reap maximum benefits out of the reconstruction and rehabilitation process... Stocks shed another 48 points on renewed selling KARACHI, Feb 18: Stocks resumed trading on Monday on a subdued note as investors indulged in renewed selling at the higher levels in the absence of leading bulls and financial institutions.... Committee set up to review tax cases KARACHI, Feb 18: The All Pakistan Textile Mills Association (Aptma) and Income Tax Department have agree to set up a joint consultative committee to review all tax cases before going to... KESC posts Rs8,691m loss in six months KARACHI, Feb 18: The board of directors of Karachi Electric Supply Corporation approved on Saturday the financial results for six months to end-December 2001, posting an after tax loss of Rs8,691... Applications invited for new NTN cards ISLAMABAD, Feb 18: The Central Board of Revenue (CBR) has asked the holders of expired National Tax Number (NTN) certificates/cards to file applications for the issuance of new ones.... Textile mills seeks delisting KARACHI, Feb 18: Asim Textile Mills Limited — the textile spinning unit with nearly 15 million outstanding shares — has sought voluntary delisting from the Karachi Stock Exchange.... HBL to open branch in Kabul KARACHI, Feb 18: State-run Habib Bank has got the State Bank permission for setting up a branch in Kabul, bank’s president Zakir Mahmood told Dawn.... Modest activity on cotton market KARACHI, Feb 18: Modest activity was witnessed on the cotton market on Monday as pent-up mill demand figured prominently, but its main thrust was on quality lots from the uppers Sindh... FTO orders early decision: Adjudication ISLAMABAD Feb 18: Federal Tax Ombudsman Justice Rtd. Saleem Akhtar has taken notice of alleged maladministration by a customs officer, and directed the Central Board of Revenue (CBR) to decide the... Citrus export SARGODHA, Feb 18: Strenuous efforts are being undertaken to ensure setting up of export processing zone and seasonal dry port near Salam interchange to boost production and export of citrus and... Drawback facility allowed ISLAMABAD, Feb 18: The government has notified duty drawback facility on exports of six kinds of medicines.... FWBL performance KARACHI, Feb 18: Finance Minister Shaukat Aziz on Monday expressed his satisfaction on the progress made by the First Women Bank Ltd (FWBL), especially during the last six months in making... Asian stocks mixed on economic hopes TOKYO, Feb 18: Asian stock markets were mixed on Monday amid growing confidence for an economic turnaround in some countries and profit-taking in others.... Dollar steady in London LONDON, Feb 18: The dollar was steady against other leading currencies on Monday, after the yen recovered from a brief fall triggered by an apparent gaffe by US President George W.... Malaysian palm oil rallies KUALA LUMPUR, Feb 18: Malaysian palm oil futures rallied across the board on Monday, aided by strong covering in the physical sector due to worries that dry weather could hit output... Network Leasing rated BBB LAHORE, Feb 18: Pakistan Credit Rating Agency has maintained the long-term credit rating of “BBB” (triple B) and the short-term rating of “A3” (A three) of Network Leasing Corporation, said an... Gold category KARACHI, Feb 18: All exporters of finished products where no further value addition is required should be included in the gold category in respect of refund of sales tax claims....

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