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February 22, 2002 Friday Zilhaj 9, 1422 Foreign investment picks up KARACHI, Feb 21: Pakistan received net portfolio investment of $12.8 million in January despite the fact that the stock market remained bullish all the time naturally providing profit taking opportunities to... Govt depts owe Rs27bn to Wapda ISLAMABAD, Feb 21: The Wapda’s public sector arrears as on February 20, 2002 stand at Rs27 billion despite at source deductions by the finance ministry and high profile disconnection threats by... 11,776 cases selected for audit: Balloting under SAS KARACHI, Feb 21: The random balloting under self-assessment scheme (SAS) 2001-2002 took place on Thursday, and 11,776 cases or 17.5 per cent of 67,123 cases qualifying under SAS were selected for... US ready to supply textile machinery LAHORE, Feb 21: The US businessmen are expected to start visiting Pakistan to explore business opportunities and potential in the next few months.... Stocks maintain upward thrust with trimmed gain KARACHI, Feb 21: Stocks on Thursday maintained their upward thrust as investors were not inclined to take a technical breather amid predictions that the current run-up could be intensified during the... Oil price rises LONDON, Feb 21: Oil prices picked up on Thursday in response to an unexpected fall in US crude stock levels, traders said.... Musharraf wants reforms agenda continued ISLAMABAD, Feb 21: President Gen Pervez Musharraf said on Thursday the government remained fully committed to carry out its economic reforms agenda and that its benefits filter down to the common... HBL shares sell-off may get CCoP nod on 26th ISLAMABAD, Feb 21: The Cabinet Committee on Privatization (CCoP) is meeting here on February 26 to approve the disinvestment of 5 to 25 per cent shares of the Habib Bank Limited... Cotton output estimated at 10.5m bales KARACHI, Feb 21: The Cotton Crop Assessment Committee (CCAC) has increased its estimates for cotton production by 100,000 bales to 10.5 million bales for the current season.... US trade deficit narrows WASHINGTON, Feb 21: The US trade deficit narrowed 7.8 per cent in 2001 — the first decline in six years — as a US recession pounded imports and a global slowdown... Foreign investment linked to regional peace KARACHI, Feb 21: The ICC Regional Foreign Direct Investment Conference has stressed that “the absence of political conflict is a precondition for local entrepreneurship to flourish and for foreign business to... Holiday mood prevails on cotton market KARACHI, Feb 21: A pre-Eid holiday mood prevailed on the cotton market on Thursday as buyers and sellers were not inclined to make fresh commitments owing to delivery problems.... ICAP presentation on QCR programme KARACHI, Feb 21: The Institute of Chartered Accountants of Pakistan (ICAP) said that its Quality Control Review (QCR) Programme was designed to ensure that audits were performed by ICAP’s members in... Wheat supply to Iraq KARACHI, Feb 21: Trading Corporation of Pakistan (TCP) will supply the remaining quantity of about 65,000 tons of wheat to Iraq.... Pakistan, Romania trade increased ISLAMABAD, Feb 21: The volume of trade between Pakistan and Romania increased by about 100 per cent during the financial year 2000-01 as compared to previous year as a result of... Palm oil KUALA LUMPUR, Feb 21: Malaysia’s palm oil futures were mostly lower on Thursday due to worries over February exports, traders said.... Canadian team visits LCCI LAHORE, Feb 21: Unethical business practices, freezing of the foreign currency accounts (in May 1998), and the current regional situation had worked together over the years to “sully the country perception... Karachi Port operations KARACHI, Feb 21: Three ships carrying steel coils, containers and high speed diesel are expected to arrive at the outer anchorage on Friday, according to KPT sources....

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