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February 23, 2002 Saturday Zilhaj 10, 1422 Govt in a fix over surplus wheat ISLAMABAD, Feb 22: The federal government is in a fix as to how to dispose of around two million tons of surplus wheat following poor bidding results last week, official sources... Price cut fails to woo buyers: Fridge, deep-freezer KARACHI, Feb 22: A price cut of Rs2,000 to Rs3,000 on a refrigerator and deep freezer has failed to attract as many buyers this Eid-ul-Azha and shopkeepers at the main electronic... Auto sales jump in January KARACHI, Feb 22: The new year started with a good note for the auto sector as sales of cars, bikes, light commercial vehicles (LCVs), buses and trucks surged by 8.6 to... Pakistan asks Iran to activate border markets: Toll-free trucks entry sought ISLAMABAD, Feb 22: Pakistan has asked Iran to remove hurdles in the movement of its trucks and opening of border markets for bilateral economic benefits.... Trade with Romania ISLAMABAD, Feb 22: Increased economic cooperation was discussed between the Romanian Ambassador, Dr Emil Ghitulescu and Finance Minister Shaukat Aziz on Friday morning.... Business suffers from poor policy execution KARACHI, Feb 22: “Rhetoric is not enough. There must be action,” says the Karachi Business Declaration issued here on Thursday by the ICC national committee airing the views of the participants... Dollar inching up in kerb KARACHI, Feb 22: The US dollar that remained on the slide for three consecutive weeks in the open currency market made a modest recovery this week on the back of renewed... HBFC launches new product KARACHI, Feb 22: The House Building Finance Corporation (HBFC) has started its new investment scheme — Ghar Aasan — based on ‘Diminishing Musharaka or partnership,’ and initially it will remain confined... Textile industry holds sway over White House, Congress NEW YORK, Feb 22: The tale of Pakistan’s textile quota or tariff reduction on import of apparels to the United States, which did not materialize to the expectations, speaks volumes of... ICC for dialogue on reconstruction of Afghanistan KARACHI, Feb 22: In the declaration the ICC has called for dialogue and consultations amongst all stakeholders for private sector participation in the reconstruction of Afghanistan (partly covered in our Friday’s... SE Asian states shrug off US pension fund pullout KUALA LUMPUR, Feb 22: Southeast Asian governments on Friday shrugged off a decision by the largest US pension fund to withdraw investment for political as well as financial reasons.... Energis teeters on brink of bankruptcy LONDON, Feb 22: British telecommunications group Energis teetered on the edge of bankruptcy on Friday after its debt rating, already at junk bond status, was slashed again and its shares resumed... India okays labour law reforms NEW DELHI, Feb 22: The Indian cabinet on Friday gave the green light to amending a 54-year-old industrial employment law, allowing some employers to dismiss workers without government approval.... Euro-zone trade surplus jumps BRUSSELS, Feb 22: The 12-nation euro zone had an estimated 49.6 billion euros ($43.15bn) trade surplus with the rest of the world in 2001, up from a 5.1 billion surplus in... Aptma flays cotton sale by TCP KARACHI, Feb 22: The All Pakistan Textile Mills Association (Aptma) has lodged strong protest with the TCP on its exclusive sale of cotton to foreign buyers and sought Commerce Minister Abdul... ADBP to disburse Rs250m GILGIT, Feb 22: The Agriculture Development Bank of Pakistan (ADBP) will extend loans worth Rs250 million to the farmers in Northern Areas during the current fiscal year.... Asset sales NEW DELHI, Feb 22: India’s minister in charge of privatization, Arun Shourie, said on Friday that the momentum for sales in state firms was set to get a big push with... CU Managed Fund KARACHI, Feb 22: Commercial Union Life Assurance Co (Pakistan) Ltd has announced that the Offer and Bid Prices for the insured units of its Managed Fund effective from Feb 25 are...

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