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March 28, 2002 Thursday Muharram 13, 1423 US foreign investment shoots up KARACHI, March 27: The US foreign direct investment (FDI) into Pakistan has shot up to $148.5 million in the first eight months of this fiscal year from $46.7 million in a... EoIs invited for 51-74pc interest in KESC ISLAMABAD, March 27: The Privatization Commission has invited qualified investors or consortia of strategic/financial investors to submit their expressions of interest (EoIs) for acquiring a 51 to 74 per cent interest... ADB to approve country strategy on April 25: $2.4bn funding ISLAMABAD, March 27: A special meeting of the Board of Directors of the Asian Development Bank (ADB) will be held in Manila on April 25 to discuss and approve new country... $900m loss in exports due to falling prices KARACHI, March 27: Despite moderate to impressive increases in quantity of goods, export earnings have suffered a massive loss of nearly $900 million during 18 months ending December 2001 due to... KSE-100 index sheds 37.18 points on selling KARACHI, March 27: Stocks on Wednesday attracted fresh selling in most of the pivotals as institutional investors kept to the sidelines allowing prices to drift further lower. The KSE index shed... Cabinet body to discuss irritants ISLAMABAD, March 27: The De-regulation Committee of the Cabinet is meeting here on Thursday to discuss and approve new measures for removing various irritants that are blocking domestic and foreign business... Registration with BoI questioned: Shipping agents KARACHI, March 27: The All Pakistan Shipping Association (APSA) has questioned the authority of the Board of Investment (BoI) to register shipping agents representing foreign companies under “Foreign Technical Personnel”.... Revenue target KARACHI, March 27: Tax revenues fell more than 3 per cent in the first eight months of the fiscal year, partly due to duty refunds to help exporters cope with the... SBP mops up Rs8bn thru PIBs KARACHI, March 27: The State Bank mopped up Rs8 billion from a fairly liquid money market on Wednesday through sale of long- term bonds sticking strictly to the pre-auction target.... Listed cos asked to set up audit bodies ISLAMABAD, March 27: The Securities and Exchange Commission of Pakistan has directed the boards of directors of all listed companies to establish audit committees having powers to oversee their financial management,... Price war continues on cotton market KARACHI, March 27: Cotton market on Wednesday consolidated previous gains but ready business fell to a low ebb as ginners and spinners remained locked in a price war.... Tax laws to be made more transparent, says Shaukat ISLAMABAD, March 27: Finance Minister Shaukat Aziz said on Wednesday that the government was considering to make the tax laws more transparent for effective resolution of tax disputes.... Oil prices up LONDON, March 27: The price of oil scaled six-month high points here on Wednesday, boosted by figures showing a steep and unexpected fall in US crude oil stock levels.... Progress on white oil pipeline reviewed ISLAMABAD, March 27: Federal Minister for Petroleum and Natural Resources Usman Aminuddin on Wednesday underlined the importance of the white oil pipeline project in national economy, and called upon the Pak... Karachi Port operations KARACHI, March 27: Six ships including W.S.Challenger carrying 8,700 tons of soyabean oil are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... Malaysian palm oil prices lower KUALA LUMPUR, March 27: Malaysia’s palm oil futures ended lower in choppy trading on Wednesday and technical analysts said the downward pressure was intact as the market lacked fresh leads.... CU Managed Fund KARACHI, March 27: 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 March 28 are... Appointed KARACHI: The president of Pakistan Myanmar Friendship Association (PMFA) Mrs Shirin Niazi has been appointed investment, trade and tourism representative in Pakistan by the government of Union of Myanmar....

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