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July 23, 2002 Tuesday Jamadi-ul-Awwal 12,1423 A string of taxation measures to boost export: Trade policy 02-03 ISLAMABAD, July 22: The government is considering a string of taxation measures to enhance exports during the current financial year.... Trade policy strengths, shortcomings KARACHI July 22: The trade policy for fiscal July/June 2002/ 03 has attracted mixed response from businessmen and bankers as well as economists.... ECO moot to discuss farm trade promotion ISLAMABAD, July 22: The first ministerial meeting of ECO (Economic Cooperation Organization) on agriculture will discuss measures for promoting intra-regional agricultural trade.... Exporters not happy with trade policy KARACHI, July 22: Exporters have been disappointed with the Trade Policy 2002-03, announced by Commerce Minister Abdul Razak Dawood on Monday. There was a general view that it has carried no... Law not to touch fiscal crimes: Anti-money laundering KARACHI, July 22: Tax evasion and all other fiscal related crimes are being kept outside the jurisdiction of the Anti-Money Laundering Law that is expected to be promulgated next month.... Draft policy for pharma sector reviewed ISLAMABAD, July 22: A special meeting of the Economic Coordination Committee of the Cabinet (ECC) here on Monday discussed the draft industrial policy for the pharmaceutical sector proposed by the Ministry... WorldCom files for bankruptcy NEW YORK, July 22: Telecom giant WorldCom filed for bankruptcy protection to become the largest US business failure after shenanigans for which CEO John Sidgmore said the company is “very sorry.”... ‘Nigeria not leaving Opec’ VIENNA, July 22: The Organization of Petroleum Exporting Countries formally denied on Monday at its headquarters here a week-end press report that Nigeria was poised to withdraw from Opec.... PSIC to process loans in 10 days LAHORE, July 22: The Punjab Small Industries Corporation (PSIC) will process applications for loans in 10 days, providing all facilities to applicants under one roof.... Stocks manage to cross 1,800-point barrier KARACHI, July 22: Stocks on Monday maintained their upward drive as investors covered positions in some leading MNCs, notably Hub-Power ahead of their board meetings but instances of selling at the... Afghans link investment with stability KABUL, July 22: Afghan businessmen and emigres are prepared to invest over $500 million in the country immediately, but still have serious concerns about stability and transparency, organizers of an investment... Cotton market resumes trading on dull note KARACHI, July 22: Trading on the cotton market resumed on a dull note on Monday as spinners and mills were conspicuous by their absence eying the local sales tender by the... Turkish textile quota hike to boost exports KARACHI, July 22: Access to additional textile quota of $11 million granted by Turkey will serve as catalyst towards bolstering country’s textile exports.... Govt-Zaver out of court settlement likely: $3.5bn oil field ISLAMABAD, July 22: The government and a private petroleum firm Zaver Petroleum Limited (ZPL) are expected to reach by this weekend an out of court settlement on a dispute over $3.5... Punjab bank, PICIC profit rates KARACHI, July 22: The Bank of Punjab paid 4 per cent return on saving deposits for the half year ended on June 30, 2002. The bank paid 5 per cent and... Govt to set up PIPRO ISLAMABAD, July 22: The government has decided to set up a Pakistan Intellectual Property Rights Organisation (PIPRO) to provide all the intellectual property rights requirements under one organization.... Karachi Port operations KARACHI, July 22: Seven ships including Semiramis to load 15,000 tons of wheat are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Virtual exhibitions ISLAMABAD, July 22: The government has proposed introducing the concept of virtual exhibitions of exportable products during the current financial year.... World stocks continue downward slide LONDON, July 22: Britain’s FTSE 100 index ended on Monday at a six-year closing low, with insurers sagging after a profit warning from Dutch insurer Aegon, and Shell down after its... Palm oil prices higher KUALA LUMPUR, July 22: Malaysia’s crude palm oil futures prices stayed strong on Monday, with some traders and refiners saying India may buy heavily in the market as its domestic crop...

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