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August 6, 2002 Tuesday Jamadi-ul-Awwal 26,1423 Rs5 per kg CED levied on sugar import ISLAMABAD, Aug 5: The Economic Coordination Committee of the Cabinet (ECC) here on Monday imposed Rs5 per kg central excise duty on the import of raw sugar in order to protect... Contamination, cotton policy top agenda: FTB special session tomorrow KARACHI, Aug 5: A special session of the Federal Textile Board is being held on Wednesday (August 7) at Lahore with the participation of over 65 representatives drawn from all segments... Kabul for removal of ATT negative list ISLAMABAD, Aug 5: The government of Afghanistan has requested Islamabad for removing all goods from the negative list of the Afghan Transit Trade Agreement (ATT).... NWFP cash balance rises to Rs7 billion PESHAWAR, Aug 5: In a rare escape from the past, the NWFP government’s cash balance has gone over Rs7 billion mark, enabling it to start the new financial year with a... Trade deficit widens by 2.2pc ISLAMABAD, Aug 5: Financial year 2002-03 has started with a trade deficit of $1.1 billion, according to the aggregate foreign trade figure for the month of July 2002, released by the... MFMY Industries seeks delisting KARACHI, Aug 5: M.F.M.Y Industries — a publicly traded company on the textile spinning sector — proposes to pay Rs11.50 for each share held by the minority shareholders and seek stock... US Chamber chief meets Tariq KARACHI, Aug 5: The Managing Director, South Asia Affairs of the US Chamber of Commerce, Dr. Herbert J. Davis, on Monday met the Minister of State and Chairman Export Promotion Bureau... Decision on tariff anomalies soon ISLAMABAD, Aug 5: The Economic Coordination Committee of the Cabinet (ECC) on Monday completed review of the recommendations of Anomaly Committee and finalized decision to be announced by the Central Board... Profiles of importers, exporters on cards ISLAMABAD, Aug 5: The government is set to make profiles of all those importers and exporters enjoying good reputation so that they could have their consignments cleared before the arrival of... 25 ICP funds trading at discounts KARACHI, Aug 5: Excepting the 9th fund, all remaining 25 closed-end mutual funds under the management of Investment Corporation of Pakistan (ICP) were trading at varying discounts to their net asset... Institutional traders keep to sidelines KARACHI, Aug 5: Stocks on Monday lacked normal trading interest as leading investors including the institutional traders kept to the sidelines most of the time apparently awaiting some fresh stimulating news... Oil price falls as Algeria pushes for output hike LONDON, Aug 5: The price of oil fell on Monday in response to news that Algeria had become the latest member of the Organization of Petroleum Exporting Countries (Opec) to push... Higher prices keep spinners away KARACHI, Aug 5: Physical activity on the cotton market on Monday slowed down as spinners were not inclined to bid at the rising prices for the new crop lots. Ready offtake... Mirza defends SECP policies for stock market ISLAMABAD, Aug 5: The securities market in Pakistan has performed better than any other securities in the world due mainly to a sound regulatory mechanism now in place, Khalid A. Mirza,... Japan’s future economic index remains positive TOKYO, Aug 5: Japan’s key index of future economic activity remained above the 50 point boom-or-bust line for the sixth straight month in June, but rising stockpiles and weak financial markets... Daihatsu aims to boost business TOKYO, Aug 5: Japanese automaker Daihatsu Motor Co. Ltd. said on Monday it hoped to increase investment, production and sales in Southeast Asia to cut costs and meet a growth in... Dollar regains balance LONDON, Aug 5: The dollar regained its balance on Monday, proving resilient in the face of poor US data and losses on Wall Street last week as investors paused to reconsider... Eurostocks sustain losses LONDON, Aug 5: European shares remained down but off their lows on Monday as stocks on Wall Street opened weakly, amid continuing concerns about the global economic outlook.... Indian equity funds values slump in July NEW DELHI, Aug 5: July was a cruel month for India’s stock fund investors. Funds’ average net asset values (NAVs) dropped by between 3.5 and 12.9 per cent as stocks fell... Malaysian palm oil lower KUALA LUMPUR, Aug 5: Malaysian palm oil futures ended down on Monday after factoring in lower US soyaoil prices and higher crop estimates for July from key market analyst Ivan Wong....

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