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September 25, 2002 Wednesday Rajab 17, 1423 Cabinet to approve amendments to cos ord ISLAMABAD, Sept 24: The federal cabinet meets here on Wednesday to approve comprehensive amendments to the Companies Ordinance 1984, for effective documentation of listed and registered companies in the national economy.... Duty, ST on CNG kits to raise prices of cars KARACHI, Sept 24: The government’s firm commitment to impose five or 10 per cent customs duty and 15 per cent sales tax on import of compressed natural gas (CNG) cylinder, kits... Gold prices up on Iraq tension, stocks fall LONDON, Sept 24: Gold prices leapt here on Tuesday to their highest level since June, as investors continued to bail out of stocks in search of a safer haven for their... NWFP misses mutation fee target by Rs37m PESHAWAR, Sept 24: The NWFP government ended up with total recoveries of about Rs163 million under the head of mutation fee, missing the annual target for the financial year 2001-02 with... Dividends on ICP mutual funds KARACHI, Sept 24: The mutual funds under the management of Investment Corporation of Pakistan (ICP) recorded 44 per cent increase in net profit for the year ended June 30, 2002, amounting... EU delays budget deadline to 2006 BRUSSELS, Sept 24: The European Commission has set back to 2006 a previous deadline of 2004 for euro-zone countries to balance their budgets, an official with the European Union’s executive said... MAP proposal to set up SME Modaraba KARACHI, Sept 24: The Modaraba Association of Pakistan (MAP) has prepared a proposal to set up a SME Modaraba with an initial paid-up capital of Rs200 million to finance the requirement... Oil prices slightly higher LONDON, Sept 24: Oil prices were slightly higher on Tuesday as the threat of a war in the Middle East continued to loom large over the market, although profit taking trimmed... US economy WASHINGTON, Sept 24: US President George W. Bush said on Tuesday he was optimistic about the strength of the US economy but recognized that “we’ve got a lot of work to... WTO farm goals GENEVA, Sept 24: Japan, accused by Washington and major farm exporting countries of dragging its feet over trade reform, on Tuesday hit back at its critics for setting “unrealistic” goals for... Index crosses 2,000-point level on PSO sell-off news KARACHI, Sept 24: Positive news about the privatization of PSO prompted strong speculative buying in it and some other leading base shares, enabling the KSE 100-share index to breach through the... Monopoly law in telecom sector sought ISLAMABAD, Sept 24: Extension of the monopoly law to the telecommunications sector was demanded by consumer associations at a hearing held at the Monopoly Control Authority (MCA) here on Tuesday.... Cotton prices ease on hasty selling KARACHI, Sept 24: Cotton prices on Tuesday eased modestly as some of the leading ginners indulged in hasty selling in an uppishly leaned market for no apparent bearish reasons.... Japanese PM denies plans for extra budget COPENHAGEN, Sept 24: Japanese Prime Minister Junichiro Koizumi denied on Tuesday he was planning to draft an extra budget for public works to boost demand in the country’s struggling economy.... VSF makers want raise in import duty ISLAMABAD, Sept 24: Local manufacturers of Viscose Staple Fibre (VSF) have approached the National Tariff Commission for protection through increase in customs duty on the imported product from 5 per cent... Nissan unveils debt reduction plan TOKYO, Sept 24: Japanese truck maker Nissan Diesel Co. Ltd. on Tuesday announced a plan to cut its mounting debt by 40 per cent in about four years by boosting business... Dollar rangebound ahead of Fed decision LONDON, Sept 24: The dollar was confined to a narrow range against the euro on Tuesday as investors awaited the outcome of the US Federal Reserve’s interest rate deliberations amid ongoing... World stocks slammed to new lows NEW YORK, Sept 24: Stocks continued to plumb depths not seen in years on Tuesday on concern that surging oil prices would deal a fresh blow to the ailing world economy... EU, Asia pledge to cooperate on economy COPENHAGEN, Sept 24: EU and Asia leaders pledged on Tuesday to cooperate more to revitalize their economies after the “temporary shock” in the aftermath of the September 11, attacks of last... Malaysia to refine palm oil in India MUMBAI, Sept 24: Malaysia is exploring the possibility of setting up joint ventures to process crude palm oil in India to offset falling exports caused by a change in India’s levies,...

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