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November 28, 2002 Thursday Ramazan 22, 1423 Ogra’s no to control fuel oil prices ISLAMABAD, Nov 27: The Oil and Gas Regulatory Authority (Ogra) has expressed its inability to control furnace fuel prices on purely legal and technical grounds, a demand Wapda believed could offer... Cut in TBs rate paves way for cheaper finance KARACHI, Nov 27: The State Bank on Wednesday cut the weighted average yield on six-month treasury bills to 4.76 per cent from the previous 6.34 per cent. This paves the way... Pakistan, Turkey business council ISLAMABAD, Nov 27: Pakistan and Turkey are working to evolve a mechanism of product diversification to boost the value of investment, industry.... Kinoo exporters, minister meeting on December 3 KARACHI, Nov 27: The Export Promotion Bureau has arranged an emergent meeting of different groups of kinoo exporters on December 3, in Islamabad with the commerce minister to review the issue... Bedlinen containers awaiting US clearance ISLAMABAD, Nov 27: The containers of bedlinen are awaiting clearance at the United States ports owing to embargo imposed by the US authorities, a senior official told Dawn.... ‘Previous petroleum policies to continue’ ISLAMABAD, Nov 27: Petroleum Minister Noraiz Shakoor on Wednesday said the present government would continue the investment-friendly policies to attract foreign investment in oil and gas sector.... Humayun to visit US next month ISLAMABAD, Nov 27: Commerce Minister Humayun Akhtar said on Wednesday he would give top priority to gain increased access for Pakistani products in the international markets.... 2 nominated for FPCCI top slot KARACHI, Nov 27: The Businessmen Forum headed by Ilyas Bilour has nominated Riaz Tata and Maqsood Ismail as their candidates for the presidentship of the FPCCI.... China to drive global economy HONG KONG, Nov 27: China is poised to become the engine of the world economy this century but Japan’s failure to tackle its bad debt problem could scuttle any early return... Chip tech SINGAPORE, Nov 27: Technology heavyweights IBM and Chartered Semiconductor said on Wednesday they have teamed up to develop chip technology and share facilities in a cost cutting move.... UK growth forecast LONDON, Nov 27: The British economy will grow at a rate of 1.6 per cent this year and within a range of 2.5 to 3.0 per cent next year, Chancellor of... Stocks plunge on US sanction threat KARACHI, Nov 27: Stocks on Wednesday plunged by 2.5 per cent on panic selling triggered by the US threat of sanctions if its nuclear links with North Korea were established but... Prices stable on cotton market KARACHI, Nov 27: Trading activity on the cotton market on Wednesday slightly slowed after hectic buying during the last couple of sessions as spinners took a technical breather and kept to... Russian oil giants plan new US export route MOSCOW, Nov 27: Four Russian oil majors signed an initial agreement on Wednesday to build an Arctic export terminal that allows them to boost shipments to the United States as Washington... Thailand to export SMEs to China BANGKOK, Nov 27: The Thailand government will promote favoured small and medium-sized enterprise (SME) clusters to penetrate and tap the potential of Yunnan Province, China’s “golden west”.... EC proposes changes in stability pact BRUSSELS, Nov 27: The European Commission on Wednesday proposed major changes to the euro zone’s beleaguered stability pact, in a bid to force countries to toe the line while also boosting... BankTahi public offering BANGKOK, Nov 27: Chinatrust Commercial Bank, Taiwan’s largest private bank, has expressed interest in acquiring at least 25 per cent of BankThai, which has recently made a public offering.... Dollar steady in London LONDON, Nov 27: The dollar was steady against other leading currencies on Wednesday following recent gains, as the market awaited the release of a batch of US economic statistics.... Palm oil rebounds KUALA LUMPUR, Nov 27: Malaysian crude palm oil futures ticked up smartly at the close on Wednesday after chart-driven short covering emerged over the course of the afternoon, traders said.... Drawback on PVC cables allowed ISLAMABAD, Nov 27: The Central Board of Revenue has allowed the facility of duty drawback on export of PVC insulated cables aimed at increasing its exports....

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