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December 11, 2002 Wednesday Shawwal 6, 1423 Sarhad, Kabul chambers sign accord: Trade promotion PESHAWAR, Dec 10: Sarhad Chamber of Commerce and Industry (SCCI) and Kabul Chamber of Commerce and Industry (KCCI) on Tuesday signed an agreement set up a joint forum to promote economic... Great potential for Pakistan, Turkey trade KARACHI, Dec 10: Turkish Consul General Dr Fevzi said here on Tuesday there was great potential for expanding trade relations between Pakistan and Turkey, and if proper method and right direction... ADB technical assistance grant for Punjab ISLAMABAD, Dec 10: Asian Development Bank (ADB) has approved a technical assistance (TA) grant of $680,000 to the Government of Pakistan for enhancing capacity for resource management and poverty reduction in... Profit-selling sets in on stock market KARACHI, Dec 10: Stocks on Tuesday ran into a mild profit-selling at the higher levels as follow-up support turned shy in the absence of leading bulls, who signalled that the index... WTO body reverses ruling on steel tariff GENEVA, Dec 10: A World Trade Organization appellate body has partially overturned an earlier ruling in a case involving United States tariffs against privatised European steel companies, according to a WTO... Karachi to have livestock export yard KARACHI, Dec 10: Sindh government will establish a modern “livestock export yard” in Karachi at a cost of Rs100 million to boost exports of livestock and meat.... Rs700m NSS certificates sold ISLAMABAD, Dec 10: The Central Directorate of National Savings (CDNS) here on Tuesday clarified that overseas Pakistanis had been sold National Savings Schemes (NSS) worth Rs700 million and “not” $500 million... Opec likely to cut supplies LONDON, Dec 10: Opec oil producers are likely to agree a hefty reduction in supplies when they meet this week to support crude prices near $25 a barrel, leading Opec power... British trade deficit hits new record LONDON, Dec 10: The British trade deficit soared to a record high in October as a consumer spending spree sucked in foreign imports and exporters struggled against a weak global economy... Lint prices rise amid active demand KARACHI, Dec 10: Cotton prices on Tuesday tended further higher as spinners resumed their post-Eid holiday buying operations to fill in the supply gaps but ginners appear to be reluctant sellers.... Textile exporters flay sales tax rules FAISALABAD, Dec 10: Textile exporters have severely criticised the Central Board of Revenue for its unrealistic and impracticable formulation of sales tax rules and regulations, putting the textile exporters into difficulties... Karachi Port operations KARACHI, Dec 10: Two ships carrying general cargo and to load naphtha are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Adamjee Insurance asked to elect board ISLAMABAD, Dec 10: The Securities and Exchange Commission of Pakistan (SECP) has directed Adamjee Insurance Company Limited (AICL) to hold its overdue election of their directors within 40 days, according to... Ceylon Bank placed on rating watch KARACHI, Dec 10: JCR-VIS credit rating company has placed the medium to long term rating of triple B minus and short term rating of A-3 assigned to Bank of Ceylon Karachi... Security Leasing KARACHI, Dec 10: JCR-VIS Credit Rating Company has converted to final the preliminary rating of single A assigned to the proposed TFC-2 of Rs299 million of Security Leasing Corporation.... MCB branch BAHAWALPUR, Dec 10: President, Muslim Commercial Bank, Mohammed Aftab Manzoor, on Tuesday said MCB was playing pivotal role in the country’s economy and was diverting special attention towards the small towns... Satellite launched KARACHI, Dec 10: Paris-based Eutelsat has launched a new satellite W5 Series to extend its coverage on Pakistan with the help of WorldTel MECA.... Dollar retreats against euro LONDON, Dec 10: The dollar retreated against the euro on Tuesday on expectations that a fiscal injection by US President George W. Bush and his new economic team could lead to...

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