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December 28, 2002 Saturday Shawwal 23, 1423 US asks Pakistan not to raise quota issue: Meeting next month KARACHI, Dec 27: Commerce Minister Humayun Akhtar Khan on Friday said the United States had asked the government to avoid negotiations on enhancing textile quota and come up with other issues... KSE rally points to investors’ confidence KARACHI, Dec 27: Khalid Mirza, chairman Securities and Exchange Commission of Pakistan (SECP), congratulated the KSE on logging a new record in index and turnover and said that improved governance and... EPB revamping under way KARACHI, Dec 27: Commerce Minister Humayun Akhtar Khan on Friday said that the restructuring plan of Export Promotion Bureau (EPB) is under way with assistance of Asian Development Bank (ADB) which... Shaukat for transparency in tax collection ISLAMABAD, Dec 27: Prime Minister’s Adviser on Finance Shaukat Aziz has said the government was committed to introducing transparency at federal, provincial and districts levels to collect adequate taxes.... Network of SMEs needed to create more jobs LAHORE, Dec 27: Federal Minister for Industries Liaqat Jatoi has said that a viable strategy will be designed to develop a network of the small and medium enterprises (SMEs) to generate... Sugarcane premium price opposed KARACHI, Dec 27: Pakistan Sugar Mills Association (Sindh zone) has criticized the provincial government for fixing higher sugarcane price along with quality premium.... Temporary importation scheme ISLAMABAD, Dec 27: The government is likely to extend the conditional exemption from customs duty and sales tax on temporarily imported goods for its subsequent exportation, said a senior official.... Canadian trade team due in Feb TORONTO, Dec 27: A high-powered Canadian delegation headed by Federal Minister for Industry Allan Rock will soon visit Pakistan to explore possibilities of joint ventures in the industrial sector, officials sources... LSE to elect five directors today LAHORE, Dec 27: About 144 members of the Lahore Stock Exchange (LSE) will elect their five directors for the year 2003 on Saturday.... Oil prices hit 15-month high LONDON, Dec 27: Oil prices climbed above $30 a barrel here on Friday to levels not seen since September 2001, amid rising concerns about the impact of a strike in Venezuela... Defusing of war tension benefits Indian IT industry: Pakistani projects on hold NEW YORK, Dec 27: Defusing of war tensions between India and Pakistan has started paying dividends for Bangalore based information technology industry (IT) which saw business erode last year as the... Ginners, millers lock in price war KARACHI, Dec 27: A tug of war was witnessed on Friday between millers and ginners over raw cotton prices with both the sides trying to tilt the situation in their favour... ST payment procedures ISLAMABAD, Dec 27: The Central Board of Revenue has notified procedures for payment of sales tax on services by customs agents.... Record increase in remittances from Kuwait KUWAIT CITY, Dec 27: A record increase in remittances from Kuwait has been noted during the financial year 2001-2002, crossing the figure at $89.66 million as compared to $26.40 million for... Two firms penalized ISLAMABAD, Dec 27: The Enforcement and Monitoring Division (EMD) of Securities and Exchange Commission of Pakistan has penalized the chief executives of three listed companies for their failure to prepare and... PICIC Bank, Dawlance sign MoU KARACHI, Dec 27: PICIC Commercial Bank will offer consumer banking in a big way to finance the purchase of home appliances from next month.... HK exports HONG KONG, Dec 27: Hong Kong’s total exports of goods in November rose 17.3 per cent from last year to US$18.1 billion on sharp export growth to the US and China,... Investment BEIJING, Dec 27: Overseas investment in China is expected to surge past $50 billion this year as companies scramble to be part of China’s red-hot economy, state press said on Friday.—AFP...

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