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February 26, 2003 Wednesday Zul Hijjah 24, 1423 ECC allows Wapda to issue bonds worth Rs7bn ISLAMABAD, Feb 25: The Economic Coordination Committee of the Cabinet (ECC) here on Tuesday decided to allow Wapda to issue bonds worth Rs7 billion, and granted permission to traders to import... KASB proposes merger with Platinum Bank KARACHI, Feb 25: Khadim Ali Shah Bukhari & Company Limited (KASB) proposes to merge with Platinum Commercial Bank Limited, which would be the first merger of a stock brokerage firm with... Tariff rates for textile may be rationalized ISLAMABAD, Feb 25: The federal government on Tuesday constituted two committees to rationalize tariff structure for the textile sector before June this year and see whether textile machinery manufacturing was possible... Removal of TV from negative list to hit industry: Afghan Transit Trade KARACHI, Feb 25: The local television assemblers fear collapse of the industry, besides unemployment of over 30,000 people in case the government signs an agreement with the Afghan government to remove... Tariff concession KARACHI, Feb 25: Leader of the Burundi’s trade delegation, Ndikumasabo Hermenegilde has said that his country is ready to reciprocate in case the Pakistani government provides tariff concession on various products... $750m expected from PSO sell-off ISLAMABAD, Feb 25: The government is expected to raise $550 million to $750 million from the sale of its 51pc stake in Pakistan State Oil, which is scheduled to be auctioned... BD cuts import duty on rice KARACHI, Feb 25: Bangladesh has cut import duty on rice from 29 per cent to 7.5 per cent. The move has been made to encourage the imports in order to meet... Burundi interested in strong trade ties KARACHI, Feb 25: Burundi trade delegation has shown keen interest in close cooperation in various fields of trade and industry, including textile, pharmaceuticals, food processing and agriculture products.... PTCL half year results ISLAMABAD, Feb 25: Pakistan Telecommunications Company Limited (PTCL) will unveil its earnings for the first half of its fiscal year on Thursday, a company spokesman said on Tuesday.... Iraq’s oil exports UNITED NATIONS, Feb 25: The volume of oil exported by Iraq under UN supervision was again stable last week at 11.9 million barrels, the office administering the UN oil-for-food programme said... TCP to sell 12,000 tons of sugar KARACHI, Feb 25: The Trading Corporation of Pakistan (TCP) said on Tuesday it had issued a tender to sell 12,000 tons of white refined sugar from government-owned stocks next month.... Stocks finish with extended fall of 61 points KARACHI, Feb 25: Stocks on Tuesday finished with an extended fall under the lead of energy sector as leading investors adhered to the sidelines most of the time, apparently awaiting the... NWFP gets Rs550m from federal transfers PESHAWAR, Feb 25: Federal government has recently released a sum of Rs550m to NWFP from direct federal transfers for the 2001-02 financial year, according to official sources.... Bullish trend on cotton market KARACHI, Feb 25: Cotton market on Tuesday maintained a bullish outlook as ginners further raised their asking prices but spinners and mills remained active buyers irrespective of the continued price flare-up.... USAS to ensure quality of tax assessments ISLAMABAD, Feb 25: The Central Board of Revenue (CBR) will reduce the bulk of paper work within the next three years by introducing automation in the income tax department for ensuring... Sindh seeks cut in power tariff for industries KARACHI, Feb 25: Sindh government has approached the federal government, Wapda and KESC to reduce electricity tariff for industries in Sindh and make it at par with rest of the country.... Karachi Port operations KARACHI, Feb 25: Four ships carrying containers, high speed diesel and to load molasses are expected to arrive at the outer anchorage on Wednesday, according to KPT sources.... Dollar lower against yen LONDON, Feb 25: The dollar was under pressure on Tuesday, weighed down by United Nations discord over Iraq and heavy falls on Wall Street as the euro received a boost from... Palm oil slips KUALA LUMPUR, Feb 25: Malaysia’s palm oil futures softened in late trading on Tuesday as disappointing export data pulled prices lower, traders said.... Pakistan, Azerbaijan cooperation in customs ISLAMABAD, Feb 25: The government is likely to initiate shortly dialogue on signing of a customs cooperation agreement with Azerbaijan....

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