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March 22, 2003 Saturday Muharram 18, 1424 IMF asks govt to stop meddling: Power tariff ISLAMABAD, March 21: The International Monetary Fund (IMF) has asked the government not to interfere in the electricity tariffs of Wapda and KESC for political gains and let the pricing system... Cement prices move up by Rs15 per bag KARACHI, March 21: For the first time in five months, prices of cement have started to climb, with retailers booking new orders at Rs180-185 per bag, which is Rs10-15 per bag... SBP for cap on NSS sales KARACHI, March 21: The State Bank of Pakistan has advised the government to consider restricting the sales of NSS (National Saving Scheme) instruments to a budgeted target.... Reduction in corporate tax proposed ISLAMABAD, March 21: The Task Force on Investment has proposed reduction in the corporate tax and called for effective implementation of decisions for attracting local and foreign investment.... ‘Creation of more jobs top priority’ KARACHI, March 21: Senator Abdul Hafeez Sheikh, Adviser to the Prime Minister on Investment and Privatization said on Thursday that government gave top priority to job generation.... CBR asked to amend ST Act ISLAMABAD, March 21: The International Monetary Fund (IMF) has recommended the Central Board of Revenue (CBR) to amend further the Sales Tax Act for bringing more potential taxpayers in the tax... Leather, garment exporters in quandary KARACHI, March 21: Exporters of leather and leather garments are in a quandary as the Iraq war has already started to affect their export contracts. The contracted orders are required to... Sugar purchase offer KARACHI, March 21: The Trading Corporation of Pakistan on Friday accepted the offer of two mills which quoted the lowest rate of Rs19,240 per ton for a quantity of 1,000 tons... Stocks climb; oil, gold prices fall LONDON, March 21: Stocks streaked higher while oil, gold and bond prices fell on a reversal of recent safe-haven flows on Friday as US-led forces advanced deep into southern Iraq with... Japanese investment KARACHI, March 21: The Japanese companies operating in Pakistan have resolved to undertake further efforts to expand trade and investment between Pakistan and Japan.... Freight hike denied KARACHI, March 21: The Export Promotion Bureau’s (EPB) committee on Iraq War held its first meeting on Friday, and reviewed the challenges being faced by exporters.... KSE-100 index crosses 2,600-point barrier KARACHI, March 21: The post-Iraq war buying euphoria was well-sustained on the stock market on Friday as investors continued to build-up long positions on selected counters amid predictions of further cut... Ginners further raise asking prices KARACHI, March 21: Physical activity on the cotton market on Friday remained at a standstill as spinners and mills withdrew to the sidelines after ginners further raised their asking prices well... NWFP yet to get Rs2bn net hydel profit share PESHAWAR, March 21: NWFP has not been released Rs2 billion from its net hydel profit share for the financial year 2002-03 despite the assurance given by Prime Minister Mir Zafarullah Jamali,... Exporters asked to capture African markets FAISALABAD, March 21: Pakistani exporters must adopt aggressive strategies and launch their own joint ventures to capture the fast growing fabric market of Kenya and East Africa, said Dr Safdar Sohail,... NCEL registration criticized KARACHI, March 21: The Karachi Cotton Association (KCA) has urged the government to investigate the surreptitious manner in which the registration had been granted to a company for operating futures contracts... Karachi Port operations KARACHI, March 21: Seven ships carrying steel coils, chemical and general cargo and to load naphtha are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... Simplification of tax laws urged KARACHI, March 21: The President, Karachi Chamber of Commerce and Industry (KCCI), Mian Nasser Hyatt Maggo, has urged the government to evolve mechanism in new budget for containing prices of petrol... Lankan envoy visits fair GUJRANWALA, March 21: Sri Lankan high commissioner in Pakistan Gen C. S. Soria on Friday appreciating industrial exhibition of ‘made in Gujranwala’, expressed the hope that trade relation between Pakistan and... Palm oil prices KUALA LUMPUR, March 21: Crude palm oil (CPO) prices on Malaysia’s Derivatives Exchange are expected to remain bearish in the coming week due to the US-led war on Iraq, dealers said...

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