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April 24, 2003 Thursday Safar 21, 1424 Overseas Pakistanis to get top priority: Investment facilities KARACHI, April 23: Steps are being taken to facilitate the rehabilitation and setting up of business enterprises for the overseas Pakistanis. Expatriates in the US are deeply hurt by the harsh... Shaukat to visit Gwadar port KARACHI, April 23: Federal Finance Minister Shaukat Aziz is leading a team of bankers and businessmen to Gwadar port on Monday (April 28) to assess the business and investment potential of... CIRC trying to trace defaulters’ properties: Rs23.545bn NPAs LAHORE, April 23: The Corporate & Industrial Restructuring Corporation (CIRC) has engaged private asset tracking agencies to trace personal properties or other assets of directors and owners of the 38 units... ECNEC okays 25 projects worth Rs68.529bn ISLAMABAD, April 23: The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved 25 projects amounting to Rs68,529.602 million with foreign exchange component of Rs20,500.612 million.... Govt allows FOTCO to set up new oil jetty ISLAMABAD, April 23: The government has decided in principle to allow Fauji Oil Terminal Company (FOTCO) to set up $24 million new oil jetty at Port Qasim to meet increasing oil... PIA chief defends deal with Boeing KARACHI, April 23: The decision to acquire Boeing aircraft was in the best interest of Pakistan International Airlines (PIA) and in no way linked with any other business activity.... Options, index trading on KSE by year-end KARACHI, April 23: The Karachi Stock Exchange (KSE) will start options and index trading by the end of current calendar year.... 90pc of SBP forex reserves outside Pakistan KARACHI, April 23: Some 90 per cent of the foreign exchange reserves owned by the State Bank of Pakistan are placed with the banks headquartered outside the country — and a... Hubco profits fall by 4.1pc KARACHI, April 23: Pakistan’s biggest private power producer, Hub Power Co, announced on Wednesday a 4.1 per cent drop in profit for the first nine months of the 2002-03, broadly in... KSE 100-share index recovers 30 points KARACHI, April 23: Stocks on Wednesday swung to the plus column as leading investors covered positions at the lower levels after the central bank clarifies that it is not limiting bank... Opec likely to cut production VIENNA, April 23: Wary of a worldwide glut of oil with the Iraq war over, Opec is ready to cut production to keep prices in its target range of $22-28 a... Karachi Port operations KARACHI, April 23: Five ships carrying containers, palm oil and to load naphtha are expected to arrive at the outer anchorage on Thursday, according to KPT sources.... TCP unable to buy onions ISLAMABAD, April 23: The Trading Corporation of Pakistan has expressed its inability to purchase 25,000 tons of onions from Balochistan because of financial constraints.... GCCI members to go on strike GUJRAT, April 23: The office-bearers of defunct GCCI have decided to approach the secretary commerce against the sealing of Gujrat Chamber of Commerce and Industry by the Punjab government.... Govt urged to allow import of used car KARACHI, April 23: Karachi Chamber of Commerce and Industry president Nasser Hyatt Maggo has urged the government to allow import of used cars. He says the car assemblers’ monopoly has resulted... HSBC seminar KARACHI, April 23: Hong Kong and Shanghai Banking Corporation held a seminar on changing financial environment in Pakistan to keep its customers abreast of the latest changes and developments taking place... FTA: S. Lanka to give concessions LAHORE, April 23: In order to pave the way for signing of Free Trade Agreement (FTA), Sri Lanka is willing to give Pakistan special concessions on export of rice, onions and... Cotton prices show modest rise KARACHI, April 23: After ruling static for the last couple of sessions, cotton rates on Wednesday showed a modest increase signalling the revival of mill demand amid fears of an imminent... Palm oil prices up KUALA LUMPUR, April 23: Malaysian palm oil futures closed higher on Wednesday in a technical bounce after losses in the past two days, traders said.... Leather committee SIALKOT, April 23: An special committee comprising Collector Sales Tax Lahore and PLGMEA (northern zone) members has been constituted to resolve the problems of leather garments exporters within a week....

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