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September 23, 2003 Tuesday Rajab 25, 1424 OPIC may not approve financing for textile KARACHI, Sept 22: The textile sector may not be considered for project financing out of the $100 million facility the Citibank has earmarked for project financing after entering into a risk-... Dead ‘peace clause’ to benefit 3rd world KARACHI, Sept 22: Developing states are likely to evolve a new strategy for the WTO meeting scheduled for mid-December 2003 as the demise of “peace clause” under the Uruguay round by... Special counters for returns filing KARACHI, Sept 22: The Southern Region of Income Tax, Karachi has set up separate counters for receiving returns from ladies and senior citizen. These counters will start functioning from Tuesday on... Expats asked to invest in Pakistan ISLAMABAD, Sept 22: Finance Minister Shaukat Aziz has urged Overseas Pakistanis to actively invest in Pakistan.... PICIC to set up insurance company KARACHI, Sept 22: Pakistan Industrial Credit and Investment Corporation (PICIC) proposes to establish an insurance company that would offer general insurance services.... Duties on ware-housed Afghan items waived KARACHI, Sept 22: Pakistan has waived all duties and demurrage on Afghanistan-bound merchandise which were imported and stored in bonded warehouse at Karachi Port for the last several years.... State Bank modifying financing for LMM KARACHI, Sept 22: The State Bank may come up with an improved version of its scheme for financing locally manufactured machinery. The SBP is reframing the scheme to make it simpler... Fines under export finance scheme KARACHI, Sept 22: The State Bank has slightly lowered scales of fines under the export finance scheme.... Gold shoots up by Rs168 KARACHI, Sept 22: Gold prices have shot up by Rs168 per 10 grams in the local markets to close at Rs7,210 on Monday from Rs7,042 per 10 grams on September 18,... Soya sales MUMBAI, Sept 22: India has resumed soyameal sales to Pakistan after a near three-year gap and is tapping markets in South Korea and Europe to more than double its exports during... Nervous selling sends stocks crashing by 177 points KARACHI, Sept 22: Stocks on Monday fell across the board on nervous selling caused by fears of political turmoil followed by an apparent failure of talks between the government and the... Opec likely to maintain current output quotas: Vienna meeting tomorrow DHAHRAN, Sept 22: Despite the weakening oil prices and Iraq attending the Vienna oil producers’ ministerial meeting for the first time since the US occupation, the oil-producing group Opec is expected... Lint prices touch new peaks KARACHI, Sept 22: Trading on the cotton market on Monday resumed on a higher note as pent-up mill demand came in a big way and lifted prices to new seasonal peak... Software for stocks hedging KARACHI, Sept 22: A local software developer has been in talks with some members of the Karachi Stock Exchange (KSE) to sell a software it has designed for hedging and arbitrage... Pakistan to export 0.1m tons wheat KARACHI, Sept 22: Pakistani agriculture minister said on Monday that the country planned to resume its stalled wheat export programme to maintain a presence in the global market.... Karachi Port operations KARACHI, Sept 22: Six vessels carrying containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Women role in economic development KARACHI, Sept 22: Sindh’s Information Secretary Ms Mehtab Rashidi has called for giving due consideration to women role in economic and social development while framing the macroeconomic policies.... Dollar three-year low against yen LONDON, Sept 22: The dollar dropped sharply on Monday, plunging to a three-year low against the yen, after a call by G7 nations for “flexibility” in exchange rates dealt a blow... Palm oil prices up KUALA LUMPUR, Sept 22: Malaysian palm oil futures ended up again on Monday, briefly touching a three-month high, helped by strengthening exports and a continuous rise in rival US soyaoil.... SBP sucks in Rs22.5bn KARACHI, Sept 22: The State Bank on Monday mopped up Rs22.5 billion from an excessively liquid banking system drying it up before the grand auction of Rs25 billion Pakistan Investment Bonds...

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