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December 19, 2003 Friday Shawwal 24, 1424 PPIB okays $838 million four power projects ISLAMABAD, Dec 18: Private Power & Infrastructure Board (PPIB) of the Federal Ministry of Water and Power has approved four power projects with cumulative capacity of 770-mw at an estimated cost... American cos plan further investment KARACHI, Dec 18: The number of American Business Council (ABC) member companies have come down from 58 in 2002 to 54 this year. Out of these 54 companies, 41 or 76... Islamabad, Jakarta agree to cut duty on 200 items a ISLAMABAD, Dec 18: Pakistan and Indonesia have agreed to reduce customs duty on 200 tradable items at sixth digit level for increasing the flow of bilateral trade... Stocks ignore LFO deadlock, recover 27 points KARACHI, Dec 18: Stocks on Thursday recovered from the recent lows followed by active short-covering at the lower levels apparently ignoring the possible negative fallout of the deadlock over the LFO... Govt to suffer Rs580m loss on sugar exports KARACHI, Dec 18: The Trading Corporation of Pakistan has to sustain losses to the tune of Rs580 million on exports of 100,000 tons of white refined sugar purchased from the mills... July-November Banks give Rs16.5bn loans to exporters KARACHI, Dec 18: Banks made Rs16.5 billion export loans in the first five months of the current fiscal year on higher demand from eligible borrowers.... All WTO bodies under SSC proposed ISLAMABAD, Dec 18: The Senate’s Special Committee (SSC) on “Challenges of WTO” has proposed to bring all committees and task forces, established in various ministries on WTO related matters, under the... Saarc chambers’ symposium ISLAMABAD, Dec 18: The Saarc Chambers of Commerce and Industry will hold a symposium on regional cooperation for formulating a vision and policy action for a better future for the people... KSE okays Worldcall’s provisional listing KARACHI, Dec 18: The Karachi Stock Exchange has approved the provisional listing of cable Internet firm Worldcall Broadband Ltd...... Zarai Bank extends date for NPLs settlement ISLAMABAD Dec 18: Zarai Taraqiati Bank Limited (ZTBL) has extended the last date for clearance of the outstanding amounts under settlement package of non-performing loans up to December 31, 2003.... IMF satisfied with economic outlook ISLAMABAD, Dec 18: An International Monetary Fund team led by Milan Zavadjil, Division Chief in the Middle East and Central Asia Department, on Wednesday completed a staff visit as part of... China and Japan want to supply farm machinery ISLAMABAD, Dec 18: The visiting business delegations from Japan and China have shown their keen interest in providing cooperation in the field of manufacturing and supply and transfer of technology in... Lint prices resist fresh fall KARACHI, Dec 18: Cotton market on Thursday resisted fresh decline as ginners did not indulge in fresh selling and held on to their positions amid predictions of pressure on ready supplies... Tata asked to vacate FPCCI post KARACHI, Dec 18: FPCCI vice-president Eng M.A. Jabbar has urged the incumbent president of the apex chamber, Riaz Ahmed Tata, to honour his commitment and immediately vacate the post on completion... Karachi Port operations KARACHI, Dec 18: Berthing activity at the wharves was maintained on the higher side on Thursday as port agencies cleared the inward rush of incoming vessels, according to KPT sources.... Malaysia, UAE investors ISLAMABAD, Dec 18: UAE and Malaysian investors have expressed their willingness to invest in power projects, oil refineries and real estate.... Company award KARACHI, Dec 18: The Banker magazine of the Financial Times group of the UK conferred the prestigious company awards 2003 on the Hub Power Company (Hubco).... Port Qasim KARACHI, Dec 18: Three ships with containers and general cargo were allotted berths at QICT and MPT during the last 24 hours, said a PQA press release on Thursday.... $400m bond DUBAI, Dec 18: Dubai government-owned Emirates airline said on Thursday it will issue a $400 million international seven-year bond in early 2004 with a floating rate interest.... Earnings NEW YORK, Dec 18: Investment bank Goldman Sachs Group said on Thursday its quarterly earnings surged, helped by record bond and commodities trading revenues and a lead position in the global...

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