25 November 2004 Thursday 12 Shawwal 1425 PPIB asked to hold competitive bidding: 600mw plant at Uch ISLAMABAD, Nov 24: The federal government has asked Private Power and Infrastructure Board (PPIB) to hold international competitive bidding (ICB) to set up a 600-mw power plant at Uch gas field. ... Unification of tax culture, laws stressed KARACHI, Nov 24: Asia Oceania Tax Consultants Association (AOTCA) President Dr Jongtae Koo said on Wednesday that he perceived an active role for the organization after deepening of political and economic relations between member countries ... SBP raises TBs yields to fight inflation KARACHI, Nov 24: The State Bank on Wednesday raised yields on three-month and one-year treasury bills by more than half a percentage point to signal to the market that it was ready to tighten the interest rates aggressively to contain soaring inflation. ... FCY deposits rise to $2.94 billion KARACHI, Nov 24: Combined foreign currency deposits of the all the banks operating in Pakistan rose to $2.94 billion at end-October from $2.671 billion at end-June ... Exporters hopeful of meeting target KARACHI, Nov 24: After experiencing an abrupt fall in export trade in October, when it was down to $933 million from over $1 billion in September, the exporters are looking ahead November and the coming months with hope ... IMF informed about delay in tariff notification ISLAMABAD, Nov 24: Pakistan has formally informed the International Monetary Fund (IMF) about the delay in notification of latest tariffs of eight distribution companies of Wapda, as these tariffs fell short of cost recovery for the power entities. ... Sugarcane output in Punjab, Sindh may fall ISLAMABAD, Nov 24: The sugarcane production in two major provinces - Sindh and Punjab - is expected to be considerably lower as compared to the last year, affecting the required supply of major raw material for the production of white sugar to mills ... Industrial strategy to be ready by January 2005 LAHORE, Nov 24: Federal Minister for Industries, Production and Special Initiatives Jehangir Khan Tarin on Wednesday said that the National Industrial Strategy would be finalized by mid of January next year ... Investment in Chinese goods import on rise PESHAWAR, Nov 24: The import of Chinese goods has attracted a substantial amount of investment with a several number of small investors stepping into this new business in the Frontier province during the recent past. ... TCP clarifies report KARACHI, Nov 24: The Trading Corporation of Pakistan (TCP) has claimed that its intervention in the cotton market has stabilized lint prices. ... Active trading on cotton market KARACHI, Nov 24: Active trading was witnessed on the cotton market on Wednesday as spinners and mills continued to build-up long positions at the current levels owing to comfortable supply position in the backdrop of higher crop estimates. ... Energy shares push index higher by 18.73 points KARACHI, Nov 24: Stocks on Wednesday maintained upward drive on strong buying in energy shares, notably PPL fuelled by reports of new oil finds and perceptions of higher payouts. ...

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