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January 10, 2002 Thursday Shawwal 25, 1422 140 sick unit owners refused relief KARACHI, Jan 9: The sponsors and owners of more than 140 sick industrial units have failed to convince the private sector dominated Committee for Revival of Sick Industrial Units to get... NWFP facing resource crunch PESHAWAR, Jan 9: Due to non-payment of net-hydel profit share by Wapda and reduced payments made by Islamabad to Peshawar from the Federal Divisible Pool (FDP), NWFP experienced resource crunch during... Ghee, cooking oil producers raise prices KARACHI, Jan 9: Majority of branded ghee and cooking oil producers have taken back the consumer price off scheme, announced in Ramazan, thus bringing back the prices at old levels due... Iraq may allow private sector to handle shipment: Wheat exports KARACHI, Jan 9: Iraq has agreed to give due consideration to Pakistan’s request to allow private sector for handling wheat exports, being purchased under phase 11 of the UN programme ‘oil-for-food’,... Autonomous status to EAC, NPO soon ISLAMABAD, Jan 9: The federal government has decided to grant autonomous and limited companies status to Expert Advisory Cell (EAC) and National Productivity Organization (NPO) very soon.... DTRE scheme Receives favourable response ISLAMABAD, Jan 9: Finance Minister Shaukat Aziz said here on Wednesday that most of the exporters and textile industries were opting for Duty and Tax Remission for Export (DTRE) scheme.... Sigma Leasing: CORPORATE PROFILE KARACHI, Jan 9: It is unfortunate that not a single shareholder came forward to subscribe to the Sigma Leasing Corporation Limited’s issue of 5 million right shares in the ratio of... KSE 100-share index rises on active short-covering KARACHI, Jan 9: Stocks on Wednesday rose from the previous lows on active short-covering aided largely by predictions of easing of military standoff with India on the borders after the president’s... IMF sees growth in developing states TOKYO, Jan 9: Solid growth in developing countries will help the global economy expand in 2002 despite a worldwide slump aggravated by the September 11 terrorist attacks, a senior official from... Spinners make selective buying KARACHI, Jan 9: Physical business on the cotton market on Wednesday lacked aggressiveness as spinners made selective purchases of quality lots and did not go for a “big kill” after the... Govt urged to cut mark-up on long-term loans KARACHI, Jan 9: The president, Lasbela Chamber of Commerce and Industry (LCCI), Maqsood Ismail, has urged the government to reduce mark-up rates on long-term industrial loans to ensure capital formations as... BD seeks $300m financing facility from IMF DHAKA, Jan 9: The Bangladesh government has decided to request the International Monetary Fund for a $300 million loan under its compensatory financing facility (CFF) to shore up low level of... SECP bars co from making interest-free investment ISLAMABAD, Jan 9: The Securities and Exchange Commission of Pakistan (SECP) has restrained a listed company from making interest-free and unsecured advances of Rs30 million to its associated company to protect... Soneri, Al Habib declare PLS rates KARACHI, Jan 9: Two private banks Soneri and Al Habib declared on Wednesday their respective rates of returns on various profit and loss accounts for the period July to Dec 2001.... Malaysian palm prices lower KUALA LUMPUR, Jan 9: Trading in Malaysian palm oil shuffled back and forth on Wednesday with players first selling, then buying on fresh speculation about Indonesia’s Belawan port, before the market... Port Qasim KARACHI, Jan 9: Two ships, Nur Yembo and Jian She, to offload chemicals and edible oil were allotted berths at Marginal Wharf during the last 24 hours, says a PQA press... Turkish trade fair from Feb 16 KARACHI, Jan 9: About 31 Turkish companies would display their 250 products at a four-day Turkey-Pakistan partnership exhibition being held at the Expo Centre from Feb 16 to 19, 2002, Karachi.... Euro LONDON, Jan 9: The euro bobbed around just above the 89 US cent mark on Wednesday while the yen recovered from fresh three-year lows against the dollar after a top Japanese... Oil prices fall LONDON, Jan 9: Oil prices fell on Wednesday after the latest snapshot of the US market betrayed a sharp fall in demand for crude-based products.... Smeda, SKP sign pact LAHORE, Jan 9: Small and Medium Enterprise Development Authority (Smeda) has signed an agreement with a known consultancy firm to provide modern book-keeping and accounting services to small and medium businesses...

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