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January 22, 2002 Tuesday Ziqa’ad 7, 1422 Scope of KIBOR expanded: 1-2 week rates quoted KARACHI, Jan 21: Bankers on Monday wrote some history again by expanding the scope of KIBOR or Karachi inter-bank offered rates to one-week and two-week tenures and increased its validity from... Nine oil, gas fields: bidding on April 15 ISLAMABAD, Jan 21: The bidding for working interest of the government in nine oil and gas fields would take place on April 15, the Privatisation Commission announced here on Monday.... Plan under way to boost auto sale LAHORE, Jan 21: The government is working out a detailed plan to boost the local sales of automobiles, says Commerce Minister Abdul Razak Dawood.... FIA, CBR set up body to sort out dispute KARACHI, Jan 21: The Central Board of Revenue (CBR) and the Federal Investigation Agency (FIA) have agreed to set up a joint technical committee to sort out a dispute between these... SECP chief seeks investment in capital market LONDON, Jan 21: Drastic structural economic reforms and current indicators in Pakistan point towards a very attractive environment in the Capital Market and overseas Pakistanis should take lead in making investment,... HBL offers finance in dollars KARACHI, Jan 21: Habib Bank Ltd (HBL) will provide pre-shipment finance in US dollars to its customers against Letters of Credit (LCs) or firm contracts for up to a maximum period... Trade team for Geneva ISLAMABAD, Jan 21: A three-member official delegation will leave for Geneva on Tuesday to attend Pakistan’s second trade policy review, an official source told Dawn on Monday.... Hubco, PTCL, PSO lead declines on stock market KARACHI, Jan 21: Stocks on Monday took a technical breather as a section of leading investors took profits at the inflated levels but the broader market performed credibly well thanks to... Lever Brothers Pakistan KARACHI, Jan 21: On Monday, Lever Brothers Pakistan Limited — the consumer products giant — announced fourth quarter (October-December 2001) — after tax profit amounting to Rs331 million on sales valued... NWFP raises over Rs145m under three heads PESHAWAR, Jan 21: The NWFP government has raised over Rs145m under the heads of mutation fee, stamp duty and registration fee during the first six months of the current financial year,... Karachi Port operations KARACHI, Jan 21: Ship movements on the Karachi Port were maintained on the higher side on Monday thanks to steady arrivals and sailings of foreign flag vessels.... ICMAP results KARACHI, Jan 21: The Institute of Cost and Management Accountants of Pakistan announced the following results for winter-2001 examination on Monday.... SECP directive LAHORE, Jan 21: The SECP will take action against the companies and their chief executives as well as directors, if they fail to regularize their defaults of filing statutory returns under... Appointment KARACHI, Jan 21: The ICI Pakistan Limited has notified that Munnawar Hamid has retired on December 31, 2001.... Slow trading on cotton market KARACHI, Jan 21: Trading on the cotton market remained slow as ready demand did not pick up in the absence of leading spinners who appear to be more worried over the... General Insurance rated AA LAHORE, Jan 21: Pakistan Credit Rating Agency (Pacra) has assigned an Insurer Financial Strength (IFS) rating of “AA” (double A) to International General Insurance (IGI) Company of Pakistan Ltd.... 3 banks declare rates of return KARACHI, Jan 21: Faysal Bank Ltd paid only one per cent return in July-December 2001 to its saving account holders having a minimum balance of less than Rs25,000.... Two major investment moots next month KARACHI, Jan 21: Two major international conferences on promotion of investment in Pakistan are to be held next month in which leading investors and fund managers from various parts of the... KESC billing zones KARACHI, Jan 21: The KESC has started restructuring of billing zones and the first zone is being set up at Defence where one-window facility will be offered to all the KESC... Oil price LONDON, Jan 21: The price of oil held steady here on Monday in quiet trading, with the US market shut for the Martin Luther King holiday....

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