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March 5, 2002 Tuesday Zilhaj 20, 1422 CCoP okays listing of 5pc shares in HBL ISLAMABAD, March 4: The Cabinet Committee on Privatization (CCoP) on Monday approved the listing and Initial Public Offering (IPO) of 5 per cent Government of Pakistan (GoP) shares in Habib Bank... Industrial consumption of POL falls by 5pc KARACHI, March 4: The industrial consumption of petroleum, oil and lubricants (POL) products fell by 5 per cent during July- February 2001-2002 as compared to the same period of 2000-2001.... Dollar on the recovery path KARACHI, March 4: The US dollar on Monday touched Rs 60.20 for selling in the inter-bank market and Rs 60.10 in the open market. Senior bankers said the greenback closed at Rs60.18/Rs60.20 for ready buying and selling against weekend’s close of Rs60.16/ Rs60.18.... IDBP to corporatized KARACHI, March 4: The government has decided to corporatize Pakistan Industrial Development Bank (IDBP) to prepare it for privatization.... Cotton arrival declines by 2.27pc KARACHI, March 4: Cotton arrival at ginning factories depicted a decline of 2.27 per cent to 9.62 million bales till March 1, said a report here on Monday.... Code of corporate governance unveiled ISLAMABAD, March 4: Securities and Exchange Commission of Pakistan (SECP) on Monday unveiled the Code of Corporate Governance that, inter alia, requires every company which is listed or proposed to be... SBP chief for concessional loans KARACHI, March 4: The State Bank Governor Dr. Ishrat Husain says that Pakistan will strive to get concessional loans as part of a strategy to keep the stock of external debt... Khushhali Bank has network in 30 districts KARACHI, March 4: The Khushhali Bank (KHB) has established retail microfinance network in 30 districts since its inception in August 2000, the Khushhali Bank’s President Ghalib Nishtar informed a delegation of... PTCL plans package for corporate sector ISLAMABAD, March 4: Pakistan Telecommunication Company Limited (PTCL) has prepared a special package containing multiple services and reduction in tariff for the corporate sector of the country.... OMV to start exploring 3rd gas field DUBAI, March 4: Austrian oil company OMV will begin exploration of a new gas field in Pakistan, its third in the country, in two weeks, a senior company official said on... Sale offers readily absorbed at dips on KSE KARACHI, March 4: Stocks on Monday resumed trading on a hesitant note as a section of leading investors opted for profit-selling in the blue chips at the inflated levels but there... AG refers Rs7bn fraud cases to NAB ISLAMABAD, March 4: Auditor General of Pakistan (AGP) has sent 32 cases of serious financial irregularities of various ministries and divisions worth more than Rs7 billion to National Accountability Bureau (NAB).... Ginners not ready to lower asking prices KARACHI, March 4: Cotton market on Monday consolidated the weekend gains as ginners were not inclined to lower their asking prices despite larger unsold stocks lying in their godowns.... India imposes quota curbs on Nepali goods KATHMANDU, March 4: Disregarding worldwide trends towards free and unrestricted trade, India has introduced restrictions on Nepali goods through a renewed treaty which takes effect on Wednesday (March 6). It is... Romania wants close trade links ISLAMABAD, March 4: A trade & industry delegation from Romania here on Monday stressed the need for establishment of close links between the business communities of their country and Pakistan in... FBL new branch opened SIALKOT, March 4: Provincial Finance Minister Tariq Hameed on Monday said that the government has focused its attention on the early revival of the economy.... Karachi Port operations KARACHI, March 4: Five ships carrying containers, general cargo and tallow are due to arrive at the outer anchorage on Tuesday.... Drawback facility ISLAMABAD, March 4: The government has notified duty drawback facility on export of core spun yarn with lycra.... Diesel imports to rise by 24pc SINGAPORE, March 4: Pakistan’s diesel imports will rise by 24 per cent in the second quarter from the first, due to the annual planting season and demand from military forces in... Oil prices dip LONDON, March 4: Oil prices dipped on Monday as Opec and Russia launched talks in Moscow on shoring up a key pact on restricting supply....

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