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April 12, 2002 Friday Muharram 28, 1423 Taxpayers to maintain accounts from July 1: IT rules being amended PESHAWAR, April 11: Maintenance of accounts and documents for persons of all income groups, including small traders, businessmen and professionals, would become mandatory from the start of the next financial year,... Oil prices likely to remain unchanged: OCAC meets on 15th KARACHI, April 11: The Oil Companies Advisory Committee (OCAC) is holding its scheduled meeting on Monday (April 15) amidst market reports that prices of petroleum products for the consumers may remain... SBP seeks interest rate stability: Injects Rs6.3billion KARACHI, April 11: The State Bank on Thursday injected Rs6.3 billion into cash-strapped money market to keep interest rates stable.... NWFP to get $400 million World Bank loan PESHAWAR, April 11: The NWFP is set to get $400 million soft-term loan from the World Bank under Programmatic Structural Adjustment Credit (PSAC) facility, official sources told Dawn here on Wednesday.... UK oil firm to invest $8 million ISLAMABAD, April 11: A British Company Nativus Resources with its joint venture RDC International will invest $8 million for oil and gas exploration in 2,344 square kilometres area of Qila Saifullah... Downward drift halted: index recovers 17 points KARACHI, April 11: The recent downward drift was halted on the stock market on Thursday as investors covered positions in most of the pivotals, putting it back on the rails amid... Wheat godowns Banks told to start loaning KARACHI, April 11: The State Bank has asked heads of the banks to ensure disbursement of agricultural loans to needy farmers and flour millers for construction of wheat godowns and silos.... Chamdia expects new KSE record KARACHI, April 11: Karachi Stock Exchange chairman Salim Chamdia said on Thursday the outlook of the local capital market had altogether changed after September 11 events, raising hopes from the KSE-100... Indian red chillies released KARACHI, April 11: Customs have released 2,600 tons of Indian red chillies, imported by some parties, after conducting micro-biological test at the PCSIR.... PICIC pre-tax profit rises LAHORE, April 11: The pre-tax profit of PICIC rose by 153 per cent to Rs296 million in FY2001 from Rs117 million in FY2000, says its managing director Mohammad Ali Khoja.... Farm sector to have insurance cover: ADBP ISLAMABAD, April 11: Financial sector comprising ADBP, banking institutions and leasing companies is working out an effective mechanism to provide insurance cover to the agriculture sector, mainstay of the country’s economy.... Cotton prices fall on hasty selling KARACHI, April 11: Cotton prices eased further on Thursday as ginners continued to indulge in hasty selling to get themselves out from the phenomenon of larger unsold stocks and falling mill... Duty drawback facility notified ISLAMABAD, April 11: The government has notified duty drawback facility on export of different kinds of fuse links.... Pakistan, Bhutan to enhance trade ISLAMABAD, April 11: Pakistan and Bhutan have agreed to accelerate trade activities under the SAARC agreements of South Asian Free Trade Area (SAFTA) and South Asian Preferential Trade Area (SAPTA).... Malaysian palm oil prices lower KUALA LUMPUR, April 11: Malaysian palm oil futures were lower on Thursday as players unwound positions ahead of the release of March output, end-month stocks and exports data.... Karachi Port operations KARACHI, April 11: Five ships carrying general cargo, containers and chemicals are expected to arrive at the outer anchorage on Friday, according to KPT sources.... TCP accepts bids for 0.129m tons of wheat KARACHI, April 11: The Trading Corporation of Pakistan (TCP) has accepted bids for export of 129,900 tons of wheat at the rate of $104.40 per ton, it was announced here on... KSE timings KARACHI, April 11: The Management of the KSE on Thursday decided to observe the new trading schedule with effect from Friday till further notice.... Investment KARACHI, April 11: Cyber Net, a leading internet service provider, has announced to invest $2.25 million for extending Internet services in 28 cities of Pakistan by acquiring cooperation of PTCL, said... New delivery system KARACHI, April 11: Pakistan State Oil (PSO) has introduced computerized product load acknowledgement system that will ensure proper and timely delivery of product loads to Wapda and independent power producers (IPPs).—APP...

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