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April 26, 2002 Friday Safar 12, 1423 Banks offer ‘generous’ loans to spinners: Value-added sector ignored KARACHI, April 25: Banks continue to offer generous financial assistance to the spinners, contemptuously ignoring the value added textile sectors in matter of allocation of loans.... ECC goes ahead with Wapda corporatization ISLAMABAD, April 25: The Economic Coordination Committee of the Cabinet (ECC) on Thursday approved corporatization/ commercialization of Wapda, and also agreed on extension of guarantee to PIA for bridge financing worth... Govt to enhance SNGPL, SSGC rate of return ISLAMABAD, April 25: The government has decided to increase the rate of return to gas utilities — SNGPL and SSGC — and revalue their assets to maximise privatization proceeds and private... Auditors Objections on FPCCI accounts KARACHI, April 25: The annual accounts of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the year ended June 30, 2001, adopted by its general body on April... Mega projects launching within this month ISLAMABAD, April 25: A number of new mega development projects worth billions of rupees including Lyari Express Way, Northern Bypass and greater water supply schemes are being launched within this month... Rupee appreciation IMF for more forex spending: COMMENT KARACHI, April 25: The IMF wants more spending of foreign exchange, whose increased inflow has inflated the dollar reserves and triggered a stronger rupee.... Hubco posts Rs1.8bn profit KARACHI, April 25: The Hub Power Company Limited (Hubco) announced net profit of Rs1.8 billion for the quarter ended March 31, which came close to analysts’ expectations. The company Board which... KSE index declines by 16.80 points on late selling KARACHI, April 25: A late burst of selling in most of the leading shares again pushed the market into the minus column on Thursday despite a firm start and presence of... Companies can opt for delisting: SECP chief: Code of Corporate Governance KARACHI, April 25: Securities and Exchange Commission of Pakistan (SECP) chairman Khalid Mirza on Thursday said those companies which did not like to fall under the ambit of ‘Code of Corporate...