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May 3, 2002 Friday Safar 19, 1423 Strike brings down output by 50 per cent: Industrial activities KARACHI, May 2: Production in three main industrial enclaves in and around the city is estimated to have come down by at least 50 per cent on Thursday because of the... SBP wants to keep interest rate stable`: Rs32.9bn T-bills sold KARACHI, May 2: The State Bank has once again signalled to the market that it would not let the interest rates destabilize. This time the central bank has sent the signal... Growers forced to sell wheat at below Rs300: Procurement price KARACHI, May 2: A bumper wheat crop is causing financial hardships to the farmers who are finding it difficult to get officially fixed procurement price of Rs300 for 40 kg, and... Reforms: donors warn against inconsistency KARACHI, May 2: The international donor community has “cautioned” Pakistan against “playing politics” with the reform programme.... PSO sell-off to complete by Aug 31 ISLAMABAD, May 2: As four leading firms appear ready to run for 51 per cent strategic shares, the government has decided to complete the privatization process of Pakistan State Oil (PSO)... First preference stock in 40 years KARACHI, May 2: If the decision by Dewan Salman Fibre Limited (DSFL) to issue preference shares goes through, it would be the first preferred stock to make a comeback in the... Emirates to buy planes worth $15bn KARACHI, May 2: Like all other airlines, Emirates too remained under pressure of the global recession and the fall out effects of the September 11 event during the outgoing year 2001-02.... Cotton seminar KARACHI, May 2: The Karachi Cotton Association (KCA) and All Pakistan Textile Mills Association (Aptma) are holding a joint seminar on ‘Cotton Production, Quality Improvement and Hedge Trading in Cotton,’ on... KSE-100 index ends lower KARACHI, May 2: Stocks on Thursday turned in an easy performance as fears of violence in the backdrop of early morning bomb blasts affected the trading as investors were worried over...