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May 28, 2002 Tuesday Rabi-ul-Awwal 15,1423 WEEKLY KESC capital raised to Rs100bn KARACHI, May 27: At the extraordinary general meeting on Monday, shareholders’ in Karachi Electric Supply Corporation Limited (KESC) approved the increase in authorized capital from Rs50 to Rs100 billion and the... Wapda told to utilize funds by June ISLAMABAD, May 27: The Wapda authorities have been directed by the Chief Executive Secretariat to utilize Rs16.5 billion allocated for Ghazi Barotha Hydropower Project, Chashma Hydropower Project and Bahsha Dam by... Chinese bikes inventory building up KARACHI, May 27: Four assemblers of relatively cheap Chinese motorcycles are reporting inventory build up because the Sindh Excise and Taxation has stopped registration of these two wheelers for the last... Dollar up in inter-bank market KARACHI, May 27: The US dollar gained four paisa more against the rupee in the inter-bank market and finished at Rs60.12/ Rs60.14 for ready... SECP redesigns returns form ISLAMABAD, May 27: The Securities & Exchange Commission of Pakistan (SECP) here on Monday notified certain significant changes in the forms of the statutory returns which are required to be filed... Code of corporate governance backed KARACHI, May 27: Tax experts and consultants were of unanimous view that the Code of Corporate Governance will greatly assist in developing the much-needed corporate culture, which could protect local and... China seeks WTO ruling on legality: US steel tariffs GENEVA, May 27: China on Monday became the latest country to ask the World Trade Organization (WTO) to rule on whether US steel tariffs conform to international trade rules, the WTO... FPCCI for talks to ease tension LAHORE, May 27: The President of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Iftikhar Ali Malik, has appealed to the international community to urge India to refrain from... IDBP seeks Rs17bn to stay afloat KARACHI, May 27: More than 40 years old Industrial Development Bank of Pakistan (IDBP) is begging for a cash injection of over Rs17 billion to make it viable and operational by... Rs17.3bn injection halts cash crisis KARACHI, May 27: The State Bank injected about Rs17.3 billion into inter-bank market on Monday to help banks fight the ongoing withdrawals from rupee deposits and to keep interest rate stable.... KSE index recovers another 52 points KARACHI, May 27: Stocks on Monday rose further across a broad front amid hopes that the peace initiative launched by the big two could defuse the prevailing border tension between Pakistan... Member legal may oversee appellate authorities ISLAMABAD, May 27: The government is likely to place appellate authorities under the control of Member Legal, CBR, for effective monitoring and evaluation of their performance.... Karachi Port operations KARACHI, May 27: Four ships including Lady Nie carrying 20,000 tons of soyabean oil are due to arrive at the outer anchorage on Tuesday, according to KPT sources.... Lever plans to change name KARACHI, May 27: Lever Brothers Pakistan Limited proposes to change company name to Unilever Pakistan Limited, a company announcement said on Monday.... Unido offers funds to small enterprises KARACHI, May 27: The United Nations Industrial Development Organization (UNIDO) will give more participation to the Pakistani private sector in its future programmes mainly on transfer of technology in the areas... Prices of 16 items up ISLAMABAD, May 27: Prices of as many as 16, out of the 51 essential items included in the Sensitive Price Indicator (SPI) rose during the week ending May 23 as compared... Selective buying on cotton market KARACHI, May 27: Physical trading on the cotton market on Monday was slow as spinners remained selective buyers depending on the quality of lint in trade.... Agreement KARACHI, May 27: Union Bank has signed an agreement with American Express to issue Rupee billed American Express cards in Pakistan, says a press release on Monday.... Dollar firmer against euro LONDON, May 27: The dollar traded mildly firmer against the euro and the yen in holiday-thinned trading on Monday with a lack of fresh market impetus giving the greenback some respite... Gold prices higher LONDON, May 27: Gold held close to its highest mark in more than two years on Monday afternoon, as the metal held firm on fears of a full-blown India-Pakistan war, although...

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