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July 10, 2002 Wednesday Rabi-us-Sani 28,1423 Manufactured goods exports fetch $8.32bn ISLAMABAD, July 9: The contribution of manufactured and semi- manufactured goods in exports rose to 91.24 per cent in 2001-02, as compared to 89.68 per cent during the preceding year, according... EoIs invited for Thatta Cement ISLAMABAD, July 9: Privatization Commission has invited expressions of interest (EoIs) for the sale of minimum of 90 per cent shares of Thatta Cement Company Limited ‘on as is where is... LHC orders status quo on oilfield: OGDCL operatorship ISLAMABAD, July 9: The Lahore High Court (LHC), Rawalpindi bench, has directed the Oil and Gas Development Company Limited (OGDCL) to maintain status quo on the development of $3.5 billion Chanda... CBR recovers Rs336.85m in taxes from PQA KARACHI, July 9: The tax authorities have recovered Rs336.85 million from the Port Qasim Authority (PQA) in taxes after attaching their bank accounts, CBR sources said on Tuesday.... Bush vows tough penalties for corporate fraud NEW YORK, July 9: US President George W. Bush proposed tough new criminal penalties for wayward executives, vowing to root out corruption and “cooking the books” in a speech on Tuesday... National Bank financial results today KARACHI, July 9: National Bank of Pakistan (NBP) — Pakistan’s largest commercial bank — is to announce financial figures for the year ended Dec 31, 2001, on Wednesday.... $452m dollar bonds encashed in 2001-02 KARACHI, July 9: The volume of the special US dollar bonds in circulation shrank by $452 million in the outgoing fiscal year.... Rupee up in inter-bank market KARACHI, July 9: The rupee gained two paisa against the US dollar in the inter-bank market on Tuesday. It closed around 60.12/60.14 to the dollar for ready buying and selling against... SME Bank recovers Rs4.5bn ISLAMABAD, July 9: The SME Bank has made total recoveries of Rs4.5 billion over the past 28 months, says a press release issued here on Tuesday. The bank, which commenced operations... Sugar price on rise KARACHI, July 9: The wholesale prices of 100 kg sugar bag rose by Rs100 per bag to Rs2,130-2,150 on Tuesday as compared to Rs2,040-2,050 per 100 kg a few days earlier.... Leading base shares lead fall on stock market KARACHI, July 9: Stocks suffered fresh pruning on Tuesday as investors were watching the tactical moves of the institutional traders before riding the bandwagon in an oversold market, ensuring a fair... Economic growth picks up across Asia MANILA, July 9: East Asia is on track to post 5.8 per cent economic growth this year, slightly better than earlier forecast, despite uncertainty surrounding the US recovery, the Asian Development... Millions blocked in refund: APCEA FAISALABAD, July 9: The chairman, All Pakistan Cloth Exporters Association (APCEA), Mian Muhammad Latif, has warned the government that exports of textile would collapse if huge backlog of sales tax refund... SECP asks LSE to restore service charges ISLAMABAD, July 9: Securities and Exchange Commission of Pakistan has directed the Lahore Stock Exchange to restore immediately the service charges on trade abolished by the latter last February.... Karachi Port operations KARACHI, July 9: Cargo handling activity at the wharves of the Karachi port remained slow for the second day on Tuesday because of delay in arrivals of ships.... Internet subscribers now 400m ISLAMABAD, July 9: The world market of internet subscribers has reached 400 million mark and is showing a growth rate of 100 per cent.... Award for Shaukat KARACHI, July 9: Ten leading trade associations have decided to give Shaukat Aziz the best finance minister award for which a ceremony would be held in August this year.... NJI informs KSE about CU takeover KARACHI, July 9: New Jubilee Insurance Company Limited confirmed to the Karachi Stock Exchange on Tuesday that it was in talks for takeover of Commercial Union Life Assurance Company (Pakistan) Limited.... Forward trading in new crop begins KARACHI, July 9: Forward trading in new crop was resumed on the cotton market on Tuesday as ginners both from the lower Sindh and the southern Punjab sold 600 bales, signalling... APFEA election KARACHI July 9: Turhan Baig Mohammed has been unanimously re-elected chairman of All Pakistan Furniture Exporters Association (APFEA) for 2002-03, says a press release....

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