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July 18, 2002 Thursday Jamadi-ul-Awwal 7, 1423 Private sector to get Rs94bn in 2002-03 KARACHI, July 17: The private sector borrowing from the banks has been set at Rs94.7 billion for the fiscal July-June 2002-03.... Consortium granted licence for exploration ISLAMABAD, July 17: The government on Wednesday granted a petroleum exploration licence to a joint venture of local and foreign companies to undertake exploration activities in Sukkur and Khairpur districts of... Single digit interest rates aimed at: Shaukat tells Aptma ISLAMABAD, July 17: Finance Minister Shaukat Aziz on Wednesday said the government was trying to have a single digit interest rates of the banks in order to promote greater trade and... NTC preliminary verdict shortly: Tinplate dumping ISLAMABAD, July 17: The National Tariff Commission (NTC) will shortly issue its preliminary verdict on the first case filed by a Pakistani industrialist against a foreign exporter of tinplate under the... KSE 100-share index gains another 28 points KARACHI, July 17: Stocks on Wednesday maintained their upward drive as investors continued to build-up long positions at the lower levels almost on all the counters. The KSE 100-share index recovered... Dollar sheds 35 paisa more in kerb KARACHI, July 17: The US dollar lost 35 paisa or more than 0.5 per cent against the rupee in the kerb market on Wednesday in line with its fall against the... Ghee makers resume operations ISLAMABAD, July 17: Pakistan Vanaspati Manufacturers’ Association (PVMA) on Wednesday called off its strike on the government’s assurance to consider/accept the demands.... MCB submits enhanced offer for UBL ISLAMABAD, July 17: The Muslim Commercial Bank Group has submitted its enhanced offer to acquire 51 per cent government shareholding in the United Bank Limited.... Spinners lift all lots at lower levels KARACHI, July 17: Active trading was witnessed on the cotton market on Wednesday as spinners lifted all the lots offered by the ginners at the lower levels.... NWFP to spend Rs17.7bn on salaries PESHAWAR, July 17: In an attempt to bring down the escalating establishment cost eating up to 50 per cent of the total annual revenue receipts, the NWFP government is underlying measures... WTCA to help in HBL, Al-Falah sell-off LOS ANGELES, July 17: The US-based World Trade Centre Association (WTCA) has assured Pakistan in helping in upcoming privatization of Habib Bank Ltd (HBL) and Bank Al-Falah.... Three banks announce profit rates KARACHI, July 17: State-run National Bank has announced 3.30 per cent profit on saving accounts for the half year ended on June 30, 2002.... Karachi Port operations KARACHI, July 17: Five ships carrying containers, general cargo and high speed diesel are expected to arrive at the outer anchorage on Thursday.... Malaysian palm oil loses steam KUALA LUMPUR, July 17: Malaysian palm oil futures lost their footing after Chicago Board of Trade (CBOT) futures fell back in Asian trade following forecasts of scattered rains in the US... Sri Lanka tea prices climb COLOMBO, July 17: Sri Lanka tea prices rose at the latest weekly auction on improved demand for all qualities, brokers said on Wednesday.... PICIC profit up KARACHI, July 17: PICIC Commercial Bank said on Wednesday its deposits rose by 90 per cent and profits by 41 per cent during the half year ended on June 30, 2002.... ST refund payments by month-end KARACHI, July 17: Finance Minister Shaukat Aziz on Wednesday assured to clear all the outstanding sales tax refund payments pertaining to year 2001, within next 15 days.... Ratings KARACHI, July 17: JCR-VIS Credit Rating Company has reaffirmed the medium to long term rating of single A and short term rating of A-1 assigned to Security Investment Bank Ltd....

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