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July 26, 2002 Friday Jamadi-ul-Awwal 15,1423 Hardly 22pc loans given to farmers: Target for banks KARACHI, July 25: An overwhelming majority of the private commercial banks inducted during 2001-02 in the credit disbursement to farmers have shown contemptuous disregard to State Bank of Pakistan’s directive and... Sugar mills seek export of unsold stock KARACHI, July 25: Huge unsold stock of white refined sugar are lying with the sugar mills, and until export outlets are found carryover stock could create liquidity problems for the crushers.... ECO to cooperate for sustainable farm growth ISLAMABAD July 25: The member states of Economic Cooperation Organisation (ECO) have expressed their determination to coordinate and cooperate in the agriculture sector for achieving a sustainable agricultural development in accordance... Pakistan, Sri Lanka to pool skills: Exportable goods ISLAMABAD, July 25: Pakistan and Sri Lanka on Thursday agreed to pool skills to exploit manufacturing potentials for producing exportable goods.... Exporters paid Rs79bn refund ISLAMABAD, July 25: The Central Board of Revenue paid Rs79.254 billion refund/rebate to exporters during the financial year 2001-02 compared to Rs60.682 billion during the same period last fiscal, showing an... AHSL announces Rs253.6m profit KARACHI, July 25: Arif Habib Securities Limited (AHSL) on Thursday, reported record profit of Rs253.6 million for the financial year ended June 30, 2002, which the company claimed represented the “highest... CBR plans training for new recruits ISLAMABAD, July 25: The Central Board of Revenue is set to impart special training in the relevant subjects to its fresh recruits in the top institutions of the country, aiming at... Textile exports discussed KARACHI, July 25: A high-level meeting on Thursday discussed the strategy to increase country’s textile exports by enhancing coordination between Textile Quota Management office (TQM) and Quota Supervisory Committee (QSC).... Smeda, PNAC sign MoU LAHORE, July 25: Small and Medium Enterprises Development Authority (Smeda) and the Pakistan National Accreditation Council (PNAC) have signed a Memorandum of Understanding (MoU) to promote training and awareness for developing... Stocks decline as follow-up support turns shy KARACHI, July 25: Leading shares on Thursday resisted fresh decline and generally finished partially recovered followed by modest short-covering but the rally remained inconclusive owing to the weakness of PTCL. The... Prices depict modest rise on cotton market KARACHI, July 25: Cotton prices on Thursday showed a modest increase as ginners were reluctant sellers amid predictions of pressure on ready supplies in the coming months.... London stocks surge by 189 points LONDON, July 25: Britain’s FTSE 100 share index surged five per cent for its best percentage gain in over 10 years on Thursday, as investors grasped a glimmer of a recovery... Crescent team, Usman discuss gas price: Qatari pipeline ISLAMABAD, July 25: A delegation of Crescent Petroleum of Sharjah arrived here on Thursday on a three-day visit to hold discussions on a gas price agreement for carrying a gas pipeline... Trade policy termed liberal SUKKUR, July 25: The Sukkur Chamber of Commerce and Industry (SCCI) has termed the trade policy 2002-03 a liberal one and expressed the hope that measures adopted in the policy will... Modaraba firm penalized ISLAMABAD, July 25: The Securities and Exchange Commission of Pakistan (SECP) has imposed monetary penalties on the management of Prudential Group Modaraba allegedly for misappropriation of Modaraba funds.... Dollar lower against euro LONDON, July 25: The dollar fell across the board on Thursday, dropping back through parity with the euro, as the latest rally on Wall Street provided a calmer moment for investors... Malaysian palm oil prices KUALA LUMPUR, July 25: Malaysia’s palm oil market ignored July 1-25 exports data and fell back on Thursday after the Chicago Board of Trade CBOT soy futures lost steam in Asian... Transformers export KARACHI, July 25: The Siemens Pakistan has received an order of five power transformers from Brunei, according to a statement issued here on Thursday.... Banks cautious in clean lending KARACHI, July 25: A major local bank cleared by Privatization Commission as a prospective bidder for state-run United Bank is making desperate inquiries in the inter-bank money market for six-month clean... Karachi Port operations KARACHI, July 25: Berthing activity at the Karachi port on Thursday was maintained on the higher side as the KPT high-ups made arrangements to clear the inward rush of foreign flag...

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