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September 28, 2002 Saturday Rajab 20, 1423 Business council to open trade avenues: Pakistan-US ties ISLAMABAD, Sept 27: Pakistan-US Business Council is being set up in Washington on September 30 to increase trade and economic cooperation between the two countries.... Banks cry for cash ahead of elections KARACHI, Sept 27: Many local and foreign banks had to borrow Rs25 billion overnight funds from the State Bank on Friday primarily to average out their mandatory cash reserves. But some... Pesco sell-off process gets under way: EoI for FA invited ISLAMABAD, Sept 27: The Privatization Commission (PC) on Friday invited Expression of Interest (EOI) from the reputed international consortia to act as the Financial Advisor for the privatization of Peshawar Electric... President okays pharma industrial policy ISLAMABAD, Sept 27: President General Pervez Musharraf has overruled objections of the health ministry over industrial policy for pharmaceutical sector and has directed its immediate implementation.... Research in oilseed to boost output ISLAMABAD, Sept 27: Pakistan will import edible oil amounting to Rs25 to Rs30 billion this year to meet the domestic requirements.... Singapore trade team due in Nov KARACHI, Sept 27: A high profile Singaporean trade mission, comprising investors and businessmen, will visit Pakistan from November 24-29 to explore and develop trade and investment ventures.... Razak, Numata discuss trade ISLAMABAD, Sept 27: Ambassador of Japan to Pakistan, Sadaki Numata on Friday called on Commerce Minister Abdul Razak Dawood and discussed with him matters relating to enhancement of bilateral trade.... EU, US come under fire at WTO moot GENEVA, Sept 27: The agricultural systems of the world’s two top trading powers, the European Union and the United States, came under fire on Friday when formal challenges were launched against... Shares repurchase offer KARACHI, Sept 27: Anwar Textile Mills Limited announced that two majority shareholders would buy back shares held by all other stakeholders at Rs80 per share.... MAP elects office-bearers KARACHI, Sept 27: Waqar Ajmal Chaudhry of First Grindlays Modaraba and Khanzada Yousuf Hassan Khan of First Punjab Modaraba have been elected as the chairman and vice chairman of Modaraba Association... Stocks maintain upward trend on weekend session KARACHI, Sept 27: Stocks on Friday maintained their uppish leaning as investors continued to build up long positions on the counters where dividend announcements are due and the lower levels, which... Sialkot to have direct trade link with Asean SIALKOT, Sept 27: The Asean countries on Friday offered technical assistance and necessary guidance, besides some direct trade relations to Sialkot business community for enhancing the mutual trade.... Trading slow on cotton market KARACHI, Sept 27: Physical trading on the cotton market slightly slowed down on Friday as ginners further raised their asking prices followed by reports of holding back of phutti stocks by... Karachi Port operations KARACHI, Sept 27: Seven ships carrying containers and to load molasses are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... Riyadh invited Japan to invest in gas sector RIYADH, Sept 27: While the ongoing discussion with the oil majors is yet to reach a conclusion, Saudi Arabia has invited Japanese business houses to invest in its downstream and upstream... Drawback payment thru banks urged KARACHI, Sept 27: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged Finance Minister Shaukat Aziz to arrange payment of duty drawback to exporters through banks.... Finland interested in joint venture: Afghanistan ISLAMABAD, Sept 27: A 12-member Finland Trade Promotion Mission led by Ambassador Tarja Laitiainen, on Friday discussed in detail with the secretary, BoI, Shuja Shah the possibilities of participation in new... Dollar steady in London LONDON, Sept 27: The dollar held steady against other leading currencies, a day after favourable economic data and surging US stocks prices propelled the US unit higher.... FHBM profit KARACHI, Sept 27: First Habib Bank Modaraba (FHBM) posted profit before charging management fee at Rs90 million for the year ended June 30, 2002, reflecting a significant jump from Rs60 million... Elected KARACHI, Sept 27: Khalid Rasheed Chaudhry and Mahesh Kumar have been elected as chairman and vice chairman, respectively, of Pakistan Cotton Ginners’ Association (PCGA) for the year 2002-03....

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