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December 27, 2002 Friday Shawwal 22, 1423 Bulls go berserk on stock market KARACHI, Dec 26: Bulls went berserk on the Karachi Stock Market on Thursday, when the bourse set several all-time high records: Highest ever single day turnover; highest daily traded value of... New policy to focus on growth, employment KARACHI, Dec 26: Pakistan’s strategic planners are looking with growing concern and anxiety the visible improvement in net growth of India as compared to Pakistan, forcing them to consider a basic... Gas pipeline to benefit region, says Khatami LAHORE, Dec 26: Iranian President Seyed Mohammad Khatami has underscored the importance of enhancing regional economic and trade cooperation, saying that the proposed multi-billion dollar “project of laying a gas pipeline... Sick units survey under way LAHORE, Dec 26: The ministry of industries is conducting surveys to work out the viability of the ‘unintentionally’ sick industrial units in the public and private sectors to revive and generate... Iran asks Pakistan to set standard for rice KARACHI, Dec 26: Iran has asked the commerce and finance ministry to set a “standard” for the Pakistani rice, to be met by Pakistani exporters of rice as per requirement of... Fudda briefs Shaukat on upsurge KARACHI, Dec 26: Shaukat Aziz, the Adviser to the Prime Minister on Finance & Economic Affairs appreciated the performance of the stock market and observed that the current upsurge in share... 3 exchange companies to start work from Jan KARACHI, Dec 26: Khanani & Kalia International has got the SBP licence to work as a foreign exchange company. This is the third company to have got this licence. NBP Exchange... Citigroup appointed PIA lender KARACHI, Dec 26: Pakistan International Airlines Corp (PIAC) and the Citibank Pakistan on Thursday held a ceremony to mark the appointment of Citigroup as the guaranteed lender under the US Eximbank... Oil companies profit in percentage termed unjust LAHORE, Dec 26: The oil distribution companies are earning over Rs40 billion profits, which, if curtailed could bring down power tariff substantially and huge relief to common man.... Wapda releases Rs500m to NWFP PESHAWAR, Dec 26: Water and Power Development Authority has released Rs500 million to NWFP against its total annual share of net hydel profit for the financial year 2002-03, according to official... Cotton market rules firm KARACHI, Dec 26: Steady conditions prevailed on the local cotton market where prices generally remained at the pre-holiday level on a fairly sustained mill buying.... Asset-backed TFCs shortly KARACHI, Dec 26: United Bank Ltd is structuring and advising Rs990 million three-year listed term finance certificates backed by present and future receivables of Paktel Limited.... Ishrat for mobile banking KARACHI, Dec 26: The State Bank of Pakistan Governor Dr Ishrat Hussain wants Pakistani banks to go ahead with M-banking and M- commerce as number of cellular phone holders is on... PLGMEA seeks Korean help KARACHI, Dec 26: Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) has urged Export Promotion Bureau (EPB) to hire the services of Korean technicians to improve the quality of leather garments.... Karachi Port operations KARACHI, Dec 26: Only one ship Global Paramount to unload containers is expected to arrive at the outer anchorage on Friday, according to KPT sources.... ICAP seminar KARACHI, Dec 26: The southern regional committee of Institute of Chartered Accountants of Pakistan has recently organized a seminar on “Review and reporting on internal control in the context of corporate... Efforts on to attract investment LAHORE, Dec 26: Federal Minister for Industries Liaqat Jatoi has stressed for rapid industrialization in the country to control the ever-increasing unemployment.... Joint venture companies LAHORE, Dec 26: Iran Chamber of Commerce, Industries and Mines’ international affairs deputy president Dr Freydoon Entezari has called for the joint venture of companies in Iran and Pakistan.... Palm oil prices up KUALA LUMPUR, Dec 26: Malaysian palm oil futures ended up after data from the market’s cargo surveyors showed shipments for the first 25 days of December were as strong as those... Commodity markets MULTAN, Dec 26: The following are Thursday’s upcountry commodity market rates in rupees:...

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