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January 10, 2003 Friday Ziqa’ad 6, 1423 Informal traders make huge imports: Edible oil KARACHI, Jan 9: Who is making a quick buck in edible oil imports, which went up by about 54 per cent in last six months despite a rise in international prices?... Exports of manufactured goods surge by 16pc: July-Dec period ISLAMABAD, Jan 9: Exports of manufactured goods surged by nearly 16.30 per cent to $4.71 billion during the period July-December 2002, over the corresponding period of previous year, according to foreign... Modaraba sector set to grow KARACHI, Jan 9: Modarabas performed well last fiscal year and they hope to do even better this year.... Incentives for kinoo export in paper carton: Meeting tomorrow KARACHI, Jan 9: The Export Promotion Bureau (EPB) is actively considering providing some incentives to kinoo exporters of paper carton and has called upon a meeting on Saturday with the stakeholders... Garment Exporters refused US visa KARACHI, Jan 9: The US embassy has refused visas to a number of leather garments exporters who have booked space in “Source International” exhibition being held in New York from Sunday.... France may invest in engg sector ISLAMABAD, Jan 9: France and Singapore are expected to make direct and joint venture investments in Pakistan’s engineering sector, a government official has told Dawn.... First half dutiable imports up by 12.05pc ISLAMABAD, Jan 9: The value of dutiable imports increased by 12.05 per cent during the first half of the current financial year.... Insurance co allowed to do business KARACHI, Jan 9: Jupiter Insurance Company Limited said that it had been permitted by the Securities and Exchange Commission of Pakistan (SECP) to underwrite business.... 90,000 tons rice exported in first half KARACHI, Jan 9: Rice exports registered a remarkable increase of 90,000 tons during the first half (July-Dec) of current fiscal and earned $38 million more over the corresponding period of FY2000-01.... PSDE annual meeting ISLAMABAD, Jan 9: The 18th Annual General Meeting and Conference of the Pakistan Society of Development Economists (PSDE) will be held here from January 13 to 15.... KSE 100-share index breaks 2,800-point barrier KARACHI, Jan 9: The KSE 100-share index on Thursday confidently broke through the barrier of 2,800 points, continuing its march to the next target of 3,000 points aided by strong buying... Opec chief expects output hike from Feb 1 NEW DELHI, Jan 9: Opec President Abdullah al-Attiyah said on Thursday he expected any rise in Opec output quotas to take effect on February 1, and that the hike should be... Prices remain stable on cotton market KARACHI, Jan 9: Cotton prices on Thursday remained stable around the previous level in the absence of hasty selling from the ginners despite falling mill demand.... NLC extends operations beyond borders KARACHI, Jan 9: The National Logistic Cell (NLC) has extended its transportation operations beyond the national frontiers by providing haulage services to Iran, Turkey, Central Asian Republics and Afghanistan.... Banking diploma exam results KARACHI, Jan 9: The Council of Institute of Bankers Pakistan has announced the result of Banking Diploma Examination held in October, 2002, says a press release. Following roll numbers have passed... Atlas Bank rating upgraded LAHORE, Jan 9: The long-term entity rating of Atlas Investment Bank Ltd has been upgraded by the Pakistan Credit Rating Agency (Pacra) to “A-” (single A minus).... HBL declares profit rates KARACHI, Jan 9: Habib Bank Ltd on Thursday declared Profit Rates on various categories of PLS Deposits for the 2nd half of the year ended December 31, 2002, says a press... BoE holds rates steady LONDON, Jan 9: Bank of England policymakers voted on Thursday to hold the central bank’s main interest rate steady at 4.0 per cent for the 14th month in a row, despite... Karachi Port operations KARACHI, Jan 9: The activity on the Karachi Port is expected to further pick up as nine ships carrying containers, general cargo, chemicals and steel coils are expected to arrive on... Smallest chips TOKYO, Jan 9: Japanese hi-tech giant Toshiba said Thursday it will start production of the world’s smallest mass produced semiconductors this spring....

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