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January 17, 2003 Friday Ziqa'ad 13, 1423 Wapda deducts Rs1.8bn at source: NWFP arrears PESHAWAR, Jan 16: Water and Power Development Authority (Wapda) deducted at source a total of Rs1.8 billion during 2001-02 on account of electricity arrears payable by the NWFP government’s departments, according to... Inspector appointed to probe ARL affairs ISLAMABAD, Jan 16: The Securities & Exchange Commission of Pakistan has appointed an inspector to conduct an investigation into the affairs of Attock Refinery Limited, a privatized listed company.... Govt identifies four drivers of economic growth ISLAMABAD, Jan 16: The government has identified four major drivers of growth — agriculture, small and medium enterprises (SMEs), oil and gas sector and information technology — to accelerate the pace... Singapore seeks development forum revival ISLAMABAD, Jan 16: Singapore has asked Pakistan to activate Singapore-Pakistan Development Forum to enhance bilateral trade and investment in Pakistan’s services sector.... UTP prices KARACHI, Jan 16: The clause 5(3)f of the Offering Document of Unit Trust of Pakistan provides that if on any day during the week the variation of the Net Asset Value... Stocks take technical pause, up by 5.23 points KARACHI, Jan 16: Stocks on Thursday took a technical pause apparently before resuming their onward drive to the next crucial index level of 3,000 points powered by a judicious blend of... Remittances rise by 118.63pc in July-Dec KARACHI, Jan 16: The State Bank of Pakistan (SBP) said on Thursday foreign exchange inflows through banks rose to $2.148 billion in the first six months of fiscal 2002-03 (July/December) from... Pak Oman board reviews performance KARACHI, Jan 16: The 7th Board meeting of Pak Oman Investment Company was held on Thursday at the company’s head office in Karachi which was chaired by H.E. Yahya Bin Said... Shell, Smeda sign MoU to train youth KARACHI, Jan 16: Shell Liverwire Trust (SLT) and Small and Medium Enterprise Development Authority (Smeda) has entered into an agreement to provide necessary technical skills to the youth, enabling them to... Spinners, exporters remain active buyers KARACHI, Jan 16: Cotton market on Thursday gave another firm performance as both spinners and exporters remained active buyers at the current levels amid an actively traded session.... Oil prices surge on Blix comments LONDON, Jan 16: Oil prices surged to their highest level in more than two years here on Tuesday as the risk of war in Iraq appeared to grow after UN chief... Import ban on used boiler hits industry KARACHI, Jan 16: The ban imposed on import of second-hand boilers has impeded the progress of export-oriented textile processing industries.... Karachi Port operations KARACHI, Jan 16: Six ships carrying containers, crude oil and to load naphtha are expected to arrive at the outer anchorage on Friday, according to KPT sources.... $7.081m orders booked at Heimtextile KARACHI, Jan 16: Pakistani exporters received 866 trade enquiries and booked orders worth $7.081 million in bedlinen and towels category at Heimtextile trade fair.... Euro holds firm against dollar LONDON, Jan 16: The euro pushed higher against a broadly weaker dollar on Thursday, homing in on a new three-and-a-half-year high, as worries over the anaemic pace of US economic recovery... Palm oil prices higher KUALA LUMPUR, Jan 16: Malaysian palm oil futures closed mostly higher on Thursday but still mired in a sideways range as players remained uncertain about the outlook despite talk of a... Two banks declare profit rates KARACHI, Jan 16: The Habib Bank AG Zurich on Thursday declared the following rates of profit for the half year ended December 31, 2002, says a press release.... Indian rupee MUMBAI, Jan 16: The Indian rupee ended firmer on Thursday, coming off lows after a bout of dollar sales by companies and robust trade inflows.... Tokyo, Osaka most expensive cities LONDON, Jan 16: The Japanese cities of Tokyo and Osaka remain the world’s most expensive to live in, a new survey by the Economist Intelligence Unit reported on Thursday.... WTO ruling BRUSSELS, Jan 16: The European Commission welcomed on Thursday a WTO ruling against a US law on anti-dumping duties, saying Washington must now repeal the law rapidly....

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