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January 18, 2003 Saturday Ziqa'ad 14, 1423 Sri Lanka, BD, Vietnam potential markets: Cement export KARACHI, Jan 17: Sri Lanka, Bangladesh and Vietnam are being looked up as new destinations for export of Pakistan’s cement and market watchers believe that of the 2-3 million tons of... NWFP announces relief package for defaulters: Bad loans of FCB PESHAWAR, Jan 17: In an effort to recover over Rs210 million bad loans of the liquidated Frontier Cooperative Bank (FCB), the NWFP government on Friday announced to waive Rs170m interest payable... Eight insurance firms fail to get new registration ISLAMABAD, Jan 17: The Securities and Exchange Commission of Pakistan has not granted new certificates of registration to eight insurance companies that could not meet the requirements laid down under the... 8,000 apply for Shell jobs sans vacancy KARACHI, Jan 17: Shell Pakistan, a multinational oil distribution company, has received 8,000 job applications without asking for one or placing any advertisement in the newspapers, Saleemuddin Ahmad, external affairs director,... ADB plans workshops on SMEs LAHORE, Jan 17: The Asian Development Bank plans to organize a series of workshops to finalize a working strategy for its SME development programme in Pakistan.... Strong support prevents larger fall on KSE KARACHI, Jan 17: Stocks on Friday ran into weekend profit-selling as investors took profits at the inflated levels but larger fall was averted thanks to presence of strong support at the... Hubco rules out February dividend KARACHI, Jan 17: Pakistan’s main electricity operator Hub Power Company on Friday ruled out making a first-half dividend payout in February, but said its board may reconsider the issue at a... Revenue collection up by 15pc in July-Dec ISLAMABAD, Jan 17: The revenue receipts registered an increase of over Rs1 billion to Rs201.430 billion during the first half of the current financial year against the target of Rs200 billion... WB adviser satisfied with LTU working KARACHI, Jan 17: World Bank adviser on institutional development, human resources and training system William V Mayville has expressed his satisfaction over the working of Large Taxpayers Unit (LTU).... SBP asks banks to submit NPL status KARACHI, Jan 17: The State Bank of Pakistan on Friday advised all the banks and Development Finance Institutions to submit status of cases being settled under its guidelines on write-off of... Buying spree continues on cotton market KARACHI, Jan 17: Brisk trading was witnessed on the cotton market on Friday as both spinners and mills made extensive covering purchases at the current level amid predictions of pressure on... Global oil demand grows in 2002 PARIS, Jan 17: Despite a weak economic growth, global oil demand grew by 390,000 barrels per day last year, bringing consumption to 76.9 million bpd, estimates released Friday by the International... Ibad assures promotion of industries KARACHI, Jan 17: Sindh Governor Dr Ishratul Ibad has assured industrialists that they will be provided all the facilities and incentives available to other industrialists in the country and there will... Gold price surges to six-year high LONDON, Jan 17: The price of gold surged to its highest level in nearly six years here on Friday as investors scrambled for safe-haven assets amid mounting concerns about the prospect... Karachi Port operations KARACHI, Jan 17: Five ships carrying containers, crude oil and to load molasses are due to arrive at the outer anchorage on Saturday, according to KPT sources.... Mirza for more automation at SECP ISLAMABAD, Jan 17: Securities and Exchange Commission of Pakistan chairman Khalid A. Mirza on Friday directed the company registration offices (CROs) to expedite completion of arrangements for making company registration online.... Dollar lower against yen LONDON, Jan 17: The dollar was under fire against a broad range of currencies on Friday, sliding to fresh multi-month lows against both the euro and Swiss franc on rising worries... Palm oil prices fall KUALA LUMPUR, Jan 17: Malaysia’s palm oil futures closed lower in thin trading on Friday as players stayed on the sidelines, waiting for next week’s crop data.... Three banks profit rates KARACHI, Jan 17: Allied Bank of Pakistan on Friday announced following profit rates for the half year ended December 31, 2002, says a press release.... Refund ordered ISLAMABAD, Jan 17: The Federal Tax Ombudsman (FTO), Justice Saleem Akhtar, has directed the collector of customs to release the refund of Rs0.976 million to a complainant shortly....

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