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January 21, 2003 Tuesday Ziqa’ad 17, 1423 Money supply rises in July-Dec KARACHI, Jan 20: Money supply has grown by 9.4 per cent in the first half of this fiscal year against a full-year target of 10.8 per cent. Economists and bankers say... Reforms brighten investment prospects: Energy sector ISLAMABAD, Jan 20: Advisor to the Prime Minister on Finance Shaukat Aziz on Monday said that the energy sector offered attractive opportunities for foreign investors, and that the government has, through... Wapda again deducts Rs89.3m at source: NWFP arrears PESHAWAR, Jan 20: Water and Power Development Authority (Wapda) has once again opted to make at source deduction against the NWFP government’s electricity duty account, official sources told Dawn here on... Phutti arrival up by 9.11pc KARACHI, Jan 20: A sustained arrival of phutti during last fortnight (Jan 1 to 15) has further ensured that the size of the crop (2002-2003 season) will be close to the... Bourses asked to attract new investors ISLAMABAD, Jan 20: Shaukat Aziz, Adviser to the Prime Minister on Finance said on Monday that macroeconomic stability achieved by the government in last three years and capital market reforms bringing... Bilal Fibres KARACHI, Jan 20: For the year 2001, Bilal Fibres Limited had declared interim cash dividend at 5 per cent (50 paisa per share of Rs10) for the minority shareholders. Albeit just... Annual return forms made simpler ISLAMABAD, Jan 20: The Securities and Exchange Commission of Pakistan (SECP) has reframed the format of the Annual Return which is to be filed by companies registered under the Companies Ordinance,... Oil prices edge higher LONDON, Jan 20: Oil prices edged back towards recent two-year high points on Monday as markets, which have been fretting over a possible Gulf war, reacted sceptically to news that UN... Gwadar port BEIJING, Jan 20: China has reassured its support for timely completion of under-construction Gwadar deep sea port.... Joint currency MINSK, Jan 20: The leaders of Russia and Belarus agreed Monday to step up economic integration, announcing that Belarus would adopt the Russian rouble as its national currency on January 1,... Stock market undergoes technical correction KARACHI, Jan 20: Stocks on Monday finished with an extended fall as investors liquidated in part their long positions on selected counters in a bid to adjust their portfolios but there... Japan needs two more years to beat deflation TOKYO, Jan 20: Japan’s top economic advisers said on Monday the country would take more time than earlier predicted to overcome deflation and put itself back on the track of stabler... China to abolish additional import tariffs on steel BEIJING, Jan 20: China said Monday it will exempt some imported steel products from additional tariffs when they reach their import quota ceilings after complaints from domestic manufacturers.... S. Arabia needs faster growth JEDDAH, Jan 20: Opec kingpin Saudi Arabia must have an annual growth rate of over 7.3 per cent for the next 25 years in order to catch up with developed nations,... FBL rates of return KARACHI, Jan 20: Faysal Bank Ltd. (FBL) has announced 0.5-4.75 per cent rate of return on saving deposits for July-December 2002 — the lowest return on deposits of up to Rs25,000... Karachi Port operations KARACHI, Jan 20: Four vessels carrying containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources.... Egypt plans higher gas exports to Europe CAIRO, Jan 20: Egypt unveiled on Monday plans to expand its gas export facilities, capitalizing on its closeness to the European market where demand for the clean fuel is rising.... FGM income rises KARACHI, Jan 20: First Grindlays Modaraba earned an operating income of Rs 552 million in July-December 2002 up from Rs 518 million in a year-ago period.... ICMAP winter results KARACHI, Jan 20: The National Council of the Institute of Cost & Management Accountants of Pakistan (ICMAP) in its 199th meeting held here on Monday announced the results of Winter Examination... Malaysian cars may cost more KUALA LUMPUR, Jan 20: The prices of cars made by Malaysian national firms Proton and Perodua may rise by up to 11 per cent under a new set of excise duties...

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