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January 29, 2003 Wednesday Ziqa’ad 25,1423 Factors hampering investment identified ISLAMABAD, Jan 28: The Task Force on Investment here on Tuesday identified impediments like law and order situation, excessive utility charges, drawbacks in tax system and absence of commercial courts which... Uncertainty over Iraq adds to slowdown ISLAMABAD, Jan 28: Adviser to Prime Minister on Finance, Shaukat Aziz, who has recently attended the World Economic Forum in Davos, on Tuesday said world economic community is concerned about slow-down... Car sales rise by 30pc in first half KARACHI, Jan 28: Car sales rose by 30 per cent in the first half of 2002-2003. Assemblers predict 15-20 per cent rise in car sales by the end of current fiscal... HBL offers debt write-off scheme LAHORE, Jan 28: The Habib Bank Limited (HBL) is ready to accommodate any of its borrowers wishing to get his debt written off even outside the debt write-off scheme recently given... Oil prices rise on Iraq warning LONDON, Jan 28: Oil prices climbed on Tuesday on rising worries about the threat to Middle East supplies of a war in Iraq after Baghdad said it had not ruled out... Shares in CDC investor account swell to 1.309bn KARACHI, Jan 28: The Central Depository Company of Pakistan Limited (CDC), stated in its Annual Report 2002 that the number of shares in its Investor Account Services (IAS) had swelled to... Gold prices fall LONDON, Jan 28: Gold’s bull run was put on hold in European trade on Tuesday as funds waited for US President George W. Bush to signal the next move in the... Surplus money and sluggish market KARACHI, Jan 28: A major challenge as well as opportunity facing policy makers is how to employ the growing foreign exchange reserves/surplus money to spur economic growth. The key issue is... Meeting with PSO bidders delayed ISLAMABAD, Jan 28: The Privatization Commission has delayed a second meeting with companies interested in bidding for a 51-per cent stake in Pakistan State Oil until February 19, an official said... Egypt pound CAIRO, Jan 28: Egypt will liberalize its exchange rate from Wednesday, dropping a managed peg system and allowing banks to set rates freely, delegates at an economic conference quoted the central... Profit-selling pushes index down by 89.60 points KARACHI, Jan 28: Stocks on Tuesday again ran into profit selling at the inflated levels as investors hastened to get out of the market after unloading their long positions, pushing the... Primary market development tops SECP agenda ISLAMABAD, Jan 28: Development of primary market is one of the important objectives constituting future agenda of the Securities and Exchange Commission of Pakistan.... EU, ASEAN back new trading regime BRUSSELS, Jan 28: The European Union and Southeast Asia on Tuesday held out the prospect of a trade pact between their regions, but said the priority for now should be to... Selective selling on cotton market KARACHI, Jan 28: Cotton prices on Tuesday remained stable as ginners indulged in selective selling amid predictions of pressure on supplies in the coming weeks. Ready offtake was, therefore, only a... Riyadh public debt stands at $173 billion RIYADH, Jan 28: In its 38th annual report, the Saudi Arabian Monetary Agency (SAMA) has emphasized the need of tackling the kingdom’s huge public debt, saying it would have an adverse... Dollar up ahead of Bush’s speech LONDON, Jan 28: The dollar perked up on Tuesday a day after heightened geopolitical tensions sent shares plummeting and the US unit reeling to fresh multi-year lows against a range of... SBP chief meets NWFP governor PESHAWAR, Jan 28: The Governor, State Bank of Pakistan (SBP), Dr Ishrat Husain, called on NWFP Governor Syed Iftikhar Hussain Shah here on Tuesday.... Turkish trade deficit up ANKARA, Jan 28: Turkey, which is emerging from recession, saw its trade deficit increase by 39.6 per cent in the first 11 months of last year, the state statistics institute said... World stock markets steady LONDON, Jan 28: World stock markets showed signs of steady on Tuesday after recent heavy falls, but worries about the threat to the global economy of a war in Iraq kept... Malaysian palm oil mixed KUALA LUMPUR, Jan 28: Malaysian palm oil futures ended mixed on Tuesday after a choppy day that saw position squaring and short covering ahead of the Lunar New Year holiday, traders...

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