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January 31, 2003 Friday Ziqa’ad 27, 1423 Wapda to float Rs7bn bonds by mid-Feb ISLAMABAD, Jan 30: Water and Power Development Authority (Wapda) would float Rs7 billion energy bonds in February to meet cash targets under $350 million structural adjustment credit (SAC-II).... Governance code for insurance cos notified ISLAMABAD, Jan 30: Securities and Exchange Commission on Thursday notified the Code of Governance for insurance companies. The code is aimed at promoting good business practices and bring uniformity throughout the... Aptma assured of early ST refund ISLAMABAD, Jan 30: Adviser on Finance Shaukat Aziz assured the representatives of All Pakistan Textiles Mills Association (Aptma) here on Thursday that their remaining Rs2 billion sales tax refund would be... Unilever profit up by 43pc at Rs1.75bn KARACHI, Jan 30: Unilever Pakistan Limited (formerly named Lever Brothers Pakistan Limited) posted after tax profit at Rs1.750 billion for the year ended December 31, 2002, representing increase of 43 per... No rinderpest case found ISLAMABAD, Jan 30: Pakistan is now “provisionally free” of rinderpest, the plague of cattle, thus leaving Somalia as the only country in the world still infested with the killer disease, Minister... Govt decides to abolish EPB ISLAMABAD, Jan 30: The government has decided to abolish the Export Promotion Bureau (EPB) and establish a new agency to enhance exports of the country up to $12 billion by year... Body to identify more units for privatization ISLAMABAD, Jan 30: Privatization Commission on Thursday formed a committee to identify more public sector entities for privatization.... IMF allows rupee borrowing: External debt payment KARACHI, Jan 30: The IMF has agreed in principle to government borrowing from the banking system, awash with liquidity, to make accelerated payments and pre- payments of most expensive external debt... HBL earns Rs4.1 billion pre-tax profit KARACHI, Jan 30: State-run Habib Bank Ltd. (HBL) earned a pre-tax profit of Rs4.1 billion in 2002 up from Rs2.2 billion in 2001. After-tax profit also went up to Rs2 billion... Microsoft BRUSSELS, Jan 30: US giant Microsoft, under pressure from the European Union, has agreed to make substantial changes to a system which handles personal data, the European Commission said on Thursday.... KSE 100-share index recovers partially KARACHI, Jan 30: Stocks on Thursday attracted active short-covering at the lower levels and finished partially recovered but analysts said the rally is too feeble to be sustained in the absence... HBL to give Rs7.5bn farm loans this year KARACHI, Jan 30: Bankers seem to have renewed their belief in the old saying — old is gold. They now realize that in their effort to increase lending they cannot afford... Indus Motor KARACHI, Jan 30: “Prime Minister and I will walk step by step with the Indus Motor Company (IMC) for the restoration of investment and betterment of the economy,” Minister for Industries... Active trading on cotton market KARACHI, Jan 30: Cotton prices on Thursday tended further higher as leading spinners indulged in big-lot business to grab the floating stock amid an actively traded session.... ADB raises project funding share MANILA, Jan 30: The Asian Development Bank (ADB) is to substantially increase its share of funding for projects in developing member countries to help them tide over fiscal and other financial... Karachi Port operations KARACHI, Jan 30: Six ships carrying containers, crude oil and soyabean oil are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Stock markets, dollar fight back LONDON, Jan 30: World stock markets and the dollar fought back on Thursday, while oil, gold and bond prices fell, as the markets paused for breath awaiting fresh developments on the Iraq crisis.... Saudi shares up RIYADH, Jan 30: Saudi shares rose 1.1 per cent in the week ending on Thursday mainly on the back of the start of trading of the stocks of Saudi Telecom after...

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