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February 21, 2003 Friday Zul Hijjah 19, 1423 Banks ready to meet any eventuality: Attack on Iraq KARACHI, Feb 20: The State Bank policy to keep the inter-bank market fairly liquid is also aimed at enabling the banks to meet any eventuality in case the US attacks Iraq.... Punjab tubewells to have special meters: Subsidized power tariff LAHORE, Feb 20: The Punjab government is considering to install special meters to subsidize electricity for tubewells, that would reduce the farmer’s bills by about 50 per cent.... Wapda demands at source deduction: Provinces, public sector dues ISLAMABAD, Feb 20: The Water and Power Development Authority (Wapda) has asked the federal government to make at-source deduction of Rs33 billion outstanding against provinces and public sector organizations.... Exporters denied quota adjustment KARACHI, Feb 20: The exporters that were prevented from shipping their consignments against their regular textile quotas last year, were again denied adjustment this year despite assurance by the ministry of... Rs15bn bonds for PSO under study SINGAPORE, Feb 20: Pakistan plans to issue some Rs15 billion bonds before September to cover outstanding debts from various state-owned companies owed to Pakistan State Oil, a senior state official said... US trade gap swells to new record WASHINGTON, Feb 20: The United States recorded a $435.2 billion trade deficit for 2002, the largest imbalance in history.... Mohammad Farooq Textile: Corporate profile KARACHI, Feb 20: In spite of a huge accumulated deficit of Rs217.4 million on the balance sheet, a cash dividend at 5 per cent was paid by the company to the... Jatoi for Bahrain today ISLAMABAD, Feb 20: Minister for Industries and Production Liaquat Ali Jatoi will leave on Friday on a two-day official visit to Bahrain.... Air crash triggers panic-selling on stock market KARACHI, Feb 20: The reports of air crash killing PAF air chief and some other top officials halted the PSO-led rally on the stock market on Thursday as investors hastened to... Pakistanis yet to reap benefits of turnaround: Washington Post report WASHINGTON, Feb 20: Despite Pakistan’s reputation as a hotbed of Islamic radicalism, its economy is projected to grow this year at a respectable rate of 4.5 per cent, The Washington Post... Cotton prices at record high KARACHI, Feb 20: Cotton prices on Thursday soared to a decade’s peak level on Thursday as spinners and mills indulged in panic buying and tried to grab the floating stock well... Rebate on various made-ups allowed ISLAMABAD, Feb 20: The tax authorities on Thursday allowed exporters to claim rebate on export of various kinds of made-ups.... Karachi Port operations KARACHI, Feb 20: Four ships carrying containers and steel coils are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Businessmen asked to invest in Balochistan QUETTA, Feb 20: The Governor Balochistan, Lt-Gen (Retd) Abdul Qadir on Wednesday stressed upon the traders and investors of the province to invest in industries and commercial projects.... Taxation treaty with Lebanon ISLAMABAD, Feb 20: The government is likely to finalize a draft convention for the avoidance of double taxation with government of Lebanon.... Study on taxpayers problems KARACHI, Feb 20: The Federal Tax Ombudsman (FTO), Justice Saleem Akhtar, has invited suggestions from the FPCCI for conducting studies on problematic issues confronting the taxpayers for possible solution through research... Faysal Bank ratings KARACHI, Feb 20: JCR-VIS credit rating company has reaffirmed the medium to long-term rating of Faysal Bank Ltd. at double A minus with a stable outlook. Short-term rating has been reaffirmed... Oil prices LONDON, Feb 20: IPE Brent crude futures fell on Thursday after weekly US oil stockpile reports were split on crude supplies but agreed on a drop in heating oil stocks that... BD trade deficit with Saarc states DHAKA, Feb 20: Bangladesh’s trade deficit with Saarc countries amounted at $1,019 million in the last fiscal year (2001-02).... Palm oil ends down KUALA LUMPUR, Feb 20: Malaysian palm oil futures closed down on Thursday after export estimates for February 1-20 came in on the lower end of market expectations despite a much-hyped jump...

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