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March 2, 2003 Sunday Zul Hijjah 28, 1423 Prices of essential items on decline KARACHI, March 1: Except for price hike in some pulses, prices of majority of essential items have either fallen or remained pegged to their previous levels owing to regular supplies from... Firm conditions on cotton market KARACHI, March 1: Cotton prices on Saturday remained stable at the previous levels as both ginners and spinners were not inclined to cross the parity limits set by them to sell... NWFP wheat crop yield likely to be improved PESHAWAR, March 1: NWFP is likely to record marginal improvement in its wheat crop yields this time round in comparison with the production level recorded during the last two Rabi seasons,... ‘Peace to stabilize economy’ KARACHI, March 1: The Karachi Chamber of Commerce and Industry has urged the government to adopt effective measures to arrest the deteriorating law and order situation in the city.... Global supply chain KARACHI, March 1: Exel, a global supply chain management, has established its own operations in Pakistan.... Cost of doing business high: WB: Pakistan Country Update ISLAMABAD, March 1: Pakistan has a high-cost operating environment for business, which depresses investment, employment and production, says the World Bank.... Revenue collection goes up by 14.6pc ISLAMABAD, March 1: The Central Board of Revenue has collected Rs269.1 billion tax revenues during the first 8 months of 2002- 03, up 14.6 per cent from the comparable period of... Working group for investors in Sindh ISLAMABAD, March 1: Prime Minister Mir Zafarullah Khan Jamali has directed the Sindh government and the Board of Investment (BoI) to urgently set up a joint working group to maximize their... Banks make prudent cuts in lending rates KARACHI, March 1: Two of a trade seldom agree. This does apply well on bankers—particularly when it comes to deciding if there is a need to lower lending rates.... Shaukat asks for customs clearance in 24 hours KARACHI, March 1: Adviser to the Prime Minister on Finance and Economic Affairs, Shaukat Aziz on Saturday directed the Central Board of Revenue to ensure that eight to 12 days time... ADB offers $1.141bn in 2002 ISLAMABAD, March 1: The Asian Development Bank has offered Pakistan a record level of $1.141 billion financial assistance in the calendar year 2002. The bank had approved 13 loans for seven... Draft law for sugar industry KARACHI, March 1: Sindh Minister for Food and Agriculture, Arif Mustafa Jatoi, has initiated a multi-step programme to revitalize the sugar industry and promote cultivation of sugarcane in Sindh.... Mari Gas Company KARACHI, March 1: Earlier this week, Mari Gas Company Limited announced financial figures for the six months ended December 31, 2002, posting after tax profit of Rs475.6 million, which was over... Snags in consumer banking KARACHI, March 1: Falling interest rates, low corporate credit demand and grim outlook for margins are driving the local commercial banks towards a more profitable consumer lending.... EU to debate Balkan sugar scam, may cut subsidies BRUSSELS, March 1: European Union sugar experts will debate a proposal this week to remove subsidies on exports sent to western Balkan nations in a bid to clamp down on several... Soaring oil prices not due to Iraqi crisis alone WASHINGTON, March 1: Speculation on possible war in Iraq is not the only factor sending oil prices soaring; analysts stress historically low reserves and a short supply of Venezuelan crude are... Dollar mixed in New York NEW YORK, March 1: The dollar was mixed on Friday with many investors sidelined amid conflicting Middle East signals ahead of chief UN weapons inspector Hans Blix’s weekend report on Iraq... US stock markets higher NEW YORK, March 1: High-tech stocks rose on Friday, led by semiconductors after a brokerage warmed to sector giant Intel Corp., and blue chips eked out slim gains on signs of... NY cotton futures up NEW YORK, March 1: NY cotton futures rallied to a strong finish Friday on robust speculative buying which hit stops, with some operators saying cotton may head higher despite a hefty... Singapore economy to grow in ’03 SINGAPORE, March 1: Singapore’s economy is expected to grow at least 2.0 per cent this year despite fears of war in Iraq, but unemployment is expected to mount as companies downsize,...

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