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May 15, 2003 Thursday Rabi-ul-Awwal 12, 1424 Pakistan may lose market to China: Quota-free world KARACHI, May 14: Pakistan may lose market share to China once the Agreement on Textiles and Clothing (ATC) expires on January 1, 2005, abolishing all quotas to restrict textile and clothing... Sindh likely to create 20,000 jobs in 2003-04 KARACHI, May 14: Sindh government is expected to offer over 20,000 jobs during next fiscal year by putting into operation the 2,400 constructed schools and 450 health units in the province.... Direct import by IPPs may affect PSO bid price: Fuel oil ISLAMABAD, May 14: The ministries of petroleum and natural resources, privatization and finance have opposed a move to allow direct import of furnace oil by the independent power producers (IPPs) because... Thar coal project to cost $500m KARACHI, May 14: The Thar coal project, which includes coal- fired power plants to produce 600mw electricity, will cost $500 million, and will be commissioned within four years after its finalization... US for strong dollar WASHINGTON, May 14: The United States continues to support a strong dollar, the White House said on Wednesday, adding that Treasury Secretary John Snow had described US policy “exactly as it... Market capitalization hits new record at Rs657bn KARACHI, May 14: Stocks on Wednesday staged a broad recovery followed by active short-covering in most of the blue chip shares at the lower levels lifting the market capitalization to a... Treasury bills’ rate stabilizes KARACHI, May 14: The treasury bills rate is gaining stability as the banks — once crazy about putting the bulk of surplus funds into zero-risk bills — have become a bit... Energy board set up ISLAMABAD, May 14: The government has established an Alternative Energy Development Board (AEDB) for development of policies relating to alternative, renewable energy technologies in the country.... Sindh seeks control over Korangi fish harbour KARACHI, May 14: The Sindh government will request the federal government to hand over the control of Korangi Fish Harbour Authority (KFHA) to the provincial government in order to bring it... Trade with Kabul picking up ISLAMABAD, May 14: Trade with Afghanistan is heavily tilted towards Pakistan registering average growth of 110.57 per cent during the last three and half years.... Retail sales WASHINGTON, May 14: Retailers suffered a surprise drop in sales in April, data showed on Wednesday, as American shoppers pared spending in the face of a sluggish, no-job recovery.... ‘Peace move motivated by economic necessity’ WASHINGTON, May 14: Pakistan’s recent diplomatic overtures to neighbouring countries are motivated by economic necessity, says a survey conducted recently by Stratfor, a US-based private intelligence and analysis agency.... Power shutdown criticized SUKKUR, May 14: The members of Sukkur Chamber of Commerce and Industry on Wednesday met with HESCO chief Brig (Retd) Tariq Arshad and informed him about the frequent power breakdown in... Ibad assures tax-free status for Nooriabad HYDERABAD, May 14: Sindh Governor Dr Ishratul Ibad has assured industrialists that the provincial government will approach the federal government to declare Nooriabad Industrial Estate a tax-free zone for next five... Cotton market lacks lustre KARACHI, May 14: Physical activity on the cotton market on Wednesday remained relatively slow as spinners stayed on the sidelines owing to Thursday’s closure on account of Milad-un-Nabi.... Exports to Africa thru Mauritius ISLAMABAD, May 14: Mauritius on Wednesday offered Pakistan to use its soil for export of its goods and products to African markets and elsewhere.... Karachi Port operations KARACHI, May 14: Berthing activity at the Karachi Port on Wednesday was maintained on the higher side as the port authorities allotted berths to all the new arrivals well in time,... Indian rupee MUMBAI, May 14: The Indian rupee ended at a 20-month closing peak on Wednesday for the eighth successive day ....

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