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May 30, 2003 Friday Rabi-ul-Awwal 27,1424 Sugar mills post sweet results for first half KARACHI, May 29: Sugar mills are posting sweet results for the first half of the year ended March 31, 2003, though reasons vary from mill to mill.... Chinese poultry meat dumped in local market KARACHI, MAY 29: Chicken meat from China has started finding way into the local markets and some parties have imported around 75 tons of meat in the last two months, while... ‘No harm in granting MFN status to India’ ISLAMABAD, May 29: Pakistan will not lose much in granting the Most Favoured Nation (MFN) status to India, it would rather result in boosting its own industrial productivity and competitiveness.... State Bank cautious about euro reserve KARACHI, May 29: The State Bank has no regrets for not having been able to put part of its foreign exchange reserves in euro when it had been trading below parity.... ICC wants multilateral cooperation KARACHI, May 29: The Paris-based International Chamber of Commerce (ICC) has urged G-8 summit leaders, meeting in Evian, France, on June 1-3, that now the Iraq war is over they should... NBP asked to expedite write-off cases LAHORE, May 29: The central bank has directed the National Bank to speed up the settlement of loan write-off cases under its guidelines/scheme for “write-off of irrecoverable loans and advances” given... Bahrain interested in cross listing KARACHI, May 29: Bahrain and Pakistan are in talks to explore the possibility of cross-listing of blue chips on the bourses of the two countries.... Remittances cross $3.5bn mark KARACHI, May 29: Home remittances showed an impressive increase of 89.61 per cent to $3.536 billion during July-April period of 2002-03 against $1.865 billion during the same period last year.... Penal surcharge waived ISLAMABAD, May 29: The Central Board of Revenue (CBR) has waived penal surcharge on clearance of warehoused overstayed goods to facilitate trade and industry.... CIRC gets 174 NPAs worth Rs30bn settled KARACHI, May 29: The Corporate and Industrial Restructuring Corporation (CIRC), during the last two years, has examined 719 non-performing assets (NPAs) and mediated in direct resolution of 174, involving a total... Karachi Port operations KARACHI, May 29: Two ships carrying containers are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Sars-hit Singapore faces recession SINGAPORE, May 29: Singapore faces the threat of slipping into its second recession in three years due to the heavy toll exacted by the Sars outbreak, US investment bank Morgan Stanley... Prices ease on cotton market KARACHI, May 29: Cotton prices on Thursday eased from the recent higher levels as some of the ginners indulged in selling having a bearish view of the higher fixation of seedcotton... Duty on used computer parts import likely ISLAMABAD, May 29: The government is considering a proposal to levy duty on import of used parts of computers to protect the local manufacturers.... Thai CG for prompt setting up of rice cartel KARACHI, May 29: Consul General of Thailand Praphat Chantaharan has stressed for unified efforts by South East Asian countries to compete western countries in exports particularly the exports of rice and... SMEs promotion bureau KARACHI, May 29: Union of Small and Medium Enterprises (Unisame) has urged the government to establish a bureau for the promotion of small and medium enterprises in the country.... Indian rupee MUMBAI, May 29: The Indian rupee ended on Thursday at a two-week closing low, weakening for the second straight day on steady corporate dollar bids, dealers said.... US economic growth revised to 1.9 per cent WASHINGTON, May 29: The US economy plodded ahead at a 1.9 per cent growth rate in the first quarter of 2003, the Commerce Department said on Thursday, revising upward its preliminary... US oil stocks rise WASHINGTON, May 29: US crude oil stocks rose over the past week, according to government and industry surveys released on Thursday, although gasoline supplies shrank ahead of the US vacation season.... Assistance to Investors ISLAMABAD, May 29: Investment and Privatization Minister Dr Abdul Hafeez Shaikh said on Thursday the present government had eliminated the discrimination between local and foreign investors through provision of level-playing field....

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