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June 18, 2003 Wednesday Rabi-us-Sani 17, 1424 Government to split two gas utilities into four ISLAMABAD, June 17: The federal government has decided to unbundle two gas utilities — SNGPL and SSGC — into at least four distribution and transmission companies before taking them to the... Sindh budget conceals more than reveals KARACHI, June 17: Sindh government can boast of releasing the heaviest load of budget documents every year. Neither the federal government nor any three other provincial governments come out with such... Availability of funds still a mystery: Sindh development outlay KARACHI, June 17: The Sindh government expects Rs6 billion loan from the International Development Authority (IDA) and Rs5 billion compensatory grant from the federal government to bill 15 per cent increase... KCCI study backs trade with India KARACHI, June 17: The governments of Pakistan and India will not only be able to make their countries economically viable but alleviate poverty and sustain economic co-existence ‘if economic knot between... Senior officials to take care of investors ISLAMABAD, June 17: The government has decided to make investors access to senior officials, both in the centre and the provinces, easier.... Stocks recover as investors back in market KARACHI, June 17: Stocks on Tuesday resumed their upward drive as investors were back in the market encouraged by the president’s US visit and its allied financial benefits and made modest... Govt trying to contain fall in NSS rates KARACHI, June 17: The government has made a desperate move to ensure that the profits on national saving schemes do not fall sharply. The rates of profit on NSS would be... Remittances rise to $3.87bn KARACHI, June 17: Gross home remittances rose to $3.873 billion in July-May 2002-03, up from $2.1 billion received during the same period of last year.... HBL to make branches on-line KARACHI, June 17: Habib Bank Limited is implementing a state-of-the-art banking package, which will be rolled out in 350 key branches starting next year, its president Zakir Mahmood told IT and... Local palm oil prices stable ISLAMABAD, June 17: Pakistan’s palm oil market was bullish over the past week amid high world prices and buoyant local demand and dealers on Tuesday predicted more buying as traders moved... Prudential regulations KARACHI, June 17: The State Bank has invited suggestions/ views on draft prudential regulations for SMEs from all the stakeholders particularly bankers, Federation of Pakistan Chambers of Commerce & Industry, associations,... Pakistan may revert to wheat import LAHORE, June 17: While the Ministry of Food, Agriculture and Livestock (MINFAL) has been quiet since declaring a 19.2 million tons wheat crop, evidence is pouring in from various directions and... Cheerless trading on cotton market KARACHI, June 17: Trading on the cotton market remained cheerless as spinners were not inclined to make fresh commitments at the asking prices of ginners.... Balochistan pre-pays Rs1bn loan: KESC to retire Rs9bn KARACHI, June 17: The Balochistan government on Monday retired before time Rs1 billion bank credit raised through its long-term provincial bonds. Senior bankers said the credit was secured at a high... Karachi Port operations KARACHI, June 17: Four ships carrying coal, containers and general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources.... Seminar on budget KARACHI, June 17: The southern regional committee of Institute of Chartered Accountants of Pakistan (ICAP) conducted a seminar on “The federal budget 2003-04” to discuss the salient features of the new... Emirates plane deal LE BOURGET, France, June 17: European plane maker Airbus SAS unveiled a record $12.5 billion jet order from Dubai-based airline Emirates on Monday, extending its lead over US arch-rival Boeing as... TFC rating KARACHI, June 17: JCR-VIS credit rating company has assigned a preliminary instrument rating of single A minus to the proposed TFC issue of Rs250 million with a green shoe option of... Euro higher against dollar LONDON, June 17: The euro gained a small amount of ground against the dollar on Tuesday in cautious trading before the release of further key US economic data later in the... Palm oil firms KUALA LUMPUR, June 17: Malaysia’s palm oil futures were firmer on Tuesday after last-minute covering pushed up benchmark September contract which nearly touched the key 1,400 ringgit support level....

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