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June 22, 2003 Sunday Rabi-us-Sani 21,1424 Car production, sales may go up KARACHI, June 21: Car production and sales are expected to increase by 50-53 per cent and 43-45 per cent, respectively, at the conclusion of the current financial year 2002-03 as compared... Cement production quota raised to 72pc KARACHI, June 21: Cement producers have been able to raise production quota for the fifth time in forty days since the revival of cartel on May 8.... Generous bank loans keep stocks alive KARACHI, June 21: Commercial banks made Rs32 billion new loans within last two months part of which is believed to have been used by institutional borrowers for reinvesting in the stocks.... SPI records 0.64pc increase ISLAMABAD, June 21: Sensitive Price Indicator jumped by 0.64 per cent during the week ending June 19, 2003, as compared to corresponding period of previous week, according to the data released... Anomalies Committee set up ISLAMABAD, June 21: The government has set up Anomalies Committee to examine any anomalies that may have arisen as a result of tariff changes in budget 2003-04.... PTCL, PSO ready for sell-off by December ISLAMABAD, June 21: The Privatization Commission (PC) has finalized arrangements to dispose of a number of transactions by December 2003, including Pakistan Telecommunication Company Ltd (PTCL), says secretary PC Ahmad Waqar.... Input tax allowed on non-taxable goods: SRO 507 amended ISLAMABAD, June 21: The government has rationalized the SRO 507 allowing manufacturers to claim input tax on supply of locally manufactured non-taxable goods to un-registered persons.... WTO moot opens to discuss global trade ISLAMABAD, June 21: The WTO mini-ministerial conference opened in Sharm-El-Sheikh, Egypt, on Saturday, said an official announcement.... Shaukat to visit S&P, Moody’s NEW YORK, June 21. On the eve of launching foreign currency bond of up to $500m Pakistan’s Finance Minister, Shaukat Aziz will visit the premier credit ratings agencies, Moody’s and Standard... Iraq to resume oil exports next month SHUNEH (Jordan), June 21: Iraq will resume exports from its oil fields next month, its acting oil minister Thamer Ghadhban said on Saturday on the sidelines of a meeting here of... Capacity building for economic progress KARACHI, June 21: Quite often, good macro-policies fail because of poor implementation at micro-level. It indicates a lack of institutional capacity to manage economic progress at the set pace. This is... US seeks donors’ support: Iraq rebuilding DEAD SEA (Jordan), June 21: World donors must provide money as well as debt relief to Iraq whose massive reconstruction needs dwarf its potential income from the world’s second largest oil... Karachi Port operations KARACHI, June 21: Four ships carrying DAP fertilizer, containers and general cargo are expected to arrive at the outer anchorage on Sunday, according to KPT sources.... Prices of new crop ease on cotton market KARACHI, June 21: New crop prices on the cotton market on Saturday slightly eased as leading ginners from the lower Sindh cotton belt indulged in hasty forward selling to outwit their... Trichet nomination as Europe’s top central banker PORTO CARRAS, June 21: France is pushing EU leaders meeting here to start the process of nominating Bank of France governor Jean-Claude Trichet as head of the European Central Bank, French... Remote trading ISLAMABAD, June 21: Islamabad Stock Exchange ushered in internet-based remote trading in stocks in Pakistan by providing the first such connection to Excel Securities (Pvt) Limited, a corporate member of ISE... Time is running out for farm reform, says WTO chief SHARM EL-SHEIKH, June 21: World Trade Organization (WTO) chief Supachai Panitchpakdi warned trade ministers here on Saturday that time is running out for settling their differences on agricultural exports, his spokesman... Oil rallies, gold lower CHICAGO, June 21: Oil prices closed almost 3 per cent higher on Friday on signs that leading members of the Organization of Petroleum Exporting Countries were complying with promises to reduce... US blue chips slightly higher NEW YORK, June 21: US blue chips finished slightly higher on Friday as hopes for an economic recovery were bolstered by bellwether General Electric Co.’s earnings forecast and investors anticipated an... Dollar higher against euro NEW YORK, June 21: The dollar soared on Friday, hitting its highest levels in a month against the euro and climbing more than 1 percent against other major currencies on a...

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