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November 14, 2003 Friday Ramazan 18, 1424 IMF wants Pakistan to continue borrowing ISLAMABAD, Nov 13: Pakistan has been advised by the International Monetary Fund to continue seeking assistance from the Fund to further improve the country’s economy.... Package for cotton growers likely ISLAMABAD, Nov 13: Commerce Minister, Humayun Akhtar Khan said on Thursday government is considering various measures to help mitigate the cotton growers losses they had incurred as a result of recent... Car dealers not giving firm delivery date KARACHI, Nov 13: A number of buyers in Karachi are still complaining of late delivery of the newly booked cars. Assemblers, despite increase in the production by over 60 per cent,... Terms for second ADB tranche ISLAMABAD, Nov 13: The government may discuss on Friday the implementation status of conditionalities attached to second tranche of Asian Development Bank (ADB) under agriculture sector reform programme.... Confusion over SBP package triggers selling on KSE KARACHI, Nov 13: Stocks on Thursday retreated from the last two sessions highs amid late hour selling in leading base shares triggered by confusion over the central bank’s relief package meant... Fresh guidelines for banks, DFIs: Reporting of NPLs KARACHI, Nov 13: The State Bank has issued guidelines for banks and development finance institutions aimed at bringing uniformity and consistency in the accounting and reporting pattern of their loans and... Fauji Fertilizer Company KARACHI, Nov 13: Fauji Fertilizer Company Limited — the biggest among urea producers in the country — is scheduled to announce third-quarter FY03 results on Friday. Never mind the turnover forecast... $245m from IMF raises reserves to $11.75bn KARACHI, Nov 13: Pakistan has received $245 million from the IMF as the seventh and eighth tranches of the $1.5 billion Poverty Reduction and Growth Facility. The IMF had approved disbursement... Pressure mounts on Aptma boss to resign LAHORE, Nov 13: The opponents of sitting Aptma chairman Waqar Monnoo are contemplating to bring a no-confidence motion to seek his removal from the office following the rejection of their “compromise... SBP injects Rs13.75bn for 2 weeks KARACHI, Nov 13: The State Bank on Thursday again injected Rs13.75 billion into the inter-bank money market to ease off the temporary liquidity crunch the banks are facing due to withdrawal... New system to speed up refunds payment ISLAMABAD, Nov 13: The government has decided to establish a fully automated Sales Tax Risk Evaluation and Management System (STREAMS) for the speedy payment of refunds on the basis of risk... Trading at standstill on cotton market KARACHI, Nov 13: Trading on the cotton market remained at a standstill for the second session in a row as ginners were not inclined to sell at the falling prices.... Dutiable imports ISLAMABAD, Nov 13: The value of dutiable imports increased by 17 per cent during the July-October period of the current financial year, over the same period last year.... KSE revamps listed companies sector KARACHI, Nov 13: The Karachi Stock Exchange on Tuesday reclassified its sectors of listed companies, raising the number of sectors from 27 to 35.... Iran rejects Pakistani rice offer ISLAMABAD, Nov 13: Iran’s state grains agency has rejected 30,000 tons of rice offered by Pakistani exporters, saying their prices were too high, traders said on Thursday.... Karachi Port operations KARACHI, Nov 13: Three ships carrying palm oil and soyabean meals are due to arrive at the outer anchorage on Friday, according to KPT sources.... Saindak contract SHANGHAI, Nov 13: China’s MCC Resources Development Co (Pvt) Ltd plans to extend its development contract at the Saindak copper mine in Pakistan, its president said on Thursday.... Rating KARACHI, Nov 13: Pak-Libya Holding Company (Pvt) Ltd. has terminated with immediate effect the agreement dated January 13, 2003 with JCR-VIS prior to the date of expiry of the agreement. “Consequently,...

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