01 February 2004 Sunday 09 Zilhaj 1424 SBP designs new finance scheme for exporters: Capacity enhancement KARACHI, Jan 31: The State Bank has devised a special foreign- currency based scheme for exporters to help them borrow money from banks at a fixed rate for up to seven years to import plant and machinery for capacity enhancement. ... Amendment in FTO clauses sought KARACHI, Jan 31: By design or by default, the inclusion of two operative clauses in the Federal Tax Ombudsman Ordinance 2000 is found to have rendered the office of Federal Tax Ombudsman (FTO) virtually ineffective for the last four years ... 3 wheat herbicides import allowed: Under generic name MULTAN, Jan 31: The Ministry of Food, Agriculture and Livestock has finally notified the expansion of the import list of wheat herbicides under generic name of form-16. ... Edhi Trust: a role model for management? KARACHI, Jan 31: In the quest for continuous improvement in productivity and efficiency, companies are making untiring efforts to improve management skills. ... Poultry items' prices nosedive KARACHI, Jan 31: The month of January saw no major upward change in prices of edible items except for increase in some flour varieties that remained under pressure. ... Pakistan, Iran JMC meeting in March ISLAMABAD, Jan 31: Pakistan and Iran have agreed to hold the next meeting of Joint Ministerial Commission in Pakistan in March to increase economic cooperation between the two countries. ... Rs269.6bn collected in July-Jan ISLAMABAD, Jan 31: The Central Board of Revenue collected Rs269.6 billion during the July-January period of the current financial year against the target of Rs258.9 billion ... Mozambique invites Pakistani investors KARACHI, Jan 31: The Chairman of Mozambique Federation of Chambers of Commerce Egas Mussanhane on Saturday invited the Pakistani investors to avail the opportunities to set up industrial ... Export finance rate unchanged KARACHI, Jan 31: The State Bank has decided to keep unchanged its export refinance rate at 1.5 per cent in February 2004. Thus the exporters will continue to get export finance from banks at 3 per cent markup in that month. ... SPI moves up by 0.09 per cent ISLAMABAD, Jan 31: Sensitive Price Indicator (SPI) increased by 0.09 per cent during the week ending Jan 31 as compared to previous week, says the weekly statement issued by the Federal Bureau of Statistics here on Saturday. ... Analytical market study vital to promote export FAISALABAD, Jan 31: Lack of analytical market studies is still major weakness of Pakistani exports trade, and trade counsellors abroad have not been fully involved and made responsible for promotion of export. ... Maximum limits of shares acceptance KARACHI, Jan 31: The Governing Board of Directors of the KSE has decided to introduce the concept of maximum limits for acceptance of shares of approved securities for the purpose of deposits against exposures under the "Regulations Governing Futures Contract." ... Prospectus cleared KARACHI, Jan 31: The Karachi Stock Exchange has cleared the prospectus of Southern Networks Limited, KSE Managing Director M. Fudda said here on Friday. ... Cotton market in grip of pre-Eid holiday mood KARACHI, Jan 31: Pre-Eid holiday mood prevailed on the cotton market on Saturday as spinners just marked time and did not offer to make fresh commitments ...

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