31 March 2004 Wednesday 09 Safar 1425 State Bank ready to check inflation: Second quarterly report KARACHI, March 30: The State Bank in its second quarterly report explains in detail why it is maintaining its loose monetary policy stance. ... Regulators accused of ignoring trade deals KARACHI, March 30: Pakistani business regulators have been accused of ignoring the importance of regional trade agreements, bilateral trade agreements ... Banks disburse Rs43 billion farm credit: July-Feb 2003/04 KARACHI, March 30: Banks have disbursed Rs43.16 billion farm credit in the first eight months of this fiscal year i.e. between July/February 2003/04 against the full fiscal year target of Rs65.5 billion. ... Poultry industry suffers Rs5.4bn loss KARACHI, March 30: Pakistan's poultry industry has suffered a loss of Rs5.4 billion due to avian influenza that spread in November-December 2003 in and around Karachi's poultry farms. ... Six parties in run to buy Dalda business KARACHI, March 30: Six parties remain in the run for purchase of Dalda business of Unilever Pakistan, and the transactions is expected to be completed within the next four weeks. ... CBR against taxation on capital goods KARACHI, March 30: Central Board of Revenue Chairman Abdullah Yousuf has conceded that taxation on capital goods is not a right decision. "We will have to let the industrialists to come first and invest by brining plant and machinery," ... Dumping duty: UK to support Pakistan LAHORE, March 30: The UK would continue to support Pakistan against the imposition of anti-dumping duty on its bedlinen by the European Union. This was stated by British Deputy High Commissioner Hamish St. ... PIA earns Rs3.70bn profit KARACHI, March 30: The Pakistan International Airlines Corporation (PIAC) has earned a pre-tax profit of Rs3.70 billion for the year 2003. ... Cement plant deal signed LAHORE, March 30: DG Khan Cement Company has signed a contract with a Danish company for the supply of complete 4,000 tons per day cement production plant at Khairpur, Chakwal. ... Pak-Kuwait profit up by 33 per cent KARACHI, March 30: Pakistan Kuwait Investment Company (Pvt) Limited earned after tax profit of Rs2,830 million for the year 2003 which was 33pc higher than the previous year. ... Cotton market shows steady trend KARACHI, March 30: The cotton market on Tuesday showed steady trend and was firmly held at the previous level despite falling demand, both from mills and spinners. ... Stocks pass through another consolidation phase KARACHI, March 30: Stocks on Tuesday passed through another consolidation phase as investors were in the process of having an overview of their inventories before resuming their journey beyond the index level of 5,100. ...

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