Pakistan to seek extension till 2005: Deletion plan
ISLAMABAD, Nov 3: Pakistan will seek another two-year extension (i.e.till December 2005) in its deletion programme in the transition period for the elimination of Trade Related Investment Measures (TRIMS) at the...
4pc growth target may not be achieved
KARACHI, Nov 3: Pakistan’s growth target of 4 per cent in the current fiscal year looks hard to achieve, as development programmes, both at the federal and the provincial levels, are...
Loan re-profiling being negotiated with US: Ishrat
KARACHI, Nov 3: The State Bank of Pakistan Governor Dr Ishrat Hussain on Saturday said that Pakistan was negotiating to re-profile its foreign loans with the US and other countries....
Al-Ghazi, foreign equity holder locked in dispute
KARACHI, Nov 3: Al-Ghazi Tractors Limited (AGTL) has sought government’s permission for assembly of tractors under a new brand name: ‘Kissan’, which auto industry analysts suspect might have been triggered by...
Important week ahead for stock market
KARACHI, Nov 3: The week beginning Monday would herald important events for the stock market; two new equity offerings and dividend announcements from the two top volume leaders are all scheduled...
Indonesian bank takeover under a cloud
JAKARTA, Nov 3: A plan by Indonesia’s largest bank, state-run Bank Mandiri, to take over another embattled financial institution as part of efforts to strengthen the frail sector appears to have...
US bill would base farm subsidies on weather
WASHINGTON, Nov 3: Subsidies to US farmers would be partly based on exchange rates and weather conditions in North America under a plan proposed by Iowa Sen. Charles Grassley on Friday....
US stocks rise, bonds fall on jobs data
NEW YORK, Nov 3: US blue-chip stocks rose on Friday as investors took in stride news of the worst job losses in more than 20 years in October, while US Treasuries...
CSCE sugar closes slightly easier
NEW YORK, Nov 3: CSCE sugar futures finished slightly easier Friday on mostly local and speculative turnover as public holidays in observance of All Souls’ Day kept some traders sidelined....
New York cotton finishes mixed
NEW YORK, Nov 3: NY cotton futures ended a narrow seesaw session by closing on either side of unchanged Friday, stalling after a welcomed midweek bounce lifted traders spirits, brokers said....
US sees Japan, EU hurdles to world farm trade talks
WASHINGTON, Nov 3: US agriculture negotiators depart next week for a global conference on trade without any guarantees that a new round of negotiations actually will be launched and predicting that...
Hopes fading for US trade vote before WTO meeting
WASHINGTON, Nov 3: Hopes are fading that the US House of Representatives will vote on trade promotion authority before a gathering of more than 140 countries in Doha, Qatar, late next...
European petrol prices fall
LONDON, Nov 3: As economic confidence crumbles and job losses mount amid a global downturn, Europeans can take some satisfaction in petrol prices suffering as well, analysts said on Friday....
Week of bad signals trouble ahead for US economy
WASHINGTON, Nov 3: The United States, reeling from the deadly September 11, attacks, faces rising unemployment, plummeting consumer spending and faltering buyer confidence all of which could plunge the world’s largest...
Firm trend on cotton market
KARACHI, Nov 3: Cotton prices on Saturday maintained their upward drive and were quoted higher by Rs.25.00, but in physical trading fine type from the Punjab ginneries was sold at a...
EPB not satisfied with cut in war risk levy
LAHORE, Nov 3: Although the shipping and air lines have slashed the war risk insurance surcharge by 20 per cent on cargo to and from Pakistan on the recommendations of a...
Microsoft, US deal hinges on states
WASHINGTON, Nov 3: An antitrust settlement between the US government and Microsoft announced on Friday after a three-and-a-half-year legal battle would restrict some business practices for the software giant, but states...