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| November 30, 2001 | Friday | Ramazan 14, 1422 |
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Islamabad to prepare tax system for Kabul
ISLAMABAD, Nov 29: Pakistan would formulate taxation system for Afghanistan when a new broad-based government is installed in Kabul.... 
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Govt gains most from discount rate cut
KARACHI, Nov 29: The government has benefited most from a four per cent cut in the State Bank discount rate so far this fiscal year....
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Zero-rated ST rules notified: Hand-knotted carpets
ISLAMABAD, Nov 29: The Central Board of Revenue (CBR) has notified new rules for the supply of hand-knotted carpets to foreign nationals at zero-rated sales tax....
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‘Reinsurance pool’ may be finalized today
ISLAMABAD, Nov 29: The government is expected to finalize on Friday creation of a “reinsurance pool” with an initial capital of Rs750 million to provide cover to Pakistani companies for terrorism-related...
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Profit-selling halts KSE upward drive
KARACHI, Nov 29: Stocks on Thursday failed to hold on to previous gains as weakholders hastened to take profits at the available margins in the absence of strong follow-up support. The...
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Euro coins reflect 25 centuries of history
PARIS, Nov 29: Unlike euro bills, which will depict imaginary bridges and windows from an abstract continent, the coins that Europeans from 12 countries will soon jingle in their pockets will...
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Globalization done more harm than good: Aziz
ISLAMABAD, Nov 29: Globalization is about international trade, benefits and risks, but it is the damage which had been shared and not the benefits....
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Reserves rise to $4.319bn
KARACHI, Nov 29: Pakistan’s liquid foreign exchange reserves stood at $4.319 billion on November 24, up from $3.621 billion a week earlier....
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Rupee up in kerb
KARACHI, Nov 29: The rupee gained 10 paisa more against the US dollar in the open market on Thursday and closed at 61.20/61.40 for spot buying and selling against the previous...
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PSO awards HSFO supply contracts to three firms
KARACHI, Nov 29: Pakistan State Oil (PSO) has awarded contracts for supply of 2.3 million tons of high sulphur fuel oil (HSFO) for 2002 to three bidders....
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Chinese firm seeks listing in US, HK
HONG KONG, Nov 29: Aluminium Corp of China Ltd (Chalco), created just two months ago and now seeking a public listing in Hong Kong and New York, could be one of...
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Enron faces ruin as rescue efforts fail
LONDON, Nov 29: Global energy trading firm Enron faced ruin on Thursday as its European arm filed for creditor protection in one of the world’s biggest ever corporate failures....
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India plans 20,000 tons rubber export
MUMBAI, Nov 29: India plans to export about 20,000 tons of natural rubber in the current year to March by giving dealers financial incentives, in a bid to revive depressed prices,...
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Malaysian palm oil ends higher
KUALA LUMPUR, Nov 29: Malaysian crude palm oil rebounded due to late short covering on Thursday but with players anxious about export figures for the whole of November, traders said....
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Dollar edges up against yen
TOKYO, Nov 29: The dollar edged up against the yen in Tokyo on Thursday after a key Japanese economics minister hinted the Bank of Japan (BoJ) should buy foreign debt, dealers...
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PetroChina to cut lifting cost in 2002
SINGAPORE, Nov 29: China’s largest oil and gas producer PetroChina said on Thursday it aimed to reduce crude lifting costs by five per cent in 2002 and boost natural gas sales...
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Cost of Afghanistan’s reconstruction
KARACHI, Nov 29: The World Bank officials think it is premature to put a price tag on reconstruction needs of Afghanistan before making a detailed assessment but indicate that some estimates...
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PSMA for balance in demand, supply: Sugar industry in crisis
KARACHI, Nov 29: The chairman Pakistan Sugar Mills Association (PSMA) Ashraf W Tabani said on Thursday that the government will have to rectify its past mistake by striking a balance between...
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Spinners indulge in panic buying
KARACHI, Nov 29: Cotton market on Thursday hummed with activity as spinners indulged in panic buying and lifted about 50,000 bales and brokers claim a good part of mill demand remained...
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Tea cultivation in NWFP picks up
KARACHI, Nov 29: Commercial production of tea will start from 2004 as tea cultivation in the NWFP picks up, following initial success of trial production undertaken by a multinational company....
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