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| January 23, 2002 | Wednesday | Ziqa'ad 8, 1422 |
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Discount rate lowered to 9 per cent: Fourth cut since July
KARACHI, Jan 22: The State Bank of Pakistan on Tuesday cut its discount rate by another one per cent to 9 per cent to pull the economy out of slump. This... 
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Questionnaire being sent to 10,000 units: Industrial census
KARACHI, Jan 22: A comprehensive questionnaire seeking information virtually on all aspects of industrial production is being dispatched to more than 10,000 industrial units all over the country....
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Defence export seen at $250m in five years
KARACHI, Jan 22: Defence Export Promotion Organization (DEPO) forecasts an increase in country’s defence export up to $250 million in the next five years from the current $40-50 million....
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FDI up by 39pc in July-Dec
ISLAMABAD, Jan 22: Foreign direct investment (FDI) has increased by around 39 per cent during first six months of the current fiscal year, notwithstanding a declining trend in imports, exports and...
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Ginning sector
LAHORE, Jan 22: France will provide technical assistance to Pakistan for improving the ginning sector to the international standards....
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Attack on US centre stirs hasty selling on KSE
KARACHI, Jan 22: Reports of a terrorist attack on the US centre in Kolkata killing four persons jolted a perfectly sound market on Tuesday as investors indulged in hasty selling fearing...
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Lifting of curbs on exports to EU sought: Milk products
ISLAMABAD, Jan 22: Pakistan will seek withdrawal of restrictions on export of its milk products to European Countries (EU), a senior official told Dawn on Tuesday....
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NWFP may not meet abiana target
PESHAWAR, Jan 22: NWFP is likely to miss the annual recovery target of abiana with a big gap after it achieved only 23 per cent of the annual target at the...
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SLIC life fund stands at Rs75bn
KARACHI, Jan 22: The life fund of State Life Insurance Corporation (SLIC) now amounts to Rs75 billion. Of this amount, a substantial sum has been invested in government securities and bonds....
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Active buying on TCP entry reports
KARACHI, Jan 22: Brisk activity was witnessed on the cotton market on Tuesday as spinners made an extensive covering purchases followed by reports that the Trading Corporation of Pakistan (TCP) will...
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IMF for removal of statistical discrepancies
ISLAMABAD, Jan 22: The IMF has asked the government to remove various statistical discrepancies and direct the provinces to improve reporting on their fiscal operations....
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Pakistan, Turkey may sign a string of trade accords: JMC meets by month-end
ISLAMABAD, Jan 22: Pakistan is likely to sign a string of trade agreements with Turkey later this month, a top official told Dawn....
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CBR directive to RCITs
ISLAMABAD, Jan 22: The Central Board of Revenue (CBR) has directed all its Regional Commissioners of Income Tax (RCITs) to stop the practice of issuing pre-show cause notice to an assessee...
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FCCI flays tax relief for SIZs
FAISALABAD, Jan 22: Faisalabad Chamber of Commerce and Industry (FCCI) has criticized the government decision for exempting machinery and other related material from all taxes only for Special Industrial Zones (SIZs)...
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Karachi Port operations
KARACHI, Jan 22: Three ships carrying containers, iron scrap and crude oil are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Asian stock markets mostly lower
TOKYO, Jan 22: Share prices drifted lower on most Asian stock markets on Tuesday due to a lack of confidence among investors....
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Dollar shoots up in Tokyo
TOKYO, Jan 22: The dollar rocketed to a new three-year high against the yen on Tuesday on speculation Washington accepted a weaker Japanese currency despite a warning from US Treasury Secretary...
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Malaysian palm oil rallies
KUALA LUMPUR, Jan 22: Speculation of strong exports for January spiked Malaysian palm oil futures on Tuesday in a classic rally driven by heavy punting and little fact, dealers said....
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SECP filing lawsuit against listed co
ISLAMABAD, Jan 22: The Securities and Exchange Commission of Pakistan (SECP) has decided to prosecute all seven directors including the chief executive of a listed company for their deliberate and wilful...
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Habib Bank offer not attractive
KARACHI, Jan 22: The chairman, Pakistan Leather Garments Manufacturers & Exporters Association, Fawad Ijaz Khan, has said that the Habib Bank offer of dollar financing at 6.5 per cent is not...
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