Dollar option for Afghanistan
KARACHI, Jan 30: If the IMF succeeds in persuading Kabul to switch over to dollar in preference to its battered and feeble Afghani, it would unfold an uncertain future for Pakistan’s...
Yield on PIBs set to fall
KARACHI, Jan 30: The State Bank is expected to cut the coupon rate on 10-year Pakistan Investment Bonds before conducting the next auction of the bonds due in February. The central...
Sugar inventory with mills stand at 1.150m tons
KARACHI, Jan 30: With sugarcane crushing in full swing the mills have started experiencing a rapidly rising inventory of the refined white sugar....
Engro Chemical: CORPORATE PROFILE
KARACHI, Jan 30: The full year Engro results released by the company on Wednesday, could have caused long faces in the Research rooms of several stock brokerage firms. A flip of...
Decision on 13 sick units next week
LAHORE, Jan 30: The Revival Committee for Sick Units will meet here on Monday to consider the revival pleas of 13 more sick units and decide their fate....
Export finance facility restored: Bleached fabric
KARACHI, Jan 30: The exporters of bleached/unbleached cloth fabric can now avail of export finance facility under part I of the export finance scheme. But they can get the facility against...
HBL assures SMEs of financial needs
KARACHI, Jan 30: The Habib Bank Ltd (HBL) would encourage small and medium enterprises and meet their financial needs even if it has to take risk but of course would not...
OMO sucks in Rs8.9bn
KARACHI, Jan 30: The State Bank on Wednesday pumped in Rs8.9 billion into the inter-bank market through treasury bills repo at its open market operation....
Bullish sentiment continues to push stocks higher
KARACHI, Jan 30: The KSE 100-share index on Wednesday briefly crossed the psychological barrier of 1,600 points on fresh strong buying in the leading base shares of Hub-Power and PTCL, but...
Qatari minister due next month: Gas pipeline, oil sale
ISLAMABAD, Jan 30: Qatari Oil Minister Abdullah bin Hamad al-Attiya will be visiting Pakistan next month to follow up a $3.2-billion Gulf-South Asia Pipeline (Gusa) project and oil sale to Pakistan....
Riyadh orders crackdown on money laundering
RIYADH, Jan 30: Saudi Arabia has ordered an immediate crackdown on money laundering activities in the Kingdom. Orders have been issued to ‘very urgently’ implement measures recommended by a high-level committee...
Prices ease on cotton market
KARACHI, Jan 30: Cotton prices on Wednesday eased further as ginners remained active sellers but there was no matching demand from the mills or spinners....
KCCI team to visit Kabul
KARACHI, Jan 30: The KCCI will send a large trade delegation to Afghanistan to assess the requirements for food and consumer goods in that country....
Karachi Port operations
KARACHI, Jan 30: Four ships including rice loader Banglar Kallol to load 12,500 tons of the commodity are expected to arrive at the outer anchorage on Thursday....
Prime Bank profit rates
KARACHI, Jan 30: Prime Commercial Bank paid a cool 9 per cent return to its saving deposit holders during July-December 2001....
Asian stocks
TOKYO, Jan 30: Stocks fell throughout much of Asia on Wednesday following heavy overnight losses on Wall Street with the situation in Japan exacerbated by the sacking of foreign minister Makiko...
Indian rupee hits new lows
MUMBAI, Jan 30: The rupee weakened sharply on Wednesday, recording fresh intra-day and closing lows, on heavy dollar demand believed to be for commercial flows....
Footwear exports up
LAHORE, Jan 30: Pakistan’s footwear exports have increased considerably to Rs1.219 billion in the first five months (July- Nov) of the current fiscal year from Rs917.513 million during the corresponding period...
Waste water treatment plant
KARACHI, Jan 30: Sindh Governor Mohammadmian Soomro on Tuesday lauded the efforts of the BASF Pakistan management for installing a biological waste water treatment plant that would substantially save factory consumption....