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| February 5, 2002 | Tuesday | Ziqa’ad 21, 1422 |
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Govt sector starts credit retirement
KARACHI, Feb 4: The federal as well as provincial governments have started retiring bank credit to meet the target set in the annual credit plan in consultation with the IMF.... 
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New IT ord subject to cabinet review
ISLAMABAD, Feb 4: The Central Board of Revenue (CBR) has said that all provisions in the new Income Tax Ordinance 2002 are subject to review, consideration and approval by the Federal...
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Sindh investment body gets executive officer
KARACHI, Feb 4: A full time Executive Officer of the Provincial Committee on Investment (PCI) has been appointed on a lucrative pay package in the Sindh Industries Department....
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ICP mutual funds trading at discount
KARACHI, Feb 4: All the 25 closed-end mutual funds managed by Investment Corporation of Pakistan (ICP) continued to trade at discounts to their Net Asset Value (NAVs) at the end of...
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3 sick units revived
LAHORE, Feb 4: The Committee for Revival of Sick Industrial Units decided to revive three more industries out of 11 units whose cases were considered at its 28th meeting held at...
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KCA seeks hedge trading in cotton
KARACHI, Feb 4: The Karachi Cotton Association (KCA) has urged the government to immediately allow hedge trading in cotton to safeguard the interest of all section of the cotton trade....
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Pakistan to start pencillin production
LAHORE, Feb 4: Pakistan plans to begin production of penicillin with the financial assistance of Islamic Development Bank (IDB) and the technological cooperation of Indonesia....
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US team meets PC chief
ISLAMABAD, Feb 4: A six-member US delegation led by Deputy Secretary of the Treasury, Kenneth Dam, on Monday met Federal Minister for Privatization, Altaf M. Saleem....
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Rs2.5bn paid as drawback in July-Jan
KARACHI, Feb 4: The Collectorate of Customs (exports), Karachi, during January 2002 disbursed Rs2,500 million as duty drawback to various exporters as compared to Rs1530 million disbursed during the corresponding period...
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Economy showing positive sign
ISLAMABAD, Feb 4: Commerce Minister Abdul Razak Dawood has said the government has established a better credibility in the world by hard work and good governance....
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KSE 100-share index touches 1,700-point barrier
KARACHI, Feb 4: The buying euphoria was well-sustained on the stock market on Monday but late profit-selling in some of the pivotals allowed the KSE 100-share index to close with clipped...
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ADBP being revamped
ISLAMABAD, Feb 4: Agricultural Development Bank of Pakistan (ADBP) has launched the process of revamping and restructuring its operations for making available cost-effective credit to the agriculturists to enable them increase...
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Active trading on cotton market
KARACHI, Feb 4: Trading on cotton market was moderately active in the absence of strong mill demand and stray lots lifted by the exporters failed to generate sympathetic buying from the...
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Plain shaft bearings allowed drawback
ISLAMABAD, Feb 4: The government has allowed duty drawback facility to manufacturers of plain shaft bearings....
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Japan vows to help Asian economy
TOKYO, Feb 4: Japan pledged on Monday to help stabilize currencies and financial conditions in Asia, as well as tackling its own national debt, already the highest of the Group of...
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EU economic indicators
BRUSSELS, Feb 4: Aggregate economic confidence indicators for the European Union climbed by 0.4 percent in January from December, apparently confirming a reversal of the negative course since the last quarter...
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Russia likely to pump up oil exports
MOSCOW, Feb 4: Russia looks likely to pump more oil to world markets within weeks, sparking a fresh war with Opec after a brief curb on exports that flooded the domestic...
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Asian stocks mostly lower
TOKYO, Feb 4: Asian share prices closed mostly lower Monday on a lack of fresh incentives after Wall Street falls late last week....
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Rice export thin on low crop, high rates
KARACHI, Feb 4: Rice prices remained firm during the past week on good local demand, but traders said on Monday that high domestic prices and low crop figures had almost put...
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SME Bank plans package for Sialkot units
SIALKOT, Feb 4: The president SME Bank Ltd, Kaiser H. Naseem has said that the Bank will soon design a grand package of incentives in collaboration with Smeda to develop the...
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