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| March 3, 2002 | Sunday | Zilhaj 18, 1422 |
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SLIC plans investment scheme: Provident fund KARACHI, March 2: The State Life Insurance Corporation (SLIC) is drawing up a scheme of productive and profitable investment of provident funds of the private and government companies.... 
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Sugar companies post bitter results for 2001
KARACHI, March 2: The financial figures emanating from sugar companies show that the year ended September 30, 2001 was a bitter year for the industry....
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Textile exporters assured of duty drawback hike
KARACHI, March 2: Finance Minister Shaukat Aziz on Saturday assured the textile exporters of increase in rate of duty drawbacks to provide relief to the industry using costlier imported polyester fibre....
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Drug makers see 50pc rise in supply to Kabul
KARACHI, March 2: Pharmaceutical manufacturers expect at least 50 per cent increase in supply of locally produced drugs to the war-torn Afghanistan this year....
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Cabinet body to work out tax on urea export
ISLAMABAD, March 2: The government has constituted a cabinet sub-committee to work out quantum of tax to be levied on export of urea/fertilizer....
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Net stock of debt cut by $3.4bn in 2 years
KARACHI, March 2: State Bank Governor Dr Ishrat Husain on Saturday said Pakistan, under its “strategy for external debt management (1999-2004)”, had reduced the net stock of debt over the last...
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Soft skills with large production facilities
KARACHI, March 2: If Pakistan has to position itself as one of the three global centres for manufacture of textiles, it should go for soft skills with large production facilities. The...
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China revokes licences for five accounting firms
SHANGHAI, March 2: China revoked the licences of five accounting firms for poor practices, as part of Beijing’s efforts to clean up its stock markets, state media said on Saturday....
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Eurostocks up 4.5pc for week on rosier outlook
LONDON, March 2: Stocks ended the week on a firm note in Europe on Friday as retail leader Carrefour sailed ahead amid further signs the US economy the world’s biggest is...
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ME steps up Economic cooperation with Europe
NICOSIA, March 2: Economic cooperation between the Middle East and Europe moved forward this week with the Gulf oil monarchies and the European Union (EU) agreeing to speed up the conclusion...
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EU, Germany reach further state guarantee accord
BRUSSELS, March 2: The European Commission and Germany reached agreement on state guarantees for German special credit institutions in a deal which will stop such institutions using state support to finance...
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CSCE sugar extends rally to end firm
NEW YORK, March 2: CSCE sugar futures surged to a strong finish Friday on fresh speculative buying, with a more friendly outlook seen giving May a further boost going into next...
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NY cotton settles up
NEW YORK, March 2: NY cotton futures finished fractionally firmer Friday on minor buying by small speculators in a market struggling from a dearth of news, with more of the same...
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Berlusconi calls for European labour market reform
BERLIN, March 2: Italian Prime Minister Silvio Berlusconi called for more flexible European labour markets on Saturday and said Germany’s Social Democrat Chancellor Gerhard Schroeder was coming around to share his...
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British finance company a Prost buyer
PARIS, March 2: A British financier has been unveiled as the buyer of parts of the bankrupt French Formula One team Prost - a deal that could see a new team...
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Bush defends corporate contacts over energy policy
DES MOINES, March 2: Without mentioning Enron Corp., President George W. Bush on Friday defended contacts between a White House task force and energy industry executives, saying they were justified in...
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Japanese contractor Sato Kogyo to file for bankruptcy
TOKYO, March 2: Ailing Japanese contractor Sato Kogyo Co. is set to file for bankruptcy early next week with liabilities of some $3.75 billion reports said on Saturday....
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Duty on refined, raw sugar raised to 30pc
ISLAMABAD, March 2: The government has decided to increase customs duty on sugar from 20 per cent to 30 per cent in order to safeguard and protect the local industry....
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Pakistani cos invited to invest in Romania
KARACHI, March 2: Secretary of State, Ministry of Industry and Resources, Romania, Dr Mihai Berinde, has invited more Pakistani companies to invest in his country, saying that more than 300 Pakistani...
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NAB to consult FPCCI on cases against traders
KARACHI, March 2: The chairman, National Accountability Bureau (NAB), Lt-Gen Munir Hafiez has assured that on cases regarding businessmen, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will be consulted...
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