Policy framework for mutual funds
KARACHI, March 26: The SECP is developing a policy framework to improve the performance and market share of Mutual Funds and enhance return to the investors, official sources here said....
Corporate demand for PIBs declines
KARACHI, March 26: The demand for the three-year and five-year Pakistan Investment Bonds (PIBs) has started tapering off and bankers expect that the auction of these bonds may not attract too...
Index slides as stocks undergo technical correction
KARACHI, March 26: Shares on the Karachi stock market underwent technical correction on Tuesday, which saw KSE-100 index slide by 28.37 points or 1.5 per cent to close at 1865.63 points....
CBR proposes new rules
ISLAMABAD, March 26: The Central Board of Revenue (CBR) has proposed new rules for maintaining proper books of account, documents and records of income derived from businesses or profession by all...
Pakistani exports to S. Arabia up by 22pc
RIYADH, March 26: During the first seven months of the current financial year until January 2002, Pakistani exports to Saudi Arabia have registered a growth of 22 per cent, statistics reveal...
Govt may slash 5pc duty on LPG import
ISLAMABAD, March 26: The government is likely to slash import duty on Liquefied Petroleum Gas (LPG) from 10 per cent to 5 per cent in the financial year 2002-03....
Double ST refund: CBR move criticized
KARACHI, March 26: Hosiery and knitwear exporters have urged the government to take notice of the harassment of exporters by the CBR that has opened up five years old cases regarding...
Production of industrial items declines
ISLAMABAD, March 26: The production of automobile and industrial items drastically reduced during first half of the current fiscal, though overall large scale manufacturing posted around 3.7 per cent growth compared...
Prices steady on cotton market
KARACHI, March 26: Amid slow trading raw cotton prices remained steady in the local market when trading resumed on Tuesday after a long closure on account of Pakistan Day and Ashura....
TCP urged to buy surplus sugar
KARACHI, March 26: Pakistan Sugar Mills Association (PSMA) has urged the TCP to purchase 0.2 to 0.3 million tons sugar out of the expected surplus of 0.621 million tons....
Karachi Port operations
KARACHI, March 26: Six ships carrying crude oil molasses, and containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
Palm oil prices
KARACHI, March 26: The local palm oil market was dull during the past week owing to thin demand, and weakening international edible oil prices will keep buyers sidelined in the coming...
Malaysian palm oil prices rebound
KUALA LUMPUR, March 26: Malaysian palm oil futures returned to positive territory on Tuesday due to a technical rebound and ideas about tight soybean supplies in China, traders said....
Wheat export to Egypt being streamlined
KARACHI, March 26: An official delegation would leave for Cairo soon to hold talks with the Egyptian official for the removal of quarantine conditions on wheat import from Pakistan, official sources...