|
| April 6, 2002 | Saturday | Muharram 22, 1423 |
|
Lending rate falls sharply in February
KARACHI, April 5: Three nationalized commercial banks or NCBs have brought down their combined weighted average lending rate from 14.08 per cent in January to 13.19 per cent in February 2002.... 
|
|
Iran takes lead over Pakistan: Cement export to Afghanistan
KARACHI, April 5: For all the euphoria over the prospects of cement exports to Afghanistan, industry sources say that the country has been able to export just under 25,000 tons of...
|
|
||
|
Cotton policy for Balochistan announced
QUETTA, April 5: Commerce Minister Abdul Razak Dawood and Agriculture Minister Khair Mohammad Junejo on Friday announced Cotton Policy for Balochistan and assured growers continuity of incentives....
|
|
Exports fall by 2.67pc in nine months: Trade gap shrinks
ISLAMABAD, April 5: The exports of the country continued their downward trend during the first nine months of the current fiscal year registering a decline of 2.67 per cent as compared...
|
|
|
||
|
Short-covering in pivotals helps index cut losses
KARACHI, April 5: Stocks remained under pressure on Friday but managed to finish well above the day’s lowest levels thanks to active short-covering in FFC-Jordan Fertilizer and some other low-priced shares...
|
|
Euro edges up against dollar
LONDON, April 5: The euro edged up against the dollar on Friday, taking advantage of disappointing employment figures in the United States....
|
|
|
||
|
Bidding for two ghee units today
ISLAMABAD, April 5: The bidding for the sale of 100 per cent shares of E.M. Oil Mills and Industries Limited and acquisition of 61.8 per cent shares of Maqbool Company Limited...
|
|
Iraq keen to import foodgrains
KARACHI, April 5: Iraq is keen to upgrade trade relations and make Pakistan one of the main supplier of food grains as well as equipment needed to rehabilitate its economy....
|
|
|
||
|
Pakistan may get share in Philippine rice tender
KARACHI, April 5: Pakistan is likely to get a sizable share in the Philippines rice tender for 390,000 tons....
|
|
Syria wants expansion in economic ties
KARACHI, April 5: A high-powered Syrian delegation led by Dr. Ghassan S. El-Rifai, minister for economy and trade, visited the Islamic Chamber of Commerce and Industry and discussed means of expanding...
|
|
|
||
|
War-risk levy Roger will take up issue with UK firms
KARACHI, April 5: Deputy head of British Mission in the city, Roger Sykes on Friday promised to take up the issue of ‘war-risk surcharge’ with the UK insurance companies and would...
|
|
WB, PARC discuss farm research system
ISLAMABAD, April 5: A five-member World Bank mission led by Sakwa Bunyasi, the team leader, on Thursday called on chairman, Pakistan Agriculture Research Council (PARC), Dr. Badaruddin Soomro, and discussed the...
|
|
|
||
|
Dull trading on cotton market
KARACHI, April 5: Quieter conditions prevailed on cotton market on Friday as spinners kept to sidelines most of the session and did not make fresh commitments....
|
|
Escalating prices mar trading on yarn market
FAISALABAD, April 5: Business activities on the local cotton yarn market remained thin for the last couple of days due to absence of buyers and escalating prices of polyester fibre forcing...
|
|
|
||
|
SABIC acquires DSM plant for $2 billion
RIYADH, April 5: The Saudi Basic Industries Corporation (SABIC) has announced ‘agreeing in principle’ to buy the petrochemcial unit of the Dutch chemical giant DSM NV at a price of 2.25...
|
|
Gazprom may change export strategy
MOSCOW, April 5: Russian gas giant Gazprom said on Friday it might change its export strategy and start shipping gas directly to European countries instead of through trading houses....
|
|
|
||
|
ASEAN-US first trade talks in 10 years
BANGKOK, April 5: ASEAN’s economic ministers held talks with US Trade Representative Robert Zoellick here on Friday in the first formal negotiations to build trade ties with the world’s biggest economy...
|
|
Malaysian palm oil higher
KUALA LUMPUR, April 5: Malaysian palm oil futures ended higher on Friday after Chinese traders said Beijing had released import licences for palm oil....
|
|
|
||
|
Rs52m allocated for dry port at Chaman
QUETTA, April 5: Commerce Minister Abdul Razak Dawood has said that Islamabad has allocated Rs52 million for setting up a dry port at Chaman, a border town with Afghanistan....
|
|
LCCI for consensus on MSIRTM
LAHORE, April 5: The government should evolve a national consensus before ratifying the Madrid System of International Registration on Trade Mark (MSIRTM)....
|
