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| April 14, 2002 | Sunday | Muharram 30, 1423 |
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Loan defaults rise during July-Feb
KARACHI, April 13: The amount of loan defaults reported by all the commercial banks rose from Rs121.1 billion at end-June 2001 to Rs126.6 billion at end-February 2002.... 
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Wheat crop estimated at 19m tons this year
ISLAMABAD, April 13: The production of wheat has finally been estimated at 19 million tons this year....
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Sugar output to hit 3.3m tons: Offtake remains slow
KARACHI, April 13: Sugar production is heading to hit a three-year high level of well over three million tons but the unsold stocks are piling up with the crushers because of...
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22 SROs to go by June-end
LAHORE, April 13: Commerce Minister Abdul Razak Dawood on Saturday said some 22 existing SROs would go by the end of the current fiscal year on June 30....
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Profits, assets, company’s value image
KARACHI, April 13: Policy makers want corporates to raise funds from the capital market and reduce their dependence on banks so as to follow in the footsteps of industrialized countries....
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Tax relief for poultry
ISLAMABAD, April 13: The federal government is considering reducing the rate of withholding tax on poultry from the current 1.25 per cent to 0.75 per cent, official sources told Dawn on...
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July-March Revenue collection falls by 3.46pc
ISLAMABAD, April 13: Despite thrice downward revision in the annual tax target, the revenue receipts fell short by 3.46 per cent to Rs269.23 billion against the target of Rs278.89 during the...
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Parties bidding for oil wells named
ISLAMABAD, April 13: The Privatisation Commission here on Saturday released the names of 18 parties who will be taking part in the bidding of nine oil wells on Monday....
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‘S. Arabia debates income taxes for expatriates’
RIYADH, April 13: Saudi Arabia’s advisory Shura council is currently reviewing a draft law that would tax the earnings of expatriate workers for the first time since the 1970s, a member...
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Russia to lift US poultry import ban from Monday
MOSCOW, April 13: Russia will lift its ban on US poultry imports from April 15, an Agriculture Ministry spokesman said on Saturday, ending a month-long stand-off that had strained Moscow’s ties...
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Indonesia may need more debt restructuring
JAKARTA, April 13: Indonesia is likely to need even more debt restructuring in the years ahead, analysts said on Saturday, just as the ink was drying on the latest multi-billion dollar...
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Financing allowed on brown rice exports
KARACHI, April 13: The Banking Policy Department of State Bank through a circular here on Saturday has announced to allow finance/refinance for export of brown rice in bulk/loose....
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US stock markets edge higher
NEW YORK, April 13: Stocks edged higher on Friday as investors bought into the battered technology sector, while US bonds rose after consumer sentiment and retail sales eased worries about a...
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ADBP loan for tobacco growers
SWABI, April 13: The Agriculture Development Bank of Pakistan (ADBP) would provide Rs625 million loan to the agreement-holders of Virginia Tobacco growers of the NWFP this month....
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Experts say US prices, sales data point to modest recovery
WASHINGTON, April 13: The US economy has performed a welcome “soft take-off”, experts said on Friday, as fresh data showed inflation, consumer confidence and store sales all moderating....
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China’s foreign direct investment increases by 27.5pc
BEIJING, April 13: China’s foreign direct investment (FDI) in the first quarter of this year increased by 27.5 per cent from the same period last year to US$10.1 billion, state media...
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‘Sanction ruling delayed in US-EU tax spat’
WASHINGTON, April 13: The World Trade Organization pushed back a ruling on the amount of sanctions the European Union can impose on the United States in a trade spat over US...
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Volatile oil prices dominated world commodity markets
LONDON, April 13: Volatile oil prices dominated world commodity markets this week, buffetted by Middle East turmoil, concerns about disruption to Gulf oil suppliesthe beginning of the week after Iraq said...
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Car buyers still face delayed deliveries
KARACHI, April 13: Automobile consumers continue to face difficulties in getting delivery of their booked motor cars despite assemblers’ claim that they had increased production during March....
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Dull trading on cotton market
KARACHI, April 13: Cotton market closed the weekend session on a cheerless note as spinners were again conspicuous by their absence apparently awaiting the latest arrival figures of phutti into the...
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