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| May 5, 2002 | Sunday | Safar 21, 1423 |
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Govt may allow import at lower duty rates: High count yarn
KARACHI, May 4: Commerce Minister Abdul Razak Dawood hinted on Friday that the government would allow import of high count yarn at lower duty rates to facilitate value-added textile industry to... 
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Non-peforming loans of NCBs major problem: World Bank report
ISLAMABAD, May 4: Non-performing loans (NPLs) of the nationalized commercial banks (NCBs) have become a major problem because of political interference and directed credits to individuals and companies....
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Divergent views on cotton ‘hedge trading’
KARACHI, May 4: Federal Minister for Food, Agriculture and Livestocks, Khair Mohammad Junejo hoped that a committee in the Ministry of Commerce working on the issue of ‘hedge trading’ in cotton...
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Trade bodies consent sought to abolish DTO
KARACHI, May 4: Minister for Commerce Abdul Razak Dawood has suggested to abolish the office of Director Trade Organization (DTO) if the trade bodies also give their consent in favour....
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Razak for production of taint-free cotton: Ordinance soon
KARACHI, May 4: Federal Minister for Commerce Abdul Razak Dawood on Saturday said that the government would soon promulgate the Cotton Standardization Ordinance to ensure contamination-free and clean cotton production....
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Sugar output rises to 3.2m tons
ISLAMABAD, May 4: The domestic sugar production soared by 28 per cent or 700,000 tons to 3.2 million tons during the current season against 2.5 million tons production of the last...
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Faysal Bank pre-tax profit rises to Rs252m
KARACHI, May 4: Faysal Bank Ltd. that now represents an entity comprising Faysal Bank Ltd. and Al-Faysal Investment Bank Ltd. (AFIBL) posted a pre-tax review of Rs252.86 million in the first...
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Dilemmas facing policymakers and conventional wisdom: CORPORATE FOCUS
KARACHI, May 4: Seven major dilemmas facing policymakers, identified by State Bank Governor Dr. Ishrat Husain, have put conventional wisdom to a critical test....
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Consumer tax hike sours Singapore budget mood
SINGAPORE, May 4: Big business came out tops in a Singapore budget filled with tax cuts, but many people worried higher consumer taxes next year will add to the pain for...
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Greenspan urges reform on stock options
SEA ISLAND, May 4: Federal Reserve Chairman Alan Greenspan on Friday urged US regulators to overhaul rules on stock options to corporate officers, saying the Enron debacle shows the need to...
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Iraq, Russia discussing huge deals
DUBAI, May 4: Iraq and Russia are still negotiating deals worth some $40 billion for 67 projects, including the oil and gas sectors, the Middle East Economic Survey (MEES) says in...
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NY cotton futures lower
NEW YORK, May 4: NY cotton futures closed marginally lower on Friday because of follow-through speculative pressure, but scale-down trade buying likely tied to export orders pared market losses....
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