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| May 7, 2002 | Tuesday | Safar 23, 1423 |
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NTC chief for expertise in dumping laws
KARACHI, May 6: The chairman, National Tariff Commission (NTC), Faizullah Khilji on Monday called for developing local expertise on anti-dumping laws, which are highly technical and are of legal nature.... 
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IMF mission takes up public sector units today
ISLAMABAD, May 6: The officials of the Ministry of Finance will discuss in detail the dismal performance of public sector corporations, which are incurring Rs100 billion losses annually, with the visiting...
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Trade deficit narrows
ISLAMABAD, May 6: Trade deficit during the first 10 months of current financial year slid to $921.31 million, that is, $481.53 million less than during the corresponding period of previous year....
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Political risk cover likely for UK investors
KARACHI, May 6: The UK Export Credit Guarantee Department (ECGD) is likely to restore medium term political risk cover for British business making investment in Pakistan, sources here said....
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SPI shows decline
ISLAMABAD, May 6: Sensitive Price Indicator (SPI) during the week ending May 2, 2002, declined by 0.19 per cent to 103.96 as compared to the previous week, according to the data...
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Exports to US fall slightly in July-Feb
KARACHI, May 6: Pakistan has seen a slight fall in its exports to the US in the first eight months of this fiscal year and business leaders fear further fall in...
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KESC Proposes cut in nominal share value
KARACHI, May 6: The Karachi Electric Supply Corporation Limited (KESC) announced on Monday that it proposed to reduce the nominal value of share in the company from Rs10 to Rs3.50 by...
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SME risk capital fund under study
ISLAMABAD, May 6: SME Institute of Finance, Washington D.C., has chalked out a comprehensive development programme for Pakistan’s SME sector and also considering setting up SME risk capital fund....
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Cotton output
KARACHI, May 6: The cotton production has increased by 1.02 per cent to more than 10.291 million bales till May 1, said a fortnightly report of Pakistan Cotton Ginners Association (PCGA)...
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Conversion of system
ISLAMABAD, May 6: The Bestway Cement has signed an agreement with Chinese company — IPPR — for conversion of its firing system from furnace oil to coal firing. The work on...
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Stocks fail to extend post-referendum rally
KARACHI, May 6: Stocks on Monday failed to extend the post-referendum rally as a section of investors sold in part their long holdings to keep their statistical position in order to...
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NWFP releases Rs554m for uplift schemes
PESHAWAR, May 6: The NWFP government has, so far, released over Rs554 million to finance district specific on-going development schemes in line with its envisaged plan to bring down its development...
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Cotton market lacks lustre
KARACHI, May 6: Cotton market on Monday reopened on an easy note as higher unsold stocks of over a million bales lying with the ginners kept spinners on sidelines for most...
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SECP action against dividend omitting cos
KARACHI, May 6: The Securities and Exchange Commission of Pakistan (SECP) has taken tough measures to protect the interest of small shareholders and force companies to declare dividends....
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Withdrawal of tax exemptions under study
ISLAMABAD, May 6: The government on Monday announced that it was considering eliminating a number of income tax exemptions effective from July 1, 2002....
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Export awareness seminar on 15th
PESHAWAR, May 6: The Export Promotion Bureau (EPB), in collaboration with the Sarhad Chamber of Commerce and Industry (SCCI), would hold a day-long awareness raising seminar covering different aspects of export business...
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Malaysian palm oil prices lower
KUALA LUMPUR, May 6: Malaysian palm oil futures extended losses on Monday with worries over huge soyabean stocks in South America putting pressure on the market....
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Karachi Port operations
KARACHI, May 6: Seven ships carrying general cargo, containers and oils are expected to arrive at the outer anchorage on Tuesday....
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Turkish cos seek joint ventures
SIALKOT, May 6: Turkish embassy in Islamabad has assured the Sialkot businessmen of early provision of all technical and commercial assistance for the development of cottage industries....
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KCAG blames Customs for harassment
KARACHI, May 6: The Karachi Customs Agents Group (KCAG) has accused the Customs authorities for causing unnecessary harassment and mental torture on account of slow processing of documents at Customer Service...
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