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| May 12, 2002 | Sunday | Safar 28, 1423 |
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Poor facilities impede investment: Sindh industrial estates
KARACHI, May 11: Out of seven main industrial estates in Sindh, only two estates — Site Karachi and Hyderabad — have attracted a sizeable number of foreign and local investment.... 
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Badin-1 revised bid sent to CCoP for approval
ISLAMABAD, May 11: The Privatization Commission Board here on Saturday recommended to the Cabinet Committee on Privatization (CCoP) to approve the upwardly revised 143 million dollars bid for Badin-1 oil field....
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Exporters suffer due to SBP decision: Perishable items
KARACHI, May 11: Pakistani exporters of perishable items—mainly fruits and vegetable—have virtually become hostage in the hands of their foreign buyers because of State Bank of Pakistan’s decision to exclude banks...
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Carryover rate drops
KARACHI, May 11: The average carryover transaction (COT) rate at the Karachi stock market, during the week ended Friday, dipped to 8.4 per cent, which analysts noted had possibly hit the...
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Strengthening business amidst security concerns
KARACHI, May 11: Whenever terrorists strike to take a toll of innocent human lives, the response from the business and the government is that foreign investment would be hit....
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Razak optimistic about export target
ISLAMABAD, May 11: Federal Commerce Minister Abdul Razak Dawood has said on Saturday that the country’s exports were expected to touch $ 9 billion by end of the current financial year....
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Euro, sterling up in inter-bank, kerb market
KARACHI, May 11: The euro has risen by 4.8 per cent and British pound sterling by 2.8 per cent against the rupee in the inter-bank market since April 1, 2002. At...
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ASEAN and China to talk on free trade zone
SINGAPORE, May 11: A first round of talks aimed at creating what will be the world’s biggest free trade zone, encompassing China and South East Asia, will be held in Beijing...
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IBM plans to cut up to 9,500 jobs
NEW YORK, May 11: International Business Machines Corp., faced with stagnant sales due to a technology spending slowdown, is poised for its largest work force reduction in a decade, according to...
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UAE, Qatar see no need for Opec output hike
CAIRO, May 11: United Arab Emirates Oil Minister Obaid bin Saif al-Nasseri said on Saturday he saw no need for Opec to raise supplies at its June meeting unless there was...
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US stock markets close lower
NEW YORK, May 11: Stocks skidded on Friday to finish the week at a loss despite the monster rally two days earlier, as mounting debt at telecom companies like WorldCom exacerbated...
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Euro higher against greenback
NEW YORK, May 11: The dollar was easier on the day on Friday but looked set to end higher on the week, leaving dealers to pore over technical charts for direction...
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‘Big Oil’ under spotlight in gas price consumer groups blame
NEW YORK, May 11: Is “Big Oil” holding American car owners and businesses over a barrel by boosting gasoline prices every spring and summer for peak driving season?...
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Saudi Arabia, others pledge to ensure oil market stability
CAIRO, May 11: Top world oil exporter Saudi Arabia and other key Arab members of Opec pledged here Saturday to ensure market stability amid appeals to avoid using oil as a...
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States attack Microsoft expert as case nears end
WASHINGTON, May 11: A computer expert testifying for Microsoft Corp. conceded on Friday that it would be possible to remove features from the company’s Windows operating system even if technically difficult....
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White House opposes US ban on Iraqi oil imports
WASHINGTON, May 11: The Bush administration will urge lawmakers to take language out of energy legislation that would ban U.S. imports of Iraq crude oil, a State Department official told Reuters...
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Oil price climbs on suicide blast, gold touches new high
LONDON, May 11: The price of oil climbed this week on the back of a suicide bombing in Israel that wiped out a week of progress towards peace in the Middle...
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Tax dispute resolution system likely
ISLAMABAD, May 11: The government is likely to implement a new system for dispute resolution between the taxpayers and the tax administration....
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Blast to hit oil, gas sector sell-off badly
LOS ANGELES, May 11: The Wednesday’s killing of 12 French expatriates, just a month after Islamabad’s church killing in diplomatic enclave and reports that the US ambassador has decided to cut...
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Cotton market resists fresh decline
KARACHI, May 11: Cotton market on Saturday resisted fresh decline aided by reports of sharp increase in world prices but ready offtake remained slow as spinners were not inclined to buy...
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