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| May 14, 2002 | Tuesday | Rabi-ul-Awwal 1, 1423 |
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APCC to finalize PSDP on June 1: NFC moot by month-end
KARACHI, May 13: The Annual Planning Coordination Committee (APCC) is expected to meet on June 1 and the National Economic Council some time in the middle of second and third week... 
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Islamabad, Kabul agree to revive transit trade: Joint panel on roads set up
ISLAMABAD, May 13: Pakistan and Afghanistan on Monday agreed to revive Afghan transit trade and to allow the unloading of goods at port Qasim and their transportation through NLC trucks to...
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Bank guarantees condition waived: Pharma raw materials import
KARACHI, May 13: The pharmaceutical industry has been allowed to clear raw materials from the customs without giving bank guarantees or indemnity bonds. The industry will now have to give an...
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Current account surplus rises to $2 billion: July-March
KARACHI, May 13: Pakistan earned a current account surplus of $2.095 billion in the first nine months of this fiscal year i.e. between July-March 2001-02....
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PSO, Shell lead resistance to larger fall on KSE
KARACHI, May 13: Active short-covering on Monday in the energy sector followed by rumours of an upward revision in the petroleum prices allowed the market to finish on a mixed note,...
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3 more collectors likely
ISLAMABAD, May 13: The government is likely to appoint three more adjudication collectors to facilitate the taxpayers from the next financial year....
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Gold touches Rs6,120
KARACHI, May 13: Gold prices touched all time high at Rs6,120 per 10 grams on Monday from previous Rs6,115 per 10 grams on April 27 due to rising trend in global...
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Oil prices slip
LONDON, May 13: Oil prices slipped back on Monday in the absence of a harsh military response by Israel for last week’s suicide bomb in Tel Aviv that many in the...
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SLC plans to issue right shares
KARACHI, May 13: Security Leasing Corporation has announced that the company board had approved 50 per cent right issue of Preference shares, subject to the approval of SECP. “These preference shares...
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Price war continues on cotton market
KARACHI, May 13: Cotton market on Monday showed quietly steady trend as ginners held on to their unsold positions and did not lower asking prices despite some positive overtures from the...
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Major chunk remains unutilized: Social sector allocations
ISLAMABAD, May 13: The government has been able to utilize only 20 per cent of Rs10.45 billion budget allocation for development of core social sectors till December 31, 2001....
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Compensatory drawback facility notified: Polyester staple fibres
ISLAMABAD, May 13: The Central Board of Revenue (CBR) has notified compensatory duty drawback (DDB) on locally produced polyester staple fibres (PSF)....
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Software industry unaffected by 9/11
KARACHI, May 13: The September 11 incidents had not made any significant impact on Pakistan’s software industry as the staff size of 55 per cent software houses remained unchanged after the...
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Karachi Port operations
KARACHI, May 13: Three ships including Jian She-33, carrying 5,800 tons of palm oil are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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SLIC pays Rs400m claims
KARACHI, May 13: State Life Insurance Corporation paid Rs400 million maturity and death claims to 6,258 policyholders and their family members during January to March this year,” SLIC chairman Sameeul Hasan...
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Palm oil prices lower
KUALA LUMPUR, May 13: Malaysian palm oil futures closed lower on Monday after the government gave a higher estimate for carry-forward stocks of crude palm oil (CPO) in the current month...
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Indian rupee steady
MUMBAI, May 13: The rupee ended steady on Monday in lacklustre, range-bound trading marked only by light dollar purchases by state-run banks....
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Deutsche Bank rules out mergers
FRANKFURT, May 13: Deutsche Bank, the biggest bank in Germany, is not planning any mergers or acquisitions in the next year and a half, chairman Rolf Breuer said in a newspaper...
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Japan to retaliate against US steel tariffs
TOKYO, May 13: The Japanese government said on Monday it will announce plans to retaliate against US steel tariffs at the end of the week if its pleas for compensation and...
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9th ICP Fund premium
KARACHI, May 13: The 9th ICP Mutual Fund managed to gather one per cent premium in its market price over its Net Asset Value (NAV) per share, while the rest of...
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