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| May 17, 2002 | Friday | Rabi-ul-Awwal 4, 1423 |
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SECP okays OTC, commodity exchange
ISLAMABAD, May 16: The Securities and Exchange Commission of Pakistan (SECP) has approved in principle two major schemes — registration of an exchange for trading in commodity futures contracts and over-the-counter... 
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Is 4.7pc growth target for 02-03 elusive?
KARACHI, May 16: What are Pakistan’s economic growth prospects for next fiscal year? Will Pakistan be able to achieve 4.7 per cent growth during 02-03 as indicated in three years Medium...
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NFC award unlikely this fiscal, says Punjab
LAHORE, May 16: Punjab sees little chance of finalization of the National Finance Commission (NFC) Award within the current financial year ending on June 30....
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Revenue receipts fall short of target by 3.62pc
ISLAMABAD, May 16: The revenue receipts fell short by 3.62 per cent to Rs 306.487 billion against the target of Rs318 billion during the July-April period of the current financial year....
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Customs hold up skimmed powder milk: Adulteration
KARACHI, May 16: Customs will not release the consignments of skimmed milk powder from East Europe and Russia detained on the confusing report of HEJ Research Institute of Chemistry, saying “the...
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KSE extends gains as follow-up support persists
KARACHI, May 16: Stocks on Thursday finished with an extended gain as follow-up support remained fairly persistent on selected counters at the lower level despite tension on the borders. The KSE...
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900 cos apply for delisting under CEES
LAHORE, May 16: Some 900 companies from the two previous Lahore and Gujranwala divisions have so far applied for delisting under the Companies Easy Exit Scheme (CEES) announced by the Securities...
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Call rates shoot up on heavy discounting
KARACHI, May 16: A number of banks on Thursday had to borrow Rs14.1 billion overnight funds from the State Bank at a fixed discount rate of 9 per cent as they...
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Leather exports to EU declining
KARACHI, May 16: There is a continuous fall in the quantum of leather exports to the European Union (EU) countries because of levy of import duties which make Pakistani products costlier...
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ATT policy Govt to protect local industry
ISLAMABAD, May 16: The government was working to formulate the Afghan Transit Trade (ATT) policy in such a way that interests of local manufacturers were not hurt....
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NWFP optimistic about WB credit
PESHAWAR, May 16: The likely availability of World Bank credit facility to NWFP would help the provincial government to gradually increase its development expenditure during the next three financial years, claimed...
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Cheerless trading on cotton market
KARACHI, May 16: Cotton market on Thursday passed through a relatively cheerless trading session as buyers and sellers adhered to the sidelines awaiting the release of processing figures by the Pakistan...
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APTPMA team meets Usman
KARACHI, May 16: Federal Minister for Petroleum and Natural Resources Usman Aminuddin has said that All Pakistan Textile Processing Mills Association (APTPMA) will be allowed to issue NOCs for gas connection...
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IFC, NLCL sign MoU
ISLAMABAD, May 16: The International Finance Corporation (IFC) here on Thursday signed a Memorandum of Understanding (MoU) with Network Leasing Corporation Limited (NLCL) to pursue a guarantee of $2 million equivalent...
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Karachi Port operations
KARACHI, May 16: Berthing activity at the Karachi port on Thursday was maintained on the higher side as the agencies tried to clear the inward rush of foreign flag vessels....
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Palm oil prices higher
KUALA LUMPUR, May 16: Malaysian palm oil futures extended gains at the close on Thursday due to technical covering and talk of improving demand and falling stocks in the coming months....
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US remains committed to free trade
PARIS, May 16: The United States remains committed to free trade and resolutely opposes protectionism, White House chief economist Glenn Hubbard asserted here Thursday in the face of sharp European criticism...
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APSA wants corporate tax regime
KARACHI, May 16: All Pakistan Shipping Association (APSA) wants the government to bring shipping agents under corporate tax regime because they are not in a position to make payment of high...
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