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| May 22, 2002 | Wednesday | Rabi-ul-Awwal 8,1423 |
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200 textile mills closed in US: New opening for Pakistan
KARACHI, May 21: About 200 textile mills have either been closed down in the US or are in the process of closure, creating a big market for textile products for countries... 
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Markets unaffected by border tension
 KARACHI, May 21: Local markets of consumer items remain unaffected by increasing Pakistan-India border tension as shopkeepers report normal supplies of all essential items....
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KCA, KSE in dispute over forward trading in cotton
KARACHI, May 21: The Karachi Cotton Association (KCA) has accused the Karachi Stock Exchange (KSE) of ‘hijacking’ the futures trading in cotton which had been run by it since 1934, but...
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25 in run for PICIC board seats
KARACHI, May 21: As many as 25 candidates are to contest for 15 seats on the board of directors of Pakistan Industrial Credit & Investment Corporation Limited (PICIC). Elections for three...
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$ below Rs60 in inter-bank market
KARACHI, May 21: The US dollar on Tuesday slipped below Rs60 in the inter-bank market as the banks remained calm despite a war -like situation prevailing across Pakistan-India border....
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Investment in textile to exceed $500m
LAHORE, May 21: Textile millers expect that the volume of investment in different sectors of the industry, particularly in the value-added sector, will exceed $500 million by the year-end....
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Donors pledge Rs40bn to provinces: Budget 2002-03
ISLAMABAD, May 21: The budget for 2002-03 will witness, for the first time, Rs40 billion direct foreign funding to the provinces for which the next Public Sector Development Programme (PSDP) is...
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Medicine consignment: meeting today
KARACHI, May 21: The ministry of finance has convened a meeting on Wednesday, in Islamabad to sort out the issue of consignments of medicines lying at the port for the last...
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Stocks finish further lower by 49.09 points
KARACHI, May 21: Stocks on Tuesday finished further lower but the overnight corrective measures taken by the KSE high-ups to strengthen the market did work, limiting the losses, although some of...
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Indian stocks fall by 2.9pc
MUMBAI, May 21: Share prices closed 2.9 per cent lower on Tuesday on the Bombay Stock Exchange on panic selling by investors due to escalating fears of a possible all-out war...
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ADBP revamping under way
LAHORE, May 21: A substantial part of restructuring of the Agriculture Development Bank of Pakistan (ADBP) is expected to be completed by September in the light of the findings of the...
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Euro steady
LONDON, May 21: The euro held steady against the dollar on Tuesday as doubts about the health of the US economy kept a drag on the US unit....
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Cotton market lacks trading interest
KARACHI, May 21: Cotton market on Tuesday lacked normal trading interest as spinners were not inclined to bid at the higher asking prices because of export parity problems against yarn shipments....
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Karachi Port operations
KARACHI, May 21: Four ships carrying containers, crude oil and high speed diesel are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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SSF, BBF merger
KARACHI, May 21: The shareholders in Security Stock Fund Limited (SSF) would be entitled to nine shares in BSJS Balanced Fund Limited (BBF) for every ten shares in SSF. ABAMCO, the...
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EoIs for POL invited
ISLAMABAD, May 21: The Privatization Commission on Tuesday invited Expressions of Interest (EoIs) from potential bidders for disinvesting the government’s 26 per cent shareholding in Pakistan Oilfields Limited (POL) through a...
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Online banking
BAHAWALPUR, May 21: The United Bank is launching on-line banking in 84 cities of the country within a month....
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Industrial city along Motorway planned
FAISALABAD, May 21: Punjab Governor Khalid Maqbool has announced to set up an industrial city along Motorway-3 section between Faisalabad and Pindi Bhatian....
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