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  DAWN - the Internet Edition



June 1, 2002 Saturday Rabi-ul-Awwal 19,1423

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Business


Pak Saudi Fertilizers sold for Rs8 billion
ISLAMABAD, May 31: The sale of Pak Saudi Fertilizers Limited (PSFL) to Fauji Fertilizer Company Limited consortium was completed with the sale agreement signing here on Friday....
Complete Story
String of TFCs issued in first five months
KARACHI, May 31: There have been a string of successful Term Finance Certificate (TFC) issues in the first five months of the current year, which analysts attribute to drop to single...
Complete Story
NWFP set to miss annual revenue target
PESHAWAR, May 31: The NWFP Board of Revenue (BoR) has collected Rs410 million against Rs732 million target set for July-April, recording massive shortfall, according to the latest available official data....
Complete Story
July-May collection declines by 5.62pc
ISLAMABAD, May 31: The revenue receipts fell short by 21.5 per cent to Rs31.4 billion during May this year against the target of Rs40 billion set for the same month....
Complete Story


Pakistan, Kuwait pact ratified: Taxation
ISLAMABAD, May 31 : The government has notified the ratification of the agreement for avoidance of double taxation between Pakistan and Kuwait....
Complete Story
SBP chief says ST system wrong
KARACHI, May 31: Governor State Bank Dr Ishrat Hussain has said on Friday that the existing sales tax system was totally wrong because it includes zero-rated exports within its ambit....
Complete Story
Japan to evaluate four industrial projects soon: $15 million grant
ISLAMABAD, May 31: The government of Japan will soon start examining and evaluation of four industrial projects to be undertaken with $15 million grant....
Complete Story
Pak-Libya approves Rs395m financing
KARACHI, May 31: The Board of directors of Pak-Libya Holding Company (Pvt) Limited approved financing of Rs395 million to seven projects, at a meeting on Thursday....
Complete Story


Accord with US this month: $3bn debt reprofiling
ISLAMABAD, May 31: Pakistan and the United States will ink $3 billion debt reprofiling accord in June under Paris Club arrangement....
Complete Story
Rally falters half way on weekend selling
KARACHI, May 31: Stocks on Friday ended on a lower note after an early rally, initiated by reports of US defence secretary’s visit on a peace mission, faltered half way under...
Complete Story
War risk hits India foreign funds
MUMBAI, May 31: Foreign funds made their biggest single-day equity sales in India of 2002 this week as military tensions in the sub-continent seemed to bite, but most money managers say...
Complete Story
Corporate governance meeting from 10th
PARIS, May 31: The role of good corporate governance in attracting investment to Asia is to be the subject of the Fourth Asian Roundtable on Corporate Governance to be held in...
Complete Story


Trading slows down on cotton market
KARACHI, May 31: Physical activity on the cotton market on Friday slowed down as spinners kept to the sidelines most of the time ahead of the release of final crop figures...
Complete Story
Afghans to buy sugar at $270 per ton
LAHORE, May 31: The Afghan sugar traders have agreed to buy the Pakistani refined sugar at $270 per ton....
Complete Story
EU may delay retaliatory sanctions: US steel tariffs
BRUSSELS, May 31: The European Union said on Friday it may be willing to grant a short delay before applying retaliatory sanctions against US steel tariffs, to allow extra time to...
Complete Story
Karachi Port operations
KARACHI, May 31: Cargo handling at the Karachi port on Friday was maintained at a brisk pace where a record tonnage of 0.121m tons was handled....
Complete Story


Trade team gets export contracts
KARACHI, May 31: A number of export contracts have been negotiated and booked during a visit to Australia and New Zealand of a 10-member trade delegation led by EPB vice-chairman Ejaz...
Complete Story
Indian gold imports plunge
MUMBAI, May 31: India, the world’s largest gold consumer, has drastically cut imports as world prices soar due to an escalation in tensions between India and Pakistan and a weaker dollar,...
Complete Story
Surety bond condition waived: Excisable goods
ISLAMABAD, May 31: The Central Board of Revenue has done away with the condition of furnishing a separate bond for the clearance of excisable goods....
Complete Story
KESC: date for SoQs extended
ISLAMABAD, May 31: At the request of potential investors, the deadline for submission of Statements of Qualification (SoQs) for KESC privatization has been extended from May 31 to June 24, 2002....
Complete Story


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