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....
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...
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....
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....
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....
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....
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....
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...
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...
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...
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...
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...
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....
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...
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,...
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....
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....