|
| June 6, 2002 | Thursday | Rabi-ul-Awwal 24,1423 |
|
Opening of LCs slows down: GST, import duty on farm items
KARACHI, June 5: The process of opening letters of credit (LCs) for agriculture products has slowed down since the commodity markets are in state of panic over the government’s possible move... 
|
|
Time limit for disposal of cases likely
ISLAMABAD, June 5: The government is likely to fix time limit of six months for disposal of cases at the first appellate stage from the next financial year....
|
|
||
|
PC finalizing contract with Merrill Lynch: FA for PPL sell-off
ISLAMABAD, June 5: The Privatization Commission is finalizing an advisory services contract to be signed with Merrill Lynch for the sale of 51 per cent shares in Pakistan Petroleum Ltd (PPL)...
|
|
Govt may seek raise in cigarette prices
ISLAMABAD, June 5: The government is likely to seek increase in cigarettes prices to enhance revenue collection from this source, reliable sources told Dawn....
|
|
|
||
|
First SPV registered
KARACHI, June 5: The first Special Purpose Vehicle (SPV) was registered by the Securities and Exchange Commission of Pakistan (SECP) on Wednesday, which is seen to pave way for securitization transactions...
|
|
Indian stocks up by 2pc
MUMBAI, June 5: India’s key equity market ended up two per cent on Wednesday, rising for the third straight day as investors snapped up bargains on hopes that global diplomatic efforts...
|
|
|
||
|
Credit rating moot
MANILA, June 5: The Asian Development Bank will on Thursday host an international conference at its Philippines headquarters to raise credit rating standards in the region, a bank statement said....
|
|
Economy sound, notes ECC
ISLAMABAD, June 5: Finance Minister Shaukat Aziz said on Wednesday that a solid foundation of Pakistan’s economy had been laid and now it was in position to meet any eventuality....
|
|
|
||
|
Commodities trading needs no SECP approval
ISLAMABAD, June 5: Trading in commodities, whether spot or forward, does not require the approval of the Securities and Exchange Commission of Pakistan as these are not securities, it was officially...
|
|
PTCL, PSO sell-off by Sept
ISLAMABAD, June 5: The Privatization Commission Board here on Wednesday decided to complete some of the major transactions including that of Pakistan Telecommunication Company Limited (PTCL) and Pakistan State Oil (PSO)...
|
|
|
||
|
Exports stand at $8.710bn in 11 months
KARACHI, June 5: Pakistan’s exports during July-May period of the current financial year stood at $8,710 million. The figure is 0.97 per cent less than the exports recorded in the corresponding...
|
|
Index recovers 48.62 points as war fear recedes
KARACHI, June 5: The KSE 100-share index on Wednesday breached the psychological barrier of 1,700 points on heavy buying triggered by reports that India has offered joint patrol along the LoC...
|
|
|
||
|
NWFP may set PORs target at Rs3.6bn
PESHAWAR, June 5: The NWFP government is likely to set Provincial Own Receipts’ (PORs) target for the next financial year at over Rs3.6 billion, making nominal changes in its revenue generation...
|
|
SECP fines CA firm
ISLAMABAD, June 5: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday penalized a chartered accountants firm and issued warnings to two others for alleged irregularities under Section 254 of...
|
|
|
||
|
Ginners raise prices on lower unsold stocks
KARACHI, June 5: Lower than market expectations final cotton crop figures sent a wave of optimism among the ginners who immediately raised their asking prices but spinners were worried about future...
|
|
‘Global economy recovering’
WASHINGTON, June 5: The head of the IIMF said on Tuesday that the global economic recovery was firmly under way, but that stock markets will remain volatile in the coming weeks...
|
|
|
||
|
Trade team secures export orders
KARACHI, June 5: Pakistani trade delegation has secured export orders worth $1 million from Vietnam and Philippines, while negotiations for $5 million exports are under process....
|
|
Karachi Port operations
KARACHI, June 5: Five ships carrying containers and chemicals are expected to arrive at the outer anchorage on Thursday, according to information available from the Karachi Port Trust....
|
|
|
||
|
Silk soap
KARACHI, June 5: An industrial corporation in collaboration with Silk Route Beauty Soap, Dubai on Tuesday launched Silk beauty soap....
|
|
Indian rupee higher
MUMBAI, June 5: The rupee finished on Wednesday at a four-session closing high, helped by steady dollar inflows from a long-term project creditor and a telecom company, dealers said....
|
