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| June 14, 2002 | Friday | Rabi-us-Sani 2, 1423 |
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$566m saved as POL imports drop by 20pc
ISLAMABAD, June 13: Pakistan saved $566 million over last year’s oil spending as petroleum imports dropped by 20 per cent during the first ten months (July-April) of the current fiscal.... 
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Capital market stays buoyant
KARACHI, June 13: Karachi Stock Exchange was the best performing market during December 31, 2001 to May 14, 2002 among the 14 leading markets in Asia, with rate of return of...
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Business pays $300m WRS to shipping lines
KARACHI, June 13: Pakistan business has paid a total of about $300 million war risk surcharge (WRS) to the international shipping lines since it was imposed after the September 11 incidents....
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Cotton situation
KARACHI, June 13: The current situation and possible market prices of lint and seed cotton was discussed in a meeting of Pakistan Central Cotton Committee (PCCC) held under the chairmanship of...
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Districts to have 40pc share: Interim Sindh PFC award
KARACHI, June 13: The Sindh Finance Minister Abdul Hafeez Sheikh announced on Thursday the outlines of the proposed interim award of the Provincial Finance Commission (PFC) of Sindh which provisionally suggests...
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Investors not inclined to make fresh commitments
KARACHI, June 13: Stocks on Thursday showed fractional either-way changes as investors and bargain-hunters were not inclined to make fresh commitment apparently awaiting the outcome of high-level meeting between the president...
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Tax-to-GDP ratio falls to 10.9pc
ISLAMABAD, June 13: The tax-to-GDP ratio has declined from 11.3 per cent last year to 10.9 per cent during the current financial year....
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26pc HBL shares offered for sale
ISLAMABAD, June 13: The Privatization Commission (PC) has offered a minimum stake of 26 per cent of government shares in Habib Bank Limited (HBL) for sale to strategic investor to proceed...
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Banks quarterly report format revised
KARACHI, June 13: The State Bank of Pakistan (SBP) has decided to revise the existing format of the quarterly report of condition to be submitted by the banks and NBFIs (non...
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Indirect taxes main victim of 9/11
ISLAMABAD, June 13: Downward trend in revenue collection started in July-September quarter at the rate of 3.2 per cent, according to Economic Survey of Pakistan for 2001-2002....
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Overview of Economic Survey 2001-02
ISLAMABAD, June 13: Following is the text of overview of the Economic Survey 2001-02, released here on Thursday:...
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Mixed reaction to new cotton policy
KARACHI, June 13: Cotton trade gave a mixed reaction to the new cotton policy as it is claimed to be heavily tilted in favour of growers and spinners, leaving the other...
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Karachi Port operations
KARACHI, June 13: Six ships carrying coal, crude oil and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Seminar on financial system
KARACHI, June 13: The State Bank has prepared a document “Pakistan: Financial Sector Assessment (1990-2000)” that will be the theme of a day-long seminar being organized next Tuesday at the Institute...
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WB loan
DHAKA, June 13: The World Bank on Thursday signed a $4.5 million loan agreement with Bangladesh government to help it reduce corruption and increase efficiency in the public procurement of goods,...
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Palm oil prices lower
KUALA LUMPUR, June 13: Malaysian crude palm oil futures closed lower on Thursday in heavy trade as players liquidated long positions after declines in Chicago and ahead of the June 1-15...
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