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| July 3, 2002 | Wednesday | Rabi-us-Sani 21,1423 |
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Baghdad accepts 31,000 tons wheat
KARACHI, July 2: Iraq has accepted the second shipload of 31,000 tons of wheat, replacing the earlier one, and presently the cargo is being unloaded at the Iraqi port, official sources... 
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Tax target achievable, says Shaukat
ISLAMABAD, July 2: Minister for Finance Shaukat Aziz on Tuesday said that Rs460 billion revenue collection target, set for 2002-2003, is now achievable after collection of Rs401 billion revenues during the...
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Two leading audit firms in merger talks
KARACHI, July 2: Two of the top six firms of chartered accountants have held merger talks, which if the deal goes through would be the first such institutional merger in Pakistan....
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EoIs for Javedan Cement invited
ISLAMABAD, July 2: The Privatization Commission (PC) on Tuesday invited the prospective investors and business houses to submit their Expressions of Interest (EoIs) for acquiring a minimum of 85 per cent...
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Thailand interested in joint ventures
KARACHI, July 2: Leader of the eight-member Thai trade delegation, Ajua Tavlanda said that Thai entrepreneurs are ready to enter into joint ventures in auto parts, garments, chemicals and food processing...
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PS to start export in three months
KARACHI, July 2: Pakistan Steel (PS) will start exporting its products to various countries in the next three months after receiving some serious enquiries from various foreign buyers....
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Tax panel
TOKYO, July 2: Japan’s economic policy minister on Tuesday criticized the nation’s bureaucrat-oriented tax panel for attempting to delay Prime Minister Junichiro Koizumi’s reforms to revitalize the troubled economy....
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Banks may slash lending rates
KARACHI, July 2: The lowering of the profit on national saving schemes by up to 2.5 per cent is going to push banks to cut their lending rates in the first...
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Cotton hedge trading body report
KARACHI, July 2: The committee, constituted by the government for making recommendations and formulation of rules on cotton hedge trading, has finalized and submitted its report to the ministry of commerce....
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Sri Lanka to import Pakistani products
KARACHI, July 2: The Sri Lankan delegation on Tuesday visited the display centre of Export Promotion Bureau and expressed keen interest in the Pakistani products....
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KSE index breaks 1,800-point barrier
KARACHI, July 2: The new account rally was further extended on the stock market on Tuesday as investors continued to build up long positions in most of the pivotals under the...
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NWFP unlikely to benefit from Afghan opening
PESHAWAR, July 2: Provincial Minister for Industries, Labour and Manpower Mohsin Aziz on Tuesday said that NWFP is not likely to directly benefit from the increasing trade and business opportunities in...
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TCP tender keeps spinners away: Cotton market
KARACHI, July 2: Trading on the cotton market on Tuesday was devoid of any special feature as spinners were conspicuous by their absence owing to TCP local tender for the sale...
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HK-based venture to finance IT projects
KARACHI, July 2: The Pakistan Software Houses Association (PASHA) has signed an agreement with the Hong Kong based venture capital fund, Access Capital....
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Asia needs rise in capital spending
SINGAPORE, July 2: Asia is recovering from the global economic slowdown but it needs a surge in worldwide capital spending for the growth to be sustained, European investment bank UBS Warburg...
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US firms step up job cuts
WASHINGTON, July 2: US employers announced 11.5 per cent more job cuts in June, an industry survey showed on Tuesday, hitting the turmoil-struck telecommunications sector hardest....
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Karachi Port operations
KARACHI, July 2: Berthing activity at the Karachi port on Wednesday was maintained on the higher side as all the foreign flag vessels were berthed soon after their arrival at the...
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Major foreign banks suffer losses
TOKYO, July 2: Many foreign investment banks such as Merrill Lynch Japan Ltd. and Credit Suisse First Boston’s Japan-based arm lost money in the year to March, hit by dismal Tokyo...
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Vacation package
Karachi, July 2: Cathay Pacific Airways on Tuesday announced new exciting and exhilarating Thailand holiday packages designed especially for Pakistan. Holiday makers can travel from Karachi to Bangkok and from there...
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‘WorldCom survival in Americans interest’
WASHINGTON, July 2: WorldCom chief executive John Sidgmore said Tuesday that the survival of the embattled telecom firm is in the public’s interest and a matter of “national security.”...
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