|
| July 6, 2002 | Saturday | Rabi-us-Sani 24,1423 |
|
Three Wapda cos get generation licences
ISLAMABAD, July 5: The National Electric Power Regulatory Authority (Nepra) on Friday granted generation licences to three power generation companies of Wapda of 3,885 mw power generation capacity.... 
|
|
Insurance industry heading for first merger
KARACHI, July 5: The Orient Insurance Company Limited (OICL) has entered into an agreement to amalgamate business with another publicly traded company— Business and Industrial Insurance Company Limited (BIICL)—which is set...
|
|
||
|
Exports drop in 2001-02
ISLAMABAD, July 5: Pakistan’s merchandise exports dropped 0.85 per cent to $9.12 billion during the fiscal year 2001-02 as compared to the previous financial year, according to the aggregate foreign trade...
|
|
Bankers foresee discount rate cut
KARACHI, July 5: Bankers are anticipating another cut in the State Bank discount rate i.e. the rate at which the central bank lends money to the banks for up to three...
|
|
|
||
|
Five elements determine oil prices: OCAC
KARACHI, July 5: Five basic elements constitute the consumer prices of petroleum products in Pakistan, which are ex-refinery price, government levies (excise duty and PDL), inland freight, distributor and dealer margins...
|
|
Goods worth $6.573bn exported
KARACHI, July 5: An upward trend was observed in exports from the collectorate of customs (exports) during the financial year 2001-02. Goods worth $6,573 million were exported during the year as...
|
|
|
||
|
Import duty on textile machinery flayed
KARACHI, July 5: All Pakistan Textile Mills Association (Aptma) has resented the government decision for increasing import duty on various textile machinery not manufactured locally....
|
|
WorldCom: debt-for-equity deal
NEW YORK, July 5: WorldCom bondholders are considering a proposal to swap their debt for equity in a pre-arranged filing for bankruptcy-court protection, the Wall Street Journal said on Friday....
|
|
|
||
|
US trade moves to hurt EU reforms: WTO
LONDON, July 5: Recent moves in the United States to protect the domestic steel industry and boost subsidies to farmers could hinder efforts by the European Union to overhaul its costly...
|
|
PC terms Tessori offer non-serious
ISLAMABAD, July 5: Referring to an offer from Tessori Group for UBL privatization, appearing in a section of the press on Friday, a spokesman of Privatization Commission has termed it as...
|
|
|
||
|
Stocks finish weekend session on steady note
KARACHI, July 5: Stocks finished the weekend session on a steady note but the trading activity was devoid of any special feature despite modest advent of institutional support on selected counters....
|
|
Karachi Port operations
KARACHI, July 5: Three ships carrying containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
|
|
|
||
|
Ginners further raise prices on cotton market
KARACHI, July 5L: Cotton market on Friday maintained a bullish trend as ginners further raised their asking prices on the perception that manoeuvring options of spinners may now have no relevance...
|
|
Banks profit rates
KARACHI, July 5: Bank Al-Habib has announced 9pc profit on saving accounts and 5pc profit on 7-day notice deposits for the half year, ending June 30, 2002....
|
|
|
||
|
Computer sale
NEW DELHI, July 5: Indian computer sales fell by 11 per cent to 1.61 million units in the financial year to March due to the slow growth of the economy, industry...
|
|
Malaysian palm oil mostly higher
KUALA LUMPUR, July 5: Malaysia’s crude palm oil futures ended mostly higher on Friday, indicating players were receptive to the June crop data issued by crop forecaster PALMIS Management Sdn Bhd....
|
|
|
||
