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| July 11, 2002 | Thursday | Rabi-us-Sani 29, 1423 |
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WB board okays $236.5m under CAS
ISLAMABAD, July 10: The Board of Directors of the World Bank has approved four projects totalling $236.5 million to support Pakistan’s 30-month old reform programme, which is in line with the... 
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Oil importers gain $216m from fall in prices
ISLAMABAD, July 10: Although rates of petroleum products were raised nearly a dozen times for the people of Pakistan, the importers gained over $216 million from the decline in import prices...
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SBP sucks in record Rs66bn: Hopes of rate-cut dashed
KARACHI, July 10: The State Bank has sent a very strong signal to the market that it wants to keep the monetary policy stable — and as such no cut in...
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Nine parties in run for ICP funds bid
ISLAMABAD, July 10: The Privatization Commission on Wednesday recommended nine parties for pre-qualification for the sale and transfer of the Management Rights of Lot ‘A’ of ICP Mutual Funds from Investment...
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Leading investors keep to sidelines: turnover falls to 30m
KARACHI, July 10: Cheerless conditions prevailed on the stock market on Wednesday as leading players, including the institutional traders, were conspicuous by their absence for no apparent bearish reason. The index...
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Deprivation high in Balochistan, Sindh
KARACHI, July 10: Punjab and NWFP in north are found to be better placed in economic and social terms as compared to Sindh and Balochistan where social scientists have detected high...
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Govt issues warning OPI fails to meet drilling target
ISLAMABAD, July 10: The government has warned a US-based petroleum company that it would be liable to heavy liquidity damages unless it completed the drilling of 19 exploration wells in Sindh...
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LSE board to consider SECP directive today
LAHORE, July 10: The Board of Directors of Lahore Stock Exchange (LSE) will meet here on Thursday to consider the Securities & Exchange Commission of Pakistan’s (SECP) directive to reverse its...
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Euro eases
LONDON, July 10: The euro shied away from parity with the dollar on Wednesday as the greenback found support from a relatively stable US stock market. The single currency was trading...
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Rupee gains eight paisa
KARACHI, July 10: The rupee gained eight paisa in the inter-bank market on Wednesday as the dollar buying spree for corporate debt payments was over....
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NWFP compelled to borrow from GP fund account: Liabilities stand at Rs7 billion
PESHAWAR, July 10: NWFP’s total liabilities on account of gratuity fund stood at well over Rs7bn at the close of the outgoing financial year, recording a sharp increase during the last...
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Cotton market maintains firm trend
KARACHI, July 10: Cotton market on Wednesday maintained firm trend but physical business was slow as spinners remained busy with the bid work against the local sales tender floated by the...
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Siemens delivers technology to PTCL
KARACHI, July 10: Siemens Information Communication Networks has been awarded two ordered from Telephone Industries of Pakistan (TIP), worth around 12 million euros, for turnkey delivery of its EWSD switching technology...
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Action against PSEB MD demanded
KARACHI, July 10: Software exporters have demanded ouster of managing director, Pakistan Software Export Board (PSEB), Suhail Shahid. The demand came in the wake of an special audit report by Auditor...
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Egyptian cos to invest $1bn in Pakistan
KARACHI, July 10: Egyptian companies have so far invested $300 million in Pakistan, whereas many companies are considering investing about $1 billion more in various sectors, Ambassador of Egypt Dr Mahmoud...
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Palm oil down
KUALA LUMPUR, July 10: Poor July 1-10 exports data dragged down Malaysian crude palm oil futures on Wednesday after weather-spurred gains in the Chicago soy futures failed to provide lasting support,...
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Kuwaiti stocks higher
KUWAIT CITY, July 10: The Kuwait Stock Exchange (KSE) closed the week on Wednesday at its highest level in more than four years amid heavy trading on the back of strong...
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Karachi Port operations
KARACHI, July 10: Two ships carrying crude oil and containers are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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3 CA firms penalized
ISLAMABAD, July 10: The Securities & Exchange Commission of Pakistan has penalized three practising chartered accountants on the charge of negligence in performing their duties as auditors of the listed companies....
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Metropolitan Bank ratings
LAHORE, July 10: Pakistan Credit Rating Agency (Pacra) has maintained the long-term rating of “AA+” (double A plus) and short-term rating of “A1+” (A one plus) for Metropolitan Bank Limited....
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