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| July 13, 2002 | Saturday | Jamadi-ul-Awwal 2, 1423 |
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Govt may deregulate diesel by next month
KARACHI, July 12: The government is expected to fully deregulate diesel imports and its prices in the next two to three weeks and as a result of this, the Oil Companies... 
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CPI up by 4.90pc in 2001-02
ISLAMABAD, July 12: Inflation represented by Consumer Price Index (CPI) spiralled by another 4.90 per cent during the financial year 2001-02 as compared to previous year....
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Govt to complete tax reforms by October 31
ISLAMABAD, July 12: The government will have to implement the remaining three major milestones under the tax reforms programme agreed with the International Monetary Fund (IMF) latest by October 31, 2002...
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SBP allows dollar to fall below Rs60
KARACHI, July 12: The US dollar finally settled below Rs60 in the inter-bank market on Friday as the State Bank made no attempt to stop its fall. In the last fiscal...
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Sugar output stands at 3.248m tons
KARACHI, July 12: The sugar production is estimated at more than 3.248 million tons till June 30, 2002, says a report here on Friday....
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KSE 100-share index remains unchanged
KARACHI, July 12: Stocks on Friday lacked normal trading interest as investors were not inclined to make further commitments ahead of the president’s speech late in the evening and allied fears...
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EU keeps curbs option open: US steel tariff
BRUSSELS, July 12: The European Commission, threatening the United States with sanctions in a trade dispute, said on Friday that Washington must allow more EU steel into its market without heavy...
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PHEB to be autonomous body
ISLAMABAD, July 12: The government has constituted Pakistan Horticulture Export Board (PHEB) with a view to promoting horticulture exports....
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Pakistani banks branches in Kabul sought
PESHAWAR, July 12: The North West Frontier Province’s trade and business circles want Islamabad to set up bank branches in Afghanistan to help promote trade and business between the two neighbouring...
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Eurozone growth may be weaker
WASHINGTON, July 12: The IMF said on Friday euro zone economic growth may be weaker than had been expected in 2002 as it takes a hit from sliding stock markets....
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Trans-Afghan gas pipeline still faces hurdles
ASHKABAD, July 12: Turkmen, Afghan and Pakistani ministers met this week to revive a moribund pipeline proposal for transporting gas across Afghanistan that is gaining a new lease of life following...
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Steady conditions on cotton market
KARACHI, July 12: Quietly steady conditions were witnessed on the cotton market on Friday as ginners were not inclined to lower their asking prices amid predictions of an expected pressure on...
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US consumer confidence slumps
WASHINGTON, July 12: The first signs of the economic damage wrought by a plunging stock market appeared on Friday in a survey showing consumer confidence slumping unexpectedly in July, experts said....
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Rice exporters lodge protest with REAP
KARACHI, July 12: The small and medium rice exporters have lodged a protest with chairman Rice Exporters Association of Pakistan (REAP) Abdul Rahim Janoo for sending incomplete proposal to Commerce Minister...
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Karachi Port operations
KARACHI, July 12: Seven ships carrying containers and chemicals are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Deutsche, IDBP rates
KARACHI, July 12: Deutsche Bank has announced 4.44 per cent profit on saving accounts for the half year ended on June 30, 2002....
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Malaysian palm oil higher
KUALA LUMPUR, July 12: Malaysian palm oil futures ended up on Friday after the release of market-friendly data for June but traders said the week ahead looked cloudy with little optimism...
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China’s exports rise
BEIJING, July 12: China’s exports rose a solid 14.1pc in the first six months of the year against the same period in 2001, official figures showed, giving cheer to planners hoping...
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SBP injects Rs18.10bn
KARACHI, July 12: The inter-bank market on Friday continued to face the liquidity crisis that hit the market after the State Bank had drained out Rs66 billion from the system on...
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Export of leather garments declines
KARACHI, July 12: Export of leather garments declined by 17.25 per cent during last fiscal (2001-02) as compared to 2000-01....
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