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| July 19, 2002 | Friday | Jamadi-ul-Awwal 8, 1423 |
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PC board accepts MCB’s fresh bid: UBL stake
ISLAMABAD, July 18: The Privatization Commission Board here on Thursday accepted the increased bid of Rs12 billion by the Muslim Commercial Bank (MCB) group to seek majority shares in the United... 
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Rs23bn invested in spinning sector
ISLAMABAD, July 18: The spinning sector of textile industry has shown an impressive growth during the fiscal 2001-02....
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WTO ruling against US dumping law
OTTAWA, July 17: The World Trade Organization has issued an interim ruling against the United States over an anti-dumping law giving US firms cash from punitive duties applied on foreign companies,...
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Shell’s $31.3m investment plan for this year
KARACHI, July 18: Shell Pakistan Limited (SPL) plans to invest approximately $31.3 millions in 2002 (which also includes $29 million for white oil pipeline project) for the up-gradation and development of...
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Losers lead gainers: turnover falls to 71m shares
KARACHI, July 18: Stocks on Thursday turned in a subdued performance as follow-up support took a technical pause on stray selling in some of the pivotals but the underlying sentiment remained...
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Exporters see better prospects in euro
KARACHI, July 18: The phenomenal rise of the euro — the single currency of 12 European nations — have raised a big question for exporters in Pakistan: Can the euro sustain...
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1.3m bales gap in output, demand feared
KARACHI, July 18: The Federal Textile Board on Thursday feared a wide gap of around 1.3 million bales between production and consumption of raw cotton during next cotton season 2002-2003....
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Remittances shoot up to $2.39bn in 2001-02
KARACHI, July 18: Gross home remittances rose to about $2.389 billion in fiscal 2001/02 up 120 per cent from $1.086 billion in 2000/01....
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Oil prices fall
LONDON, July 18: The price of oil edged slightly lower on Thursday as the market succumbed to profit-taking following recent strong gains....
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Riyadh trying to move ahead with gas initiative
RIYADH, July 18: With the oil majors and the Saudi side failing to reach a conclusion on the nitty gritty of the $25 billion Saudi gas initiative, during the current round...
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Ginners raise prices on slow phutti arrivals
KARACHI, July 18: Cotton market on Thursday shrugged off the last few sessions’ easiness as ginners raised their asking prices followed by reports of decline in arrivals of phutti into the...
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IFAC for improving accountability of accountants
KARACHI, July 18: “Rebuilding Public Confidence” was the theme of the International Federation of Accountants (IFAC) Board meeting held in Madrid on July 8-10....
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Trade pact signed
ISLAMABAD, July 18: Pakistan and Argentina have signed an agreement on economic and trade cooperation....
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UBL, ABL announce profit rates
KARACHI, July 18: State-run United Bank has announced 3.25 per cent return on saving accounts for the half year ended on June 30, 2002....
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Karachi Port operations
KARACHI, July 18: Berthing activity on the Karachi port is expected to shrink significantly on Friday as only one tanker carrying lube oil is due to arrive, according to KPT sources....
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Dollar maintains firmer tone
LONDON, July 18: The dollar maintained a firmer trend for the second day in a row on Thursday, buoyed by another steady performance on Wall Street, where a raft of respectable...
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WTO begins Geneva meeting
GENEVA, July 18: World Trade Organization (WTO) negotiators began a two-day meeting here Thursday to spur momentum in the drive to lower global trade barriers that was launched by WTO ministers...
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Malaysian palm oil lower
KUALA LUMPUR, July 18: Malaysia’s palm oil futures were cautiously waiting for July 1-20 exports data and fresh crop estimates for this month after players ceased to rely on a weather-driven...
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Import of second-hand boilers sought
KARACHI, July 18: Pakistan Bedwear Exporters’ Association (PBEA) chairman Shabir Ahmed has urged Commerce Minister Abdul Razak Dawood to allow import of second-hand boilers in the forthcoming trade policy....
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APTPMA flays demolition of hydrants
KARACHI, July 18: The All Pakistan Textile Processing Mills Association (APTPMA) has taken strong exception of bulldozing and demolition of water hydrants around the periphery of SITE by the city government....
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