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| July 20, 2002 | Saturday | Jamadi-ul-Awwal 9, 1423 |
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OGDC to be privatized in ‘one go’
ISLAMABAD, July 19: The government has decided to privatize Oil and Gas Development Corporation Limited (OGDC) in “one go” rather than splitting it as was earlier proposed.... 
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Tax experts find fault with Universal SAS
KARACHI, July 19: Tax consultants and experts fear that the government may lose billions of rupees in revenue under its new Universal Self-Assessment Scheme (USAS) made available to around 292 large...
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SBP sells Rs5bn bonds; injects Rs24bn
KARACHI, July 19: The State Bank on Friday sold about Rs5.077 billion worth of long-term Pakistan Investment Bonds on premium and mopped up Rs5.275 billion from the inter-bank money market....
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Brokers barred from directorship of listed cos
ISLAMABAD, July 19: Securities and Exchange Commission of Pakistan (SEC) on Friday issued a directive imposing a number of restrictions on the brokerage houses in respect of listed companies and trading...
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Stocks manage to finish with 11.95 points gain
KARACHI, July 19: Stocks on Friday staged a snap rally as investors were back in the market and made fresh covering purchases at the lower levels ahead of board meetings of...
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Fertilizer production
LAHORE, July 19: Pakistan government is in contact with Morocco and Ukraine for the initiation of joint ventures in the field of fertilizer production....
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WTO moot ends
GENEVA, July 19: World Trade Organization (WTO) negotiators ended a key meeting here on Friday to take stock of progress on new global trade talks and will next meet in October,...
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Japan shows interest in trans-Afghan pipeline
ASHKHABAD, July 19: Japan could invest in a project to construct a gas pipeline from Turkmenistan across Afghanistan to Pakistan, the Turkmen Foreign Ministry said on Friday....
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Govt aims at developing indigenous tea: Junejo
ISLAMABAD, July 19: Minister for Food, Agriculture and Livestock (MINFAL), Khair Mohammad Junejo said on Friday that the government was committed to developing the indigenous tea in the country to save...
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Country to have six EPZs by year-end
KARACHI, July 19: The country will have six Export Processing Zones by the end of this year....
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Saudis keep cool after Russian oil challenge
CAIRO, July 19: Saudi Arabia played it cool and refused to be drawn into a price war to preserve its status as kingpin of the oil market, after Russia broke its...
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Local sales by TCP hit physical trading
KARACHI, July 19: Aggressive local sales by the Trading Corporation of Pakistan continued to affect physical trading on cotton market on Friday as spinners remained busy completing the procedural formalities before...
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Japan slaps tariffs on Korea, Taiwan polyester
TOKYO, July 19: Japan will impose tariffs on imports of polyester staple fibres from South Korea and Taiwan because they breached anti-dumping rules, the Ministry of Economy, Trade and Industry (METI)...
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Pakistan-Kuwait co to finance various projects
KARACHI, July 19: The 79th meeting of the board of directors of Pakistan Kuwait Investment Company Limited (Pak-Kuwait) was held recently under the chairmanship of Abdulazim M.A. Al-Shamali, a company press...
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WorldCom to file for bankruptcy
WASHINGTON, July 19: Embattled telecom giant WorldCom plans to file for bankruptcy protection as soon as this weekend in what would become the largest corporate collapse in US history, The Wall...
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Export thru FDP
FAISALABAD, July 19: Exports through Faisalabad Dry Port has recorded unprecedented increase during the last financial year....
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Dollar drops against leading currencies
LONDON, July 19: The dollar sagged against other leading currencies on Friday, hit by another round of bloodletting on Wall Street, concerns over accounting standards and some less-than-robust earnings reports....
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European stock markets sink
LONDON, July 19: European share prices sank back towards recent low points on Friday, with investors rattled by events on Wall Street where shares fell sharply after a raft of earnings...
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Tea prices fall
KOLKATA, July 19: Prices of leaf grade CTC and orthodox teas fell more than four per cent at the weekly Kolkata auction on Friday, extending last week’s fall, traders said....
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Pakistan may import 300,000 tons palm oil
KUALA LUMPUR, July 19: Malaysia’s palm oil futures ended higher across the board on Friday, led by weekend short covering and optimistic crop estimates for July, traders said....
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