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| July 25, 2002 | Thursday | Jamadi-ul-Awwal 14,1423 |
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BoI sees $600m FDI in 02-03
ISLAMABAD, July 24: The Board of Investment (BoI) is projecting $600 million Foreign Direct Investment (FDI) for 2002-2003.... 
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Pakistan-based software firm to go public in US
LOS ANGELES, July 24: Despite weakening stocks amid frustrated investors, another joint Pakistan-US based software firm announced on Tuesday it is filing for Initial Public Offering (IPO) in the US market....
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Five vessels begin deep sea fishing
 KARACHI, July 24: Five medium-sized vessels, each having a capacity between 100 and 250 GRT (gross registered tonnage), have started calling at Korangi Fish Harbour (KFH) for deep sea fishing in...
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5 out of 12 insurance cos ready to be assessed
KARACHI, July 24: Five out of 12 insurance companies have entered into agreement with either of the two rating companies — Pacra and JCVR — in Pakistan for getting their claims...
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SBP leaves T-bills rate unchanged
KARACHI, July 24: The State Bank on Wednesday left the six- month treasury bills rate unchanged, reinforcing earlier signals that a further easing in monetary policy is out of question —...
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CBR reforms plan in final stages
ISLAMABAD, July 24: The government is likely to give final touches to the steps for the restructuring of the tax administration here on Thursday....
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Pakistan, S. Lanka free trade by 2005
ISLAMABAD, July 24: Pakistan and Sri Lanka finalized on Wednesday a three-year plan to phase out existing duties that would finally culminate into a completely free bilateral trade regime by 2005....
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$ down in inter-bank; up in kerb market
KARACHI, July 24: The US dollar lost eight paisa in the inter-bank market on Wednesday to close at Rs59.50/Rs59.52 for ready buying and selling against the previous close of Rs59.58/Rs59.60....
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World markets fall sends a wave of pessimism on KSE
KARACHI, July 24: Stocks on Wednesday lacked normal trading interest as leading investors again adhered to the sidelines awaiting fresh developments on the global markets and their likely impact on the...
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Industrialists shifting units from AJK: Ending of tax holiday
MUZAFFARABAD, July 24: Azad Jammu and Kashmir Chamber of Commerce and Industry (AJKCCI) has urged the AJK government to take immediate action against those Pakistani industrialists who had or were planning...
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Spinners lift all lots offered by ginners
KARACHI, July 24: Cotton market on Wednesday showed firm trend as spinners lifted all the lots offered for sale by the ginners after having actively participated in the TCP tender....
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Tax collection stands at Rs403.369bn: 2001-02
ISLAMABAD, July 24: The revenue receipts fell short by 2.63 per cent to Rs403.369 billion against the target of Rs414.3 billion set for the financial year 2001-02....
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Trade policy ignores ground realities: APCEA
FAISALABAD, July 24: The exporters have expressed their inability to achieve newly set target of 10.34 billion dollars as the new trade policy lacks dynamic and forward looking approach and ignores...
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Balanced Fund posts Rs56.1m profits
KARACHI, July 24: ABAMCO Limited, the investment adviser of BSJS Balanced Fund Limited (BBF) announced audited accounts of BBF for the year ended June 30, 2002 on Wednesday, within four weeks...
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Compensatory rebate demanded
GUJRAT, July 24: The exporters should be given compensatory rebate to off-set their losses, which they are incurring due to 8 to 9 per cent devaluation of the dollar....
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Two banks announce profit rates
KARACHI, July 24: The International Finance Investment and Commerce Bank (IFIC) of Bangladesh operating here has announced 8.5pc return on saving accounts for the half year ended on June 30, 2002....
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Indian stocks fall
MUMBAI, July 24: Share prices fell 2.2 per cent on the Bombay Stock Exchange on Wednesday on sustained global weakness and on fears of a drought as key agricultural states awaited...
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European stocks plunge to 5-year lows
LONDON, July 24: Britain’s leading shares lurched to their worst level for six years on Wednesday, as banks were hit by nagging concerns over the sector’s exposure to troubled US firms....
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Malaysian palm oil mixed
KUALA LUMPUR, July 24: Malaysia’s palm oil futures ended mixed on Wednesday, unable to sustain CBOT-driven gains as players cautiously waited for July 1-25 exports data which will provide fresh ideas...
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Rice prices seen lower
BANGKOK, July 24: World rice prices have bottomed out and are expected to make a slight recovery this year, but improved production outlooks and India’s subsidised exports could conspire to keep...
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