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  DAWN - the Internet Edition



July 28, 2002 Sunday Jamadi-ul-Awwal 17,1423

FXCM


Business


Revenue at import stage rises to Rs83bn
KARACHI, July 27: Collection of revenue at import stage in the last fiscal ending June 30, 2002, rose by 2.5 per cent to Rs83 billion as against Rs81 billion collected a...
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Platinum Bank challenges Nostro account freezing
KARACHI, July 27: The management of Platinum Commercial Bank Limited has approached the State Bank of Pakistan to obtain a key certificate to use it to get its Nostro account reactivated...
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Refund claims to be cleared in 48 hours: Shaukat
KARACHI, July 27: Minister for Finance Shaukat Aziz has assured to clear outstanding sales tax refund claims within 48 hours after receipt and also resolve the duty drawback rates issue within...
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DTT in affiliation pact with Yousuf Adil: Accountancy
KARACHI, July 27: Deloitte Touche Tohmatsu (DTT) — one of world’s remaining ‘big four’ accountancy firms — has entered into an affiliation agreement with M. Yousuf Adil Saleem & Co. —...
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Steps being taken to check smuggling
KARACHI, July 27: Federal Finance Minister, Shaukat Aziz, on Saturday said the increasing foreign reserves of the country have direct positive bearing on the common man....
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Committee to chalk out plan for sugar export
KARACHI, July 27: Finance Minister Shaukat Aziz has agreed to set up a high-powered committee to chalk out a viable plan for export of surplus sugar....
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SPI rises by 0.31pc
ISLAMABAD, July 27: Sensitive Price Indicator rose by 0.31 per cent during the week ending July 25 as compared to previous week, according to the price data released by the Federal...
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Cotton Act discussed
KARACHI, July 27: A high level meeting on Saturday discussed production of clean cotton and enforcement of Cotton Control Act in the country....
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TCP accepts local mills bids for 36,500 bales
KARACHI, July 27: The price evaluation committee of Trading Corporation of Pakistan (TCP) on Saturday accepted the bids of local mills for 30,500 bales and foreign bids for 6,000 bales against...
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US House passes trade bill
WASHINGTON, July 27: The US House of Representatives voted early on Saturday to give President George W. Bush the power to negotiate broad new trade agreements, moving one step closer to...
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US defends WTO farm proposal
NARA, Japan, July 27: United States Agriculture Secretary Ann Veneman defended a US proposal to slash global farm subsidies as two days of talks between global farm powers ended here on...
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Dollar surges ahead of euro
NEW YORK, July 27: The dollar jumped ahead of the euro on Friday as a surprise upward revision to the University of Michigan index of consumer sentiment brightened the outlook for...
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New York cotton futures lower
NEW YORK, July 27: NY cotton futures closed slightly easier Friday on exceedingly thin local pressure as the market quickly ignored data on annual US cotton consumption, with more sideways action...
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Sharp, Sanyo expect higher profits
TOKYO, July 27: Japanese consumer electronics giants Sharp Corp. and Sanyo Electric Co. are expected to see increases in group operating profit for April-June, thanks to strong sales of electronic parts...
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Singapore industrial output up by 18pc
SINGAPORE, July 27: Singapore’s all-important manufacturing sector shot up 18.9 per cent in June despite a weak performance in electronics, Economic Development Board (EDB) figures showed Saturday....
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WTO gives mixed ruling on US-Canada trade
WASHINGTON, July 27: A World Trade Organization panel has delivered a mixed ruling on a complicated dispute between the United States and Canada over softwood lumber trade, US and Canadian government...
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China plans rules on purchases of listed firms
SHANGHAI, July 27: China proposed new rules on Saturday aimed at regulating acquisition of controlling stakes of domestically listed companies as part of its wider reforms of its nascent stock markets....
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Brazil real hits new record low
SAO PAULO, July 27: Brazil’s real hit its new all-time low close on Friday after a fresh election poll showed the market’s favourite candidate for president losing ground and no news...
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Spinners, mills eye fine cotton lots
KARACHI,July 27: The weekend session on the cotton market finished on a cheerless note as spinners and mills stayed away eyeing fine lots currently under sale by the Trading Corporation of...
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Revenue from tourists stood at $92.2m in 2001
ISLAMABAD, July 27: Pakistan’s revenue receipts from the international tourists arrivals during the year 2001 stood at $92.2 million against $6.4 million in 2000, showing an increase of $85.8 million....
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