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| August 3, 2002 | Saturday | Jamadi-ul-Awwal 23,1423 |
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Talks with firms to begin soon: Gwadar port phase-2
ISLAMABAD, Aug 2: The government will soon be holding negotiations with local and foreign companies to develop the phase-2 of Gwadar deep-sea port at a cost of $524 million.... 
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Second-hand trucks import on the rise
 KARACHI, Aug 2: Local truck assemblers are now facing tough time to compete in the market since the import of cheap second-hand trucks has gained momentum. These trucks are imported under...
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Package for sugar industry proposed
ISLAMABAD, Aug 2: The Ministry of Commerce has proposed a package of incentives to help the sugar industry to cope with the fluctuating international market prices....
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Pakistan, Iraq JMC likely this month
KARACHI, Aug 2: Minister for Commerce Abdul Razak Dawood will lead a delegation to Baghdad to attend Pakistan-Iraq Joint Ministerial Commission meeting expected to be held in the second week of...
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$ down 0.8pc in July
KARACHI, Aug 2: The US dollar lost 50 paisa or 0.8 per cent of its value against the rupee in the inter-bank market last month....
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China may import mango
KARACHI, Aug 2: A two-member technical delegation from Chinese department of general administration, quality supervision and quarantine arrived here on Friday to explore possibilities of importing mango from Pakistan....
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21 cement cos post Rs6.7m profit
KARACHI, Aug 2: The 21 listed cement companies have posted an aggregate profit of Rs6.7 million for the third quarter of financial year 2002 (FY02), reflecting sharp recovery from losses of...
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Rs7.8bn refunded in July
ISLAMABAD, Aug 2: The Central Board of Revenue (CBR) has paid Rs7.811 billion refund/rebate to exporters during the first month of the financial year 2002-03 against Rs6.80 billion the same month...
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Trading remains dull on KSE: turnover falls to 17m shares
KARACHI, Aug 2: Trading volume fell to a record low of 17m shares on Friday as leading bulls as well as bears stayed away leaving the market at the mercy of...
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Bush gets powers to negotiate trade deals
WASHINGTON, Aug 2: Congress granted US President George W. Bush broader negotiating authority on Thursday, clearing the way for him to complete the task his father set in motion: creating a...
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Firm trend on cotton market
KARACHI, Aug 2: Cotton market on Friday showed firm trend as ginners were not inclined to lower their asking prices because of pressure on ready supplies....
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Pak-Kuwait CCG plan discussed
KARACHI, Aug 2: Implementation programme of Code of Corporate Governance was highlighted by Managing Director of Pak-Kuwait Investment Company (Pvt) Limited, Zaigham Mahmood Rizvi, before Khalid A. Mirza, Chairman, SECP, who...
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China to raise import quota for crude oil
BEIJING, Aug 2: China will increase its import quotas for crude oil and oil products for next year by 15 per cent, in line with its agreement with the World Trade...
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Dollar on defensive as US jobs report looms
LONDON, Aug 2: The dollar fell across the board on Friday as dealers braced for a disappointing US jobs report after a slew of sluggish economic data in recent days cast...
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Malaysian palm oil lower
KUALA LUMPUR, Aug 2: Malaysia’s crude palm oil market was lower in listless trade on Friday after Chicago soy futures fell back in Asian screen trade, and ahead of next week’s...
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European share prices mixed
LONDON, Aug 2: European stocks remained mixed on Friday after US employment data did little to either dispel or confirm fears that the world’s biggest economy might be heading back towards...
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NY cotton futures firmer
NEW YORK, Aug 2: NY cotton futures ended with slight gains Thursday on light speculative buying as fiber contracts dawdled in narrow range-business, with more sideways action seen due to a...
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Exporters suffer as ship fails to load cargo
KARACHI, Aug 2: A container carrier, ‘CS Champion’, shut out around 250 to 300 containers on Wednesday, at Port Qasim in a bid to catch up with a berthing schedule at...
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IBM to buy PwC Consulting
ARMONK, N.Y., Aug 2: International Business Machines Corp. made its largest acquisition ever, saying it would buy PriceWaterhouseCoopers Consulting for $3.5 billion in cash and stock....
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CresBank ratings improved
LAHORE, Aug 2: The Pakistan Credit Rating Agency (Pacra) has upgraded long- and short-term ratings of the CresBank — Crescent Investment Bank Ltd — to triple B minus (BBB-) and A3...
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