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| August 18, 2002 | Sunday | Jamadi-us-Saani 8, 1423 |
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NFC award likely by month-end
KARACHI, Aug 17: The National Finance Commission is expected to announce its award on resources distribution between the federal and the provincial governments and among the provinces on the last day... 
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Atta, onion prices move up
KARACHI, Aug 17: The burden on consumers has intensified owing to increase in wholesale price of 80kg atta bag by Rs100 followed by surge in onion prices by one rupee per...
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SBP wants banks to raise private sector lending
KARACHI, Aug 17: The State Bank is trying to devise a new and more reliable tool that can be used to push banks to increase the private sector lending at cheaper...
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Badla rates rise to 11.9pc
KARACHI, Aug 17: The weighted average ‘badla’ (Carryover trade — COT) rates rose to 11.9 per cent on Friday, up 2.5 per cent from 9.4 per cent at the end of...
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NWFP receives Rs75m less: Share in GST
PESHAWAR, Aug 17: The NWFP government has been released funds less than its projected share from the total collection of general sales tax on services, according to official sources....
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What drives SMEs into informal sector?
KARACHI, Aug 17: “The SMEs (small and medium size enterprises) constitute over 90 per cent of the businesses in Pakistan, and a majority of them operate in the undocumented informal sector,”...
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Transfer, postings in CBR
ISLAMABAD, Aug 17: The Central Board of Revenue (CBR) has transferred and posted 27 additional collectors on Saturday....
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Dollar lower against euro in New York
NEW YORK, Aug 17: The dollar slid lower against the euro on Friday, pressured by persistent concerns about the prospects for America’s economic recovery, but signs that consumer sentiment had stabilized...
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Bush to announce steps to stimulate US economy
CRAWFORD, Aug 17: US President George W. Bush on Friday said he would be announcing new measures to stimulate the flagging US economy, based on ideas emanating from his economic summit...
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Russia to sign $40bn economic pact with Iraq
WASHINGTON, Aug 17: Russia and Iraq plan to sign a new five-year economic cooperation agreement worth $40 billion, the Washington Post reported on Saturday....
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Wall Street firms
NEW YORK, Aug 17: Wall Street firms are jumping into the risky but lucrative electricity trading market, filling the void left by cash-strapped energy firms that no longer have the financial...
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Iraq ends oil surcharge: MEES
NICOSIA, Aug 17: Iraq has stopped levying on certain clients a surcharge which prompted a freefall in sales in recent weeks, the Middle East Economic Survey (MEES) says in its Monday...
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NY cotton closes mixed
NEW YORK, Aug 17: NY cotton futures settled mixed on Friday in light sideways business, with most operators opting to sit out dealings to wait for the funds’ next move in...
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Balochistan to have six EPZs
HUB, Aug 17: The Export Processing Zones Authority is planing to set up six EPZs in Hub, Gadani, Turbat, Pasni, Gwadar and Quetta to tap the resources available in the areas....
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Experts against sugarbeet cultivation in Sindh, Punjab
ISLAMABAD, Aug 17: The only province of Pakistan with climatic conditions proximate to those suitable for the profitable cultivation of sugarbeet is NWFP and any attempt to produce in Punjab or...
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Opec oil output still rising: MEES
NICOSIA, Aug 17: Higher production from Iran and Iraq led to a “noticeable increase” in Opec oil output in July, which is becoming a real problem, the Middle East Economic Survey...
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Trade team for Seoul, Jakarta
KARACHI, Aug 17: A nine-member trade delegation headed by director general, Export Promotion Bureau, Rahat Ul Ain, left for South Korea and Indonesia to explore export opportunities....
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Razak optimistic about export target
SIALKOT, Aug 17: Commerce Minister Abdul Razak Dawood on Saturday urged the business community to increase the export of non-traditional items....
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Oil prices storm to highest level in London
LONDON, Aug 17: Oil prices stormed to their highest level in three months this week, buoyed by a spectacular drop in US oil inventories, renewed optimism on Wall Street and ongoing...
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Falling cotton prices fail to attract buyers
KARACHI, Aug 17: Cotton market on Saturday eased further but the falling prices failed to attract many spinners in their fold followed by reports of piling of unsold yarn inventories in...
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