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| August 22, 2002 | Thursday | Jamadi-us-Saani 12,1423 |
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Nooriabad to have 3,000 acres more land
KARACHI, Aug 21: The government will allocate 3,000 acres more land for Nooriabad industrial estate for setting up industrial units.... 
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Fresh guidelines for loans write-off
KARACHI, Aug 21: The State Bank has worked out new guidelines for irrevocable loans and advances write-off and set three criteria for the settlement of stuck-up loans now estimated at around...
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Coca Cola plans substantial investment
ISLAMABAD, Aug 21: The Coca Cola Company has informed the government about its plans to make substantial investment in Pakistan that could generate around 12,000 direct and 45,000-90,000 indirect job opportunities...
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Millers refuse to lift ‘old’ wheat stock
KARACHI, Aug 21: As many as 150 flour mills of Sindh have not lifted any of the wheat stock reserves despite the fact that the price has been reduced to Rs827...
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TCP sells 30,600 tons wheat at $113.69
KARACHI, Aug 21: The Trading Corporation of Pakistan on Wednesday awarded export contract of wheat to the highest bidder at $113.69 per ton fob Karachi for shipment within 45 days from...
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FFC announces results a day earlier
KARACHI, Aug 21: It’s the reporting season. And after the stellar earnings announcement by Shell Pakistan on Tuesday, the market is now anxiously waiting for competitor PSO to announce results on...
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MCA to monitor cartels, mergers & acquisitions
ISLAMABAD, Aug 21: Monopoly Control Authority will be upgraded to monitor and regulate the rise of cartels and mergers & acquisitions (M&As) in Pakistan, it was decided at a high level...
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FDI gaining momentum: BoI
ISLAMABAD, Aug 21: Direct foreign investment (FDI) is flowing steadily into Pakistan with increasing momentum as a result of certain initiatives taken by the Board of Investment (BoI), it was officially...
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Euro-zone
BRUSSELS, Aug 21: The euro zone’s trade surplus expanded to 10.7 billion euros in June, up from 8.6 billion in May, the European Union’s statistics...
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SBP mops up Rs24.64bn
KARACHI, Aug 21: The State Bank of Pakistan on Wednesday realized Rs24.64 billion from the auction of three-month and 12-month treasury bills....
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Trade talks
DAMASCUS, Aug 21: Iraqi Trade Minister Mohammed Mehdi Saleh and Syria’s Industry Minister Issam Zaim held talks here on Wednesday on financing and implementing joint industrial projects, the official news agency...
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Stocks maintain upward drive on follow-up support
KARACHI, Aug 21: Stocks on Wednesday maintained an uppish leaning followed by active follow-up support but late profit-selling allowed some of the pivotals to finish with clipped gains....
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Saudis pull out investment from US: report
LONDON, Aug 21: Saudi investors have withdrawn tens of billions of dollars from the United States because of concerns their assets might be frozen, the Financial Times reported Wednesday....
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Karachi Port operations
KARACHI, Aug 21: Five ships carrying containers, crude oil and high speed diesel are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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18 ginneries to produce taint-free cotton
SANGHAR, Aug 21: Eighteen ginning factories of Sanghar district would produce contamination-free cotton and for this purpose 1,130 growers have been trained....
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Russian interest in ME oilfields growing
RIYADH, Aug 21: Russia is moving ahead to forge closer economic ties with the countries of the Middle East. While it has just negotiated a $40 billion trade agreement with Iraq,...
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Slow trading on cotton market
KARACHI, Aug 21: Physical trading on the cotton market on Wednesday remained slow as spinners were reluctant buyers at the higher levels because of export parity problems....
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Accounts submission grace period reduced
ISLAMABAD, Aug 21: The Securities and Exchange Commission of Pakistan has reduced the grace period for presentation of annual accounts to four months, according to an official source....
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National Foods literacy programme
KARACHI, Aug 21: National Foods Limited — a listed company on the food sector — said it was doing more than making spices, pickles and a lot of profit. At a...
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Road map to boost dates export
KARACHI, Aug 21: The Export Promotion Bureau (EPB) has evolved a road map for boosting export of fresh dates on sustained basis and suggested various measures to ensure supply side and...
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