|
| August 25, 2002 | Sunday | Jamadi-us-Saani 15,1423 |
|
Textile value in US down by 28pc
KARACHI, Aug 24: In these times when Pakistan textile industry is operating at its potential best in terms of quality and quantity, it is beset with serious low value problem in... 
|
|
GST on drugs: refund not allowed
KARACHI, Aug 24: Total confusion grips the local drug market as the official notification, issued on Friday to withdraw the controversial 15 per cent general sales tax (GST) on drugs forbids...
|
|
||
|
Decision on UBL deal within two weeks
ISLAMABAD, Aug 24: The Privatization Commission Board was informed here on Saturday that the lingering issue of privatizing United Bank Ltd will definitely be decided within the next two weeks....
|
|
Govt eyes tax-to-GDP ratio at 20pc by ’06
ISLAMABAD, Aug 24: The government has decided to increase tax-to-GDP ratio from existing 14 per cent to 20 per cent by 2006 to largely improve its fiscal deficit and manage substantial...
|
|
|
||
|
$ seems set to lose extra weight
KARACHI, Aug 24: The government has decided to let the dollar lose some extra weight as keeping it stable for the exporters is becoming less beneficial and more expensive for the...
|
|
WorldCom up-to-date in PTCL dues
KARACHI, Aug 24: WorldCom has paid amount due to Pakistan Telecommunication Company Limited (PTCL) on time in June 2002 and the payment for the next quarter would be due at the...
|
|
|
||
|
PC board okays transactions structure
ISLAMABAD, Aug 24: The Privatization Commission Board here on Saturday approved the transaction structure and pre-qualification criteria for Oil and Gas Development Company Limited (OGDCL)....
|
|
Badla rate crosses Rs5bn mark
KARACHI, Aug 24: Investment in carryover trade (COT) or ‘badla’ rose to Rs5.3 billion, which was the first time in three-and-a-half months — since May 10 — that it had crossed...
|
|
|
||
|
PIA earns Rs552m pre-tax profit
RAWALPINDI, Aug 24: The meeting of the PIAC Board of Directors was held here on Saturday under the chairmanship of Secretary Defence & chairman PIAC Lt. Gen. (Retd) Hamid Nawaz Khan....
|
|
Shrinking options for middle income investors
KARACHI, Aug 24: Where should the professionals, retired persons and middle income households invest their savings in the face of declining interest rates on government securities and bank deposits?...
|
|
|
||
|
New York cotton futures settle mixed
NEW YORK, Aug 24: NY cotton futures settled mixed on Friday in action featuring locals and small speculators, with most of the trade keeping a wary eye on a nascent dispute...
|
|
US stocks hit by corruption fears
NEW YORK, Aug 24: Stocks fell on Friday as high-profile investigations reignited fears of more corporate misconduct, prompting investors to book profits from the recent rally. But the broad market managed...
|
|
|
||
|
Dollar softens in thin volume
NEW YORK, Aug 24: Investors sold the dollar on Friday, taking advantage of Thursday’s powerful greenback rally to protect some profits ahead of the weekend....
|
|
COMEX gold ends flat
NEW YORK, Aug 24: COMEX gold dipped to a 22-day low on Friday but closed unchanged after a retreating stock market and softer dollar derailed the sell-off and traders finished covering...
|
|
|
||
|
Dhaka stocks lower
DHAKA, Aug 24: Dhaka stocks ended lower on Saturday as pharmaceutical and cement shares fell on profit taking, brokers said....
|
|
Nissan set to post record profit
TOKYO, Aug 24: Brisk sales and cost cuts are likely to enable Japan’s number three automaker Nissan Motor Co. Ltd. to post a 48 per cent rise in group operating profit...
|
|
|
||
|
CBOT rice
CHICAGO, Aug 24: Rough rice futures at the Chicago Board of Trade ended lower on Friday after an early rally fizzled out on commercial selling, but losses were limited as the...
|
|
‘New US tax cuts could hit state budgets’
NEW YORK, Aug 24: Should a set of additional federal tax cuts recently proposed by President George W. Bush gain traction, the effect could cause state finances to deteriorate further, analysts...
|
|
|
||
|
Brazil sells $200m in export credit
SAO PAULO, Aug 24: Brazil’s Central Bank sold $200 million in export credits on Friday, handing its ailing export sector much-needed relief as officials prepared to lobby the world’s banks to...
|
|
Japanese voters back tax reform plans
NAGASAKI, Aug 24: Taxpayers in the southern Japanese city of Nagasaki gave the government some welcome support for its tax reform plans on Saturday, telling officials they’d be willing to pay...
|
