Bourses can elect broker as chairman: SECP directive
ISLAMABAD, Sept 2: Securities and Exchange Commission of Pakistan, in modification of its earlier directive, restored here on Monday the power of the members of stock exchange to elect a broker...
Atta moves up by Re1 to Rs2 per kg
KARACHI, Sept 2: Except for increase in price of atta, masur pulse and tomato, the last month has proved a bit mild for consumers as prices of kitchen items have either...
State Bank evolving $-financing mechanism
KARACHI, Sept 2: The governor, State Bank, Dr Ishrat Hussain said on Monday that the State Bank is evolving dollar-financing mechanism, under which more dollar funds at cheaper cost will be...
SBP issues guidelines: FCY trade loans
KARACHI, Sept 2: The State Bank has issued a set of guidelines about trade loans being offered by the banks out of their fresh foreign currency deposits....
Gold category list expanded
ISLAMABAD, Sept 2: The government has expanded the list of gold category aimed at facilitating early payment of duty drawback claims to maximum genuine exporters, a senior official told Dawn....
Govt raises duty on 28 items
ISLAMABAD, Sept 2: The government on Monday raised the customs duty on about 28 kinds of items to do away with budgetary anomalies of 2002-03....
Oil prices fall
LONDON, Sept 2: Oil prices edged lower on Monday, hit by profit taking following recent gains, although the move came in thin turnover with US markets shut for the Labour Day...
Chinese trade team
KARACHI, Sept 2: A 10-member Chinese trade and investment delegation will visit Pakistan from September 6 to 12, 2002 to explore possibilities for joint ventures in textile and procurement of polyester...
Profit-selling halts rally on KSE: index loses 22 points
KARACHI, Sept 2: The current sustained run-up on the stock market was halted on Monday as investors took profits at the higher levels but analysts predict that the dividend-led rally is...
Economy still facing challenges: Razak: Carpet fair opens
LAHORE, Sept 2: Claiming that the economy has shown signs of recovery in the past few years, Commerce Minister Abdul Razak Dawood here on Monday said several years of transparency and...
Pakistan, Azerbaijan to boost trade ties
ISLAMABAD, Sept 2: Pakistan and Azerbaijan have decided to substantially enhance trade and economic relations specially by first improving their present weak air and road links....
Prices rise sharply on cotton market
KARACHI, Sept 2: Cotton prices on Monday rose from the weekend lower levels below the Rs2,000 per maund mark as spinners continued to build-up long positions against their forward sales of...
Indian exports rise by 17.74pc
NEW DELHI, Sept 2: Indian exports rose by 17.74 per cent in July compared to the same month last year, narrowing the country’s trade deficit by 48 per cent, officials said...
‘Ambiguities’ in new refund law
KARACHI, Sept 2: The central chairman, Pakistan Business Forum, Mian Tanweer Ahmed Mangoon, has drawn the CBR attention towards certain ambiguities in the newly announced Sales Tax Refund Rules 2002....
Karachi Port operations
KARACHI, Sept 2: Seven ships carrying tallow, crude oil and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
SPI falls by 0.16pc
ISLAMABAD, Sept 2: Sensitive Price Indicator (SPI) during the week ending August 29 fell by 0.16 per cent as compared to previous week mainly due to decline in prices of chicken...
REAP elections
KARACHI, Sept 2: Members of the Rice Exporters Association of Pakistan (REAP) in the annual election 2002, held on August 31, has elected 10 managing committee members....
NBP shares offering may not be at par
KARACHI, Sept 2: The Privatization Commission told the Karachi Stock Exchange on Monday that perception that additional offering of shares in National Bank of Pakistan (NBP) might be at par was...
World economy resisted 9/11 shock
PARIS, Sept 2: The feared collapse of the world’s economies after September 11, did not take place largely because US authorities took vigorous action, but the uncertainty brought to the surface...