Net loan stands at $30bn: Ishrat
KARACHI, Oct 2: Pakistan’s current net indebtedness, according to international standards, is now 30 billion dollars, the Governor of State Bank of Pakistan Dr Ishrat Hussain informed newsmen on Wednesday....
EU offers both trade and aid
BRUSSELS, Oct 2: The Pakistani delegation in a recently-concluded UN World Summit on Sustainable Development in Johannesburg strongly argued in favour of getting a better opportunity to draw benefits from international...
Sindh uplift key to industrial growth
KARACHI, Oct 2: Emphasis has been laid on developing infrastructure and improving law and order situation in Sindh so that urban-rural divide could be narrowed by setting up cluster of industries...
Gram pulse prices up by Rs2 per kg
KARACHI, Oct 2: A market manipulation of wholesalers and retailers has pushed up the prices of imported gram pulse price to Rs38 to Rs40 a kg, from Rs30 to Rs35 last...
Corporate governance project being launched
ISLAMABAD, Oct 2: Securities and Exchange Commission of Pakistan (SEC) will establish an Institute of Corporate Governance to train its own staff and that of stock exchanges in managing the equities...
Negative image deters investment
KARACHI, Oct 2: Speakers at a seminar on Wednesday unanimously identified negative image and poor law and order situation as two key deterrents to foreign investment in Pakistan....
Bolan Mining to supply iron ore to PS
ISLAMABAD, Oct 2: The Bolan Mining Enterprises (BME) will supply 100,000 tons of iron ore annually to Pakistan Steel (PS)....
Adhi well-13 starts production
KARACHI, Oct 2: Pakistan Petroleum Limited (PPL) has announced the presence of additional oil reserves in Sakesar formation of Adhi Field and commencement of oil and gas production from Adhi Well-13....
Dollar stable at below Rs59 in kerb
KARACHI, Oct 2: The US dollar traded below Rs59 level in the kerb market for the second consecutive day on Wednesday....
KSE-100 index gains 24 points under PSO lead
KARACHI, Oct 2: Stocks on Wednesday shrugged off the overnight easiness as the PSO-led robust recovery engulfed the entire market and drove bears out of the arena at least for the...
Spinners resume buying on cotton market
KARACHI, Oct 2: After Tuesday’s technical breather, spinners were back on the market and resumed their covering purchases both in Sindh and Punjab varieties at highly erratic rates....
Drawback claims
ISLAMABAD, Oct 2: The Central Board of Revenue (CBR) has directed all customs collectorates for immediate disposal of pending duty drawback claims to facilitate exporters....
Karachi Port operations
KARACHI, Oct 2: Seven ships carrying containers, fertilizer and general cargo are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
Closure of NCBs stalled in BD
DHAKA, Oct 2: The process of closing down the perennially loss making branches of the nationalized commercial banks (NCBs) has recently been stalled in Bangladesh thanks to pressure from political high-ups...
Sri Lanka tea prices
COLOMBO, Oct 2: Sri Lanka tea prices held onto last week’s gains because of strong demand from major buyer countries, brokers said on Wednesday....
Office-bearers
KARACHI, Oct 2: Agha Jamal has been elected chairman of Travel Agents Association of Pakistan (TAAP) for the year 2002-2003 while H. Firoz Qureishi has been elected vice chairman. Anwar Rasheed...