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| October 6, 2002 | Sunday | Rajab 28, 1423 |
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Trade gap to widen to 2.3pc of GDP: IMF country report
ISLAMABAD, Oct 5: Pakistan’s trade balance will widen to 2.3 per cent of GDP in 2002-03, predicts the IMF.... 
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PC to offer 5 pc more NBP shares tomorrow
ISLAMABAD, Oct 5: Privatization Commission has made all necessary arrangements to once again offer 5 per cent government’s shares in National Bank of Pakistan (NBP) to the general public with a...
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Falling euro worries exporters
KARACHI, Oct 5: The euro has gone into reverse gear — and lost 2.3 per cent of its value against the rupee in the first quarter of this fiscal year....
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Associated Cement bidding cancelled
ISLAMABAD, Oct 5: Privatization Commission here on Saturday cancelled the bidding process for the sale of the assets of Associated Cement (Rohri) Limited after receiving the offers against the bidding instructions....
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Passco stopped from wheat export
ISLAMABAD, Oct 5: The wheat disposal committee on Saturday restrained Passco from wheat export till the arrival of new wheat crops, said an official....
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Debt crises and currency crashes: CORPORATE FOCUS
KARACHI, Oct 5: The key issue, without which neither globalization can be sustained nor can a sound international financial architecture...
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Europe ups gasoline exports to US during hurricane
LONDON, Oct 5: European oil companies took advantage of a hurricane temporarily blowing open the gasoline arbitrage to the US this week by stepping up exports, traders said on Friday....
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Economists split over chance of Fed rate cut
NEW YORK, Oct 5: Wall Street firms are increasingly split over whether the Federal Reserve will cut interest rates again before Christmas, with more economists now citing worries about a lack...
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‘US to file WTO complaint against Canadian wheat’
WASHINGTON, Oct 5: The US Trade Representative soon will lodge a World Trade Organization complaint protesting Canadian Wheat Board practices, Sen. Max Baucus, a Montana Democrat, said on Friday....
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India’s forex reserves at peak
MUMBAI, Oct 5: India’s foreign exchange reserves rose for the second straight week to their highest ever level boosted by exporter remittances and inflows from non-residents, analysts said on Saturday....
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US, UK move goalposts on Iraq oil
NICOSIA, Oct 5: The United States and Britain have refused to return to a simple pricing system for Iraqi oil through the United Nations despite Baghdad lifting a surcharge, the Middle...
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MCA role to discourage cartels: TNCs subsidiaries merger
ISLAMABAD, Oct 5: Merger of subsidiaries of transnational corporations should be notified in advance to the competition authority of the host country to ensure that the move does not hurt its...
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Refund process made automated
ISLAMABAD, Oct 5: The Central Board of Revenue (CBR) has asked all trade associations and exporters to provide a soft copy of information relating to certain documents for claiming refunds....
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FTO gets over Rs695m refunds released
ISLAMABAD, Oct 5: The Federal Tax Ombudsman (FTO) has got released Rs695.357 million refund to exporters during the last two years, an amount that had been withheld by the tax authorities...
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Formation of rice board resented
KARACHI, Oct 5: The Union of Small and Medium Enterprises (UNISAME) has raised objection over the formation of the proposed rice board which they feel would be an overlapping over the...
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Asia needs energy stockpile: Malaysia
KUALA LUMPUR, Oct 5: Asia probably needs an energy stockpile as the Middle East’s instability continues to threaten oil supplies, Malaysia’s oil industry chief was quoted as saying ahead of a...
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Cotton market lacks lustre
KARACHI, Oct 5: Cotton market on Saturday passed through a relatively dull session as spinners kept to the sidelines awaiting further developments on the world cotton trading centres....
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Free gold import not notified as yet
KARACHI, Oct 5: Confusion has gripped the domestic bullion trade as the government has not notified as yet free gold import announced in trade policy 2002-03....
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Transfer, postings in CBR
ISLAMABAD, Oct 5: The Central Board of Revenue (CBR) has transferred and posted 35 deputy and assistant collectors across the country....
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‘Privatization vital for 8pc economic growth’
NEW DELHI, Oct 5: Indian Prime Minister Atal Behari Vajpayee warned on Saturday that tough economic decisions including the privatization of state-run firms would be required to achieve eight per cent...
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