|
| October 24, 2002 | Thursday | Sha’aban 17,1423 |
|
Mashreq accord with CresBank, IHFL: Amalgamation
KARACHI, Oct 23: Mashreq Bank — the foreign bank operating in Pakistan — has entered into an amalgamation agreement with Crescent Investment Bank Limited (CresBank) and International Housing Finance Limited (IHFL),... 
|
|
PNSC signs contract with 3 refineries: Crude oil supply
KARACHI, Oct 23: Pakistan National Shipping Corporation (PNSC) on Wednesday signed a “ten-year contract of affreightment” with three local refineries for the transportation of crude oil to them....
|
|
||
|
ICP Lot-B Funds bidding today
ISLAMABAD, Oct 23: The Privatization Commission is holding open bidding here on Thursday to transfer the management rights of the indicated funds as one lot of Investment Corporation of Pakistan Lot-B...
|
|
Indian Tata exploring entry in Pakistan
KARACHI, Oct 23: Indian tea giant Tata is exploring entry in Pakistan market through Tetley Tea, a UK-based tea company acquired by Tata Limited India about two years ago....
|
|
|
||
|
Effective yield on PIBs falls further
KARACHI, Oct 23: Banks and corporates continue to buy 10-year Pakistan Investment Bonds at high premiums foreseeing a drop in its yield in future....
|
|
PICIC declares dividend at 33.5pc
KARACHI, Oct 23: Relying on the steadfast clientele, Pakistan Industrial Credit and Investment Corporation (PICIC), on Wednesday set a new record among the banks and Development Finance Institutions by declaring highest...
|
|
|
||
|
EU tariff relief not withdrawn
KARACHI, Oct 23: The European Union has said that Pakistan continues to enjoy special benefits under the Generalised System of Preferences (GSP)....
|
|
Gold lower at European close
LONDON, Oct 23: Gold drifted lower in European trade on Wednesday, failing to post gains despite further falls in global stock markets....
|
|
|
||
|
Modarabas rating
KARACHI, Oct 23: JCR-VIS credit rating company has decided to recommence the ratings of all modarabas on the conventional scale used for credit rating of all other entities rather than rating...
|
|
Hubco results
KARACHI, Oct 23: The Board of Directors of Hubco in its meeting on Wednesday approved the un-audited financial results for the first quarter ended September 30, 2002....
|
|
|
||
|
Stocks up 26 points ahead of Q1 corporate results
KARACHI, Oct 23: Trading volume on the stock market on Wednesday soared to 275m shares on strong buying aided by expectation of higher quarterly earnings by most of the leading shares,...
|
|
Wapda links NWFP share to dues recovery
PESHAWAR, Oct 23: Water and Power Development Authority (Wapda) has, apparently, linked payment of NWFP’s net hydel profit share for the current financial year with the recovery of the arrears from...
|
|
|
||
|
Lint prices up on active demand
KARACHI, Oct 23: Cotton market on Wednesday maintained firm outlook as prices of fine varieties were traded further higher as leading spinners tried to grab the floating stock....
|
|
$100m ADB assistance for farm sector
ISLAMABAD, Oct 23: The Asian Development Bank (ADB) is working out $100m financial assistance plan for Pakistan agribusiness development project to be launched in 2004, an official source told Dawn on...
|
|
|
||
|
SECP to have anti-money laundering unit soon
ISLAMABAD, Oct 23: The Securities and Exchange Commission of Pakistan (SECP) will shortly set up an Anti-Money Laundering Unit (AML) to develop in-house expertise on the ways to detect and prevent...
|
|
Karachi Port operations
KARACHI, Oct 23: Four ships carrying high speed diesel, containers and to load rice are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
|
|
|
||
|
Pact signed for hydro power plant
ISLAMABAD, Oct 23: Pakistan and Liaoning International of China signed an agreement here on Tuesday for cooperation in setting up 18-mw Hydro Electric Power Station at Naltar, district Gilgit....
|
|
Probe ordered against customs
ISLAMABAD, Oct 23: Federal Tax Ombudsman Justice Saleem Akhtar has directed the Central Board of Revenue (CBR) to initiate an enquiry against those responsible of forgery and tempering with official records...
|
|
|
||
|
Oil price slips
LONDON, Oct 23: The price of oil edged lower on Wednesday as the market mulled weekly US inventory data ahead of the outcome of UN Security Council deliberations on Iraq....
|
|
Malaysians offered joint ventures
LAHORE, Oct 23: Private sector of Pakistan and Malaysia on Wednesday agreed to further promote and strengthen bilateral trade between the two countries and explore new avenues for future investments in...
|
