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| November 15, 2002 | Friday | Ramazan 9, 1423 |
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Govt chalks out plan for winter: Gas demand/supply
ISLAMABAD, Nov 14: The Economic Coordination Committee of the Cabinet (ECC) here on Thursday decided to introduce gas management programme during the current financial year.... 
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Takeover law requires revamping: SECP chief
KARACHI, Nov 14: The chairman, Securities and Exchange Commission of Pakistan (SECP), Khalid Mirza, said on Thursday that the recently enacted “Takeover Law” required major revamping....
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Rupee keeps going up: $ down 2.5pc since July
KARACHI, Nov 14: The US dollar has depreciated by 2.5 per cent against the rupee in the inter-bank market since July on higher dollar selling by exporters, larger inflow of home...
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Industrial POL offtake up 1.62pc
KARACHI, Nov 14: Pakistan’s industrial consumption of petroleum, oil and lubricants (POL) has increased by 1.62 per cent during July-September 2002-03 to 4 million tons as compared to 3.92 million tons...
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Mills link crushing with sugar pricing
KARACHI, Nov 14: The sugar mills of Sindh has decided not to commence crushing season unless the government links sugarcane prices with refined sugar prices....
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Stocks fail to sustain buying euphoria
KARACHI, Nov 14: Stocks on Thursday failed to sustain the initial buying euphoria generated by reports of summoning of the National Assembly session and positive signals about the formation of government...
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PPL gets petroleum exploration licence
ISLAMABAD, Nov 14: The government on Thursday granted petroleum exploration licence to Pakistan Petroleum Limited (PPL) in Attock and Chakwal districts to make a risk investment of $12.5 million....
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Banks consortium arranges $70m for PIA
KARACHI, Nov 14: Pakistan International Airlines Corporation (PIAC), the national Flag carrier of Pakistan, signed a $70 million 5-year Morabaha Financing Facility on Tuesday ....
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AG to settle tax disputes
KARACHI, Nov 14: The government has asked the Attorney General of Pakistan to settle all outstanding tax disputes involving billions of rupees between government organizations and the Central Board of Revenue...
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SBP allows remittance of re-insurance premia
KARACHI, Nov 14: The State Bank has allowed remittances of re-insurance premia on policies issued in respect of accidental death....
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3 Japanese steelmakers forge alliance
TOKYO, Nov 14: Japan’s largest steelmaker Nippon Steel Corp and smaller rivals Sumitomo Metal Industries Ltd and Kobe Steel Ltd announced an alliance on Thursday in the latest of a series...
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Panic buying continues on cotton market
KARACHI, Nov 14: Brisk trading was again witnessed on the cotton market on Thursday as spinners were not inclined to take even a technical breather and continued their panic buying at...
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Two CAs penalized
ISLAMABAD, Nov 14: The Securities and Exchange Commission of Pakistan has penalized Arman & Co, practising chartered accountants, for submitting audit report relating to a listed company in an irregular manner....
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US retail sales flat
WASHINGTON, Nov 14: US retail sales were flat in October as shoppers deserted car showrooms but rushed to buy warm clothes for winter, government figures showed on Thursday....
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Karachi Port operations
KARACHI, Nov 14: Four ships carrying containers and high speed diesel are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Microcredit summit ends
NEW YORK, Nov 14: The four-day Microcredit Summit concluded here on Wednesday with the declaration that the year of 2005 will be the international year of microcredit. The decision has been...
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Oil prices
LONDON, Nov 14: IPE Brent futures were dragged down by technical selling on Thursday, returning to negative territory despite a large draw in weekly crude stocks....
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Palm oil prices lower
KUALA LUMPUR, Nov 14: Malaysia’s crude palm oil futures rebounded from early lows on Thursday after players covered back their positions, shaking off worry over poor exports in the first half...
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Farm credit for tractor buying
KARACHI, Nov 14: The State Bank has told all commercial banks and other financial institutions involved in farm credit that there is no restriction on the banks to provide agricultural loans...
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MoU
KARACHI, Nov 14: Atlas Group of Companies has signed a memorandum of understanding (MoU) with Habib Bank Ltd to provide the Group’s consumer products range through the consumer durable financing facility....
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