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| November 30, 2002 | Saturday | Ramazan 24, 1423 |
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Export refinance rate cut to 5.5pc
KARACHI, Nov 29: The State Bank on Friday said it has reduced the export refinance rate by one percentage point to 5.5 per cent for December 2002.... 
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Cotton, textile to generate Rs1,200bn
KARACHI, Nov 29: Cotton and textile sector is well poised to generate more than Rs1,200 billion this season of which growers are expected to receive about Rs100 billion while over Rs1,100...
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Development fund for sugar industry set up
ISLAMABAD, Nov 29: The government and the sugar industry reached an understanding on Friday to set up a sugar industry stabilization and development fund mainly for the immediate export of 100,000...
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US cotton exports pick up
NEW YORK, Nov 29: US cotton exports appear to be picking up, but some analysts said on Friday prices may need to decline sharply in the coming weeks for sales to...
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Japan’s new agenda to tackle bad loans
TOKYO, Nov 29: Japan unveiled its agenda to restore health to its bad loan-laden banking sector Friday but revealed little in the way of specific measures....
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Pakistan ideal for investment
ISLAMABAD, Nov 29: The BoI Chairman, Waseem Haqqie, on Friday said Pakistan was ideal country for investors, having highest rate of return on investment, highly skilled labour force and a vibrant...
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CED on natural gas okayed
ISLAMABAD, Nov 29: The Economic Coordination Committee (ECC) has approved the levy of central excise duty (CED) at a rate of Rs5.09 per million British Thermal Unit (BTU) on natural gas...
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Reserves cross $9bn mark
KARACHI, Nov 29: Pakistan’s gross liquid foreign exchange reserves crossed the $9 billion mark on Friday, a spokesman for the State Bank told Dawn....
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Pakistan investment moot, fair in Tokyo
KARACHI, Nov 29: The Export Promotion Bureau (EPB) and Japan External Trade Organization (JETRO) on Friday reviewed the arrangements for single country exhibition and investment conference of Pakistan in Tokyo from...
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Steel case: WTO rules in favour of US
GENEVA, Nov 29: The World Trade Organization has ruled in favour of the United States in a dispute with the European Union over maintaining duties on certain steel products from Germany,...
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Eurozone business gloomy
BRUSSELS, Nov 28: Eurozone consumer confidence weakened in November, offsetting an improvement in the business climate and causing the zone’s overall economic sentiment index to fall, the European Commission said on...
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Shaukat to visit KSE on Dec 3
KARACHI, Nov 29: The Karachi Stock Exchange visit of Shaukat Aziz, advisor to Prime Minister on Finance & Economic Affairs earlier scheduled for Monday, would now take place on Tuesday, December...
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Stocks finish weekend session with 48 points recovery
KARACHI, Nov 29: Stocks on Friday staged a snap rally as bulls fought back and made active short-covering at the lower levels in most of the pivotals, halting the last three...
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Oil price firm
LONDON, Nov 29: The price of oil held steady here on Friday in quiet trading with the New York market closed for the second day running for the Thanksgiving holiday....
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CBR asked to define standards of wastage
ISLAMABAD, Nov 29: Federal Tax Ombudsman Justice Saleem Akhtar has asked the Central Board of Revenue to formulate standards of wastage of various types of industries aimed at keeping the quality...
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Active trading on cotton market
KARACHI, Nov 29: Trading activity on the cotton market on Friday was maintained on the higher side as spinners and mills remained active buyers at the prevailing prices but leading ginners...
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NSS counters
ISLAMABAD, Nov 29: The government has set up special counters to facilitate expatriates working in UAE in buying National Saving Schemes, says a press release issued here on Wednesday....
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Karachi Port operations
KARACHI, Nov 29: Eight ships carrying containers, general cargo and chemicals are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Yen slips against dollar
LONDON, Nov 29: The yen fell back against other leading currencies on Friday after Japanese data released earlier pointed to a grim outlook for the world’s number two economy....
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Palm oil prices
KUALA LUMPUR, Nov 29: Crude palm oil (CPO) prices on Malaysia’s Derivatives Exchange are expected to inch up further in the coming week, but the upside would be limited, dealers said...
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