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| December 5, 2002 | Thursday | Ramazan 29,1423 |
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NWFP financial crisis may hit dist govts: Transfers shortfall, Wapda dues
PESHAWAR, Dec 4: The looming financial crisis owing to shortfall under direct federal transfers and non-payment of net hydel profit share by Water and Power Development Authority is likely to affect... 
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Mutual funds asked to comply with IAS 39
ISLAMABAD, Dec 4: The Securities and Exchange Commission of Pakistan (SECP) has directed the mutual funds to fully comply with the requirements of International Accounting Standards (IAS) 39 “Financial and Measurement”...
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State Bank to evolve policy framework: Micro-finance housing
KARACHI, Dec 4: A policy framework for micro-finance for housing is being developed by the State Bank to provide affordable loans to low income groups, sources here said....
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Phutti arrivals move up by 6.43pc
KARACHI, Dec 4: If the flow of phutti from fields into ginners is considered a gauge to estimate the raw cotton production then the country is expected to have a bumper...
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SBP updates branch licensing policy
KARACHI, Dec 4: The State Bank on Wednesday issued the updated version of its policy regarding issuance of licences to local and foreign banks to open branches....
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CBR strategy to revitalize functioning
ISLAMABAD, Dec 4: The Central Board of Revenue (CBR) has devised a reform strategy to revitalize its functioning by introducing a vibrant change from conventional set up to functional management to...
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$250m ADB loan for farmers
KARACHI, Dec 4: Adviser to the Prime Minister on Finance and Economic Affairs, Shaukat Aziz has said that the Asian Development Bank will provide finances up to $250 million to be...
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Wheat sale tender
KARACHI, Dec 4: The state-run Trading Corporation of Pakistan has issued a tender to sell 50,000 tons of milling wheat from government-owned stocks, a senior official said on Wednesday....
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Tea prices
COLOMBO, Dec 4: Sri Lanka tea prices were flat at the latest auction for a third week in a row, as brokers said improved demand was offset by a slip in...
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ECB rate
BERLIN, Dec 4: The German banking federation BdB on Wednesday urged the European Central Bank to cut its key “refi” refinancing rate by half a percentage point at its policy-setting meeting...
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Stocks stage rally on positive developments
KARACHI, Dec 4: Stocks on Wednesday maintained their upward drive as investors made fresh covering purchases on selected counters aided by some positive developments both on the financial and political fronts....
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French banks go short of 500-euro notes
PARIS, Dec 4: Almost a year after the Euro was successfully introduced as the common currency of most of the 15 European Union countries, and just as France had started complaining...
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Karachi Port operations
KARACHI, Dec 4: Six ships carrying containers, general cargo and DAP fertilizer are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Holiday mood prevails on cotton market
KARACHI, Dec 4: Cotton market on Wednesday finished the pre-Eid holiday session on a dull note as spinners kept to the sidelines most of the time and did not opt for...
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US auto sales fall by 13pc
NEW YORK, Dec 4: US sales at domestic and foreign automakers fell 13 per cent overall in November to 1.2 million cars, but the top US car companies said they remained...
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Euro holds above parity against greenback
LONDON, Dec 4: The euro held above parity against the dollar on Wednesday after Wall Street chalked up heavy losses overnight, on growing expectations that an expected cut in euro-zone interest...
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