Low Graphics Site

December 6, 2002 Friday Shawwal 1,1423 $266 million ADB loans okayed: Financial market reforms MANILA, Dec 5: The Asian Development Bank (ADB) said on Thursday it had approved three loans totalling $266 million for Pakistan to help investor confidence and strengthen the country’s financial system.... ‘Eid sales sign of economic revival’ ISLAMABAD, Dec 5: Economic adviser and spokesman of the Ministry of Finance, Dr. Ashfaq Hassan Khan on Thursday said that retail sales of items related to Eid are significantly higher this... Under-developed NWFP dists losers: PFC formula PESHAWAR, Dec 5: The under-developed districts of the NWFP have partially been benefited by the implementation of the resource distribution plan envisaged under the Provincial Finance Commission (PFC) award, according to... Xinjiang offers new prospects to Pakistanis BEIJING, Dec 5: China has offered new trade opportunities to Pakistani businessmen to undertake joint ventures in its western region, Xinjiang.... Oil prices higher LONDON, Dec 5: IPE Brent crude oil futures resumed their upward move by Thursday afternoon as a fourth day of opposition strikes in Venezuela hit exports, dealers said.... ITBAK proposes amendments in income tax law KARACHI, Dec 5: The Income Tax Bar Association, Karachi (ITBAK) has proposed certain amendments in the Income Tax Ordinance, 2001, “to make it more taxpayers friendly.”... Opec leakage LONDON, Dec 5: Opec oil exporters continued to pump far in excess of their official output quotas in November, as fears of a war on Iraq held prices up, a monthly... Russia eyes US, Asia oil markets LONDON, Dec 5: When Opec meets next week to haggle over oil markets, members would do well to remember that their biggest competitor is not sitting at the table.... BoE holds interest rates steady LONDON, Dec 5: The Bank of England announced on Thursday its policymakers had agreed to leave the central bank’s main lending rate unchanged at a 38-year low point of 4.0 per... New strategy MUNICH, Dec 5: German electronics and engineering giant Siemens AG said on Thursday its US business swung to a profit in its 2002 business year, helped by a new marketing strategy,... Euro slips vs dollar after ECB rate cut LONDON, Dec 5: The euro bobbed around parity against the dollar on Thursday as traders awaited the decision of European Central Bank (ECB) policymakers, who are seen slashing interest rates in... ECB cuts interest rates FRANKFURT, Dec 5: The European Central Bank gave the struggling euro zone economy an early Christmas gift on Thursday by slashing borrowing costs by half a percentage point to their lowest... Mercedes sales FRANKFURT, Dec 5: Car-making giant DaimlerChrysler said on Thursday it sold 7,800 fewer of its luxury Mercedes models in the first 11 months of the year, while sales in November fell... EU imports over 0.5m tons wheat PARIS, Dec 5: Soft wheat imports into the European Union now exceed seven million tons since the beginning of the season, due to an additional 526,000 tons imported this week, EU... US panel rejects United Airlines’ $1.8bn loan plea WASHINGTON, Dec 5: A US government panel has rejected a 1.8 billion dollar loan application by United Airlines, in a move that was widely expected to push the troubled carrier into... China, Taiwan to hold talks on steel trade TAIPEI, Dec 5: China has agreed for the first time to hold landmark consultations with Taiwan on steel trade under the World Trade Organization (WTO), an official said on Thursday.... Indian rice sales drop NEW DELHI, Dec 5: High prices, slow movement of cargo and lack of fresh orders have brought rice sales in India to a virtual standstill, traders said on Thursday.... Bankers, fund managers get poorer LONDON, Dec 5: Private bankers and fund managers, accustomed to fat bonuses in the bull market, took home lighter paychecks this year with base salaries frozen and bonuses down to half... FTSE loses gains LONDON, Dec 5: Stronger oil firms BP and Shell kept Britain’s FTSE 100 share index in higher ground on Thursday, although a lower opening on Wall Street amid nervousness about economic... Shipbuilding overcapacity PARIS, Dec 5: Representatives from the world’s leading shipbuilding nations opened a two-day meeting here Thursday aimed at reducing over-capacity in the shipbuilding industry, which has sent ship prices plunging....

Contributions Privacy Policy © DAWN Group of Newspapers, 2005