Shaukat asks banks to meet demand: Housing finance
KARACHI, Dec 11: Prime Minister’s Adviser on Finance and Economic Affairs Shaukat Aziz estimated on Wednesday a backlog of 5.38 million housing units in the country which represent a big demand...
Prospects for South Asia brighter: WB
NEW DELHI, Dec 11: The recent global economic slowdown, adverse weather conditions, and internal and external security concerns reduced growth figures for the South Asia region in 2002. Growth in the...
Investment mobilization drive from next month
KARACHI, Dec 11: Prime Minister’s Adviser on Finance Shaukat Aziz said on Wednesday that foreigners’ traffic to Lahore and Islamabad had somewhat improved lately, but Karachi remained a problem city mainly...
Banks have excess liquidity to sell loans
KARACHI, Dec 11: State Bank Governor Dr Ishrat Husain on Wednesday said the banking system had excess liquidity, necessitating aggressive marketing to sell their loans....
Jatoi wants industrial units skill updated
KARACHI, Dec 11: Federal Minister for Industries and Production Liaqat Ali Jatoi has asked the state-owned industrial units to quickly comply with the requirement of international buyers and manufacture products that...
Pakistan, Turkey to cooperate in auto sector
KARACHI, Dec 11: The Chairman, Export Promotion Bureau (EPB), Tariq Ikram, on Wednesday said that there is great scope of cooperation between Turkey and Pakistan in the complimentary industries of automobile...
Stocks recover 12.69 points on active short-covering
KARACHI, Dec 11: Stocks on Wednesday recovered from the previous lower levels followed by active short-covering in pivotals on the perception that 12 paisa per unit cut in power rates may...
Pakistan, US talks focus on free trade
WASHINGTON, Dec 11: Pakistan and the United States held the inaugural meeting of the joint working group on trade and investment at the White House conference centre on Tuesday....
Second-hand car import may be reviewed
KARACHI, Dec 11: The Prime Minister’s Adviser on Finance, Shaukat Aziz, on Wednesday dropped broad hint of government reviewing the decision on import of re-conditioned cars....
China exports LPG to Pakistan
SINGAPORE, Dec 11: China has exported its first cargo of liquefied petroleum gas to Pakistan as part of border trade between the two countries, a China-based industry official said on Wednesday....
Brisk trading on cotton market
KARACHI, Dec 11: Brisk trading was witnessed on the cotton market on Wednesday as spinners resumed their covering operations in a big way and lifted all the lots offered for sale...
Wheat tender
KARACHI, Dec 11: The Trading Corporation of Pakistan (TCP) has extended the bidding deadline for the sale of 50,000 tons of wheat to December 16 from December 11, a TCP official...
France offers technical assistance for SMEs
SIALKOT, Dec 11: France on Wednesday offered technical assistance to Sialkot business community for promoting small and medium enterprises (SMEs), besides offering some direct trade relations to the local exporters for...
Karachi Port operations
KARACHI, Dec 11: Five ships carrying containers, crude oil and passenger buses are due to arrive at the outer anchorage on Thursday, according to KPT sources....
Friday as holiday opposed
SIALKOT, Dec 11: Sialkot Chamber of Commerce and Industry (SCCI) has rejected the proposal of reverting to Friday as weekly holiday....
Cane growers meeting
KARACHI, Dec 11: Industries Minister Liaquat Ali Jatoi will hold an important meeting with sugarcane growers and representatives of sugar industry at PIDC House here on Thursday....