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| December 13, 2002 | Friday | Shawwal 8, 1423 |
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S&P raises Pakistan’s long-term ratings
ISLAMABAD, Dec 12: Pakistan’s long-term foreign currency sovereign credit rating has been raised to B from B- while the long-term local currency sovereign credit rating has been raised to BB- from... 
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One desk operation for investors shortly
KARACHI, Dec 12: Industries and Production Minister Liaquat Ali Jatoi on Thursday said the government intended to set up “one desk operation” to provide facilities to local and foreign investors....
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Govt not to allow import of used cars
KARACHI, Dec 12: The government will not allow import of used cars in future, joint secretary, Ministry of Industries and Production, Yasin Tahir, said....
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Task force to review BoI performance
ISLAMABAD, Dec 12: Adviser to the Prime Minister on Privatization and Investment Dr Abdul Hafeez Sheikh here on Thursday set up a task force to have a periodic review of the...
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40 more securities inducted in NCSS
KARACHI, Dec 12: There has been an induction of 40 more securities in the National Clearing and Settlement System (NCSS)....
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Heavy buying in Hubco pushes index up by 26.71 points
KARACHI, Dec 12: Stocks on Thursday finished with an extended gain as follow-up support persisted on all the blue chip counters aided by reports of higher corporate earnings for the year...
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New $200m bonds next year
ISLAMABAD, Dec 12: The government is considering issuing new $200 million bonds early next year after having received better credit rating from international credit rating agencies....
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Inflation goes up by 3.59pc in July-Nov
ISLAMABAD, Dec 12: Inflation as measured by Consumer Price Index (CPI) spiralled further by 3.59 per cent during the period July-November, 2002, as compared to the same period of previous year,...
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Sugar mills to start crushing next week
KARACHI, Dec 12: Sugar mills will start crushing in Sindh next week while the issue of subsidy on sugar export and sugarcane prices will be resolved by December 19 or 20....
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Opec agrees to cut output
VIENNA, Dec 12: Faced with the threat of falling prices, the Opec oil cartel agreed on Thursday to cut production even while it raised official quotas to bring them into line...
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Seminar
LAHORE, Dec 12: The Lahore Chamber of Commerce and Industry (LCCI) will organize a day-long seminar on “WTO: Market Access and Non-Tariff Barriers” on Friday....
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Textiles exports rise to $2.76bn
ISLAMABAD, Dec 12: Textile manufactures exports rose to $2.76 billion, increasing their share in total exports further to 63.78 per cent during the first five months of the fiscal 2002-03, as...
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Active trading on cotton market
KARACHI, Dec 12: Trading on the cotton market on Thursday remained fairly active as price ideas of both the buyers and the sellers matched as was reflected in large ready offtake....
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China likely to replace US: Exports to Japan
TOKYO, Dec 12: China is on target to replace the United States this year as the largest exporter of goods to Japan, a move expected to prompt Tokyo to increase calls...
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Japan to undertake $300m projects
KARACHI, Dec 12: Japan will undertake marine research and training vessel and food processing projects in Pakistan under $300 million PJBF projects for human resource development....
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Two transactions PC to hold closing ceremony today
ISLAMABAD, Dec 12: The Privatization Commission will hold Transaction Closing ceremony in respect of ICP Lot-’B’ Mutual Funds and Bank Alfalah Ltd on Friday whose management rights were sold to private...
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Karachi Port operations
KARACHI, Dec 12: Two ships carrying containers are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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ICCI to promote jewellery industry
ISLAMABAD, Dec 12: Islamabad Chamber of Commerce and Industry has said it would promote the jewellery & gems industry in the country....
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Malaysia palm oil prices up
KUALA LUMPUR, Dec 12: Malaysia’s palm oil futures closed slightly higher on Thursday, after a choppy session in which a lack of fresh impetus prevented further price gains, traders said....
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Indian industrial growth up
NEW DELHI, Dec 12: India’s industrial growth leapt to 6.2 per cent in October compared with 3.2 per cent in the same month last year, according to Central Statistical Organization figures...
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