Sell-off plan for next quarter announced
ISLAMABAD, Dec 13: The pace of privatization programme will be accelerated in more transparent way to convey good signals to the foreign and local investors....
WB for efforts to increase gas supplies
KARACHI, Dec 13: World Bank has emphasised that efforts must be undertaken for fuel oil substituting gas in order to save considerable cost in the form of foreign exchange....
Edible oils import bill up by 61 per cent
ISLAMABAD, Dec 13: The import bill of edible oils increased by 61.16 per cent to $224.86 million, constituting nearly 58 per cent of the food group bill during the first five...
Stocks finish weekend session with 23 points gain
KARACHI, Dec 13: Shares on Friday maintained their upward drive as investors continued to build-up long positions on selected counters aided by reports of heavy foreign buying in Hub-Power and some...
Zarai Bank starts operation today
KARACHI, Dec 13: Zarai Taraqiati Bank (ZTB), the new name of Agriculture Development Bank of Pakistan (ADBP), will start countrywide operation from December 14....
Turkish help sought in KESC sell-off
ISLAMABAD Dec 13: Pakistan has sought to share Turkish expertise and cooperation in the process of privatization of Karachi Electric Supply Company (KESC)....
Trade with Germany improves
LAHORE, Dec 13: Minister Counsellor of Germany in Islamabad, Gunter Overfeld on Friday said the volume of trade between Pakistan and Germany had registered an increase of 3 per cent in...
Wheat bids reviewed
ISLAMABAD, Dec 13: Food, Agriculture and Livestock Minister Sardar Yar Mohammad Rind presided over an inter-ministerial meeting to evaluate the bids for export of wheat here on Friday....
Weaker markets may hit growth: IMF
WASHINGTON, Dec 13: Further plunges in shaky financial markets may undermine global economic growth, the International Monetary Fund warned in a report on Thursday....
Prices steady on cotton market
KARACHI, Dec 13: Trading activity on the cotton market on Friday maintained at the higher level as spinners were not inclined to take even a technical breather in the backdrop of...
TMA seeks removal of discrepancies: US Customs data
KARACHI, Dec 13: The Towel Manufacturers’ Association of Pakistan (TMA) has asked the government to take up the issue of discrepancies in the US Customs data in category 363 (towels) with...
Humayun to visit US next month
LAHORE, Dec 13: Federal Commerce Minister Humayun Akhtar Khan will visit the United States from January 27, 2003, to have talks with US officials on the issues like enhanced market access...
Karachi Port operations
KARACHI, Dec 13: Six ships including a car carrier with 304 units are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
Indian rupee firmer
MUMBAI, Dec 13: The rupee ended firmer on Friday, helped by dollar remittances from a large software company and drawing support from a broadly weaker overseas dollar, dealers said....
Japan to cut tariffs
TOKYO, Dec 13: The Japanese government has decided to expand tariff cuts on agricultural imports from developing nations under a scheme designed to assist their economic growth, a farm ministry official...
Dollar lower against euro
LONDON, Dec 13: The dollar sank across the board on Friday, sliding to its lowest level in almost three years against the euro amid rising geopolitical concerns, US equity market weakness...
Palm oil prices firm
KUALA LUMPUR, Dec 13: Crude palm oil (CPO) prices on Malaysia’s Derivatives Exchange broke new highs today and are expected to remain on an upswing in the coming week, dealers said...