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| December 21, 2002 | Saturday | Shawwal 16, 1423 |
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Anti-money laundering unit set up at SECP
ISLAMABAD, Dec 20: The Securities and Exchange Commission of Pakistan (SECP) has set up an anti-money laundering unit with the technical assistance of World Bank. The unit will examine all the... 
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Fuel oil off-take falls by 11.57pc in July-Oct: Conversion to gas, coal
KARACHI, Dec 20: A decline of 11.57 per cent in consumption of furnace oil in the first four months of 2002-2003 has caused a slight fall of 1.3 per cent in...
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World Bank for democracy-driven reforms
KARACHI, Dec 20: The World Bank has come out with a new vision of a democracy-driven reforms for Pakistan. The WB visualizes the success of future reforms that is linked to...
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Taxation treaty with Iran yet to be enforced
ISLAMABAD, Dec 20: The Islamic Republic of Iran is likely to consider for implementation the much awaited convention for avoidance of double taxation and prevention of fiscal evasion in respect of...
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KSE top companies award
KARACHI, Dec 20: Karachi Stock Exchange on Friday announced names of 25 top companies selected for the year 2001 award....
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War clouds overshadow US outlook despite 4pc growth
WASHINGTON, Dec 20: The United States confirmed on Friday the economy grew at a 4-per cent pace in the third quarter, but analysts said deep concerns now overshadow the outlook as...
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Saindak to start production in May
BEIJING, Dec 20: Saindak copper-gold project in Balochistan is likely to start production in May next year....
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Customs export dept to stay open in holidays
KARACHI, Dec 20: The collectorate of customs (exports) has made extensive arrangements to keep all the exporting stations of the collectorate open during holidays: December 22 (Sunday), December 25 (public holi-day),...
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Double taxation
ISLAMABAD, Dec 20: The government on Friday notified a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income between Pakistan and...
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REAP urges Kenya to cut import duty
KARACHI, Dec 20: The Rice Exporters Association of Pakistan (REAP) has urged Kenya to lower import duty on Pakistani rice from 35 per cent to zero rate....
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Stocks show modest decline of 10.44 points
KARACHI, Dec 20: Stocks finished the weekend session on a mixed note as both PTCL and Hub-Power came in for active selling at the inflated levels, although the broader market performed...
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Arab states warn against panic in oil market
CAIRO, Dec 20: Arab oil states, including Saudi Arabia, warned here on Friday against panic in the markets amid jitters over a possible war against Iraq and unrest in Venezuela....
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Cotton prices ease further
KARACHI, Dec 20: Cotton prices eased further on the cotton market on Friday as mill demand failed to pick up owing partly to technical and and partly to quality reasons. For...
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Rwanda keen to improve trade ties
KARACHI, Dec 20: The trade ties between Pakistan and Rwanda can be cemented further by increasing the mutual trades, leader of trade delegation from Rwanda Ms Dorein said here on Friday....
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Women’s leadership forum
KARACHI, Dec 20: Pakistan’s First Women’s Leadership Forum — a full-day workshop for businesswomen and entrepreneurs — organized by World-Wide Group on Friday at Sindh Governor House here was “an instant...
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China trade to surpass $620bn mark
BEIJING, Dec 20: China’s foreign trade is expected to surpass $620 billion for 2002, while foreign investment for the year will reach 50 billion dollars, a leading trade official said on...
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LSE launches new index
LAHORE, Dec 20: Lahore Stock Exchange launched its new index on Friday which would be known as LSE-25 Index and will replace the LSE-101 Index....
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Dollar closes weak
LONDON, Dec 20: The dollar remained weak against other major currencies on Friday as prospects grew of a war against Iraq, though expectations that Washington would not act immediately helped calm...
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Palm oil prices lower
KUALA LUMPUR, Dec 20: Malaysian palm oil futures ended down but off lows after a drop in latest export estimates from cargo surveyor SGS did little to hurt a market glowing...
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‘No risk of deflation in Germany’
LISBON, Dec 20: There is no risk of deflation, the fall in prices over an extended period, in Germany “for the moment”, European Central Bank vice-president Eugenio Domingo Solans said in...
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