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| December 25, 2002 | Wednesday | Shawwal 20, 1423 |
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Asian Bank releases 2nd tranche of $20.9m: Microfinance sector
ISLAMABAD, Dec 24: The Asian Development Bank (ADB) on Tuesday disbursed $20.9 million for the ongoing Microfinance Sector Development Programme (MSDP).... 
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CKD buses exempted from customs duty
ISLAMABAD, Dec 24: The government on Tuesday exempted the buses in CKD condition from customs duty....
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Jan 27 last date for submitting questionnaire: EU proceedings
KARACHI, Dec 24: The Export Promotion Bureau (EPB) has advised the exporters of bedlinen to submit the questionnaires with the Director General for Trade, European Union, by January 27, 2003....
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SECP chief backs demutualization of bourses
KARACHI, Dec 24: The chairman, Securities and Exchange Commission of Pakistan (SECP), Khalid A. Mirza has urged managements of stock exchanges to seriously consider demutualization — the process of conversion from...
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Oil hits 15-month peak
LONDON, Dec 24: IPE Brent futures toyed with a new post-Sept 11 peak on Tuesday but closed with a slight loss in thin pre-holiday trade, with fears of war in Iraq...
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Saudi gas initiative
RIYADH, Dec 24: Saudi Arabia hopes to close within the next two months a deal with foreign oil majors over multi-billion-dollar gas projects stalled for more than a year, the country’s foreign minister said on Tuesday....
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ST refund process being streamlined
KARACHI, Dec 24: The sales tax refund process is being streamlined and delays are being minimized accordingly....
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Fruit storage facility
PESHAWAR, Dec 24: The Export Promotion Bureau, NWFP, will establish a fruit storage, processing/treatment and packaging facility in the Frontier province to increase export of fruits from the Frontier province....
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Raw material import allowed for TV sets
ISLAMABAD, Dec 24: The Central Board of Revenue (CBR) has allowed the importers that have no manufacturing facility to import raw materials and components used in manufacturing of television sets....
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12-month T-bill yield falls to 4.36pc
KARACHI, Dec 24: The State Bank of Pakistan (SBP) said the weighted average annual yield on 12-month treasury bills fell to 4.3597 per cent at an auction on Tuesday, from 6.8711...
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Circulation of accounts
ISLAMABAD, Dec 24: Securities and Exchange Commission of Pakistan (SECP) has relaxed the rules relating to circulation of accounts in view of the impediments faced by the listed companies following recent...
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KSE recovers 42 points on massive activity in Hubco
KARACHI, Dec 24: A massive activity of 160m shares in Hub-Power on Tuesday lifted the market from the overnight lower levels, signalling that the technical correction is overdone and the index...
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Euro pushes consumer prices up by 35pc
PARIS, Dec 24: French consumer association, Union Federale des Consommateurs, charges in the latest issue of its magazine that contrary to official accounts, consumer prices in France — and undoubtedly throughout...
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Prices remain stable on cotton market
KARACHI, Dec 24: Cotton prices on Tuesday remained stable as both buyers and sellers took a breather to have an overview of their respective inventories before opting for fresh deals....
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MCA accepts dues payment mode to associated co: Kohinoor Industries
ISLAMABAD, Dec 24: Monopoly Control Authority (MCA) has accepted the road-map for payment of Rs389.7 million dues by Kohinoor Industries Limited (KIL) to its associated company, Kohinoor Power Company Limited (KPCL)...
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SECP directive to Associated Hotels
ISLAMABAD, Dec 24: Securities and Exchange Commission of Pakistan (SECP) has directed the Associated Hotels of Pakistan Limited (AHPL) to redress by December 31 the grievance of their minority shareholders who...
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Karachi Port operations
KARACHI, Dec 24: Seven ships carrying general cargo, containers and crude oil are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Interest on Kuwaiti dinar
KUWAIT CITY, Dec 24: Kuwaiti banks have shown fear of a huge withdrawals if the Central Bank of Kuwait lowers, in one shot, interest on the Kuwaiti dinar by a half...
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Dollar hits four-year low
LONDON, Dec 24: The dollar extended losses in thin pre-holiday trade on Tuesday, setting a four-year low against the safe-haven Swiss franc as concerns of possible US-led action against Iraq kept...
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Palm oil prices
KUALA LUMPUR, Dec 24: Trade in Malaysian palm oil futures was almost still ahead of the Christmas holiday and the release of export estimates for December 1-25, dealers said....
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