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| December 29, 2002 | Sunday | Shawwal 24, 1423 |
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Exporters to get 25pc subsidy from Jan 1
KARACHI, Dec 28: Commerce Minister Humayun Akhtar Khan has said that the government will provide 25 per cent freight subsidy to exporters from January 1, 2003.... 
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Rs50, 100 notes find way to Kabul
KARACHI, Dec 28: Pakistani currency notes of 100 and 50 denominations are going into Afghanistan unhindered, and in millions everyday, creating an acute shortage in the local market....
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Low fish catch pushes prices up
KARACHI, Dec 28: Fish catch in Pakistan sea waters is on fast decline creating shortages and pushing up prices to new levels this winter, a market survey revealed....
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Banks cut lending rates
KARACHI, Dec 28: Individual slashing of lending rates by many banks in November has brought down the weighted average lending rate of all the banks combined from 11.48 per cent at...
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SPI shows slight decline
ISLAMABAD, Dec 28: Sensitive Price Indicator (SPI) registered a slight decline of 0.08 per cent during the week ending December 26 from previous week, according to weekly statement of Federal Bureau...
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Interest rate reforms to continue
KARACHI, Dec 28: Dr Ishrat Husain, Governor, State Bank of Pakistan has said that interest rate reforms would continue, which could allow strong liquidity flows to the stock markets during 2003....
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$1 trillion Arab funds invested in West
DUBAI, Dec 28: A financial expert believes around $1 trillion of Arab funds that are invested in the West or outside the Arab world in form of securities, bank deposits and...
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ATT import value up by 148pc
ISLAMABAD, Dec 28: The import value of Afghan Transit Trade (ATT) surged by more than 148 per cent during the July-November period of the current financial year over the corresponding period...
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Govt to finance KESC action plan
Karachi, Dec 28: The government has agreed to finance, through budget funding, the Rs13.349 billion Karachi Electric Supply corporation action plan aimed at bringing about improvement in electricity transmission and distribution...
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LSE elections
LAHORE, Dec 28: The ruling group in the Lahore Stock Exchange on Saturday swept the elections as all of its five candidates elected as LSE member directors for the year 2003....
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Iran offers joint ventures in oil, gas
KARACHI, Dec 28: Leader of Iranian trade delegation Dr Freydoun Entezari said on Saturday that Iranian businessmen were eager to have joint ventures in oil and gas sector of Pakistan....
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Duisenberg says ECB flexible on interest rates
BERLIN, Dec 28: The European Central Bank does not rule out further interest rate cuts but remains focused on stability and continuity, European Central Bank President Wim Duisenberg told a German...
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New York cotton futures firmer
NEW YORK, Dec 28: NY cotton futures settled with small gains Friday on thin speculative interest, with more sideways action predicted ahead of the New Year holidays next week....
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Dollar falls to lows vs euro
NEW YORK, Dec 28: The dollar fell to its lowest level against the euro since November 1999 and slid versus most other major currencies on Friday on heightened worries about North...
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Japan’s FM vows to curb public investment
TOKYO, Dec 28: Japanese Finance Minister Masajuro Shiokawa vowed on Saturday to continue to curb public investment beyond next year in an effort to offset the country’s massive government deficit....
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Italy’s economy eroded by poor politics: Monti
ROME, Dec 28: Italy’s economy is slowly crumbling under the weight of flawed politics that have failed to mature, EU Competition Commissioner Mario Monti said in an interview published on Saturday....
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UNDP backs global compact system: Corporate governance
ISLAMABAD, Dec 28: Managements of private companies must realise that implementing good corporate governance is a win-win game as it promotes accountability within a corporate entity and benefits both the micro...
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Cotton market remains steady
KARACHI, Dec 28: Lower production estimates of official cotton assessment committee have sent shock waves in cotton market where ginners once again preferred to hold back their stocks in anticipation of...
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Prgmea urges Humayun to take up tariff: US visit
KARACHI, Dec 28: Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has urged the commerce minister Humayun Akhtar to take up tariff issue with the US during his forthcoming talks....
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MCA rejects EBM complaint
ISLAMABAD, Dec 28: The Monopoly Control Authority (MCA) has rejected the complaint filed by English Biscuits Manufacturers (Pvt) Limited (EBM) which alleged that Danone Group of France and its associated companies...
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