July-December Revenue Collection touches Rs200bn
KARACHI, Jan 4: Giving out some latest data on the economy at the press briefing at the Karachi Stock Exchange on Saturday, Shaukat Aziz, adviser to the PM on finance and...
Export plan to focus on US, China
KARACHI, Jan 4: The Export Promotion Bureau is drawing up an export development strategy which focuses mainly on the US and China and about a dozen items to push up Pakistan’s...
Exchange companies delay operations
KARACHI, Jan 4: Foreign exchange companies may not be able to make an early start of their business for they do not expect a break-even earning at the moment....
Shaukat credits boom in KSE to reforms
KARACHI, Jan 4: Shaukat Aziz has said that turnaround in the country’s economy resulting from the economic reforms of the government and the ground-breaking regulatory measures in the capital markets, were...
Anti-cigarette smuggling drive
ISLAMABAD, Jan 4: The tax authorities have decided to launch a country-wide drive against the smuggling of foreign branded cigarettes that is causing millions of loss to the national kitty....
Poultry price surges by Rs6 per kg
KARACHI, Jan 4: Price of poultry live bird has increased by Rs6 to Rs66 from Rs 60 per kg in just three days. The increase was attributed to shortage of birds...
Phutti arrival stands at 2.018m bales
KARACHI, Jan 4: Higher phutti arrival during last month (Dec 2002) has once again brightened the prospects of achieving the target of over 10.5 million cotton bales....
An emerging market awash with liquidity: CORPORATE FOCUS
KARACHI, Jan 4: What is the future for a developing economy and an emerging market awash with liquidity? Is the economy poised for a take-off towards higher growth as perceived by...
$7.8 billion Oman budget for 2003
MUSCAT, Jan 4: Oman’s economy minister confirmed on Saturday the country had set a $7.8 billion budget for 2003 carrying a deficit of 400 million rials, and said he expected a...
Monetary policy should have ‘anchor’:Fed
WASHINGTON, Jan 4: Federal Reserve Governor Edward Gramlich on Saturday said monetary policy needs an “anchor” or long-term strategy but he stopped short of joining some of his colleagues who have...
Oil prices rise 4pc on fears of US supply crisis
NEW YORK, Jan 4: Oil prices jumped another dollar Friday on fears that a strike in exporter Venezuela would spark a supply crisis in the United States, where stockpiles are dwindling...
US trade pact with S. Korea boosting farm exports
WASHINGTON, Jan 4: US farmers would be the biggest beneficiaries of a free trade agreement with South Korea, but the American textile industry could take a hit, a US government analyst...
US economy to dominate agenda for new Congress
WASHINGTON, Jan 4: The new Republican-controlled Congress convenes next week facing a backlog of spending bills, unemployment issues and a push by President George W. Bush for a new round of...
‘G7 to discuss deflation at Paris meeting’
TOKYO, Jan 4: Top financial leaders of the Group of Seven industrial nations are likely to discuss deflation at a meeting to be held next month in Paris, Kyodo news agency...
Broaddus suggests Fed to adopt inflation target
WASHINGTON, Jan 4: Richmond Federal Reserve Bank President Alfred Broaddus on Friday said he would like the Federal Reserve to adopt an explicit inflation target to cement the progress it has...
Cotton market gives mixed reaction: PCGA figures
KARACHI, Jan 4: Cotton market on Saturday gave a mixed reaction to the latest arrival figures of phutti into the ginneries, showing a sharp increase of 11.25 per cent over the...
Seminar on dumping law from 15th
ISLAMABAD, Jan 4: National Tariff Commission has arranged a two- day seminar on “anti-dumping law and procedures” in its office in Islamabad to create awareness among the industrialists about the WTO...
Oil prices see-saw as Venezuela strike bites
LONDON, Jan 4: Most commodities markets had a quiet start to 2003 in holiday trading this week, though oil prices had a bumpy ride as worries about the impact of a...