Karachi Port reduces wet charges
KARACHI, Jan 10: The Karachi Port has reduced wet charges in the range of 15 per cent to be effective from Wednesday (Jan 15, 2003). This reduction will significantly reduce the...
Gold surges to Rs6,700
KARACHI, Jan 10: Local gold prices have touched the highest mark of the current year to Rs6,700 per 10 grams, breaking the last year’s all time high record of Rs6,635 per...
LTU conflict resolution body set up
KARACHI, Jan 10: The Director General of Large Taxpayers Unit (LTU) Jamil Akhtar on Friday set up an eight-member committee to look into the issues confronting the insurance sector in its...
Heimtextil gets under way
FRANKFURT, Jan 10: The largest home textile show Heimtextil began here on Wednesday where a record number of Pakistani companies are displaying a wide variety of products....
Textiles import up by 30pc in 1st half
ISLAMABAD, Jan 10: The imports of intermediate/semi-finished goods and some kinds of machinery have depicted rising trend during the first half of 2002-03, according to foreign trade data collected by the...
No let-up in bulls run-up on stock market
KARACHI, Jan 10: Stocks on Friday finished with an extended gain as investors were not inclined to miss the rising market followed by predictions of higher dividend by most of the...
SSGC increases supply
KARACHI, Jan 10: The Sui Southern Gas Company Limited (SSGCL) has managed to supply 40 mmcfd in its distribution system from the newly-commissioned Bhit gas field, operated by Eni Lasmo Pakistan,...
Talks with Lamy fruitful: Humayun: Bedlinen dumping
FRANKFURT, Jan 10: Commerce Minister Humayun Akhtar Khan has expressed the hope that European Union (EU) will not impose anti-dumping duty on Pakistan bedlinen....
Trade deficit
LONDON, Jan 10: The British trade deficit was driven up to a new record high in November by dwindling exports, particularly crude oil shipments to the United States, official figures showed...
Rs585.5m Wapda dues against NWFP deducted at source
PESHAWAR, Jan 10: The Federal Government deducted at source Rs585.5m from the NWFP government share in the 2001-02 financial year on account of Wapda arrears. The Authority claims the dues were...
10 insurance cos still barred from doing fresh business
ISLAMABAD, Jan 10: The insurance companies, which were prohibited from undertaking any insurance business with effect from January 1, 2003, will continue to be responsible for the insurance business already underwritten...
Exporters active buyers on cotton market
KARACHI, Jan 10: Physical activity on the cotton market on Friday showed a sizable expansion as spinners covered positions against their forward sales of cotton yarn....
Bourses asked to expand retail network
ISLAMABAD, Jan 10: The chairman, Securities and Exchange Commission of Pakistan, Khalid A. Mirza has advised the independent managements of stock exchanges to perform their regulatory function more efficiently....
Drawback on cotton made-ups revised
ISLAMABAD, Jan 10: The Central Board of Revenue (CBR) has revised the rates of duty drawback on export of various kinds of polyester cotton made-ups....
Karachi Port operations
KARACHI, Jan 10: Two ships carrying containers and general commodities are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
FTO takes notice of illegal tax collection
ISLAMABAD, Jan 10: The tax authorities are collecting taxes and duties at Shergarh on Mardan-Malakand road in NWFP in violation of Customs Act, 1969....
Ishrat visits ABAMCO
KARACHI, Jan 10: Governor State Bank, Dr Ishrat Hussain, and Chairman of Securities and Exchange Commission of Pakistan (SECP), Khalid A. Mirza, have lauded the role played by ABAMCO towards the...
Issuance of visas
KARACHI, Jan 10: Pakistan Hosiery Manufacturers Association (PHMA) has urged the Export Promotion Bureau (EPB) to only allow issuance of visas from FCFS quota in those categories where utilization for 2002...
Russian oil boom
MOSCOW, Jan 10: Russian oil production has returned to levels not seen for a decade and crude exports last year beat all records, but Moscow’s ability to contribute to a lowering...
China trade volume rises
BEIJING, Jan 10: China’s trade volume rose by a fifth in 2002 compared with the previous year, with exports increasing 22.3 per cent, state media said on Friday, citing official statistics....