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  DAWN - the Internet Edition



January 14, 2003 Tuesday Ziqa'ad 10, 1423

FXCM


Business


Shaukat eyes 6pc GDP growth by 2004: 5-year economic vision
ISLAMABAD, Jan 13: Prime Minister’s Adviser on Finance Shaukat Aziz on Monday unfolded a new five-year economic vision that seeks to further improve the economy and achieve 6 per cent GDP...
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Exporters make heavy forward selling
KARACHI, Jan 13: The State Bank made a net purchase of $1.145 billion from the inter-bank market in the first quarter of this fiscal year against only $28 million in the...
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Inflation shoots up in first half
ISLAMABAD, Jan 13: Consumer Price Index inflation shot up by 3.55 per cent during the first half of 2002-03, over the corresponding period of previous year, according to Summary Inflation Rates...
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Rising budget deficit expands domestic credit
ISLAMABAD, Jan 13: The increasing government budget deficit leads to excessive expansion in the domestic credit, which resulted in loss of foreign exchange reserves....
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Online trading
KARACHI, Jan 13: Online trading in Pakistan has one of the fastest inception rates in the world....
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KSE 100-share index declines by 15.49 points
KARACHI, Jan 13: Stocks on Monday partially reacted amid highly volatile fluctuations as a section of leading investors unloaded in part long positions in badla business but was well absorbed at...
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‘Sell-off stalled by hidden opponents’
ISLAMABAD, Jan 13: Abdul Hafeez Sheikh, Adviser to the Prime Minister on Investment and Privatization, speaking at the development economists’ seminar here on Monday, charged that the privatization in Pakistan was...
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Singapore offers joint ventures
KARACHI, Jan 13: Singapore traders have offered their cooperation and joint venture in construction, education, telecommunication, packaging, cable, chemicals and information technology sectors....
Complete Story


CBR to hold moot on e-commerce, taxation
KARACHI, Jan 13: The Central Board of Revenue (CBR) is planning to organize a national conference on e-commerce and taxation and will also solicit tax experts in formulating laws relating to...
Complete Story
Govt to conduct survey of sick units
ISLAMABAD, Jan 13: Industries and Production Minister Liaquat Ali Jatoi on Monday said a countrywide survey would be conducted for sick units and the viable units would be revived....
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World set for modest growth in 2003
BASEL, Jan 13: The world economy will see modest growth this year, Eddie George, governor of the Bank of England and spokesman for the G10 central bankers, said here on Monday,...
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Sellers, buyers locked in price war on cotton market
KARACHI, Jan 13: Physical activity on the cotton market remained relatively slow as both ginners and spinners took rigid positions resulting in a virtual price war....
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Seoul probes dumping by European shipyards
SEOUL, Jan 13: South Korea has launched a probe into allegations that European shipyards are subsidized to support prices in violation of trade rules, officials said on Monday....
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Karachi Port operations
KARACHI, Jan 13: Ten ships including a car carrier with 200 units and to load molasses expected to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Euro up against dollar
LONDON, Jan 13: The euro held to a narrow range against the dollar on Monday as the single currency attempted to consolidate on recent gains which on Friday saw it riding...
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Palm oil prices lower
KUALA LUMPUR, Jan 13: Malaysia’s palm oil futures slid lower at the close on Monday, lacking fresh impetus to move up after the Chicago soy market lost its footing last week,...
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Port Qasim
KARACHI, Jan 13: Three ships carrying iron ore, coal and containers arrived at the outer anchorage during the last 24 hours, says a PQA press release on Monday....
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Marketing congress from 20th
LAHORE, Jan 13: The Marketing Association of Pakistan (MAP) is organizing a two-day marketing congress — Marcon 2003 — starting on January 20....
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EFU managed growth fund
KARACHI, Jan 13: EFU Life Assurance Ltd announced that the Offer and Bid Prices for the insured units of its Managed Growth Fund effective from Monday are as follows:...
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TFC
KARACHI, Jan 13: The 2nd listed TFC issue by Security Leasing Corporation Limited is expected to be oversubscribed by more than 5 times. As per figures released to date, more than...
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