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| February 6, 2003 | Thursday | Zul Hijjah 4,1423 |
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Oil price surge not in Opec control
FRANKFURT, Feb 5: The current rise in oil prices is outside the control of Opec, the organisation’s secretary general Alvaro Silva Calderon said in a magazine interview released on Wednesday.... 
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SC reserves judgment in Fecto case
ISLAMABAD, Feb 5: The Supreme Court on Tuesday reserved its judgment on the petition of Fecto Belarus, which demanded that as an interim measure Rs480 million should be paid, and if...
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Margin financing on KSE by July
ISLAMABAD, Feb 5: The Securities and Exchange Commission of Pakistan said on Wednesday it aimed to replace traditional carry-over trade (COT) financing, which accounts for almost all trading, with margin financing...
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Rs38.615bn refunded in July-Jan
ISLAMABAD, Feb 5: The Central Board of Revenue (CBR) has paid Rs38.615 billion refund/ rebate to exporters during July-Jan 2002-03 against Rs45.371 billion during the same period last year, showing a...
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US to hit $6.4tr debt ceiling
WASHINGTON, Feb 5: The US government will hit the $6.4 trillion national debt ceiling on or about February 20, the Treasury said on Wednesday....
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Rice board to be finalized on 19th
ISLAMABAD, Feb 5: A meeting has been convened on February 19 in the commerce ministry to finalize the setting up of Pakistan Rice Board (PRB), an official source has said....
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FTO seeks proposals
ISLAMABAD, Feb 5: The Federal Tax Ombudsman (FTO) will soon seek suggestions, comments and proposals from the stakeholders to identify irritants in tax laws administration....
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Japan economy to expand slowly
TOKYO, Feb 5: Japan’s forward looking index of economic activity for December was positive for the second straight month, suggesting the economy will expand slowly, official data showed on Wednesday....
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Deficits to speed up growth: US Treasury
WASHINGTON, Feb 5: US Treasury Secretary John Snow on Wednesday said he had been a “hawk” on deficits in the past but believed they were necessary now to spur faster economic...
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BD to set up emergency fuel reserve
DHAKA, Feb 5: Bangladesh, which is heavily dependent on oil imports, is arranging an emergency reserve in case of war in Iraq, Finance Minister Saifur Rahman said....
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$ recovers
LONDON, Feb 5: The dollar enjoyed a sharp recovery in late London trading Wednesday after earlier hitting its lowest level in almost four years against the euro, analysts said....
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EU to set up two new regulating bodies
FRANKFURT, Feb 5: The European Union will set up two new watchdog bodies to draw up rules for banks and insurers, possibly in the next few weeks, sidelining the European Central...
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European stock markets up
LONDON, Feb 5: European shares firmed on Wednesday afternoon as investors bet that war against Iraq would happen soon, as US Secretary of State Colin Powell showed what he described as...
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German jobless rate surges to five-year high
FRANKFURT, Feb 5: In an already bad week for Chancellor Gerhard Schroeder, new data on Wednesday showed a surge in German unemployment to a five-year high in January, dealing another heavy...
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Malaysia’s trade surplus shrinks 5.9 per cent
KUALA LUMPUR, Feb 5: Malaysia’s trade surplus fell 5.9 per cent last year to 50.9 billion ringgit (13.4 billion dollars) as the growth of imports outstripped rising exports, the government said....
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US stocks rise on Powell remarks
NEW YORK, Feb 5: Stocks rose on Wednesday as US Secretary of State Colin Powell tried to rally global support for disarming Iraq by offering evidence the United States said shows...
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Palm oil prices steady in slow trade
KUALA LUMPUR, Feb 5: Malaysian palm oil futures closed firmer in slow trade on Wednesday with many players still on holiday and a lack of fresh leads keeping a lid on...
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LG net profit falls by 1.9 per cent
SEOUL, Feb 5: LG Electronics Inc. said on Wednesday its net profit fell 1.9 per cent last year due to losses from investments in subsidiaries and the advance booking of bonus...
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Toyota to build sixth plant in US
TOKYO, Feb 5: Toyota Motor Corp, Japan’s biggest automaker, said on Wednesday it would build a sixth North American vehicle plant in San Antonio, Texas, with an eye to boosting its...
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US services sector expands
NEW YORK, Feb 5: The US services sector, which accounts for the bulk of the overall economy, expanded for the 12th straight month in January, a report said on Wednesday....
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