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| February 15, 2003 | Saturday | Zul Hijjah 13, 1423 |
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First electronic bourse launched
ISLAMABAD, Feb 14: Securities and Exchange Commission of Pakistan announced on Friday the establishment, for the first time in Pakistan, of an Electronic Communication Network (ECN) as an automated trading system... 
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NWFP irrigation dept to collect abiana
PESHAWAR, Feb 14: The NWFP irrigation department, from now on, would collect water rate (abiana). Earlier the collection was the responsibility of the provincial Board of Revenue....
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Diversification to minimize investment risk
KARACHI, Feb 14: Individual investors need to diversify their investment to minimize investment risk in the absence of hedging devices like derivatives....
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CED collection from beverages, cigarettes falls
ISLAMABAD, Feb 14: The Central Board of Revenue (CBR) has yet to take concrete steps for arresting the constant decline in collection of Central Excise Duty (CED) on aerated beverages and...
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Oil prices slightly up
LONDON, Feb 14: IPE Brent crude oil futures closed out an indecisive session slightly higher on Friday after the chief UN weapons inspector delivered a mixed verdict on Baghdad’s cooperation with...
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WTO chief warns of gridlock in trade talks
TOKYO, Feb 14: The head of the World Trade Organization issued an urgent plea on Friday to ministers attending a “mini-ministerial” meeting here to show leadership to prevent the imminent gridlock...
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51pc shares in Jamshoro Power: EoIs invited
ISLAMABAD, Feb 14: Privatization Commission (PC) on Friday offered its 51 per cent interest in Jamshoro Power Company (JPC) including the transfer of management control to qualified strategic investors....
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IMF mission coming tomorrow
ISLAMABAD, Feb 14: A high-level International Monetary Fund’s (IMF) technical mission is scheduled to arrive here on Sunday to review the process of the customs administration reform plan....
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Ishrat on hydel power
KARACHI, Feb 14: State Bank Governor Dr Ishrat Husain says a major obstacle inhibiting investment in industries is high cost of electricity mainly due to dependence on oil for power generation....
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CBR plans tax registration offices
ISLAMABAD, Feb 14: The Central Board of Revenue (CBR) has decided to establish tax registration offices in various cities as part of the re-structuring of tax administration....
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Snow defends Bush economic programme
WASHINGTON, Feb 14: Treasury Secretary John Snow said on Thursday that President George W. Bush’s proposal for $1.3 trillion worth of tax cuts would give the US economy a quick boost...
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Cotton market rules firm
KARACHI, Feb 14: The cotton market reopened on a firm note as the post-Eid holiday session witnessed more buyers than sellers sans physical business in the absence of leading brokers....
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US industrial output rises by 0.7pc in Jan
WASHINGTON, Feb 14: US industrial output posted a stronger-than-expected rebound in January, boosted by renewed auto production, the Federal Reserve said in a report on Friday....
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Japan’s economy grows
TOKYO, Feb 14: Japan defied expectations on Friday by announcing the economy continued to grow through to the end of last year on resilient private spending and rising exports....
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Oil, gas in Lebanon
BEIRUT, Feb 14: Lebanon may have natural gas or oil, according to a 2002 seismic survey carried out on its offshore territorial waters by the British experts, Spectrum....
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Euro falls back vs dollar
LONDON, Feb 14: The euro fell back against the dollar and yen Friday as the United Nations’ chief weapons inspector Hans Blix presented a key report on Iraq’s alleged weapons of...
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Oil prices lead to China’s first trade deficit
SHANGHAI, Feb 14: Rising global oil prices and heavy government spending contributed to China’s first trade deficit in more than six years in January, analysts said on Friday....
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Bank of Japan maintains monetary policy
TOKYO, Feb 14: The Bank of Japan (BoJ) on Friday ignored growing political pressure to adopt fresh measures to fight sliding prices, opting instead to leave monetary policy unchanged after a...
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HK bankruptcies soar 20 per cent
HONG KONG, Feb 14: Hong Kong’s personal bankruptcies in January soared 20.1 per cent from the month before to a record 3,193 amid the economic downturn, government figures showed on Friday....
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Indian IRS rise on clouded interest rate outlook
MUMBAI, Feb 14: Indian interest rate swaps (IRS) ended higher on Friday, with the market worried that inflation could spurt and the rupee weaken amid rising global oil prices, which hit...
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