|
| February 16, 2003 | Sunday | Zul Hijjah 14, 1423 |
|
Commodity financing rate cut to 9.5 per cent
KARACHI, Feb 15: The State Bank has finally lowered the markup on commodity operations from 12 to 9.5 per cent. The new rate will be effective retrospectively from February 1, 2003.... 
|
|
Money changers stopped from currency export
KARACHI, Feb 15: The two exchange companies have finally got the State Bank permission to export non-dollar currencies and money changers have been asked to stop currency export business after February...
|
|
||
|
SECP proposes amendments in rules
KARACHI, Feb 15: The Securities and Exchange Commission of Pakistan (SECP) has submitted a draft proposal to the Ministry of Finance seeking replacement of the Investment Companies & Investment Advisors Rules,...
|
|
SBP guidelines for mobile banking
KARACHI, Feb 15: The State Bank of Pakistan has prepared guidelines for the Microfinance Banks/Institutions for undertaking mobile banking operations to reduce cost and increase outreach of microfinance services....
|
|
|
||
|
Iraq war fear hits molasses export
KARACHI, Feb 15: ‘High alert’ and preference being given to quick and rapid unloading of POL products on fear of Iraq war has hit the molasses exports, official sources have said....
|
|
Wake-up call for regional cooperation
KARACHI, Feb 15: The threat of war in the Middle East is a wake-up call to the Muslim states to mobilize, individually and collectively, the current massive inflow of money and...
|
|
|
||
|
Finished goods export up by 18.5pc
ISLAMABAD, Feb 15: Exports of finished products surged by 18.55 per cent during the period July-January, 2002-03, over the corresponding period of previous year, according to provisional foreign trade figures compiled...
|
|
Sales tax collection up 13pc
ISLAMABAD, Feb 15: The collection of domestic sales tax from 10 major revenue spinners have registered 13 per cent growth during the first half year of the current financial year over...
|
|
|
||
|
No need for extra Opec oil supply, says Khatami
ASSALUYEH, Feb 15: Iran’s President Mohammad Khatami on Saturday said Opec does not need to raise oil production levels to cool soaring oil prices....
|
|
Gold stumbles after Blix UN speech on Iraq
NEW YORK, Feb 15: Gold slumped in a shortened New York session on Friday after chief United Nations arms inspector Hans Blix, in a widely watched speech, undermined some US arguments...
|
|
|
||
|
‘USDA’s Brazil soyabean crop estimate too high’
SAO PAULO, Feb 15: The US Department of Agriculture’s upwards revision of its Brazilian soyabean crop forecast was exaggerated, local analysts and traders said....
|
|
New York sugar finishes higher
NEW YORK, Feb 15: CSCE raw sugar futures closed higher Friday on buying by the trade and small speculators as the market broke a three-day losing streak ahead of a holiday...
|
|
|
||
|
German FM denies report of tax cuts
BERLIN, Feb 15: The German Finance Ministry on Saturday denied a media report that the government was planning to bring forward tax cuts originally planned for 2005 to 2004....
|
|
NY cotton futures up
NEW YORK, Feb 15: NY cotton futures crawled to a steadier finish Friday as spread trade continued to be the main feature of market activity in front of a holiday weekend....
|
|
|
||
|
Deadlock in WTO agriculture reform talks
TOKYO, Feb 15: Ministers from more than 20 countries failed to bridge bitter divisions on key agricultural trade reform on Saturday, sending a WTO blueprint back to the drawing board as...
|
|
US auto group promises to improve SUV safety
WASHINGTON, Feb 15: Automakers, facing possible new regulation, said on Friday they would work together to reduce fatalities and injuries in crashes involving sport utility vehicles and cars....
|
|
|
||
|
US board panels facing mandatory reflection
NEW YORK, Feb 15: Corporate boards will soon be getting in touch with their “inner selves” as they start the process of evaluating key board committees as required under tighter standards...
|
|
Venezuela to offer giant oil field to partners
CARACAS, Feb 15: Venezuela’s President Hugo Chavez said on Friday that he would invite foreign partners to bid on exploring a giant oil field in the country’s western Lake Maracaibo region....
|
|
|
||
|
Oil prices hit two-year high on Iraq war fears
LONDON, Feb 15: Oil prices rode up to their highest level in more than two years this week as a key report by chief UN weapons inspectors did lit tle to...
|
|
SECP disposes of 186 out of 694 complaints
KARACHI, Feb 15: The Securities and Exchange Commission of Pakistan (SECP) received 292 complaints made by small investors and 402 complaints by small shareholders against listed securities during July-June 2001-02....
|
