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| February 20, 2003 | Thursday | Zul Hijjah 18, 1423 |
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PBCC hikes freight for Europe by 30 per cent
KARACHI, Feb 19: Freight for all cargo to the European continent will go up by around 30 per cent from March 1, according to an announcement of Pakistan, Bangladesh, Ceylon Conference... 
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Pakistan to cut short ATT negative list
ISLAMABAD, Feb 19: Pakistan has decided to relax Afghanistan Transit Trade (ATT) through significant reduction in the negative list of items to counter emerging India-Iran trade cooperation towards Afghanistan....
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Brokers’ attitude unbecoming, says SECP: Electronic bourse
ISLAMABAD, Feb 19: Acting Chairman, Securities and Exchange Commission, Mr Abdul Rehman Qureshi has taken a strong exception to the manner in which some brokers are attacking the SECP’s decision to...
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Russian team to discuss PS output
KARACHI, Feb 19: A Russian delegation is arriving in Pakistan to discuss increase in production capacity up to 1.5 million tons per annum from the current 1.1 million tons with the...
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TCP buys 18,000 tons sugar
KARACHI, Feb 19: Trading Corporation of Pakistan (TCP) on Wednesday procured 18,000 metric tons of sugar from 12 sugar mills at a price of Rs18,998 a ton....
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Selling in PSO halts stock market run-up
KARACHI, Feb 19: Stocks on Wednesday failed to extend the previous run-up as active selling in PSO followed by some negative reports from the pre-bid meeting about its sell-off triggered sympathetic...
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Rice Board set up
ISLAMABAD, Feb 19: The federal government has constituted a full-time 17-member Pakistan Rice Board (PRB) comprising senior government officials, growers, millers and exporters to enhance country’s rice export and help start...
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SBP signals banks to increase lending
KARACHI, Feb 19: The State Bank on Wednesday sent yet another signal to banks that they will have to find new borrowers and accommodate the existing ones quite liberally if they...
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PSO bidding on April 26
ISLAMABAD, Feb 19: The Privatization Commission has decided to disinvest Pakistan State Oil (PSO) on April 26....
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SME Bank to be revamped
ISLAMABAD, Feb 19: The government has decided to restructure the Small and Medium Enterprise (SME) Bank to make it a commercial bank to realize the full potential of the SME market....
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Oil prices
LONDON, Feb 19: IPE Brent crude oil futures recovered some of its losses on Wednesday as dealers anticipate lower oil inventories data from delayed weekly US data, while keeping an eye...
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GDP may surpass 4.5pc target, says Shaukat
LAHORE, Feb 19: The prime minister’s adviser on finance, Mr. Shaukat Aziz, says the GDP may grow at a higher than the target rate of 4.5 per cent for the current...
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Ginners rule cotton market
KARACHI, Feb 19: The price flare-up triggered by fears of a short crop continued for the fourth session on the cotton market on Wednesday as ginners remained in a firm control...
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CED on cement, wire, cable may go
KARACHI, Feb 19: Member Central Excise, Central Board of Revenue (CBR), Naseer Ahmed has said that the government is considering to exempt central excise duty on cement, wire and cable industry....
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PSF price hike: Aptma seeks govt intervention
LAHORE, Feb 19: The arbitrary increase of Rs10 per kg in the polyester staple fibre (PSF) rate by the manufacturers has pushed the textile industry to the brink of disaster....
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Taxcon 2003 tomorrow
KARACHI, Feb 19: The Income Tax Bar Association, Karachi (ITBAK), is holding a two day national tax conference 2003 (Taxcon - 2003) on Feb 21 to 22, where adviser to the...
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Intel to spend $2bn for plant upgradation
SAN JOSE, Feb 19: Intel Corp., the leading maker of microchips to power personal computers, said on Tuesday it would spend $2 billion to upgrade an Arizona plant with cutting-edge chip-making...
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Dollar lower against yen
LONDON, Feb 19: The dollar dropped on Wednesday, weighed down by growing uncertainty over the prospects for war in Iraq after a British press report said Britain was pressing Washington to...
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Karachi Port operations
KARACHI, Feb 19: Five ships carrying containers and high speed diesel and to load naphtha are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Release of Rs21.497m refund ordered
ISLAMABAD, Feb 19: The Federal Tax Ombudsman (FTO), Justice Saleem Akhtar, has directed the Central Board of Revenue (CBR) to release the total withheld refund of Rs21.497 million to a complainant...
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