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| February 28, 2003 | Friday | Zul Hijjah 26, 1423 |
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Pakistan wants WTO rules amended: Anti-dumping law
ISLAMABAD, Feb 27: Pakistan has sought amendments in the World Trade Organization (WTO) rules so that developed nations do not use anti-dumping laws against its textile exports. Commerce Minister Humayun Akhtar... 
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Oil prices 12-year high at $40
LONDON, Feb 27: Oil prices rocketed up to almost $40 a barrel in New York on Thursday for the first time since the 1990-91 Gulf War as anxieties grew about a...
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Exchange cos fail to attract remittances
KARACHI, Feb 27: The two foreign exchange companies that have so far become operational are unable to attract home remittances....
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Yarn price hike hits export contracts
KARACHI, Feb 27: Export contracts worth millions of dollars are in jeopardy owing to sudden hike in yarn prices in the domestic market. There are fears that many exporters may run...
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PTCL profit grows by 16.5 per cent
KARACHI, Feb 27: Pakistan Telecommunication Company Limited (PTCL) has reported 16.5 per cent growth in after-tax profit for the six months ended December 31, 2002 to Rs9.90 billion, from Rs8.50 billion...
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Cabinet okays investor desk
ISLAMABAD, Feb 27: “One-Desk Facilitation Service” would start functioning at all the four international airports within next couple of weeks. The desk would facilitate and coordinate the visits of foreign investors...
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ICI declares profit at Rs1.85bn
KARACHI, Feb 27: ICI Pakistan Limited on Thursday announced after-tax profit at Rs1.85 billion for the financial year ended December 31, 2002. The Board also declared cash dividend at Rs2.25 per...
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Export loans become cheaper
KARACHI, Feb 27: Exporters will get export loans at a maximum 5 per cent in March 2003 as the State Bank has lowered its export refinance rate by another half a...
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Gold price falls
LONDON, Feb 27: Gold fell into negative territory in European trading on Thursday, pressured by a firmer dollar and gains on Wall Street....
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World wheat output
LONDON, Feb 27: The International Grains Council’s forecast of recovering world wheat production in 2003 slipped slightly, due mainly to a cut in its projections for the US wheat crop....
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KSE 100-share index downslide continues unabated
KARACHI, Feb 27: Despite positive dividend announcements and higher corporate earnings, stocks on Thursday failed to lure investors back in the market as fears about the US and allied attack on...
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PMDC offers salt mine for oil reserves
ISLAMABAD, Feb 27: Pakistan Mineral Development Corporation (PMDC) has asked the government to use 110 sq. kilometre of one of its underground salt mines for keeping country’s strategic oil reserves or...
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Cotton prices stay firm above Rs2,500
KARACHI, Feb 27: Cotton prices on Thursday stayed firm above Rs2,500 per maund as spinners continued to build up long positions around these levels amid predictions of a short crop of...
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Errors in audit of IT cases
ISLAMABAD, Feb 27: The tax authorities have detected common mistakes in the audit of income tax cases resulting in loss to national exchequer....
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Karachi Port operations
KARACHI, Feb 27: Eight ships carrying crude oil, containers and coal are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Efforts on to restart citrus export to Iran
KARACHI, Feb 27: Pakistan Apples and Citrus Export Board (PACEB) on Thursday said efforts were under way to restart citrus export to Iran, once a largest market for the Pakistani fruit....
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Euro-zone money supply picks up in Jan
FRANKFURT, Feb 27: Growth of the euro-zone money supply, which the European Central Bank views as a key indicator of future inflation, picked up unexpectedly in January, data published by the...
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NWFP govt sets up ‘WTO unit’
PESHAWAR, Feb 27: The agriculture department, NWFP, has set up a ‘WTO Unit’ in its planning cell to organize the agriculture sector of the province to meet the challenges of the...
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World sugar output
LONDON, Feb 27: World sugar output is seen falling in 2003-04 and tight supplies are expected to be exacerbated by lower EU plantings and more cane being diverted into alcohol in...
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Palm oil prices
KUALA LUMPUR, Feb 27: Malaysia’s palm oil futures were unchanged on Thursday with trade stilled ahead of India’s budget presentation, which is expected to result in cuts on customs duties for...
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