EU dumping duties against WTO rules
ISLAMABAD, Feb 28: Pakistan has told the World Trade Organisation (WTO) that it should not expect from it 100 per cent reciprocity in terms of duty rationalizations....
Pakistan, China sign agreement: Coal-fired power plant
BEIJING, Feb 28: China and Pakistan signed an agreement here to establish two coal-based 600-megawatt power plants in Sindh. Sindh Chief Secretary K.B Rind signed the agreement, which lays down necessary...
89pc cos AGM on time, says SECP
KARACHI, Feb 28: The Securities and Exchange Commission of Pakistan (SECP) said that nearly 89 per cent of the 617 companies that it monitored for timely holding of Annual General Meetings...
US offers $30bn textile package to Turkey
KARACHI, Feb 28: The US has offered $30 billion package of textile trade concessions to Turkey in return for allowing the US troops to attack Iraq from its soil....
Smeda, SME Bank, PCSIR under one roof sought
KARACHI, Feb 28: Small and medium enterprises have urged the Ministry of Industries and Production to bring the working of Small and Medium Enterprises Development Authority (Smeda), the SME Bank and...
PS expansion plan
KARACHI, Feb 28: Secretary Ministry of Industries and Production, Dr Akram Shaikh has asked the Pakistan Steel to expedite the implementation of the first phase of expansion plan to take production...
India cuts duty on gold, gem imports
NEW DELHI, Feb 28: India reduced custom duties on imports of gold and raw gem stones in its 2003-04 budget on Friday, a move industry officials said would boost jewellery exports...
New KCCI chief for integrated policy: Industrialization
KARACHI, Feb 28: Mian Nasser Hyatt Maggo has been elected as new president of the Karachi Chamber of Commerce and Industry (KCCI) for the remaining period of 2002-03, in the managing...
Orascom plans more investment in Pakistan
ISLAMABAD, Feb 28: An important economic delegation from Egypt is due in Islamabad next week to explore possibilities of expanding Egyptian investments in Pakistan, mainly in the fields of telecommunication, information...
Two leasing companies merger approved
KARACHI, Feb 28: At recently held extraordinary general meetings of Capital Assets Leasing Corporation Limited (Calcorp) and International Multi Leasing Corporation Limited (IML) shareholders in both companies approved the merger between...
KSE 100-share index recovers 42.67 points
KARACHI, Feb 28: Stocks on Friday recovered from the recent lows boosted by perceptions of higher dividend yields in the backdrop of encouraging interim and final working results being announced daily...
Market access strategy for non-farm export
ISLAMABAD, Feb 28: The government will soon formulate a comprehensive market access strategy for increasing the share of non-agriculture export in the total exports of the country, an official source told...
BoK consumer finance scheme
PESHAWAR, Feb 28: The Bank of Khyber (BoK) has introduced consumer finance scheme (CFS) by offering large variety of electric appliances at easy instalments....
Cotton market lacks lustre
KARACHI, Feb 28: Physical activity on the cotton market on Friday partly slowed down as both mills and spinners took a technical breather after having made panic buying during the last...
Karachi Port operations
KARACHI, Feb 28: Five ships carrying DAP fertilizer, chemicals and containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
Acquisition
MUMBAI and new york, Feb 28: Marico Industries Ltd, one of India’s leading consumer products companies, announced on Wednesday that it had acquired a controlling equity interest in Sundari LLC, the...
Rating
LAHORE, Feb 28: The Pakistan Credit Rating Agency has upgraded the long-term entity rating of ORIX Leasing Pakistan Ltd to “AA” (double A) while maintaining the short-term rating at “A1+” (single...
Seminar
KARACHI, Feb 28: The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) conducted a seminar on “Information Technology (IT) Risk Assessment and Management” earlier this week....
Japan intervention news boosts euro, dollar vs yen
LONDON, Feb 28: The dollar advanced on the yen but lost ground versus the euro on Friday after Japan’s ministry of finance said it had intervened a few times this month...
Palm oil prices lower
KUALA LUMPUR, Feb 28: Malaysia’s crude palm oil futures fell across the board on Friday, hit by India’s decision to leave customs duties of edible oil unchanged in its budget, and...