Low Graphics Site

March 6, 2003 Thursday Muharram 2, 1424 Wapda to install 4,500 tubewells ISLAMABAD, March 5: The government on Wednesday announced to energise 4,500 tubewells during the current year and place 50 free-of-cost electricity connections at the discretion of every National Assembly member.... Jamali govt’s economic performance: SBP report next week KARACHI, March 5: Economic performance of the Prime Minister Jamali’s coalition government will come under critical review of the State Bank of Pakistan in its second quarterly report to be released... Industrial sector losing $7.5bn annually ISLAMABAD, March 5: Pakistan’s industrial sector is currently losing $7.5 billion per annum because of poor manufacturing quality and related wastages.... Sharp cut in T-bills rate irks banks KARACHI, March 5: These are bad days for banks — and they fear worse are in store. The reason is this: the yield on treasury bills has fallen to a record... Reduction in car prices ruled out KARACHI, March 5: Consumers are unlikely to see any price cut in new car models despite frequent statements and assurances by Industries Minister Liaquat Ali Jatoi in the last one month... Tax cut on furnace oil, power sought ISLAMABAD, March 5: Water and Power Development Authority (Wapda) has asked the government to reduce the size of tax on furnace oil and electricity to mitigate additional burden on consumers arising... Task forces meeting tomorrow ISLAMABAD, March 5: A combined meeting of the federal and provincial task forces on investment will be held here on Friday to discuss increasing local and foreign investment in the country.... Hubco declares dividend at 33pc KARACHI, March 5: The Hub Power Company Limited (Hubco) announced interim cash dividend at Rs3.30 per share, i.e. 33 per cent for the year ending June 30, 2003.... Sindh expects 1m tons sugar KARACHI, March 5: Sugar mills in Sindh plan to shut their boilers early April to bring the current crushing season to an end with an estimated production of around one million... US economy WASHINGTON, March 5: The US economy is ploughing ahead even as it strains against Iraqi war fears, analysts said Wednesday after fresh data showed... Short-covering in blue chips halts downslide on KSE KARACHI, March 5: Stocks on Wednesday resisted fresh decline as higher interim dividend of 33 per cent by Hub-Power attracted a lot of short-covering on the blue chip counters putting the... Trade to benefit Pakistan, India WASHINGTON, March 5: Bilateral trade between India and Pakistan is extraordinarily low —less than one per cent of their global trade, said a report released on Wednesday by the Washington-based Centre... IMF wants Asia to ease fiscal, monetary policy: US attack on Iraq SINGAPORE, Jan 5: Asia’s economic outlook remains bright, but governments must be prepared to ease monetary and fiscal policies if a potential war in Iraq does more damage to the global... Karachi Port operations KARACHI, March 5: Five ships carrying containers and to load project cargo are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Hong Kong announces tax hikes HONG KONG, March 5: Hong Kong’s government on Wednesday announced sweeping tax hikes to help the territory bring a ballooning budget deficit under control.... Union Bank earns Rs286m pre-tax profit KARACHI, March 5: The Union Bank earned a pre-tax profit of Rs286 million in 2002 as against only Rs9 million in 2001. The after-tax profit also rose... Ratings KARACHI, March 5: JCR-VIS credit rating company has assigned medium- to long-term entity rating of single A minus with stable outlook and short-term entity rating of A-2 to Orient Petroleum Pakistan... Analytical study on non-farm sectors KARACHI, March 5: The government will carry out an analytical study on competitiveness of Pakistan’s non-agricultural production sectors to assess the country’s position in the multilateral trade negotiations in the WTO... S. Lankan tea prices mixed COLOMBO, March 5: Sri Lanka tea prices were mixed at the latest auction on Wednesday as low growns dipped due to fears of a war in Iraq while better quality high... Cotton prices at record high KARACHI, March 5: Cotton prices on the Karachi Cotton Exchange on Wednesday soared to a record high level of Rs2,600 per maund excluding the 15 per cent sales and analysts claim...

Contributions Privacy Policy © DAWN Group of Newspapers, 2005