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| March 13, 2003 | Thursday | Muharram 9, 1424 |
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Pakistan to open new entry points on border: Changes in ATT
ISLAMABAD, March 12: Pakistan has decided to open a couple of new points on the Afghan border and amend the transportation mode that would allow the private sector trailers to transport... 
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Private sector credit target cut to Rs50bn
KARACHI, March 12: The State Bank has reset the private sector credit target at Rs50 billion for this fiscal year — down from Rs94 billion projected initially in annual credit plan...
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Sindh surpasses cotton output target
HYDERABAD, March 12: Sindh province produced 2.4 million bales of cotton during the outgoing season against the target of 2 million bales....
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CBR likely to amend ST refund rules
ISLAMABAD, March 12: The Central Board of Revenue (CBR) is likely to further amend the sales tax refund rules to facilitate the taxpayers....
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Sri Lankan team due on 17th
ISLAMABAD, March 12: A high-level technical team of Sri Lanka is arriving here on March 17 to negotiate duty concession on the remaining items to be considered under free trade agreement...
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KSE 100-share index breaks 2,500-point barrier
KARACHI, March 12: Stocks on Wednesday staged a robust rally on active buying in the leading base shares, pushing the KSE 100-share index well above the psychological barrier of 2,500 points...
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FCEF mark-up rates
KARACHI, March 12: The State Bank of Pakistan, Wednesday night announced to amend the mark-up rates to be charged on the foreign currency export finance facility to be effective from March...
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Financial sector mergers: guidelines
KARACHI, March 12: The State Bank of Pakistan on Wednesday issued guidelines to structure and discipline due diligence process for merger/amalgamation or local incorporation of financial institutions/banks....
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Inflation up by 3.53pc in July-Feb
ISLAMABAD, March 12: Inflation based on Consumer Price Index (CPI) spiralled by 3.53 per cent during eight months period (July-Feb) of 2002-03 over the corresponding period of previous year....
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Cap on badla rates
KARACHI, March 12: The board of directors of the Karachi Stock Exchange on Wednesday put a cap of 18 per cent on the maximum financing rates of carryover transactions on the...
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Profit rate
KARACHI, March 12: The State Bank has decided to fix maximum profit rate at 7 per cent per annum to be earned by a financial institution on financial assistance to be...
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Setting up of KITE Ltd
KARACHI, March 12: Sindh Governor Dr Ishrat ul Ibad has set up a committee under the chairmanship of Sindh Minister for Local Government, Muhammad Hussain Khan, to study the pros and...
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Gold falls
KARACHI, March 12: The local gold price on Wednesday declined by Rs55 to Rs6,615 per 10 grams, following fall in its price on international markets, a bullion dealer said.—APP...
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Cotton market consolidates overnight gains
KARACHI, March 12: Cotton market on Wednesday consolidated the overnight gains as fears of an expected pressure on the ready supplies in the weeks to come did not allow spinners to...
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US trade deficit shrinks by 8.4pc
WASHINGTON, March 12: The US trade deficit shrank 8.4 per cent in January from a record shortfall in December, the government said on Wednesday, as the sluggish US economy lost its...
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SECP holds 3 workshops on CCG
ISLAMABAD, March 12: The Securities and Exchange Commission of Pakistan (SECP) here on Wednesday held three workshops to equip the securities regulators with a broader understanding of procedures for enforcement of...
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Karachi Port operations
KARACHI, March 12: Four ships carrying containers and oils are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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BoK to start Islamic banking
PESHAWAR, March 12: The Bank of Khyber (BoK) will soon start Islamic banking operations in NWFP, according to official sources....
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