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| April 3, 2003 | Thursday | Muharram 30, 1424 |
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Essentials import Opening of LCs drops by 30pc
KARACHI, April 2: The process of opening letters of credit (LCs) by importers for some essential items like pulses, milk powder, tea, spices, etc., has slowed down by 20-30 per cent... 
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Fall in TBs yield to benefit exporters
KARACHI, April 2: Yield on six-month treasury bills has fallen below the crucial mark of 2 per cent from more than six per cent at the start of the fiscal year...
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‘Poor states cut dependence on private lending’
WASHINGTON, April 2: Foreign direct investment (FDI) and migrant workers sending part of their paycheck back home have become more important sources of finance for developing countries than private lending....
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Cement makers fail to revive ‘cartel’
KARACHI, April 2: The meeting of the cement manufacturers held on Monday, concluded without being able to put together pieces of the broken ‘cartel’, that had seen prices of cement plunge...
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Industrial zones to be privatized
ISLAMABAD, April 2: The government is expected to shortly privatize the management and maintenance of existing industrial zones....
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SPDC for using reserves to retire debts
KARACHI, April 2: A well-known private research organization Social Policy and Development Centre (SPDC) has proposed the utilization of a part of over $10 billion foreign exchange reserves for retirement of...
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Shipping cos raise WRS to Gulf
LONDON, April 2: Major shipping lines serving the northern Gulf region have raised war risk fees by 2,200 per cent since war broke out in Iraq but the effect on international...
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Steps being taken to protect industries
KARACHI, April 2: The Federal Minister for Industries and Production, Liaquat Ali Jatoi, has assured full support by his ministry for the promotion and development of automotive industry and import of...
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Oil prices slide
LONDON, April 2: Oil prices slid further on Wednesday as US troops launched a major push near Baghdad, despite the stated reluctance of oil majors in unrest-stricken Nigeria to resume stalled...
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Stocks rise by 48 points on institutional buying
KARACHI, April 2: Stocks on Wednesday staged a broad recovery followed by heavy short-covering in the pivotals at the lower levels amid predictions that bulls are back in the arena after...
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Govt may miss 4.5pc GDP target
ISLAMABAD, April 2: The imposition of war risk surcharge by the shipping lines and anticipated reduction in imports are making the task of the economic planners difficult to achieve the 4.5...
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Cotton market lacks trading interest
KARACHI, April 2: The cotton market on Wednesday lacked normal trading interest as spinners and mills adhered to the sidelines most of the time signalling that they are not inclined to...
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Palm oil shipments steady
KUALA LUMPUR, April 2: Main palm oil consumers in Asia are showing a healthy appetite for the edible oil even though freight rates have risen to one-year highs due to worries...
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Karachi Port operation
KARACHI, April 2: Four ships carrying containers and general cargo are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Sri Lanka tea prices fall
COLOMBO, April 2: Sri Lanka tea prices dipped at the latest auction on Wednesday, with nearly 30 per cent of low-grown teas going unsold because of disruptions to shipping routes caused...
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Palm oil up
KUALA LUMPUR, April 2: Malaysia’s palm oil futures closed higher on Wednesday due to a technical rebound and heavy covering on the physical sector, traders said....
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Commodity markets
MULTAN, April 2: The following are Wednesday’s upcountry commodity market rates in rupees:...
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Karachi market rates
KARACHI, April 2: The following are Wednesday commodity market rates in rupees....
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