Low Graphics Site

April 11, 2003 Friday Safar 8, 1424 Govt borrows from banks to retire SBP credit KARACHI, April 10: Falling treasury bills yield has enabled the government to clear expensive central bank debts by borrowing cheap money from the commercial banks.... Iraq war: no gains for US dollar KARACHI, April 10: The rupee is maintaining its strength against the dollar as currency dealers begin to focus on the woes of US economy, not drawing any comfort from the Pentagon’s... Rs310.3bn revenue collected in July-March ISLAMABAD, April 10: The Central Board of Revenue (CBR) has collected Rs310.3 billion during the July-March period of 2002-03 against the target of Rs310.1 billion set for the same period.... Govt urged to raise development expenditures KARACHI, April 10: Speakers at a seminar have forewarned the government that inequality and rapidly rising poverty are threatening the sovereignty of the country and it should be immediately checked by... System fault curtails trading on KSE KARACHI, April 10: Stocks on Thursday finished with an extended fall as the breakdown of the KSE computer system for about six hours curbed the investors enthusiasm as they mostly played... 33,311 fake invoices detected ISLAMABAD, April 10: The tax authorities have claimed to have detected 33,311 fake invoices through the newly established automated refund system during the October-March period of the current fiscal year.... World oil demand may rise by 1.1 mbd PARIS, April 10: The International Energy Agency expects world demand for oil to grow by 1.1 million barrels per day this year, it said in its March report on Thursday.... Rs500m UBL loan for SNGPL KARACHI, April 10: The United Bank Limited has provided a Rs500 million long-term loan to the Sui Northern Gas Pipelines Limited to finance the company’s gas infrastructure development plan, says a... Hardware problem disrupts KSE operations KARACHI, April 10: Normal business was disrupted at the Karachi Stock Exchange on Thursday and trading could take place for 90 minutes outside the usual trading time, in the after noon.... PDF meeting from May 12 ISLAMABAD, April 10: A three-day meeting of the Pakistan Development Forum (PDF) will be held here on May 12-14 to discuss Pakistan’s economy and propose measures for its improvement.... Tax relief for salaried class demanded KARACHI, April 10: Tax experts and consultants have asked the government to reduce tax burden on fixed income groups by bringing down tax rate from 35 to 25 per cent on... Slow trading on cotton market KARACHI, April 10: Cheerless conditions were again witnessed on the cotton market on Thursday as spinners made selective covering purchases apparently awaiting the post-Iraq war export prospects for the textile products.... US trade deficit shrinks WASHINGTON, April 10: The US trade deficit for goods and services narrowed to $40.3 billion in February from a revised $41.2 billion in January, the Commerce Department said on Thursday.... Winding up of Usman Textile KARACHI, April 10: Usman Textile Mills Limited announced on Monday that the board of directors had decided to ask shareholders for approval of winding up of the company voluntarily.... Separation of EPB function KARACHI, April 10: Commerce Minister Hamayun Akhtar Khan on Thursday said the government was working on a project with the assistance of the Asian Development Bank to split the EPB into... Karachi Port operations KARACHI, April 10: Four ships carrying containers and high speed diesel are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Dollar stalls against major currencies LONDON, April 10: The dollar stalled against major currencies on Thursday despite the stunning success of US forces in Iraq, as the market focused instead on worries about underlying economic woes.... Loans write-off: advice to businessmen LAHORE, April 10: The finance division has asked businessmen to approach the central bank to get an extension in the last date for availing of its write-off of irrecoverable loans and... Entity rating assigned to AHFL KARACHI, April 10: The JCR-VIS credit rating company has assigned initial medium to long-term entity rating of double B with stable outlook and short-term entity rating of single B to the... IHFL ratings KARACHI, April 10: The JCR-VIS credit rating company says that credit ratings of triple B/A-three of the International Housing Finance Ltd (IHFL) continue to remain on Rating Watch due to expected...

Contributions Privacy Policy © DAWN Group of Newspapers, 2005