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| April 19, 2003 | Saturday | Safar 16, 1424 |
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Australian firm plans $1 billion investment: Copper mines
ISLAMABAD, April 18: An Australian mineral exploration company — Tethyan Copper Company Ltd (TCC) — plans to invest $1 billion in Balochistan during 5 to 10 years period to develop copper... 
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Investors to get more incentives: PM
ISLAMABAD, April 18: Prime Minister Mir Zafaruallah Khan has said his government would offer in the next budget new facilities and incentives to the investors and businessmen....
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Issuer lobbying for lowering return on TFC
KARACHI, April 18: A Multan-based weaving mills has started lobbying with large corporate holders of its term finance certificates (TFCs) to voluntarily accept a lower than promised minimum rate of return....
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ICIEC to provide export credit insurance
ISLAMABAD, April 18: The Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) has decided to provide insurance cover to all mining activities in Balochistan, besides insurance credit to exporters....
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Tough competition for textile export
ISLAMABAD, April 18: Pakistan’s textile exports will face tough competition from China, Bangladesh and the Philippines in the post-quota free scenario, which is both a threat as well as an opportunity...
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PTCL, Hubco lead weekend rally on stock market
KARACHI, April 18: Stocks on Friday shrugged off the overnight hesitancy as investors covered positions at the lower levels on the blue chip counters aided in part by reports of higher...
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Gujrat chamber sealed
GUJRAT, April 18: The Punjab government has sealed the office of Gujrat Chamber of Commerce and Industry reportedly on the charges of some irregularities and malpractices....
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SECP seeks abolition of stamp duty
ISLAMABAD, April 18: The Securities and Exchange Commission of Pakistan has approached the provincial governments for total abolition of stamp duty on the memorandum and articles of association of companies to...
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NWFP yet to net Rs850m capital receipts
PESHAWAR, April 18: The NWFP budgetary plan to net Rs850 million current capital receipts during the financial year 2002-03 appears to be in jeopardy in view of the grim half-yearly position...
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PTCL, HBL sell-off in process, NA told
ISLAMABAD, April 18: The National Assembly was told on Friday in a written reply that the privatization of Habib Bank Ltd and Pakistan Telecommunication Company Ltd (PTCL) were in process....
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Ishrat meets US officials
NEW YORK, April 18: State Bank Governor Ishrat Husain met with top US financial officials in New York on Thursday to inform them of the new banking and structural reforms in...
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Quieter conditions on cotton market
KARACHI,April 18: Cotton market passed through a relatively quieter session on Friday as both leading ginners and spinners kept to the sidelines in a short session....
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India challenges EU tariff relief to Pakistan
ISLAMABAD, April 18: The Indian government has filed a complaint with the World Trade Organization (WTO) panel against the European Commission (EC) facility of granting tariff preferences on textiles products to...
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Govt to review tax structure for edible oils
LAHORE, April 18: The Federal Ministry of Industries is to review the tariff and tax structure for edible oils imports with a view to ascertaining its impact on the local production...
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Oil supply
LONDON, April 18: Opec said on Friday that its 10 members with oil supply quotas pumped 1.56 million bpd over their agreed ceiling in March, when Iraqi exports stopped due to...
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ST Act amended
ISLAMABAD, April 18: The Central Board of Revenue (CBR) has allowed payment against any supply made in kind to facilitate the taxpayers....
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Karachi Port operations
KARACHI, April 18: Four ships carrying crude oil and containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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FDP transfers NWFP sees Rs1.45bn shortfall
PESHAWAR, April 18: NWFP experienced a shortfall of Rs1.45 billion in direct transfers from the federal divisible pool (FDP) during July-March 2002-03, according to official sources....
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Asian stocks higher
TOKYO, April 18: Asian share prices were mostly higher on Friday after gains on Wall Street but trading was lacklustre due to holidays in most markets....
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Swiss firms keen on increasing investment
KARACHI, April 18: Switzerland is looking for the possibilities of expanding operations and investment of Swiss companies in Pakistan to open new job avenues and enhance exports from Pakistan, Consul General...
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