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| May 1, 2003 | Thursday | Safar 28, 1424 |
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33pc subsidy on tubewells: Wapda facility from today
KARACHI, April 30: Farmers all over the country will start receiving the benefit of 33 per cent power subsidy on their tubewell operations for kharif crops from Thursday (May 1) as... 
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Car makers agree to cut prices: Jatoi
KARACHI, April 30: Automobile assemblers have agreed in principle to reduce the prices of the locally manufactured cars by June 1, this year....
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Pakistan seeks withdrawal of WRS
ISLAMABAD, April 30: Pakistan has asked the joint war risk committee to immediately withdraw the additional surcharge on ships sailing to and from its ports because the Iraq war has now...
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Sugar export to Kabul stopped
ISLAMABAD, April 30: Pakistan has stopped forthwith the export of sugar to Afghanistan following reports that its first lot of 25,000 tons had been smuggled back into the country....
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CBR collects Rs348.4bn in 10 months
ISLAMABAD, April 30: The tax authorities claim to have collected Rs348.4 billion during the July-April period of the current financial year by achieving the given target set for the same period...
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Petrol, HSD prices reduced
KARACHI, April 30: The Oil Companies Advisory Committee (OCAC) on Wednesday slashed the ex-depot fixed sales price of petrol by 45 paisa per litre, while oil marketing companies (OMCs) curtailed the...
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LTU registers 77pc growth in ST collection
KARACHI, April 30: The Large Taxpayers Unit (LTU) has collected Rs19.991 billion sales tax during July-March of the current fiscal showing an incredible growth of 77 per cent over the corresponding...
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Refinance rates cut to 3.5pc
KARACHI, April 30: The State Bank on Wednesday announced reduction in the rates of export refinance under the export finance scheme for exporters by half per cent from 4pc to 3.5pc...
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T-bill yield rises to 1.6 pc
KARACHI, April 30: The weighted average yield on treasury bill edged up on Wednesday and bankers said it signalled that the market was stabilising at yield levels....
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Oil price rebounds
LONDON, April 30: Oil prices rebounded slightly on Wednesday after days of heavy falls as traders mulled news of a modest rise in US crude stock levels and nervously watched a...
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PIA may earn Rs4bn profit
KARACHI, April 30: The national carrier PIA is likely to fetch Rs4 billion profit during the current financial year showing 100 per cent profit as compared to last year....
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Late selling in blue chips pushes index lower
KARACHI, April 30: Stocks on Wednesday turned mixed as blue chips attracted profit-selling at the inflated levels and ended fractionally reacted but the selling was absorbed at the dips....
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US economy set for rebound: Greenspan
WASHINGTON, April 30: US Federal Reserve chairman Alan Greenspan said on Wednesday the US economy is set for a post-war rebound but the outlook is foggy and business nerves are an...
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Cotton market quiet on SARS fear
KARACHI, April 30: Cotton market on Wednesday showed quiet trend as both buyers and sellers keenly watched the SARS-related panic selling on major world trading centres but held on to their...
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EPB to take trade team to Kuwait: Iraq reconstruction
LAHORE, April 30: Export Promotion Bureau (EPB) Chairman Tariq Ikram may lead a business delegation to Kuwait on May 12 or 13 to enable Pakistani companies to establish close links with...
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SSGC profit down by 7pc
KARACHI, April 30: Sales revenue of Sui Southern Gas Company Limited (SSGCL) during the July-March 2002-2003 went up by 9.7 per cent to Rs25.894 billion as compared to corresponding period of...
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Karachi Port operations
KARACHI, April 30: Another five ships carrying crude oil, general cargo and containers are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Emirates profit shoots up
DUBAI, April 30: With almost all airlines showing decline because of Iraq war and SARS posing a threat to aviation industry, the Emirates Group surprised competitors as it has announced another...
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Global grain Output recovering
LONDON, April 30: A picture of recovering global grains production for 2003-04 is emerging, with a positive outlook from the International Grains Council after drought devastated some of the world’s traditional...
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Euro hits four-year high against greenback
LONDON, April 30: The euro raced up to a four-year high against the dollar on Wednesday on concerns about the health of the US economy....
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