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| May 2, 2003 | Friday | Safar 29, 1424 |
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Ministry authorized to amend agreements: Petroleum exploration
ISLAMABAD, May 1: The government has empowered the Ministry of Petroleum and Natural Resources to amend existing petroleum exploration agreements with local as well as foreign companies in line with the... 
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Prices of kitchen items show stability
KARACHI, May 1: Consumers saw an easing in price hikes last month as prices of most of kitchen items either remained unchanged or fell on improved supplies: the only exceptions were...
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78 items’ import from India awaits notification: Low tariff
ISLAMABAD, May 1: Pakistan has withheld a notification to allow the import of 78 more items from India on concessionary tariff which it had committed under the Kathmandu round of South...
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Margin trading rules shortly
ISLAMABAD, May 1: Securities and Exchange Commission of Pakistan (SECP) has finalized the draft for Margin Trading Rules to phase out carry-over trading/badla financing which was at the root of the...
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Pakistani firms may get $100m business: Iraq reconstruction
KUWAIT CITY, May 1: With the fall of Saddam Hussain’s regime and the coalition forces in control of Iraq, Kuwait has become a business activity centre, where many companies from different...
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Asian economies to overcome SARS: WB
NEW DELHI, May 1: World Bank managing director Peter Woicke said on Thursday he was confident that Asian economies would come out of the Severe Acute Respiratory Syndrome (SARS) crisis and...
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Investment sought in palm oil refineries
KARACHI, May 1: Federal Minister for Industries and Production has called upon local investors to set up palm oil refineries in the country so that locally produced palm oil can be...
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PS urged to expedite expansion plan
KARACHI, May 1: Industries and Production Minister Liaquat Ali Khan Jatoi has urged the management of Pakistan Steel to expedite the work on expansion plan and finalize the proposals in this...
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ATT imports grow 56pc
ISLAMABAD, May 1: The import value of Afghan Transit Trade (ATT) has increased by more than 56 per cent during July- March period of the current financial year over the corresponding...
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India keen to import LNG from Iran
NEW DELHI, May 1: Indian Oil Minister Ram Naik will discuss liquefied natural gas (LNG) imports from Iran and seek opportunities for Indian firms in Iran’s upstream sector when he visits...
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Oil price firmer
LONDON, May 1: IPE Brent crude oil futures stayed firmer in a very narrow range on Thursday, as US energy stock data and Opec remarks on possible intervention to prevent a...
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Manufacturing sector shows robust growth
ISLAMABAD, May 1: Pakistan’s large scale manufacturing increased by 11.71 per cent during first three quarters (July 2002-March 2003) as production from almost all major sectors, excluding electronics contributed positively....
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Experts call for widening of tax base
KARACHI, May 1: Prof Dr Khawaja Amjad Saeed, Member National Council-ICMAP has suggested the government to prepare 2003-2004 budget for “five-years instead of one year” in order to attain rapid economic...
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NWFP ord for tobacco cess on open market
PESHAWAR, May 1: The NWFP government has extended the scope of tobacco development cess to open market transaction in an attempt to improve its revenue base....
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US official in S. Arabia for oil talks
RIYADH, May 1: Only a day after the departure of the United States Defence Secretary Donald Rumsfeld, the US Energy Secretary Spencer Abraham landed in Saudi Arabia to discuss developments in...
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Naltar project cost increased
ISLAMABAD, May 1: The government on Wednesday approved in principle an increase of Rs334 million in the project cost of Rs1 billion Naltar Hydropower project in the Northern Areas....
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World oil demand to jump 50pc by 2025: EIA
WASHINGTON, May 1: The world’s thirst for oil shows no sign of easing, with global demand for crude expected to jump by 50 per cent to 119 million barrels a day...
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India cuts duty on RBD palm olein
NEW DELHI, May 1: India, the world’s largest edible oil importer, has cut the basic customs duty on RBD palm olein to 70 per cent from 85 per cent to remove...
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Euro slips vs greenback
LONDON, May 1: The euro retreated slightly in thin trading on Thursday having flirted with the symbolic level of 1.12 dollars briefly in its push to new four-year high points....
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FTO orders tax refund
ISLAMABAD, May 1: The Federal Tax Ombudsman (FTO) Justice (Retd) Saleem Akhtar has asked the collector of customs, sales tax and central excise, Hyderabad, for issuing withheld refund to a complainant...
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