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| May 8, 2003 | Thursday | Rabi-ul-Awwal 5, 1424 |
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NFC to set up two urea plants in Sindh
ISLAMABAD, May 7: In a major policy shift, the federal government on Wednesday allowed National Fertilizer Corporation (NFC) to set up in Sindh two plants of Urea and Single Super Phosphate... 
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NIT outperforms KSE-100 index by 4.6 per cent
KARACHI, May 7: National Investment Trust (NIT), which is the largest mutual fund in Pakistan with Rs29 billion under management, had outperformed the benchmark KSE-100 index by 4.6 per cent during...
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PS offers to retire Rs10bn principal loan
KARACHI, May 7: Pakistan Steel is seriously considering to retire principal amount of about Rs10 billion of its debt burden to save on payment of mark up every year but the...
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Peace moves to boost Pakistan, India economies
MUMBAI/KARACHI, May 7: The thaw in relations between nuclear-armed rivals India and Pakistan has sparked a market rally and is expected to boost foreign investment in a region that has lagged...
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Government, Fertilizer industry agreement in doldrums
ISLAMABAD, May 7: An agreement between the industries ministry and fertilizer industry to reduce the prices of fertilizer by Rs20 per bag is in doldrums due to refusal by the finance...
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Pakistan Trade with India in deficit
ISLAMABAD, May 7: The Pakistan-India trade which favoured Pakistan till the year 1998 is now tilted heavily in favour of India....
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Poultry prices go up
KARACHI, May 7: The prices of broiler live bird have jumped to Rs68 from Rs62 per kg on May 1, showing an increase of 9.7 per cent in just one week....
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KESC sell-off in 3 months, says Hafeez
KARACHI, May 7: Karachi Electric Supply Corporation (KESC) will be privatized within three months, Federal Minister for Privatization and Investment, Dr Abdul Hafeez Shaikh said on Wednesday....
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Refunds decline
ISLAMABAD, May 7: The tax authorities have paid Rs54.606 billion rebate/refund to exporters during the July-April period of the current financial year against Rs59.387 billion over the corresponding period of last...
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Draft rules
KARACHI, May 7: The State Bank intends to announce a draft of new set of Prudential Regulations for small and medium enterprises and consumer financers....
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KCAG seeks end to strike
KARACHI, May 7: The Karachi Customs Agents Group (KCAG) has sought government intervention in the situation created by the strike of Transport Ittehad (KPT), which has entered second day on Wednesday....
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Panic-selling denies index achieving 3,000 mark
KARACHI, May 7: Stocks on Wednesday gave another highly erratic performance as late near-panic selling denied the KSE index to achieve the coveted level of 3,000 just by nine points, although...
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NWFP govt, opposition take joint stand: Net Hydel Profit
PESHAWAR, May 7: The opposition and the treasury benches in the NWFP assembly adopted a joint stand against the capping of net hydel profit share of the province, and asked the...
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Cotton prices ease modestly
KARACHI, May 7: Cotton prices on Wednesday eased modestly apparently in sympathy with the limit-fall in New York Cotton futures but spinners adhered to the sidelines amid predictions of an easy...
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Rs16bn ZTBL loan to be converted into equity
ISLAMABAD, May 7: The finance committee of the National Assembly on Wednesday approved the restructuring plan of the Zari Tariqqiati Bank Ltd (ZTBL)....
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Dawood Money Market Fund gets licence
ISLAMABAD, May 7: Securities & Exchange Commission of Pakistan (SEC) here Tuesday announced the grant of licence to M/s Dawood Money Market Fund (DMMF) as the 9th open-ended fund....
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Tea board to be set up in Mansehra
MANSEHRA, May 7: Federal Minister for Food and Agriculture Yar Mohammad Rind has said that a tea board would soon be established in Mansehra in which maximum representation would be given...
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Karachi Port operations
KARACHI, May 7: Seven ships, including a rice loader Victoria, to load 4,200 tons of rice, are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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ABL posts Rs1.705bn profit
KARACHI, May 7: The Allied Bank (ABL) has posted an operating profit of Rs1.705 billion in 2002, showing a rise of 103 per cent over corresponding period last year....
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MCB rating maintained
LAHORE, May 7: The Pakistan Credit Rating Agency (Pacra) has maintained the long-term rating of Muslim Commercial Bank at “AA” (double A) and the short-term rating at “A1+” (A one plus)....
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