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| May 22, 2003 | Thursday | Rabi-ul-Awwal 19,1424 |
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APCC to take up Rs152bn PSDP: Meeting on 24th
KARACHI, May 21: The Annual Planning Coordination Committee (APCC) is meeting coming Saturday in Islamabad to discuss Rs152 billion development budget for next fiscal year.... 
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Top-25 Awards: selection criteria
KARACHI, May 21: The following criteria was observed by the Karachi Stock Exchange in selection of Top-25 companies for 2001. The awards were distributed by the Prime Minister Mir Zafarullah Khan...
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Govt may not force car makers to cut prices
KARACHI, May 21: The government may not pressurise the car makers to cut prices as they are multinationals and the country cannot afford to give any negative signal to foreign investors,...
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Oil prices go up
LONDON, May 21: Oil prices leapt up on Wednesday after two sets of statistics for US crude inventories showed the nation could be running alarmingly low on oil ahead of the...
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Shipbreaking hit by high taxes
KARACHI, May 21: The higher incidence of sales tax and duties has hard hit the shipbreaking industry, which in good old days had been catering to needs of the local steel...
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Litigation at WTO proves costly
ISLAMABAD, May 21: The developing countries, including Pakistan, are facing problems of hiring law firms to advise and represent them in WTO-related cases....
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Lending rate seen moving higher
KARACHI, May 21: Pakistan’s interest rates, after dipping over the past half year, may head up if the government plans for higher spending in next month’s budget. But the reversal would...
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Habib Bank: deadline for EoI extended
ISLAMABAD, May 21: The Privatization Commission on Wednesday extended the deadline for expressions of interest in Habib Bank until June 30....
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Index achieves new career-best
KARACHI, May 21: The KSE 100-share index on Wednesday again breached the barrier of 3,000 to attain its new career-best level at 3,041.23 followed by heavy covering purchases in most of...
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WB unhappy with NWFP economic performance
PESHAWAR, May 21: The NWFP government’s inability to achieve targets and benchmarks set for the first year of implementation of the World Bank funded provincial reforms programme drew reservations from the...
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Karachi Port operations
KARACHI, May 21: Three ships carrying chemicals, general cargo and to load molasses are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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PIA to refurbish A310, B747
KARACHI, May 21: The Board of Directors of the PIAC has approved refurbishment of A310 and B747 Combi aircraft to bring them in line with the 777 aircraft to be inducted...
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Malaysian palm oil
KUALA LUMPUR, May 21: Malaysian palm oil futures lost their footing at the close on Wednesday, hit by crop data and speculative selling, traders said....
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Mills, spinners resume buying operations
KARACHI, May 21: Cotton prices on Wednesday remained stable around the previous levels as some of the spinners and mills have resumed buying operations to cover their nearby needs....
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Poverty alleviation linked to land reforms
KARACHI, May 21: Pakistan cannot achieve the objective of poverty alleviation unless it undertakes progressive land reforms and achieve growth with equity, says Dr Hafiz Pasha, a well-known economist and assistant...
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P&G earnings
KARACHI, May 21: The Procter & Gamble Company announced strong volume growth for the quarter, driving double-digit core net earnings, a company press release issued on Wednesday stated....
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