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| May 27, 2003 | Tuesday | Rabi-ul-Awwal 24,1424 |
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142 ongoing projects classified as ‘slow’
ISLAMABAD, May 26: As many as 142 projects, out of a total 204 public sector ongoing projects, have been categorized as “slow” while another five projects declared “sick” due to slow... 
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PC asked to complete formalities: Hotel sell-off
ISLAMABAD, May 26: Privatization and Investment Minister Dr Abdul Hafeez Shaikh has directed the Privatization Commission officials to complete all related formalities for holding the bidding for the sale of assets...
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90pc of PSDP utilized, says Shaukat
ISLAMABAD, May 26: Finance Minister Shaukat Aziz on Monday said 90 per cent of the Public Sector Development Programme allocation of Rs134 billion has been utilized during 2002-03, ....
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New car bookings decline by 50pc
KARACHI, May 26: Expectation of a possible cut in prices of automobiles from next month has drastically brought down booking orders....
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LTU to accept statements thru computer
KARACHI, May 26: The Large Taxpayers Unit from the next fiscal year will start accepting taxpayers’ statements through electronic mechanism. The system will assist in reducing the burden of filing of...
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Merger sanctioned
KARACHI, May 26: The Peshawar High Court has sanctioned the Scheme of Arrangement for merger of Lucky Powertech Limited with Lucky Cement Company Limited....
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Cut in duty on raw materials likely
ISLAMABAD, May 26: The government is likely to reduce the customs duty on raw materials to 5 per cent from 10 per cent in the forthcoming budget 2003-04....
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Dry wind hits wheat crop
KARACHI, May 26: Wheat crop has been reduced because of dry summer winds in southern parts of Punjab, which produces over 80 per cent of the country’s output, farmers and officials...
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KSE 100-share index crosses 3,100-point barrier
KARACHI, May 26: The KSE 100-share index on Monday breached through the barrier of 3,100 points as bulls were not inclined to loosen their grip on the market at least until...
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Opec ready to cut output
DOHA, May 26: Opec can be expected to agree to slash production at a ministerial meeting in Qatar on June 11 to avoid a price collapse, Opec President Abdullah bin Hamad...
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Credit facility for trade with Iraq
BAGHDAD, May 26: Iraq’s US overseer, Paul Bremer, announced the establishment of a major credit facility for foreign trade on Monday to show the country was open for business after the...
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NWFP questions Wapda’s authority: Rs1bn at source deduction
PESHAWAR, May 26: NWFP has questioned Wapda’s authority to make book adjustment of Rs1 billion against its net hydel profit share for the current financial year, according to officials....
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Karachi Port operations
KARACHI, May 26: Cargo handling activity at the Karachi port on Monday was maintained on the higher side as the total tonnage rose to 98,295 tons 49,000 tons a day earlier....
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ICAP chief’s meetings with CAs
KARACHI, May 26: Institute of Chartered Accountants of Pakistan (ICAP) president Khaliq-ur-Rahman, accompanied by executive director Aslam Dossa, recently had a series of meetings with practising chartered accountants in Karachi, Multan,...
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Spinners resort to inter-mill dealings
KARACHI, May 26: Trading on the cotton market on Monday resumed on a cheerless note as price of ginners and spinners remained poles apart sans supply and demand factors....
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Palm oil prices lower
KUALA LUMPUR, May 26: Malaysia’s palm oil futures snaked lower in lethargic, technically-driven trade on Monday, ignoring market-friendly exports data for the first 25 days of May, traders said....
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