Low Graphics Site

May 31, 2003 Saturday Rabi-ul-Awwal 28, 1424 50 steel re-rolling mills closed: Shortage of raw material KARACHI, May 30: Around 50 steel re-rolling mills all over the country have pulled down their shutters owing to shortage of raw material from Pakistan Steel and shipbreaking industry.... PR offers 50pc discount on exportable goods ISLAMABAD, May 30: Pakistan Railways has announced a 50 per cent concession on transportation charges for all exportable goods from Taftan to Hyderabad and Karachi.... Licking govt from the back door KARACHI, May 30: Some banks are encouraging their customers to borrow up to 90 per cent for purchase of Special Saving Certificates (SSCs) at rates ranging from 4.75-5.5 per cent per... Cut in duties, taxes likely ISLAMABAD, May 30: Minister for Investment and Privatization Dr Abdul Hafeez Shaikh on Friday indicated that the government was considering to slash some taxes and duties in the forthcoming budget to... SECP not to issue guidelines for NBFIs: Loan write-off ISLAMABAD, May 30: Securities and Exchange Commission of Pakistan (SECP) has decided that it would not issue guidelines in respect of Non-Bank Financial Institutions (NBFIs) similar to those contained in the... Stock market undergoes technical correction KARACHI, May 30: Stocks on Friday ran into technical correction as a section of investors took profits at the higher levels but bulk of the selling was absorbed at the dips... Pakistan wants Safta moot date extended ISLAMABAD, May 30: Pakistan has requested Saarc-secretariat to extend the date for holding experts’ committee. The meeting has been convened to conclude the proposed South Asia Free Trade Area (SAFTA) allowing... Asian Bank to give $150m for SMEs ISLAMABAD, May 30: The Asian Development Bank (ADB) has promised to provide a $150 million assistance to Pakistan for restructuring and development of its small and medium enterprises (SMEs) sector.... Foreign direct investment up by 126pc ISLAMABAD, May 30: The flow of Foreign Direct Investment (FDI) reached $695.9 million during July-April showing an increase by 126pc against $307.6 million of the corresponding period of the previous year.... 25pc duty on finished leather sought KARACHI, May 30: Pakistan Tanners Association (PTA) has asked the government to immediately impose 25 per cent duty on import of finished leather as unsold huge stocks are lying with tanners... PM to open gas project KARACHI, May 30: Prime Minister Mir Zafarullah Khan Jamali will inaugurate Garhi Khairo gas supply project on Sunday. The Rs42-million project consists of 17km-long supply main lines and 13km-long distribution network... Refinance rate KARACHI, May 30: The SBP on Friday decided that rate of refinance under the Export Finance Scheme (EFS) at 2 per cent would continue to be applicable for June 2003.... Raise in duty on finished paper sacks opposed ISLAMABAD, May 30: Cement and sack paper manufacturers opposed any increase in import duty on finished paper sacks during a public hearing held by the National Tariff Commission here on Friday.... Spot rates lowered by another Rs10 KARACHI, May 30: Cotton prices on Friday eased further as the official spot rates were lowered by another Rs10 per maund amid a lightly traded session as leading spinners adhered to... Shariah law in NWFP raises investment risk KARACHI, May 30: Moves by Islamic parties to impose strict Shariah law in NWFP are likely to heighten the country’s political risk for international investors.... BD floats taka from today DHAKA, May 30: The money market will decide the value of taka from Saturday against foreign currencies, specially the greenback, as the central bank has decided to float the exchange rates.... Oil prices up LONDON, May 30: Oil prices crept higher on Friday as traders remained concerned about the possibility of a squeeze on gasoline supplies during the US vacation period.... Japan buys rice TOKYO, May 30: Japan’s Food Agency said on Friday it had bought 13,098 tons of foreign rice at its import tender for the current fiscal year to next March under the... Karachi Port operations KARACHI, May 30: Five ships carrying general cargo, containers and to load ethanol are expected to arrive at the outer anchorage on Saturday, according to KPT sources.... RCIT assures solution to exporters problems KARACHI, May 30: The Regional Commissioner of Income Tax, Corporate region, Karachi, Shahid Jamal on Friday, asked the textile industry leaders to pay their taxes in time....

Contributions Privacy Policy © DAWN Group of Newspapers, 2005