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| June 6, 2003 | Friday | Rabi-us-Sani 5, 1424 |
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Stocks Register 69.7pc increase: Economic Survey
KARACHI, June 5: Pakistan’s stock market remained buoyant during the outgoing fiscal year 2002-03 and the KSE-100 index witnessed a phenomenal growth in the first ten and a half months to... 
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Forex debt, liability decline by $949m
KARACHI, June 5: Pakistan’s total external debt and foreign exchange liabilities fell from $36.532 billion by end of June 2002 to $35.583 billion by end of March 2003, showing a decline...
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SBP buys $4.4bn from banks in nine months
KARACHI, June 5: The State Bank of Pakistan made net purchase of $4.4 billion from the inter-bank market in July/March 2002/03....
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Contingent liabilities to cross Rs75bn: Projection for next fiscal
ISLAMABAD, June 5: Pakistan’s explicit and implicit contingent liabilities are projected to cross Rs75 billion during the year 2003-04 that could pose a budgetary gap of 1.34 per cent of GDP....
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Banks, DFIs settle Rs10bn loans
LAHORE, June 5: Various commercial banks and development finance institutions (DFIs) have settled or restructured loans of some 18,000 delinquent borrowers involving an outstanding default amount of Rs10 billion under the...
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Banks’ advances rise by Rs29.7bn
KARACHI, June 5: During the first nine months of this fiscal year commercial banks recorded an increase of Rs29.7 billion in net advances, according to the Economic Survey released on Thursday....
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Rs452.5bn revenue collection likely
ISLAMABAD, June 5: The government has estimated the annual revenue collection at Rs452.5 billion for 2002-03 against the downward revised target of Rs458.9 billion set for the same period this year,...
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Chicken meat dumping
KARACHI, June 5: Pakistan Poultry Association chairman, Mr Afsar Qadri on Thursday demanded of the government to increase import duty on chicken meat....
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Farm sector grows by 4.2 per cent
ISLAMABAD, June 5: Agriculture registered a growth rate of 4.2 per cent during 2002-03, reversing the negative trend of previous two years marked by a crippling drought, says Economic Survey....
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Current account surplus
ISLAMABAD, June 5: The current account balance (excluding official transfers) registered a surplus of $2562 million or 3.7 per cent of the projected GDP in the first nine months of the...
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KSE 100-index maintains upward drive
KARACHI, June 5: Stocks on Thursday maintained an uppish leaning but finished below the day’s highs on selling triggered by fears of negative fallout of the LFO standoff on future trading....
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Pakistan pays $458m extra on petroleum import
ISLAMABAD, June 5: Pakistan had to pay $458 million extra on petroleum imports during the first 10 months of the current fiscal because of higher international oil prices....
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Trading fails to pick up on cotton market
KARACHI, June 5: Trading activity on the cotton market on Thursday failed to pick up as both the ginners and the spinners remained pre-occupied with analysing the impact of some of...
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IMF proposes Rs550bn tax target
ISLAMABAD, June 5: The International Monetary Fund (IMF) has proposed to the tax authorities to fix revenue collection target for the year 2003-04 at around Rs550 billion an increase of 19...
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‘Returns form still complicated’
KARACHI, June 5: The business has asked the Central Board of Revenue (CBR) to simplify the new income tax returns form which is too complicated and cumbersome to fill and above...
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Exports rise by 20.8pc
ISLAMABAD, June 5: Pakistan’s external balance of payments posted a significant improvement during the outgoing fiscal year 2002-03 despite subdued global economic activity, sluggish world trade and geopolitical uncertainty, says the...
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Karachi Port operations
KARACHI, June 5: Five ships carrying fertilizer, general cargo and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Revenue loss falls by 11.4pc
ISLAMABAD, June 5: The revenue loss in lieu of major tax exemptions to national kitty has declined by 11.4 per cent to Rs21.89 billion in 2002-03 from Rs24.71 billion over the...
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Revenue deficit shrinks
ISLAMABAD, June 5: The revenue deficit has been narrowed to one per cent in 2002-03 from three per cent in the year 1990-91....
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Palm oil prices off highs
KUALA LUMPUR, June 5: Malaysian palm oil futures gave up some of the gains at the close on Thursday, falling victim to profit-taking, traders said. “It’s purely profit-taking because the market...
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