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| June 13, 2003 | Friday | Rabi-us-Sani 12, 1424 |
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Saudi team interested in KESC, NIT, HBL: Investment group set up
ISLAMABAD, June 12: The visiting eight-member Saudi delegation on Thursday showed interest to participate in the privatization process of Habib Bank Limited, National Investment Trust Limited and Karachi Electric Supply Corporation.... 
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SRO 507 suspends industrial sales
KARACHI, June 12: The SRO 507(I), 2003, which prohibits supply of locally manufactured goods to persons not registered or enrolled under the Sales Tax Act, has almost suspended industrial activities and...
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Inflation moves up by 3.21pc
ISLAMABAD, June 12: Inflation (Consumer Price Index) rose by 3.21 per cent during the period July-May 2002-03, as compared to the same period of previous year, says monthly review of prices...
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Govt to sell Rs15bn PIBs in 2003-04
KARACHI, June 12: Effective yield on Pakistan investment bonds may remain under pressure in the next auction of the bonds due later this month. But if small banks that have been...
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Duty on nine items raised
ISLAMABAD, June 12: The government has raised customs duty on nine items to provide protection to the production of local industries....
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PTCL-led rally takes index to new peak
KARACHI, June 12: Stocks on Thursday staged a smart rally as investors were back in the rings after taking a brief technical breather as no one among them was inclined to...
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SBP seeks data on corrupt bankers
KARACHI, June 12: The State Bank wants banks and development finance institutions (DFIs) to fire their employees involved in fraud and forgery instead of allowing them to leave somewhat gracefully....
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EU wants import duty on all cars reduced
KARACHI, June 12: The condition of the European Union to cut import duty on cars was not confined to only 1,800cc and above capacity cars, but was applicable to all kind...
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Aptma terms amendments in DTRE positive
LAHORE, June 12: All Pakistan Textile Mills Association (Aptma) on Thursday termed the budget 2003-04 as growth-oriented, but said the document lacked a “direction for the industry preparedness in the post-2005...
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15pc ST on infant milk to push prices up
KARACHI, June 12: The price of imported and locally produced infant milk will go up by Rs30-40 per tin and Rs15-20 per box respectively following levy of 15 per cent sales...
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Securities capitalization in CDS
KARACHI, June 12: The market capitalization of securities in the Central Depository System (CDS) has now crossed Rs250 billion mark, CDC announced here on Thursday....
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Cement output estimated to grow by 7 per cent: Sugar at 12.7m tons
ISLAMABAD, June 12: The government has set a target of 3.8 million tons for sugar output and 12.7 million tons for cement production for the fiscal 2003-04, showing three per cent...
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Maiden deal struck on cotton market
KARACHI, June 12: Trading in new crop from the lower Sindh resumed on Thursday as a leading cotton broker reported a maiden deal for delivery after about a month....
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Filing of revised return allowed
ISLAMABAD, June 12: The government has allowed registered/enrolled persons and retailers to file revised return on payment of evaded amount of tax, additional tax and penalty....
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Corporate governance rating gets pace
ISLAMABAD, June 12: Securities and Exchange Commission of Pakistan (SECP), as a policy, encourages the listing only of such companies that have a proved track record and are in a position...
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BD unveils budget
DHAKA, June 12: Bangladesh Finance Minister Saifur Rahman on Thursday unveiled a 519.80 billion taka ($8.96bn) national budget for the fiscal year due to start July 1 projecting a rise by...
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Karachi Port operations
KARACHI, June 12: Five ships carrying chemicals, general cargo and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources....
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Pakistani firm faces overbilling probe
LOS ANGELES, June 12: A Pakistani company is currently under investigation for financial misconduct on over billing millions of dollars to Los Angeles city government....
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