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| June 14, 2003 | Saturday | Rabi-us-Sani 13, 1424 |
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PS to retire Rs9.4bn loan on July 1
ISLAMABAD, June 13: Pakistan Steel (PS) will pay back its loans worth Rs9.4 billion to five commercial banks on July 1, 2003, and in return is expected to get 10 per... 
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Pakistani workers among most poorly paid: Asian textile survey
KARACHI, June 13: Contrary to general belief, a textile worker in Pakistan is paid much less than the average textile employee in India and China....
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22 listed cos’ liquidation on cards
ISLAMABAD, June 13: The Securities and Exchange Commission of Pakistan has decided to initiate proceedings for liquidation of 22 listed companies for their failure to hold annual meeting for the past...
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22,000 tons of steel dumped
ISLAMABAD, June 13: A foreign ship has dumped 22,000 tons of steel in Pakistan through under-invoicing, sources in the Central Board of Revenue (CBR) told Dawn on Thursday....
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KSE index hits new high at 3,264 points
KARACHI, June 13: Stocks on Friday remained in an upbeat mood as investors were not deterred by the weekend considerations and continue to build-up long positions on the low-priced sectors, finishing...
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Oil price slides on IEA report
LONDON, June 13: Oil prices plunged on Friday, despite the apparent sabotage of an Iraqi oil pipeline, after the International Energy Agency (IEA) revised sharply upwards its estimates of industrialized nations’...
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Cotton import may rise by 15pc
KARACHI, June 13: Pakistan has imported 590,890 bales of raw cotton during the October-May 2002-03 period and exported 218,350 bales during September-June 2002-03 period, according to the statistics of Karachi Cotton...
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Budget to indirectly benefit bourse
KARACHI, June 13: Firozuddin Cassim, chairman of the board of directors of Karachi Stock Exchange, said the budget 2003-04 was ‘growth oriented and investor-friendly’, which would bring indirect gains to the...
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Housing finance SBP raises per party limit to Rs7.5m
KARACHI, June 13: The State Bank has informed all banks that they can offer housing loans worth up to Rs7.5 million and their total exposure in housing finance can go up...
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Closure of PQ causes $100m loss in exports
KARACHI, June 13: It is estimated that the country has suffered around $100 million in exports by keeping activity suspended at Port Qasim on Friday for the celebration ceremony of achieving...
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EU moves WTO over US dumping
BRUSSELS, June 13: The European Commission said on Friday it had appealed to the WTO over alleged US anti-dumping practices that harm EU exports....
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HK gold
HONG KONG, June 13: Hong Kong gold prices closed lower on Friday at $354.20-354.70 an ounce against the previous day’s closing rate of 355.50-356.00....
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Spinners remain active buyers at current level
KARACHI, June 13: The cotton market on Friday showed firm trend as spinners remained active buyers at the current levels but ginners held on to their positions followed by reports of...
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Legal, procedural changes in ST act
ISLAMABAD, June 13: The government has introduced a number of legal and procedural changes in the Sales Tax Act 1990 to facilitate the taxpayers....
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EOBI harassing employers to meet target
KARACHI, June 13: The EOBI officials are harassing the employers by sending the demand notices of exorbitant amounts on the pretext of outstanding dues against the employers for registered and non-registered...
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IFS rating assigned to SGI
KARACHI, June 13: JCR-VIS credit rating company Ltd. has assigned an insurer financial strength (IFS) rating of “A” to Security General Insurance Ltd. The outlook on this rating is stable, says...
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Palm oil rebounds
KUALA LUMPUR, June 13: Malaysia’s palm oil futures closed higher on Friday after weekend covering plucked the benchmark August contract from early lows, traders said....
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Karachi Port operations
KARACHI, June 13: Seven ships carrying containers, chemicals and to load molasses are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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Total to procure 2m barrels of Iraqi oil
PARIS, June 13: Total, the French oil company, says it has been selected to acquire 2 million barrels of Iraqi oil, this following a call for bids regarding the sale of...
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HK, China FTA by month-end
HONG KONG, June 13: Hong Kong and China will complete their first bilateral free-trade agreement by the end of this month, an official in the territory confirmed on Friday....
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