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| June 15, 2003 | Sunday | Rabi-us-Sani 14, 1424 |
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Rs30.5bn Punjab ADP announced
LAHORE, June 14: The Punjab government on Saturday announced an annual development programme (ADP) of Rs30.5 billion in the budget 2003-04.... 
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United States offers TIFA to Pakistan
KARACHI, June 14: Commerce Minister Humayun Akhtar Khan said on Saturday the United States had offered Trade and Investment Facilitation Agreement (TIFA) to Pakistan, which was a first step towards Free...
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Pakistan, Turkey to sign land transport deal
KARACHI, June 14: Pakistan and Turkey will sign land transport agreement during the Turkish prime minister’s three-day visit to Pakistan, official sources said here on Saturday....
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Pakistan may get some share: China losing EU, US markets
KARACHI, June 14: Has Pakistan’s exports benefited from Sars that afflict China for almost a year now? Pakistan’s export grew by over 21 per cent and are likely end up close...
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422 listed cos earn profit in 2002
KARACHI, June 14: A total of 422 listed companies made profit during the year 2002, which was about the same number as in 2001. According to the Economic Survey 2002-03, number...
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Swelling private firms and fewer listed cos
KARACHI, June 14: Every year, the private limited firms swell while the number of listed companies gets reduced. The code of corporate governance is applicable to fewer and fewer quoted companies....
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Punjab’s debt goes up to Rs131bn
LAHORE, June 14: Punjab’s debt stock has gone up to a staggering Rs131.218 billion during the current fiscal from Rs56.806 billion in 1991-92....
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SPDC questions govt’s GDP growth figure
KARACHI, June 14: The Social Development and Policy Centre (SPDC) has questioned the credibility of the government claim of 5.1 per cent growth rate during 2002-03, raised question on official assertion...
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PVMA seeks cut in duty on RBD palm oil
ISLAMABAD, June 14: Pakistan Vanaspati Manufacturers’ Association (PVMA) criticized here on Saturday the provisions of the budget 2003-04, which may end up imposing the monopolistic control of a multinational company in...
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Seven EoIs received for Thatta Cement
ISLAMABAD, June 14: Seven parties have submitted their expressions of interest (EoIs) with the Privatization Commission for the purchase of 90 per cent shares of Thatta Cement Company (TCCL) on ‘as...
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WTO gives US deadline to amend import duty law
GENEVA, June 14: A World Trade Organization arbitrator on Friday gave the United States until Dec 27 to amend a law that violates open trade rules by diverting some import duties...
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‘German tax amnesty could run into 2005’
BERLIN, June 14: A planned German government amnesty to encourage tax dodgers to repatriate funds stashed in foreign banks may extend into 2005, after the start of an EU clamp-down on...
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Banks, DFIs write off Rs11.9bn loans
ISLAMABAD, June 14: The public sector banks and development finance institutions (DFIs) written off a total of Rs11.9 billion loans from 1999 to date, the National Assembly was informed here on...
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Tax reliefs offered to attract investment
ISLAMABAD, June 14: The federal government has incorporated in the Finance Bill, 2003 a number of tax concessions proposed by the Securities and Exchange Commission of Pakistan with a view to...
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Dollar falls on consumer data
NEW YORK, June 14: The dollar weakened sharply on Friday after a gauge of US consumer sentiment fell unexpectedly in June, fanning expectations the Federal Reserve may have to cut rates...
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Iraq-Turkey oil pipeline can be repaired soon
BAGHDAD, June 14: The main oil pipeline from Iraq to Turkey is expected to be back in working condition within 48 hours after it was hit by fire and explosions caused...
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US stocks fall, bonds jump
NEW YORK, June 14: US stocks slumped on Friday after a consumer sentiment gauge soured in June, while bond prices continued their upward march as traders saw more reason for the...
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NY cotton futures lower
YORK, June 14: NY cotton futures ended lower Friday on a lack of follow-through buying and profit-taking in the market, with analysts saying cotton may correct a bit after surging to...
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Euro-dollar rates
CERNOBBIO, June 14: European Central Bank (ECB) board member Tommaso Padoa-Schioppa said on Saturday the current euro-dollar exchange rate does not raise serious concern as it is within the long-term average....
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Cotton market rules firm
KARACHI, June 14: Cotton market closed the weekend session on a firm note as spinners and mills remained active amid fears of further increase in prices in sympathy with bullish trend...
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