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| June 19, 2003 | Thursday | Rabi-us-Sani 18, 1424 |
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FDI up by 125pc to $742.8m in 11 months
ISLAMABAD, June 18: Foreign direct investment in Pakistan during first 11 months (July-May 2002-03) stood at $742.8 million against $330.6 million during the same period last year, showing an increase of... 
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Word of caution for stock investors
KARACHI, June 18: The KSE-100 share index made another massive gain of 35 points on Wednesday, to touch the new highest-ever recorded level of 3272 points. But the bourse’s management had...
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Windfall for govt, corporates at depositors’ cost
KARACHI, June 18: The market-driven floating interest rates have brought windfall for big corporations and the government at the cost of depositors with other borrowers deprived of similar benefits, business executives...
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Loans to expand SMEs network
KARACHI, June 18: The Union of Small and Medium Enterprises (Unisame) has expressed its gratitude to the State Bank for drafting prudential regulation for SMEs....
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ST on edible oil cut
ISLAMABAD, June 18: The government has reduced general sales tax (GST) from 20 per cent to 15 per cent on edible oil produced locally from imported oilseeds....
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July-May collection stands at Rs392bn
ISLAMABAD, June 18: The tax authorities collected Rs392.028 billion revenue during the July-May period of the current financial year against the target of Rs391.9 billion, showing an increase of Rs128 million....
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KSE 100-share index crosses 3,300-point barrier
KARACHI, June 18: The KSE 100-share index on Wednesday broke the barrier of 3,300 points followed by strong speculative buying in the leading base shares aided by the optimism that a...
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Import of wheat ruled out
ISLAMABAD, June 18: The Ministry of Food, Agriculture and Livestock (MINFAL) here on Wednesday ruled out the import of wheat during the year 2003-04 because Pakistan would still have a surplus...
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Banks look for ways to make long term loans
KARACHI, June 18: Banks are increasingly using floating rates to price their medium- to long-term loans rather than going for fixed rates to ensure that volatility in interest rates does not...
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Withdrawal of SRO demanded
KARACHI, June 18: The chairman, SITE Association of Industry, Haroon Farooqi has demanded withdrawal of SRO 479(1)/2003 issued on June 7, 2003....
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Mango export to rise by 5pc
KARACHI, June 18: The value of mango export is set to rise by 7 to 8 per cent this year due to weak dollar and stronger rupee, exporters said here on...
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Dollar’s further fall needs check: IMF
BERLIN, June 18: Central banks and governments should consult and act together if the dollar should fall further or faster on foreign exchange markets, International Monetary Fund managing director Horst Koehler...
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Ginners raise asking prices for new crop
KARACHI, June 18: Cotton market on Wednesday showed firm trend as ginners raised their asking prices for the new crop followed by reports of overnight rain in some of the areas...
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Exemption certificate duration extended
ISLAMABAD, June 18: The government has extended the duration of exemption certificate from three months to one year for importing raw materials without payment of withholding tax in order to provide...
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Karachi Port operations
KARACHI, June 18: Seven ships carrying steel coils, containers, general cargo and sugar for Afghanistan are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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KASB Bank to focus on SME sector
KARACHI, June 18: President and chief executive officer, KASB Bank, Rahim Khanani, on Wednesday said the prime focus of his bank was small and medium enterprises, which would be approached by...
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EU farm talks
LUXEMBOURG, June 18: France on Wednesday rejected a new compromise offer designed to reform lavish subsidies paid to farmers by the European Union at high-pressure talks among EU agriculture ministers....
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Dollar higher against yen
LONDON, June 18: The dollar gained ground on Wednesday after a series of positive US economic figures tempered expectations of a sizeable interest rate cut by the Federal Reserve next week....
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