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DINA
  DAWN - the Internet Edition



June 28, 2003 Saturday Rabi-us-Sani 27,1424

FXCM


Business


Cement sale, HBFC loan on rise: Construction industry
KARACHI, June 27: The State Bank’s third quarterly report released on Thursday give three indicators to show that labour-intensive construction industry has already been revived and activated....
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Social compliance to benefit export
KARACHI, June 27: Delay in creating conditions for adopting social compliance under WTO regime on labour, environment and security for the industry seems to be hampering exports, which could easily touch...
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Govt to set up farm advisory board
ISLAMABAD, June 27: Federal Minister for Food and Agriculture Yar Muhammad Rind on Friday said that the government has decided to constitute “Agriculture Advisory Board” to monitor the performance of Agriculture...
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Pakistan seeks more US investment
WASHINGTON, June 27: President General Pervez Musharraf has urged US investors to invest in Pakistan because the country is offering a high return on their investments....
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Jatoi dissatisfied with Smeda, SME Bank working
ISLAMABAD, June 27: Industries and Production Minister Liaquat Ali Khan Jatoi on Friday expressed dissatisfaction over the performance of Smeda and criticized SME Bank for charging high interest rates....
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Amendments in SRO507 termed an ‘eye wash’
KARACHI, June 27: Businessmen and industrialists are not happy with the amendments in the SRO 507 introduced by a new SRO 592(I) 2003. They said despite the new amendments, “a manufacturer...
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State Bank clarifies GDP growth
KARACHI, June 27: The State Bank of Pakistan has clarified the impression created by its third quarterly report released on Thursday that it estimates Pakistan’s real GDP growth rate at 4.6...
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Investment plan
LA BAULE, France, June 27: French Prime Minister Jean-Pierre Raffarin vowed here on Friday to make the country more attractive to investors through fiscal and social incentives for foreign executives, graduate...
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Oil prices move up on outlook worries
LONDON, June 27: Oil prices rose on Friday on worries about the outlook for oil supplies from Iraq and Nigeria....
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Indian tea team leaves for Pakistan today
NEW DELHI, June 27: A 14-member delegation of the Indian Tea Industry would leave tomorrow (June 28) on a five-day business trip to Pakistan via Dubai....
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Global funds
LONDON, June 27: Global fund managers cut their US bond holdings in June and switched to euro zone debt to take advantage of better interest rate returns in Europe, but they...
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KSE 100-share index crosses 3,400-point mark
KARACHI, June 27: The KSE 100-share index closed the week slightly above the 3,400 point level after having shown highly erratic movements, but analysts are still divided over its journey beyond...
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Traders unmoved by trade pact with US
KARACHI, June 27: Pakistan businessmen gave a cautious welcome on Friday to a trade agreement signed by Pakistan and the United States this week, dismissing any significant potential returns for the...
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Karachi Port operations
KARACHI, June 27: Seven ships carrying DAP fertilizer, palm oil and general cargo are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Turkey, Russia fail to resolve gas row
ANKARA, June 27: Turkey said Friday that negotiations over the price of natural gas imported from Russia have broken down and both sides are to seek international arbitration....
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Prices ease further on cotton market
KARACHI, June 27: Cotton prices eased further on Friday as some of the ginners holding odd lots of lint sold in part their holdings apparently disappointed by the falling demand from...
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CA firms fined for negligence
ISLAMABAD, June 27: The Securities and Exchange Commission of Pakistan (SECP) has penalised two chartered accountant firms, Arman & Co and Sajjad Safri & Co for negligence in the performance of...
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Ratings assigned
LAHORE, June 27: The Pakistan Credit Rating Agency (Pacra) has assigned the Trust Investment Bank Limited (TIBL) long-term and short-term ratings of “BBB-” (triple B minus) and “A3” (single A three)....
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Directive to clear consignments
ISLAMABAD, June 27: The Central Board of Revenue has directed all collectors of customs to clear all consignments lying at ports to raise maximum revenue for achieving the annual target of...
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Trade talks
NEW DELHI, June 27: India and China will join forces to lobby on behalf of developing countries on contentious trade issues such as agriculture and pharmaceuticals at WTO talks, Indian Commerce...
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