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| July 3, 2003 | Thursday | Jumadi-ul-Awwal 2,1424 |
Banks to cut lending rates further: NSS rate-cut
KARACHI, July 2: The lowering of the profit on national saving schemes by up to 1.5 per cent may push banks to cut their lending rates further in the first half...
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Encouraging response from 19 investors: HBL privatization
ISLAMABAD, July 2: The Privatization Commission has received an encouraging response from 19 local and international groups to purchase 26-51 per cent shares of Habib Bank Ltd....
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Govt to offer incentives: Value-added items export
ISLAMABAD, July 2: The government has decided to offer fiscal incentives to exporters of value-added products during 2003-04 to boost export....
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EU proceedings against dumping
ISLAMABAD, July 2: The European Union has initiated an anti-dumping proceeding against Pakistani exporters for alleged dumping of PET Resin in EU markets....
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Merger okayed
KARACHI, July 2: The merger of First Professional Modaraba (FPM) with Al-Zamin Leasing Modaraba (Al-Zamin) had been approved by the High Court of Sindh, based on the petition filed by both...
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MoU signed for Indian tea import
KARACHI, July 2: Pakistan Tea Association (PTA) and Indian Tea Association (ITA) on Wednesday signed a Memorandum of Understanding (MoU) under which local traders and blenders would import a minimum 10...
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NIT declares Rs1.75/unit dividend
KARACHI, July 2: National Investment Trust (NIT) announced payment of Rs2,690 million in dividend to the unit holders at Rs1.75 per unit for the year ended June 30, 2003....
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Rice export fetches $540m
KARACHI, July 2: Higher per unit price achieved by rice exporters helped earn $540 million on export of 1.8 million tons during last fiscal ended on June 30, 2003....
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Index moves further higher across a broad front
KARACHI, July 2: Stocks on Wednesday ended further higher across a broad front as follow-up support figured prominently aided by perceptions of fresh capital gains in the coming months but bulk...
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Islamic banking
KARACHI, July 2: Meezan Bank on Wednesday launched its Islamic banking financial advisory programme and signed an agreement with Bank of Khyber to provide consultancy and training for enabling it to...
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Govt asked to restructure growth process: Poverty alleviation
ISLAMABAD, July 2: Pakistan National Human Development Report- 2003 which was unveiled here on Wednesday called upon the government to restructure economic growth and adopt direct attack approach for poverty alleviation...
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Prices remain stable on cotton market
KARACHI, July 2: Cotton prices on Wednesday remained stable despite falling mill demand as ginners held on to their positions amid predictions of pressure on the nearby supplies....
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Unisame asks SBP to review rules
KARACHI, July 2: The Union of Small & Medium Enterprises has urged the State Bank to consider classification of SMEs on the basis of the number of employees....
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Fertilizer prices not reduced as yet
ISLAMABAD, July 2: The uncertainty over the price of fertilizer, which the Prime Minister had promised to reduce several months ago, still persists....
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Karachi Port activity
KARACHI, July 2: Four ships carrying steel coils, containers and crude oil are due to arrive at the outer anchorage on Thursday, according to KPT sources....
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Insurance Year Book
ISLAMABAD, July 2: The Insurance Association of Pakistan (IAP) has produced “Insurance Year Book 2001” for the first time providing a single volume data about general insurance business....
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NIPA course participants visit KSE
KARACHI, July 2: A 20-member NIPA course participants from Islamabad and Peshawar visited the Karachi Stock Exchange on Wednesday to get a feel of the capital market and investment opportunities that...
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Palm oil prices up
KUALA LUMPUR, July 2: Malaysian palm oil futures gyrated in late trade on Wednesday with the active September contract unable to sustain earlier gains due to profit-taking, traders said....
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