Urea prices move up by Rs10 per bag
KARACHI, July 9: Prices of urea have recently increased by Rs10 per bag to around Rs430 per bag, analysts quoting sources in fertilizer industry said on Wednesday....
Finished goods export rises by 20.69pc
ISLAMABAD, July 9: Exports of manufactured and semi-manufactured items stood at $10,037 million during the financial year 2002-03, recording an increase of 20.69 per cent over the preceding year, according to...
0.1m tons sugar export likely from next month
ISLAMABAD, July 9: Second phase of sugar export programme was likely to begin in August with 100,000 tons to be offered for sale over the next three months, a government official...
EPZ investors seek local credit facility
ISLAMABAD, July 9: Investors of export processing zones (EPZs) have demanded of the government to allow project financing through local banks and development finance institutions (DFIs)....
Pakistan, India trade prospects explored
LAHORE, July 9: The delegation of Pakistani traders currently visiting India to promote bilateral trade between the two countries on Wednesday held a series of one-on-one meetings with their Indian counterparts...
Shaukat to review tax collection today
ISLAMABAD, July 9: Finance Minister Shaukat Aziz will preside over a meeting of tax officials on Thursday to review performance of revenue collection during the fiscal 2002-03 and suggest measures for...
SBP mops up Rs75.71bn through T-bills sale
KARACHI, July 9: The yield on 12-month Treasury bill fell at an auction on Wednesday and dealers said they expected money market rates to remain soft....
French trade mission to visit Pakistan
KARACHI, July 9: The French ambassador Yannick Gerard said on Wednesday that as a follow up of a recent visit of the President Pervez Musharraf a French economic mission will be...
Soiled notes to remain valid: SBP
KARACHI, July 9: Soiled and defective currency notes will not be cancelled after December 31, 2003 and these will continue to be legal tenders, a press release of State Bank of...
Oil prices firmer
LONDON, July 9: Oil prices rose slightly on Wednesday as traders digested a mixed inventories report from the US government that pointed to a small but unexpected rise in US crude...
KSE 100-share index gains another 45.65 points
KARACHI, July 9: Stocks on Wednesday maintained their upward drive followed by active follow-up support on selected counters aided by the perception of a fragile truce in the backdrop of prime...
US businesses cut jobs despite bounce in demand
WASHINGTON, July 9: US businesses are cutting jobs despite a bounce in demand and an emerging investment recovery, a National Association of Business Economists (NABE) survey showed on Tuesday....
Ginners and spinners locked in price war
KARACHI, July 9: Quieter conditions were again witnessed on the cotton market on Wednesday as both ginners and spinners remained locked in a price war, but it appears to be a...
Germany’s trade surplus widens
BERLIN, July 9: Germany’s trade surplus with the rest of the world widened in May to 10.1 billion euros from 9.2 billion euros in April as exports rose for the first...
UK exports fall in May
LONDON, July 9: Britain’s global goods trade deficit unexpectedly widened to 4.1 billion pounds in May as exports dropped while imports rose sharply, official data showed on Wednesday....
SAFE to provide assistance to bourses
ISLAMABAD, July 9: The South Asian Federation of Exchanges (SAFE) will provide technical assistance to the stock exchanges of Pakistan in strengthening stock exchange listing regulations....
RCCI seeks tax holiday for new projects
ISLAMABAD, July 9: The Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded of the government to revive special industrial zones in the country, which will help encourage investment in the...
Palm oil imports slow
ISLAMABAD, July 9: The local palm oil market was slow in the last week and importers were reluctant to place fresh orders given high international prices and higher stocks locally, dealers...
Efforts on to improve oilseed output
ISLAMABAD, July 9: The Federal Minister for Food, Agriculture and Livestock, Sardar Yar Mohammad Rind, said on Wednesday that all out efforts would be made to improve oilseed production in the...
US suspends exchange of trade visits with Taiwan
TAIPEI, July 9: The United States has suspended the exchange of visits by high-ranking economic and trade officials with Taiwan since early this year over Taipei’s failure to remove major US-Taiwan...