Businessmen optimistic about export target
KARACHI, July 19: Many businessmen are optimistic about $12.10 billion export target fixed for 2003-2004 in the new trade policy in the light of government’s focus towards free trade agreements with...
Turkey mulls PTA with Pakistan
ISLAMABAD, July 19: Turkish Minister of State for Foreign Trade Kursad Tuzmen has said that Ankara is considering a proposal to sign a Preferential Trade Agreement (PTA) with Islamabad to further...
Kabul assures investors of full security
ISLAMABAD, July 19: Afghan Commerce Minister Syed Mustafa Kazimi has said that his government will provide complete security to Pakistani investors to kick-start reconstruction activities in Afghanistan....
Insurance cos drawing up new strategy: Falling return rates
KARACHI, July 19: Falling rates of return on bank deposits and government securities have started telling on the operations of the insurance companies that are now giving a hard look at...
SPI up by 0.31pc
ISLAMABAD, July 19: Sensitive Price Indicator recorded an increase of 0.31 per cent during the week ending July 17, 2003 as compared to the previous week, according to the price data...
Cartels, monopolies and prices
KARACHI, July 19: Official efforts to reduce the cost of building materials to make housing affordable to the middle income groups is encountering difficulties as cement and steel prices are skyrocketing....
Iran proposes joint trade bodies
KARACHI, July 19: Iran has proposed establishment of a joint trade committee of experts within next three months to identify items and areas of cooperation to further expand trade between Iran...
Interest rate on provident fund slashed
LAHORE, July 19: The federal government has slashed interest rate on the state provident fund by half percentage point to 14.5 per cent for the year 2002-03....
Chemicals import rules
ISLAMABAD, July 19: The government has authorized Central Board of Revenue and Narcotics Control Division to issue permission to industries for import of various kinds of chemicals....
Bush sees tax cuts spurring job creation
CRAWFORD, July 19: President George W. Bush predicted on Saturday that tax cuts would provide the kind of lift to the struggling US economy that would lead to job creation....
US wants energy talks with Japan
TOKYO, July 19: The United States is asking Japan to hold regular talks on energy policy, but Japanese officials are concerned that Washington will use the forum to further pressure Tokyo...
$3bn gas supply deals signed in Indonesia
BALI, July 19: Natural-gas supply deals worth $3 billion were signed in Indonesia on Saturday in a boost for the industry, including one by ConocoPhillips to serve Singapore’s Island Power for...
New York cotton futures settle higher
NEW YORK, July 19: NY cotton futures settled higher on Friday as fiber contracts broke a 3-day losing streak on very light buying by the trade and small speculators, analysts said....
Wall Street struggling for direction
NEW YORK, July 19: After a flood of corporate earnings reports and a guardedly optimistic outlook from Fed chairman Alan Greenspan, Wall Street is no longer sure which way is up....
Dollar mostly lower as euro rebounds
NEW YORK, July 19: The dollar was mostly lower on Friday, retreating from strong gains earlier in the week while the euro bounced off recent lows....
COMEX gold prices higher
NEW YORK, July 19: COMEX gold futures on Friday closed at their highest mark since Monday, bolstered by US dollar weakness, as dealers focused on volatile currency markets in slim trading,...
Romanian GDP
BUCHAREST, July 19: Romania’s economic growth could slow to 4.8-4.9 per cent this year compared with the targeted 5.2 per cent, but inflation could beat the 14 per cent target, Finance...
UK working hard to meet euro tests, says Blair
TOKYO, July 19: British Prime Minister Tony Blair told Japanese business leaders on Saturday that Britain was working hard to get its economy ready for euro entry and progress had been...
SBI cuts interest rate on farm loans
MUMBAI, July 19: Government-run State Bank of India (SBI) said on Saturday it had lowered the interest rate on one-year farm loans by 50 basis points to 8.75 per cent....
Prices remain stable on cotton market
KARACHI, July 19: Cotton prices remained stable on Saturday as picking operations of phutti in the lower Sindh belt remained suspended because of reports of fresh rain....