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| July 27, 2003 | Sunday | Jumadi-ul-Awwal 26, 1424 |
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Banks, DFIs to write off another Rs30bn loan: Three-year plan
KARACHI, July 26: About 11 government owned banks and DFIs are set to write off another Rs25 to Rs30 billion loan during next three years. This write-off of loans will be... 
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SPI moves up further
ISLAMABAD, July 26: The Sensitive Price Indicator (SPI) moved up further by 0.06 per cent during the week ending July 24, over the previous week, according to the weekly price data...
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IBP award ceremony a unique event
KARACHI, July 26: The prize award ceremony of the Institute of Bankers Pakistan held on Saturday proved to be a unique event where upcoming young bankers received medals and certificates on...
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CBR, PVMA meeting to evolve mechanism: Audit, sales tax refund
ISLAMABAD, July 26: Pakistan Vanaspati Manufacturers Association (PVMA), which called off its countrywide strike after successful negotiations with the high officials of Central Board of Revenue (CBR) in Islamabad on Friday,...
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Import of used cars ruled out
KARACHI, July 26: Industries Ministry secretary Muhammad Javed Ashraf Hussain has said the government will not allow import of reconditioned cars....
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Canada finalizes arrangements for WTO moot
MONTREAL, July 26: Canada has finalized all arrangements as delegates from 26 countries, including Pakistan, start arriving here from Sunday for a three-day World Trade Organization (WTO) conference beginning on July...
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Body on freight subsidy meets
KARACHI, July 26: The steering committee on freight subsidy scheme held its first meeting on Saturday to work out procedure for the freight subsidy, which will be notified shortly for the...
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State Bank circular withdrawn
KARACHI, July 26: Finance Minister, Shaukat Aziz on Saturday announced withdrawal of SBP circular BPD-22, which had bound the financial institutions to report to the Central Board of Revenue (CBR) return...
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PSO plans to set up refinery
KARACHI, July 26: Pakistan State Oil is planning to set up a major refinery in the country....
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100 dyeing, powerloom units closed
FAISALABAD, July 26: The strike by sizing factories took a serious turn when owners of over 100 powerlooms, dyeing, bleaching and calendering mills closed their units here on Saturday....
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Political stalemate and sustainable growth
KARACHI July 26: The political stalemate on LFO has created a lame duck parliament and its fall out is now assuming new dimensions....
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Canada to offer further food market access
OTTAWA, July 26: Canada plans to offer foreign farmers greater access to dairy, poultry and egg markets to help kick-start the World Trade Organization’s troubled negotiations, provided other countries follow suit,...
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China needs to import 600,000 tons of cotton
BEIJING, July 26: China needs to import at least 600,000 tons of cotton this year to meet rising domestic demand, the official Xinhua news agency said on Saturday....
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Unemployment ratio rising in US
WASHINGTON, July 26: If you believe the experts, the US economy is starting to regain momentum. But ask Murray Kieffer, laid off in May 2001 from his sales manager job in...
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Dow closes at 5-week high
NEW YORK, July 26: US stocks surged on Friday, with the Dow average hitting a five-week high, after a surprisingly strong durable goods report bolstered investors’ confidence that an economic rebound...
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US economy picking up
NEW YORK, July 26: As currency investors ponder the future direction of the battered US dollar, determining the true cause of the recent surge in US Treasury yields may be a...
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Sumitomo wins $1.6bn Malaysian contract
KUALA LUMPUR, July 26: Japan’s Sumitomo beat three other giants — Mitsubishi, German’s Siemens and France’s Alstom — to win a six billion ringgit (1.6 billion dollar) contract to build a...
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US-Australia trade talks in progress
WASHINGTON, July 26: US and Australian trade negotiators said on Friday they made good progress this week in bilateral talks, but may not finish their work by the end of the...
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No evidence of economic rebound: Fed
WASHINGTON, July 26: There is little hard evidence that a US economic rebound is underway, Richmond Federal Reserve President J Alfred Broaddus said Friday, saying he sees a “mixed picture” in...
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US administration seeks home loan bank data
WASHINGTON, July 26: In the wake of Freddie Mac’s accounting scandal, the Bush administration is pressing the Federal Home Loan Banks, a dozen cooperatively owned regional institutions, to disclose more financial...
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