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Business


No move yet to stop dollar hike in kerb
KARACHI, Aug 7: The US dollar keeps on gaining weight against rupee in the open market amid fears that the rising gap between official and open market exchange rates may contain...
Complete Story
Rice exporters await tax relief notification
KARACHI, Aug 7: The tax relief given on export of branded rice in the new trade policy (2003-04), could not be availed by exporters as the government has yet to notify...
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Belarus ready to set up plant in Pakistan
ISLAMABAD, Aug 7: The Belarus of Russia has expressed its interest to set up a manufacturing plant of Belarus tractors and assembling other agriculture related equipments in Pakistan....
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European bank loan for refinery pipeline
ISLAMABAD, Aug 7: The European Investment Bank (EIB) has approved a loan of Rs2.8 billion (Euro44 million) to Pak-Arab Refinery Limited (Parco) for the construction of a pipeline to transport refined...
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Imports value up by 22 per cent: Afghan Transit Trade
ISLAMABAD, Aug 7: The imports value of Afghan Transit Trade (ATT) increased by 22.53 per cent during the fiscal 2002-03 over the corresponding year of last fiscal....
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Asean adopts plan for financial integration
MANILA, Aug 7: Southeast Asian finance ministers agreed here on Thursday to open up their capital markets further and ease money flows as part of plans toward a single market in...
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EoIs invited for Kohinoor Ghee Mills
ISLAMABAD, Aug 7: Privatization Commission has invited Expressions of Interest for the privatization of Kohinoor Oil Mills (KOML) through the sale of up to 65pc shares (approximately) on “as is where...
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State Cement units results
KARACHI, Aug 7: The financial performance of state-run cement units has improved as a result of capital restructuring and improvement in efficiency since July 2001, says a press release of State...
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Oil prices recover
LONDON, Aug 7: Oil prices clawed back some ground on Thursday following the previous day’s falls in generally quiet and directionless trade, with even a massive car bomb blast in Iraq...
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Textile industry may lay off workers
KARACHI, Aug 7: In the absence of textile quota the garment industry, which utilises trousers quota (category 6) for European Union may soon have to resort to large scale lay offs....
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SBP appoints 11 primary dealers for 2003-04
KARACHI, Aug 7: The State Bank has appointed 11 primary dealers for the fiscal year July/June 2003/04....
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US business
WASHINGTON, Aug 7: US businesses boosted productivity at a sizzling 5.7 per cent annual pace in the second quarter, data showed on Thursday, raising hope for speedier economic growth and, finally,...
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KSE index crosses two psychological barriers
KARACHI, Aug 7: Trading volume on the Karachi Stock Exchange on Thursday soared to an all-time peak level of 959m shares as the index breached through the two psychological barriers, up...
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15m bales output achievable: Cotton vision
ISLAMABAD, Aug 7: Pakistan can raise its output of cotton to 15 million bales depending on its ability, among other measures, to check the onslaught of pests, ensure adequate prices and...
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Oil majors turn to Saudi Arabia
RIYADH, Aug 7: In the aftermath of the scrapping of the three Core Venture projects and after Saudi Arabia presented its gas potential in a meeting of global oil majors in...
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Three BoJ officials punished for data errors
TOKYO, Aug 7: The Bank of Japan said on Thursday it had punished three officials for failing to correct errors in basic data supporting the central bank’s monetary measures....
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ST audit at cos’ premises
ISLAMABAD, Aug 7: The Central Board of Revenue has allowed sales tax audit of listed companies in the location of manufacturing premises to facilitate the taxpayers....
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Firm trend on cotton market
KARACHI, Aug 7: Cotton market on Thursday showed firm trend as ginners raised their asking prices for the new crop followed by reports of fresh rain in some of the lower...
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BD, US to sign trade pact soon
DHAKA, Aug 7: Bangladesh and the United States on Thursday agreed, in principle, to sign a Trade and Investment Framework Agreement (TIFA), although they are yet to sort out a few...
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Karachi Port operations
KARACHI, Aug 7: Seven ships carrying containers, tallow, rock phosphate and soda ash are due to arrive at the outer anchorage on Friday, according to KPT sources....
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