SRO507 execution deferred till 31st
ISLAMABAD, Aug 9: The government has deferred till August 31 the implementation of clause (b) of SRO507 restricting supply to un-registered persons and the provision of section 73 of the sales...
Finished goods export surges by 14.82pc
ISLAMABAD, Aug 9: The exports of finished products surged by 14.82 per cent to $821.43 million in July, 2003, over the corresponding period of previous year, according to detailed provisional external...
Money changer’s licence cancelled
KARACHI, Aug 9: The State Bank has cancelled the licence of one private money changer in its drive to curb illegal transfers of currency and money laundering, officials said on Saturday....
Customs collection up by 13pc in 2002-03
KARACHI, Aug 9: The collectorate of customs (appraisement), Karachi, made collection of Rs93.977 billion in revenue during the outgoing fiscal 2002-03, showing a growth of over 13 per cent over Rs83.042...
Govt committed to transparent banking system
KARACHI, Aug 9: Finance Minister Shaukat Aziz on Saturday appreciating the performance of the state-owned banks, role of State Bank and their managements, reiterated that the government is committed to giving...
Chinese firm offers to carry out PS expansion
KARACHI, Aug 9: Metallurgical Construction Corporation (MCC) of China has shown its keen interest in carrying out expansion of Pakistan Steel aimed at taking its production up to three million tons...
SPI falls by 0.08pc
ISLAMABAD, Aug 9: Sensitive Price Indicator slid down by 0.08pc during the week ending August 7, 2003, as compared to previous week....
Pakistan has good chance to have FTA with US
KARACHI, Aug 9: Managing Director, South Asia Affairs, International Division, US Chamber of Commerce, Washington, Dr Herbert J. Davis has said trade and investment framework agreement (TIFA), signed by US and...
Bank loans and NSS certificate sales
KARACHI, Aug 9 : The Ministry of Finance has suspended the sale of National Savings Scheme (NSS) certificates by banks effective June 15, creating problems for NSS investors....
Crescent Textile Mills
KARACHI, Aug 9: The 10-rupee share in Crescent Textile Mills Limited — the composite textile mill at Sargodha Road, Faisalabad — stood quoted at Rs28.80 at the week-end. Nearly 29 weeks...
New York cotton futures firmer
NEW YORK, Aug 9: NYCE cotton futures finished on a stronger footing on Friday, recouping some of its steep losses from a day earlier, but with most participants waiting for USDA’s...
US blue-chip stocks up
NEW YORK , Aug 9: A strong sales report from McDonald’s Corp. fast-food restaurants boosted US blue-chip stocks on Friday, but the tech-heavy Nasdaq suffered its sixth straight losing session after...
Japan reaches deal on US beef imports
TOKYO, Aug 9: Japan’s farm ministry confirmed that it has reached a deal on beef imports from the United States, which had been threatened by Japanese concerns about mad cow disease...
Taiwan, Panama to sign FTA
TAIPEI, Aug 9: Taiwan and Panama are due to sign a formal free trade agreement (FTA) later this month after concluding the final round of talks, Taiwan’s economics minister Lin Yi-fu...
Trading on FTSE to get slow
LONDON, Aug 9: Trading on the London stock market is set to wind down next week as the summer lull sets in and earnings reports slow to a trickle, leaving economic...
Foley to run Iraqi corporate sector
WASHINGTON, Aug 9: President George W. Bush has appointed one of his political fundraisers, Thomas Foley, to oversee the Iraqi state business sector and draw up a sweeping privatization plan, Mr...
China to tell US to cool yuan criticism
NEW YORK, Aug 9: Chinese officials plan to tell US Treasury Secretary John Snow they might reconsider the country’s hefty buying of Treasuries and US agency debt if Washington doesn’t cool...
China to expand oil tanker fleet
BEIJING, Aug 9: China plans to invest $1.8 billion to expand its fleet of oil tankers, the official Xinhua news agency said in a report seen on Saturday....
Singapore economy
SINGAPORE, Aug 9: Economic data to be released in Singapore next week should determine sentiment on the local stock market, dealers said on Friday....
India’s forex reserves pile to aid reforms
MUMBAI, Aug 9: India’s surging foreign exchange reserves, now approaching $85 billion, gives Asia’s third largest economy a safety net against external shocks and provides it with muscle to push ahead...