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  DAWN - the Internet Edition



August 10, 2003 Sunday Jumadi-us-Sani 11, 1424

FXCM


Business


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...
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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...
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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....
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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...
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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...
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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...
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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....
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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...
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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....
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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....
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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....
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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...
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