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| August 12, 2003 | Tuesday | Jumadi-us-Sani 13, 1424 |
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Sindh gets wheat finance at 2.75pc
KARACHI, Aug 11: National Bank has cut down the rate of markup on financing wheat procurement by Sindh Food Department for the growers from 5.75 per cent to 2.8 per cent.... 
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PSO may post Rs4.1bn profit for 2002-03
KARACHI, Aug 11: Pakistan State Oil Company Limited (PSO) is expected to post profit of Rs4.1 billion for the year ended June 30, 2003 and distribute cash dividend at Rs6 per...
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Khushhali Bank under a cloud
KARACHI Aug 11: The Khushhali Bank’s policies, management and soaring operating expenses are threatening the bank’s future sustainability in its third year of operations, according to a case study on the...
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Steps under way to check fall in ST collection
ISLAMABAD, Aug 11: The government has decided to work out measures for arresting constant decline in sales tax collection at import stage to achieve the target set for the financial year...
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Oil prices down
LONDON, Aug 11: Oil prices fell slightly in quiet trading on Monday, with even a prediction of increased global oil demand from the International Energy Agency (IEA) failing to shake the...
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Technical pause trims KSE index by 16.63 points
KARACHI, Aug 11: Stocks on Monday took a technical pause as investors played on both sides of the fence rolling positions from one counter to the other but analysts said bears...
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Investment to reduce poverty, says ADB
ISLAMABAD, Aug 11: The Asian Development Bank (ADB) has asked Pakistan to create conducive climate for investment specially by improving its policy and regulatory framework....
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Machinery import bill declines in July
ISLAMABAD, Aug 11: The import bill of machinery group ($212.49 million) showed a decline of 0.56 per cent during July 2003, as compared to the corresponding period of previous year after...
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SBP wants farm credit format revised
KARACHI, Aug 11: The State Bank has asked all commercial banks except for ZTBL to introduce and use the standardized and revised agricultural credit documents for agricultural loaning purposes under their...
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Rs900m NBP facility for textile unit
KARACHI, Aug 11: National Bank of Pakistan has provided trade and funded financing facility of Rs900 million to Chenab Ltd. which has one of the largest textile facility in the country,...
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State Bank invests $25m in IDB bond
KARACHI, Aug 11: Pakistan has invested its swelling foreign exchange reserves in the commercial market for the first time, choosing an Islamic Development Bank five-year bond for its debut, bank officials...
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Pakistan, Indonesia talks on PTA likely
ISLAMABAD, Aug 11: Pakistan and Indonesia are likely to start negotiations on a preferential trade agreement (PTA) aimed at enhancing trade volume....
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Prices rise on cotton market
KARACHI, Aug 11: Cotton market on Monday showed firm trend as prices were quoted further higher despite reports of steady arrivals of phutti into the Sindh ginneries....
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PTCL plans to add 690,000 new lines
ISLAMABAD, Aug 11: Pakistan Telecommunication Company Limited has said it will spend Rs10-12 billion to add 690,000 new phone lines to its fixed-line network over the next 18 months....
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Karachi Port operations
KARACHI, Aug 11: Five vessels carrying coal, steel coils and containers are due to arrive at the outer anchorage on Tuesday, according to KPT sources....
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Leather garments exports
KARACHI, Aug 11: The exports of leather garments, which were on persistent decline reaching up to 34pc, have shown some recovery in July 2003, when exports were down by only 12...
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National Awards for taxpayers
KARACHI, Aug 11: President General Pervez Musharraf would, for the first time, confer National Award on five highest taxpayers on Independence Day....
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Rice prices higher
ISLAMABAD, Aug 11: Pakistani rice prices edged higher during the past week on depleting stocks and dealers said on Monday prices would rise further in coming weeks after rain damaged the...
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Wapda awards tender
SINGAPORE, Aug 11: Wapda has agreed in a tender to buy 660,000 tons of fuel oil between October 2003 and September 2004 at $2 per ton over Mediterranean 180-centistoke (cst) quotes,...
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Asian stocks mostly higher
TOKYO, Aug 11: Asian share markets were mostly higher on Monday as investors pinned their hopes on better economic conditions later in the year, driven by the United States....
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