|
| August 17, 2003 | Sunday | Jumadi-us-Sani 18, 1424 |
|
Oil slick threatens seafood export: EPB calls meeting
KARACHI, Aug 16: The unending oil slippage from broken Greece ship Tasman Spirit lying aground near Karachi coast for the last three weeks is now threatening Pakistan’s $130 million... 
|
|
PTCL bidders asked to start due diligence
ISLAMABAD, Aug 16: The Privatization Commission has asked all three pre-qualified bidders of Pakistan Telecommunication Company Limited (PTCL) to start their due diligence from September so that the company could be...
|
|
||
|
NBP settles about 100 cases of loan write-off
LAHORE, Aug 16: National Bank of Pakistan (NBP) is alleged to have processed and settled less than 100 out of over 550 cases received by it for settlement under the central...
|
|
Remittances decline slightly in July
KARACHI, Aug 16: Pakistan received $307.23 million as home remittances in July 2003, down slightly from $307.41 million received in July 2002....
|
|
|
||
|
Too much money: a major world problem
KARACHI Aug 16: “Too much money” is the world’s biggest problem. Investors are putting money in stocks and bonds and creating “endless bubbles” often making it difficult to tell a boom...
|
|
Over-programming allowed
KARACHI, Aug 16: Ministry of Commerce has allowed over-programming in specified categories of textiles, to four destinations: US, EU, Canada and Turkey....
|
|
|
||
|
Cement makers promise price stability
LAHORE, Aug 16: Cement producers have assured the federal government of ensuring stability of cement prices which, they said, ranged from Rs202 to Rs225 per bag depending upon market situation in...
|
|
PC examines EoIs for NIT
LAHORE, Aug 16: The Privatization Commission is evaluating and examining the expressions of interest (EoIs) received for the disinvestment of National Investment Trust (NIT)....
|
|
|
||
|
First wind power plant shortly
ISLAMABAD, Aug 16: Solar and wind energy are set to contribute vitally to Pakistan’s economic advancement and the first ever wind-propelled power plant will be inaugurated shortly in Karachi, said chairman...
|
|
US gasoline hits 5-month high
CHICAGO, Aug 16: Gasoline soared on Friday to a five-month high after the largest power failure in North American history forced shutdowns of nearly 700,000 barrels a day of oil-refining capacity...
|
|
|
||
|
US stocks edge up on light volume
NEW YORK, Aug 16: US stocks rose slightly on feather-light volume on Friday, as Wall Street regrouped after the biggest-ever power failure in North America....
|
|
Swiss Air Lines to decide on alliance soon
ZURICH, Aug 16: Loss-making Swiss International Air Lines will have made up its mind on its strategic options including joining a global airline alliance by month-end, a board member told Swiss...
|
|
|
||
|
NY cotton futures fall
NEW YORK, Aug 16: NYCE cotton futures settled in a two-month trough on Friday, pressured in extremely thin trading by speculative selling and pre-weekend liquidation, dealers said....
|
|
Thailand shares to consolidate gains
BANGKOK, Aug 16: The Thai stock market is expected to consolidate its recent strong gains in the week ahead with few fresh leads likely to develop, analysts said on Friday....
|
|
|
||
|
CBR job description
KARACHI, Aug 16: Focusing on a major shift in CBR from revenue targets only to tax payer facilitation and employee related objectives, Central Board of Revenue has initiated its job description...
|
|
Indian economy to grow at higher rate
NEW DELHI, Aug 16: India’s central bank governor Bimal Jalan said on Saturday the economy would see a high growth rate this fiscal year due to good monsoon rains and a...
|
|
|
||
|
FWBL ratings
LAHORE, Aug 16: The Pakistan Credit Rating Agency (Pacra) has upgraded the long-term rating of the First Women Bank Limited (FWBL) to “BBB+” (triple B plus), maintaining its short-term rating at...
|
|
India plans to prepay $1.5bn debt
BENAULIM, Aug 16: India, which is sitting on a record pile of foreign exchange reserves, will prepay $1.5 billion of its external debt soon, a senior official of the Reserve Bank...
|
|
|
||
|
US industrial output shows 0.5pc hike in July
WASHINGTON, Aug 16: US industry expanded output by a steeper-than-expected 0.5 per cent in July, data showed on Friday, fanning recovery hopes....
|
|
AMIS files for $517.5 million stock offering
WASHINGTON, Aug 16: AMIS Holdings Inc., which makes integrated mixed signal semiconductor products for the automotive, medical and industrial markets, on Friday filed for a $517.5 million initial public stock offering....
|
