China needs to expedite opening of economy: US: WTO obligations
SHANGHAI, Sept 17: China needs to accelerate the opening of its economy to offset increasing trade tensions with the United States, former US trade representative Charlene Barshefsky said here on Wednesday....
Risk management top priority: SECP
KARACHI, Sept 17: The chairman, Securities and Exchange Commission of Pakistan, Dr. Tariq Hassan, has said that risk management is on his priority of agenda and he would encourage healthy and...
LHC stays Thatta Cement sell-off process
ISLAMABAD, Sept 17: The Cabinet Committee on Privatisation (CCoP) on Wednesday decided to hold rebidding of Thatta Cement among top four bidder but Lahore High Court, Rawalpindi bench issued a stay...
SBP raises yield on six-month treasury bills
KARACHI, Sept 17: The cut-off on six-month treasury bills went up by 38 basis points on Wednesday confirming all earlier signals from the State Bank that it intends to stabilize the...
Renewed selling erodes Rs21bn from stock market
KARACHI, Sept 17: Stocks on Wednesday again fell across the board on renewed selling by all and sundry eroding another Rs21bn from the market capitalization at Rs955.00bn amid an actively traded...
Pakistan to invest $7 billion reserves
ISLAMABAD, Sept 17: Pakistan has engaged an international foreign fund manager of repute to help invest the country’s roughly $7 billion foreign exchange reserves in some profitable ventures....
Japan may impose ban on Pakistan fishmeal
ISLAMABAD, Sept 17 : Japan is likely to ban import of fishmeal from Pakistan objecting to what Tokyo believes to be the below standard quality of recent consignments....
MCA, NTC included in body on car prices
ISLAMABAD, Sept 17: The government on Wednesday expanded the task force on car prices engaging Monopoly Control Authority (MCA) and National Tariff Commission (NTC) in the probe and also initiated an...
Shaukat to attend IMF, WB meeting
ISLAMABAD, Sept 17: Finance Minister Shaukat Aziz will attend annual meeting of the IMF and the World Bank in Dubai from September 20 to 24....
Oil prices at four-month low as US stocks rise
LONDON, Sept 17: Oil prices slipped sharply on Wednesday, hitting near-four month lows after weekly figures showed a bigger than expected rise in US stocks of crude oil and gasoline....
‘Pakistan expo in India by year-end’
KARACHI, Sept 17: Potential export products of Pakistan will be exhibited in India in December 2003 at New Delhi....
NWFP fails to improve revenue: Tobacco cess
PESHAWAR, Sept 17: The NWFP government’s recently adopted legislative measure to improve revenue under the provincial own receipts head of tobacco development cess by Rs50 million is likely to remain far...
State Bank, SECP to share information
KARACHI, Sept 17: The State Bank on Wednesday signed an MoU or memorandum of understanding with the Securities and Exchange Commission of Pakistan for a better coordination and efficient monitoring of...
Car makers blame inadequate law for high premium
LAHORE, Sept 17: Criticizing the government for what car makers term as an attempt at “pressuring them into yet another price reduction dialogue”, they blame inadequate legislation for high premiums being...
Prices remain steady on cotton market
KARACHI, Sept 17: Cotton prices on Wednesday remained stable as despite steady arrivals of phutti into the ginneries, ginners held on to their positions rather than selling at the dips....
Karachi Port operations
KARACHI, Sept 17: Berthing activity at the Karachi port on Wednesday was maintained on the higher side as agencies tried to clear the inward rush of foreign flag vessels, according to...
Auto sector prices fall on KSE
KARACHI, Sept 17: The setting up of task force and beginning of WTO talks in Cancun has caused a decline in the market capatilization levels of the auto sector at the...
Frankfurt fair
KARACHI, Sept 17: Eleven Pakistani companies took part at Tendence-Lifestyle fair in Frankfurt. It gave great opportunity to participants to display their wide range of consumer goods, including handicrafts, furniture and...