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| September 19, 2003 | Friday | Rajab 21, 1424 |
OMCs freeze investment in NWFP, Balochistan: Smuggled Iranian oil
 KARACHI, Sept 18: Leading oil marketing companies (OMCs) have frozen their investment plans in Balochistan and NWFP owing to inflow of cheaper Iranian petrol and diesel. However, they rule out any...
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Pakistan may lose edge if India wins case: EU extra tariff relief
KARACHI, Sept 18: Pakistan may lose the edge of additional tariff concessions allowed by the European Union about two years ago, once the WTO appellate body gives its final verdict on...
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Hedging against interest rate risks
KARACHI, Sept 18: The State Bank has started giving approvals for derivative-specific proposals for hedging against interest rate risks on the basis of a case-by-case scrutiny....
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EOBI acquires ULCL stakes
KARACHI, Sept 18: Employees Old Age Benefits Institution (EOBI) has acquired controlling interest in Universal Leasing Corporation Ltd (ULCL) with an acquisition of 72 per cent shareholding and nomination of five...
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Bulls stage comeback, index recovers 182 points
KARACHI, Sept 18: The KSE 100-share index on Thursday recovered 182 points followed by active short-covering in the leading base shares, signalling that bull-run will continue in the sessions to come...
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Govt to raise Rs50bn thru PIBs in Oct-Dec: Coupon rates cut
KARACHI, Sept 18: The government aims at raising Rs50 billion local currency debt through long term Pakistan Investment Bonds in the next quarter chiefly to drain out excess liquidity from the...
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Sugar subsidy ruled out
ISLAMABAD, Sept 18: Commerce minister, Humayun Akhtar Khan said on Thursday that government has no plan to provide subsidy on export of surplus sugar....
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270 securities join NCSS in 2002-03
KARACHI, Sept 18: Central Depository Company of Pakistan Limited (CDC) announced on Wednesday that 270 securities had joined National Clearing & Settlement System (NCSS) during the financial year 2002-03, taking the...
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Cabinet to okay public debt bill on 24th
ISLAMABAD, Sept 18: The government has decided to reduce over Rs1.8 trillion outstanding public debt to below Rs1 trillion by 2012 and eliminate around Rs125 billion revenue deficit by 2007 through...
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S. Asia needs to step up reforms: IMF
DUBAI, Sept 18: South Asian countries must step up reforms as current levels of growth are not good enough to tackle looming poverty and high public deficits, the International Monetary Fund...
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22 MPs task force on WTO set up
ISLAMABAD, Sept 18: The government has constituted a task force of 22 parliamentarians to seek information on the progress in the on going negotiations between WTO member countries, study its implications...
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Active buying on cotton market
KARACHI, Sept 18: Active trading was witnessed on the cotton market on Thursday as leading spinners and mills indulged in big-lot business fearing further increase in prices....
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Karachi Port operations
KARACHI, Sept 18: Cargo handling activity at the Karachi port on Thursday was fairly active as the total tonnage handled soared to a record 0.131m tons, according to KPT sources....
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SECP chief assures support to NCEL
KARACHI, Sept 18: The chairman, Securities and Exchange Commission of Pakistan (SECP), Dr Tariq Hasan has said that the operations of National Commodity Exchange Limited (NCEL) should “start as soon as...
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Transfers, postings
ISLAMABAD, Sept 18: The Central Board of Revenue (CBR) has transferred and posted 10 senior officials of income tax and customs groups....
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Palm oil prices lower
KUALA LUMPUR, Sept 18: Malaysian palm oil ended down after a rollercoaster ride that saw it slumping on bearish news about China, then rallying on export hopes for September before closing...
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