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| September 20, 2003 | Saturday | Rajab 22, 1424 |
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Pakistan no more vulnerable: Moody’s: Index improves to 38pc
ISLAMABAD, Sept 19: Pakistan’s external vulnerability index has significantly improved and now stands at 38 per cent and is better than many other developing countries.... 
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Hafeez for speeding up pace of sell-off
ISLAMABAD, Sept 19: Minister for Privatization and Investment Senator Dr. Abdul Hafeez Shaikh on Friday called for accelerating the pace of privatization as, he said, the government was determined to transfer...
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Dollar at 33-month low against yen
LONDON, Sept 19: The dollar plunged to a 33-month low against the yen on Friday as markets continued to test the willingness of Japanese monetary authorities to intervene to stem the...
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Oil prices fall to new 4-month low
LONDON, Sept 19: IPE Brent crude oil futures forged a new four-month low on Friday, slipping back from earlier gains as tropical storm Isabel weakened and traders jumped on the chance...
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IMF chief upbeat on global recovery
DUBAI, Sept 19: IMF managing director Horst Koehler on Friday expressed guarded optimism about the state of the global economy, highlighting risks that threaten the prospects for a sustained recovery....
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Stocks suffer 85.75 points fall on profit-selling
KARACHI, Sept 19: Stocks on Friday failed to extend the overnight run-up and ran into weekend profit-selling followed by conflicting reports about the proposed deal on the LFO between MMA and...
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Thatta Cement LHC allows 2nd round of bidding
ISLAMABAD, Sept 19: The Lahore High Court, Rawalpindi bench, on Friday allowed Privatization Commission (PC) to hold second round of bidding for the sale of the 90pc shares of Thatta Cement...
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G7 meeting to focus on currencies, deficits
DUBAI, Sept 19: Finance ministers from the world’s seven richest nations meet in Dubai from Saturday amid growing optimism over the state of the world economy, but with concerns about exchange...
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KSE to host investment moot in Dubai
KARACHI, Sept 19: The KSE will host a mega event “Pakistan: Investment Destination” in Dubai on September 22, to attract foreign fund managers to Pakistani stock market. Leading international conference organizers...
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CBR to bring 300,000 new taxpayers under net
LAHORE, Sept 19: The Central Board of Revenue (CBR) would bring as many as 300,000 new taxpayers under the tax net during the current fiscal year....
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Aga Khan Fund to set up bank in Kabul
KABUL, Sept 19: The Aga Khan Fund for Economic Development (AKFED) on Friday received a banking licence for setting up The First Micro Finance Bank (FMFB) in Afghanistan. The institution, with...
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Iraqi team to attend IMF, WB meetings
DUBAI, Sept 19: A delegation from the US-backed interim Iraqi government will attend as “special invitees” the annual meetings here of the International Monetary Fund (IMF) and the World Bank, an...
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Buying spree continues on cotton market
KARACHI, Sept 19: Cotton prices on Friday remained stable as spinners were not inclined to take even a technical breather and lifted all the lots offered for sales by ginners....
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SECP fines two cos
ISLAMABAD, Sept 19: The Securities and Exchange Commission of Pakistan (SECP) has penalized the chief executive and directors of two companies for illegally inviting deposits from the public in violation of...
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Pakistan stands 2nd in taint-free cotton export
SADIKABAD, Sept 19: Pakistan has succeeded in securing second position in exporting contamination-free lint cotton from the eighteenth position in international market....
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Karachi Port operations
KARACHI, Sept 19: Five ships carrying raw jute, soyabean meal and containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....
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APCEA wary of India moves at WTO body
FAISALABAD, Sept 19: All-Pakistan Cloth Exporters Association (APCEA) has warned that if the advantage enjoyed by Pakistani bed linen exporters was lost to India, it would become extremely difficult to sustain...
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APTBA seeks relaxation from CBR
KARACHI, Sept 19: The All Pakistan Tax Bar Association (APTBA) has urged the Central Board of Revenue (CBR) to withdraw the condition of keeping books of account for the year 2003....
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