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| September 25, 2003 | Thursday | Rajab 27, 1424 |
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EU move to put cap on Pakistan textiles: Quota-free world
KARACHI, Sept 24: The European Union (EU) is manoeuvring to restrict quantum of textiles and clothing export from Pakistan even after the expiry of quota regime on December 31, 2004. Though... 
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State Bank limits direct PIB purchase: Institutional investors
KARACHI, Sept 24: Institutional investors, including insurance companies, have so far not shown any interest in the long-term bonds that the government will sell in the first week of October. This...
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S. Asian states asked to lower trade barriers
ISLAMABAD, Sept 24: The World Bank has asked the South Asian countries to undertake the third phase of reforms to further lower their trade barriers, which are extremely high in India...
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Shaukat assures higher returns on investment
KARACHI, Sept 24: Finance Minister, Shaukat Aziz has said that Pakistan had potential of offering much higher returns on investment, than most other destinations. He was speaking as a keynote speaker...
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ADB mission briefed
ISLAMABAD, Sept 24: A high-level Private Sector Operations Department (PSOD) mission of the Asian Development Bank led by Robert Bestani, Director General of PSOD, held a meeting with Secretary, Privatisation Division,...
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PTCL Declares 35pc dividend
KARACHI, Sept 24: Pakistan Telecommunication Company Limited (PTCL) declared dividend at Rs3.50 (35 per cent) for the year ended June 30, 2003 and net earnings slightly above Rs23 billion, beating analysts’...
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BD trade team to visit Pakistan
KARACHI, Sept 24: A high-level Bangladesh trade delegation will visit Pakistan from October 18-25 to promote and increase joint collaboration between the two countries. The delegation will also meet local business...
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Oil prices up more than $1 on Opec quota cut
LONDON, Sept 24: Oil prices rocketed upwards on Wednesday after industry cartel Opec caught the market by surprise in announcing an unexpected 900,000-barrel cut to production ceilings at its meeting in...
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Iraq seeks cooperation in rebuilding
ISLAMABAD, Sept 24: Iraqi Trade Minister Ali Allawi has said that his country considers Pakistan as an important friend who can contribute significantly to the process of Iraq’s rebuilding....
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$600 million Malaysian Islamic bond listed on BSE
KARACHI, Sept 24: A $600 million Malaysian sovereign Islamic bond (Sukuk) has been listed on the Bahrain Stock Exchange (BSE). A listing agreement between the two sides was signed in Manama,...
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Stocks trim losses on active short-covering
KARACHI, Sept 24: Stocks on Wednesday finished well above the early lows on active short-covering in most of the pivotals aided by higher than market expectations cash dividend of 35 per...
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Panic-buying pushes cotton prices up
KARACHI, Sept 24: Cotton market on Wednesday showed bullish trend as prices rose further on panic mill buying after the reentry of private sector exporters in the cotton trade....
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Karachi Port operations
KARACHI, Sept 24: Six ships carrying chemicals, tallow and soyabean meal are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
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Palm oil rebounds
KUALA LUMPUR, Sept 24: Malaysian crude palm oil futures rebounded strongly on Wednesday after players who sold a day earlier for profit returned to cover....
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Bank of Balochistan sought
KARACHI, Sept 24: Pakistan Institute of Banking Studies says the government should set up The Bank of Balochistan to provide focussed banking facilities in the less-developed province of Balochistan....
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PC sales up
NEW DELHI, Sept 24: India’s personal computer sales have boomed in the current fiscal year, with locally-made units hogging the market despite global giants offering glitzy products with shrinking price tags,...
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