SBP okays merger plan of leasing co, bank
KARACHI, Sept 25: National Development Leasing Corporation Limited (NDLC) announced on Thursday that its Scheme of Amalgamation with International Finance Investment and Commerce Bank Limited (IFICL) had been sanctioned by the...
Govt decision on Euro bond by October 15
KARACHI, Sept 25: The government will decide by October 15 when to float the Euro Bond — either in 2003 before December or next year in 2004 — and all other...
Individuals can invest in PIBs
KARACHI, Sept 25: Big news for small savers — for individuals: they can buy long-term Pakistan Investment Bonds from next month, but they will have to be an account-holder of one...
For how long do we tolerate this charade?
KARACHI, Sept 25: In what is seen a rare show of political unity, members of both the treasury and the opposition benches in the National Assembly started thumping loudly when Sardar...
PTCL leads 151 points gain on stock market
KARACHI, Sept 25: The recent downturn was halted on the Karachi Stock Exchange on Thursday as institutional traders covered positions at the lower levels aided by some positive developments on the...
Gold 7-year high
LONDON, Sept 25: Gold jumped to its highest level for more than seven years on Thursday morning, as a surprise decision from Opec on Wednesday to cut oil output combined with...
Pakistan, Afghanistan trade stands at $650m
KABUL, Sept 25: Afghan Commerce Minister Syed Mustafa Kazimi said on Thursday that official bilateral trade between Pakistan and his country has reached $650 million mark since last year....
OGDCL, NBP IPOs next month
ISLAMABAD, Sept 25: The Privatization Commission has decided to hold public offering of the shares of Oil and Gas Development Company Limited (OGDCL) and National Bank of Pakistan next month, Privatization...
ADB to provide $200m for SME sector uplift
ISLAMABAD, Sept 25: The Asian Development Bank on Thursday proposed $200 million for the SME sector development programme for this year to further strengthen the private sector by providing better access...
Firm conditions on cotton market
KARACHI, Sept 25: Firm conditions prevailed on the cotton market on Thursday as prices rose further higher amid a briskly traded session in the backdrop of conflicting reports about the damage...
Ongoing NWFP projects to get funds in bulk
PESHAWAR, Sept 25: The ongoing development schemes will receive funds in bulk on top priority basis during the current financial year, according to officials....
Aptma to elect chairman on Oct 11
LAHORE, Sept 25: The Central Managing Committee (CMC) of the All Pakistan Textile Mills Association (Aptma) rescinded here on Thursday its previous decision of declaring Mr Waqar Monnoo as unanimous chairman,...
Euro-zone M3 growth
FRANKFURT, Sept 25: Growth of the euro-zone money supply, which the European Central Bank views as a key indicator of future inflation, slowed in August, data showed on Thursday....
Karachi Port operations
KARACHI, Sept 25: Four ships carrying containers and chemicals are expected to arrive at the outer anchorage on Friday, according to KPT sources....
PIA may get 2 Boeing 777 in January
KARACHI, Sept 25: Pakistan International Airlines is likely to get the first two Boeing 777 planes in January next year out of the eight that it is set to receive in...
Draft SAFTA treaty to be finalized next month
ISLAMABAD, Sept 25: The Saarc-member countries are likely to conclude the draft South Asia Free Trade Area (SAFTA) treaty next month allowing free trade among the member countries by 2005....
Lamy denies EU, US duopoly at Cancun
BRUSSELS, Sept 25: Key developing nations, which opposed American and European plans for farm trade liberalization in Cancun, Mexico, earlier this month were venting their anger over the US led war...
WTO chief due on Oct 2
ISLAMABAD, Sept 25: The World Trade Organization (WTO), Director General, Mr Supachai Panitchpakdi is arriving here on a two-day visit on October 2....
Palm oil prices up
KUALA LUMPUR, Sept 25: Malaysian palm oil futures closed higher on Thursday, boosted by strong export data for September 1-25 and a fresh rally overnight in rival soyaoil....
Transport cargo service
SIALKOT, Sept 25: The higher officials of National Logistic Cell (NLC) after launching the transport cargo service on trial from Sialkot (Pakistan) to Iran, Turkey and Afghanistan, has declared this route...