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| October 15, 2003 | Wednesday | Sha'aban 18, 1424 |
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Textile mill owners seek Rs26bn subsidy: Import of cotton
KARACHI, Oct 14: The initial reports of pest attack on cotton crop and a bumper sugarcane crop have turned off Pakistan’s fabulously rich textile tycoons and sugar barons. Owners of textile... 
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Uncertainty brings car premium down
KARACHI, Oct 14: Uncertainty over much-awaited government’s decision on the fate of auto industry and reports of opening of imports of new and used cars has caused drop in premium rate...
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Banks go for internal credit risk ratings
KARACHI, Oct 14: Banks are getting prepared to implement risk management guidelines issued by the State Bank in the middle of August aimed at making banks more prudent in conducting banking...
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PSMA proposes 60 paisa excise duty on mills: Financing export
LAHORE, Oct 14: The Pakistan Sugar Mills Association has proposed to the government to levy an excise duty of Re0.60/kg on sugar mills on the basis of (domestic) consumption of 3.4...
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Oil prices gain
LONDON, Oct 14: Oil prices rose in late trading here on Tuesday, with traders saying that fund buying and technical factors were responsible rather than yet another bomb blast in Iraq....
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Car prices body for 50pc cut in import duty
ISLAMABAD, Oct 14: The task force on car prices has failed to persuade the manufacturers to reduce prices instead it has proposed to reduce duty on imported cars by up to...
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Yarn up by Rs7 in Faisalabad
FAISALABAD, Oct 14: The speculators have virtually taken over the local cotton and yarn market where rates of almost all the yarn brands and counts have gone up by Rs5 to...
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KSE 100-share index falls below 4,000 mark
KARACHI, Oct 14: The KSE 100-share index on Tuesday breached through the psychological barrier of 4,000 points on panic selling in PSO followed by reports of further delay in final bidding...
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SBP to keep T-bills rate stable
KARACHI, Oct 14: The State Bank seems set to keep the cut-off on six-month treasury bills stable and foil any bid by the banks trying to secure a substantial increase in...
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NIB to be capitalized at Rs1.2bn
KARACHI, Oct 14: NDLC-IFIC Bank Limited that was created as a result of amalgamation of National Development Leasing Corporation Limited (NDLC) with the Bangladeshi bank — International Finance Investment and Commerce...
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UK inflation
LONDON, Oct 14: British underlying inflation eased to an annual rate of 2.8pc in Sept from 2.9pc in August, but remained above the official target for the 11th straight month, official...
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Thar coal power dispersal to cost Rs5.5 billion
ISLAMABAD, Oct 14: The government has decided to undertake “transmission system for dispersal of power from Thar coal power project” at a cost of Rs5.5 billion that would generate 600 mw...
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FWB rates of return
KARACHI, Oct 14: First Women Bank has announced to offer 1.90 per cent return on its PLS saving accounts during October-December 2003....
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Prices ease slightly on cotton market
KARACHI, Oct 14: Cotton market on Tuesday remained in a bullish frame of mind as spinners, haunted by fears of a short crop, were not inclined to sit on the sidelines...
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Karachi Port operations
KARACHI, Oct 14: Seven ships carrying DAP fertilizer, crude oil and containers are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
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Palm oil prices
KUALA LUMPUR, Oct 14: Palm oil futures surged again on Tuesday but ended off their highs after the Malaysian Derivatives Exchange imposed curbs to address a volatile market....
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Dollar gains
LONDON, Oct 14: The dollar fought back against the euro on Tuesday, spurred on by a stronger US stock market and prospects of a further improvement in US economic data....
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Increase in cotton prices resented
FAISALABAD, Oct 14: All Pakistan Cloth Exporters Association has expressed apprehension over the rising raw cotton prices, which, it said, might upset the export target of $12 billion for this fiscal....
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