Low Graphics Site

October 31, 2003 Friday Ramazan 4, 1424 Govt raises Rs2bn in two months: Pensioner/widow savings KARACHI, Oct 30: The government raised Rs2.179 billion in the first two months of this fiscal year through two tailor-made national saving schemes for pensioners and for widows. It managed to... Over 10,000 powerlooms inoperative: Cotton, yarn price hike FAISALABAD, Oct 30: Over 10,000 powerlooms have become idle, while scores of other units are on the verge of closure because of alarming increase in prices of cotton yarn and phutti.... ECC to consider withdrawal of GST on fertilizer ISLAMABAD, Oct 30: The Economic Coordination Committee (ECC) of the cabinet meets here on Friday to consider withdrawal of 15 per cent general sales tax (GST) on phosphatic fertilizer to contain... Wild purchase of cotton blamed for price hike KARACHI, Oct 30: Pakistan’s prestigious multi-billion rupees foreign exchange earner textile industry is proving a house of wax which has started melting under the heat of rising prices of cotton.... Gold prices off highs after hitting $390 LONDON, Oct 30: Gold prices smashed through the $390 per ounce barrier on Thursday, coming within a whisker of recent seven year highs before retreating in response to a jump in... Export finance rate unchanged at 3pc in November KARACHI, Oct 30: Banks will continue to charge maximum markup of 3 per cent on the export financing to the eligible exporters in November 2003 as the State Bank has left... S&P team reviews investment climate KARACHI, Oct 30: A team of sovereign credit rating agency Standard and Poor’s (S&P) on Wednesday held meeting with leading Pakistani businessmen at the Export Promotion Bureau.... Two Aptma members resign LAHORE, Oct 30: Aptma-Punjab vice-chairman Shahzad Salim reportedly resigned on Thursday from his office, deepening the crisis in the powerful organization of the country’s 300 plus spinners.... Faysal Bank KARACHI, Oct 30: Granted that the Karachi Stock Exchange is in the throes of an unprecedented bull run with equities rising by 112 per cent last year and almost 48 per... Farm lending to be made easier, says Shaukat KHAIRPUR, Oct 30: Federal Minister for Finance Shoukat Aziz on Thursday said that process of agricultural loans would be made easier.... Crop output cut triggers bull-run on cotton market KARACHI, Oct 30: Cotton prices on Thursday again rose followed by reports of lowering of the official production target by half a million bales to 10m bales owing to damage caused... Govt plans one roof facility for traders LAHORE, Oct 30: The government would introduce one roof facility for traders so they get their problems resolved under the same roof, instead of running from one department to another.... KSE 100-share index resists fresh decline KARACHI, Oct 30: Pakistan’s acceptance of Indian proposals for confidence-building measures has a positive impact on the stock market on Thursday as investors made modest short-covering on selected counters, but the... Aptma team discusses issues with SBP chief KARACHI, Oct 30: State Bank Governor Dr Ishrat Husain has said that a bankruptcy law has been prepared and is in the process of approval.... Karachi Port operations KARACHI, Oct 30: Eight ships carrying palm oil, coal and general cargo are expected to arrive at the outer anchorage on Friday, according to KPT sources.... Worldwide piracy attacks on rise KUALA LUMPUR, Oct 30: Pirate attacks on seafarers worldwide hit a new high in the first nine months of the year and Indonesia accounted for 25 per cent of the total,... MCB profit up by 41.4pc KARACHI, Oct 30: Muslim Commercial Bank Limited (MCB) posted 41.4 per cent growth in after-tax profit to Rs1,753 million for the nine months ended September 2003, from Rs1,239 million in the... Oil prices fall on US data LONDON, Oct 30: IPE Brent crude oil futures fell below key support on Thursday, pushed down by a sliding New York market as traders digested US government stock data showing a... Crescent Steel ratings KARACHI, Oct 30: JCR-VIS credit rating company says it has upgraded the medium to long-term rating of Crescent and Allied Products Ltd. to single A plus from single A with stable... Palm oil prices lower KUALA LUMPUR, Oct 30: Malaysian crude palm oil futures closed lower on Thursday, pressured by talk of smaller than expected exports for October, traders said....

Contributions Privacy Policy © DAWN Group of Newspapers, 2005