Firms asked to import more wheat herbicides
MULTAN, Nov 24: Federal and Punjab agriculture departments have urged the pesticides firms to immediately import additional quantity of herbicides needed for the wheat crop in the wake of rise in...
Banks lend at below 2pc to public sector
KARACHI, Nov 24: The ongoing loan price war has forced major local banks to quote below two per cent mark-up on their financing to state-run organizations and government departments for purchase...
NWFP revenue shortfall rises to Rs2 billion
PESHAWAR, Nov 24: The NWFP government’s budgetary deficit is increasing with every passing month of the current financial year due to revenue shortfall under important internal and external revenue receipt heads,...
SECP to set up National Stock Exchange
ISLAMABAD, Nov 24: The Securities and Exchange Commission of Pakistan has decided to establish by June 2004 a National Stock Exchange (NSE), which will replace the existing mutualized bourses of Pakistan,...
Oil prices fall more than $1 on fund selling
LONDON, Nov 24: IPE Brent crude oil futures fell more than $1 a barrel on Monday amid a bout of heavy selling by funds taking profit from last week’s rally, traders...
NBP to open branches in Saudi Arabia
KARACHI, Nov 24: National Bank of Pakistan (NBP) is examining the possibilities to set up a branch network in Saudi Arabia to tap between $700- $800 million worth remittances of overseas...
S. Asian Exchange regulators’ forum
LAHORE, Nov 24: A forum of exchange and securities regulatory organizations of South Asian countries will be held at a local hotel on December 4 on the sidelines of the third...
Gold prices ease
LONDON, Nov 24: Gold continued to weaken on Monday afternoon in Europe in a currency-related move amid profit-taking induced by approaching holidays, traders said....
CIRC to acquire NPAs of HBL
LAHORE, Nov 24: The Corporate and Industrial Restructuring Corporation (CIRC) is in the process of acquiring 81 non-performing accounts involving an outstanding amount of Rs16 billion from Habib Bank Ltd....
Automated odd lots market
KARACHI, Nov 24: The Karachi Stock Exchange is launching automated odd lots market from December 01, 2003, KSE announced here on Monday....
WTO adopts steel ruling on Dec 1
GENEVA, Nov 24: The WTO will adopt a ruling against US steel tariffs on December 1, a spokesperson said on Monday, enabling the EU to slap billions of dollars in sanction...
TCP pays Rs172.85m to sugar mill
KARACHI, Nov 24: Trading Corporation of Pakistan (TCP) has disbursed Rs172.855 million to a sugar mill as a part payment (85 per cent) against the purchase of 13,000 tons sugar....
KSE 100-share index crosses 4,000-point barrier
KARACHI, Nov 24: Prime minister’s ceasefire offer along the Line of Control in Kashmir and some other peace initiatives boosted stock trading on Monday as investors flooded the market and lifted...
Cotton market rules firm
KARACHI, Nov 24: Cotton prices on Monday stayed firm around the weekend levels but physical activity was relatively slow as a section of spinners adhered to the sideline because of delivery...
REAP to set up seed processing plant
LARKANA, Nov 24: The Rice Exporters Association of Pakistan (REAP) south zone has decided to set up seed processing plant at suitable site in Sindh....
Karachi Port operations
KARACHI, Nov 24: Four ships carrying coal, general cargo and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....