WB wants levies on gas, POL enhanced
ISLAMABAD, Nov 25: The World Bank has asked Pakistan to increase significantly taxation on natural gas to enhance its revenue contribution and raise petroleum levy on oil products in case of...
SBP keeps TBs rate stable
KARACHI, Nov 25: The State Bank on Tuesday refused to let the yields on treasury bills rise sharply to avoid sending a wrong signal to the market. But in doing so...
Sales of bike, tractor up
KARACHI, Nov 25: The entire auto sector gave a mixed performance during July-October 2003 with notable increase in production and sales of motorcycles, tractors and trucks. However, production and sales of...
Petroleum sector investment
ISLAMABAD, Nov 25: Minister for Petroleum and Natural Resources, Ch. Nouraiz Shakoor on Tuesday said about $1 billion were invested in exploration and production sector in Pakistan by foreign oil and...
Small textile units opt for Eid holidays
LAHORE, Nov 25: Caught between the rock and a hard place, several small single unit textile mills will remain closed for at least next five days to circumvent additional costs on...
OGDCL IPO attractsRs28bn
KARACHI, Nov 25: A total of 94,493 applications have been received for the stock worth Rs28.013 billion in Oil and Gas Development Company Limited (OGDCL)....
Aptma case hearing put off
KARACHI, Nov 25: The Sindh High Court on Tuesday put off hearing on a petition of All Pakistan Textile Mills Association chairman Waqar Monnoo till December 1. In his petition Waqar...
Pakistan to build 2nd clean oil pipeline
KARACHI, Nov 25: Pakistan plans to start the construction of a second pipeline carrying clean oil products next year to cut the upstream transportation costs, the managing director of the main...
Export finance rate
KARACHI, Nov 25: The State Bank has decided to keep unchanged at 1.5 per cent its export refinance rate for December 2003, according to a circular (BPD No 41) issued here...
Stocks finish pre-Eid session on firm note
KARACHI, Nov 25: Despite late selling in some of the pivotals, stocks managed to finish the pre-Eid holiday session on a firm note, signalling the current recovery drive will be resumed...
Holiday mood prevails on cotton market
KARACHI, Nov 25: Pre-Eid holiday mood prevailed on the cotton market on Tuesday as both buyers and sellers kept to the sidelines most of the time because of delivery problems....
Karachi Port operations
KARACHI, Nov 25: Four ships carrying coal, crude oil and chemicals are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
Port Qasim
KARACHI, Nov 25: Three ships carrying coal, containers and edible oil arrived at the outer anchorage during the last 24 hours, said a PQA press release on Tuesday....