|
| December 17, 2003 | Wednesday | Shawwal 22, 1424 |
|
Import of 0.5m tons wheat allowed: ECC decision
ISLAMABAD, Dec 16: The Economic Coordination Committee (ECC) of the cabinet here on Tuesday allowed Passco to import half-a-million tons of wheat through international tenders “to build wheat reserves, stabilize prices,... 
|
|
Saarc summit to focus on trade expansion
ISLAMABAD, Dec 16: The Saarc Summit being held in Islamabad from January 4 to 6, 2004 is expected to discuss and finalize mainly increased trade and economic cooperation agenda....
|
|
||
|
Investment in energy sector encouraged
ISLAMABAD, Dec 16: Prime Minister Mir Zafarullah Khan Jamali on Tuesday said that his Government would continue to pursue investor-friendly policies in the petroleum and energy sector to promote foreign investment...
|
|
Sugar development cess proposed
ISLAMABAD, Dec 16: Pakistan Sugar Mills Association (PSMA) has proposed to the government that a sugar export development fund (SEDF) be created by levying a development cess at the rate of...
|
|
|
||
|
Active short-covering checks fresh decline on KSE
KARACHI, Dec 16: Stocks on Tuesday resisted fresh decline aided by active short-covering on the blue chips counters at the lower levels but leading sellers were conspicuous by their absence apparently...
|
|
SECP halves registration fee of cos
ISLAMABAD, Dec 16: Securities and Exchange Commission of Pakistan (SECP) announced here Tuesday drastic reduction in fee payable by promoters for incorporation of companies to encourage corporatization in the country, according...
|
|
|
||
|
Investment prospects in telecom bright
ISLAMABAD, Dec 16: Minister for Privatization and Investment, Dr. Abdul Hafeez Shaikh said on Tuesday that the telecom sector offered new opportunities to foreign investors....
|
|
Exim Bank to finance PIA’s purchase of Boeing
WASHINGTON, Dec 16: Pakistan International Airlines (PIA) and Export-Import Bank of the United States (Exim Bank) on Monday signed the financing agreement to provide long-term financing to support the sale of...
|
|
|
||
|
Russia to invest in auto sector
ISLAMABAD, Dec 16: The Russian Automobile manufacturers, who are visiting Pakistan have shown keen interest in setting up manufacturing facilities in the country for making automobiles....
|
|
Internet money transfer service
WASHINGTON, Dec 16: Internet giant Yahoo on Monday launched an online payment service allowing users to send money to family and friends in 182 countries....
|
|
|
||
|
UK inflation
LONDON, Dec 16: British economic policymakers received a double helping of good news on Tuesday as two sets of annual inflation figures showed falls, though analysts said further interest rate rises...
|
|
$1488m remitted in 5 months
KARACHI, Dec 16: Workers during the first five months of the current fiscal year (July-November) have remitted $1488.08 million....
|
|
|
||
|
Mineral sector’s share in economy to be increased: Workshop told
ISLAMABAD, Dec 16: Petroleum Secretary Abdullah Yusuf on Tuesday said the government had accorded priority to develop the mineral sector and set a target to enhance its present share in national...
|
|
Prices ease on cotton market
KARACHI, Dec 16: Cotton prices on Tuesday eased modestly from the current higher levels on renewed ginner selling prompted by reports of import of lint from India and some other countries...
|
|
|
||
|
US wants more LNG imports from Opec
WASHINGTON, Dec 16: Opec ministers and officials from other major energy producing countries will meet with the Bush administration this week to discuss the growing US thirst for imports of liquefied...
|
|
Asia dominates crude buying
LONDON, Dec 16: Asian buying of West African crude has stayed healthy at around 1.2 million barrels per day for January-loading cargoes, though it has dipped from near record levels of...
|
|
|
||
|
BoJ monetary policy
TOKYO, Dec 16: Japan’s central bank on Tuesday said its policy board left unchanged its current accommodative monetary policy stance while forecasting a slow recovery for the world’s second-largest economy....
|
|
China gets mixed marks from WTO states
GENEVA, Dec 16: China’s trading partners gave it mixed marks in an annual review on Tuesday, welcoming moves to adapt economic policies to World Trade Organisation (WTO) norms, but complaining of...
|
|
|
||
|
Sterling at 11-year peak versus dollar
LONDON, Dec 16: Sterling hit a new 11-year high against the dollar on Tuesday as weak US inflation data reinforced expectations US interest rates would remain low, putting the greenback under...
|
|
Karachi Port operations
KARACHI, Dec 16: Eight ships carrying raw jute, steel and bitumen are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
|
