EU imposes 13.1pc duty on Pakistani bed linen
KARACHI, March 5: The European Commission has imposed 13.1 per cent definitive anti-dumping duty on bed linen imports from Pakistan with immediate effect. The punitive duty will remain effective for a period of five years.
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Body set up to resolve problems: Sugar industry
ISLAMABAD, March 5: The government on Friday constituted a 12-member committee to suggest long-term policy measures to resolve the problems of the sugar industry and the cane growers on a permanent basis.
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Australian wheat infected with fungus: PM informed
ISLAMABAD, March 5: Prime Minister Zafarullah Khan Jamali has been informed that the wheat consignment imported from Australia worth more than $30 million is infected with fungus
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Domestic borrowing cuts budget deficit
KARACHI, March 5: Pakistan is now financing its budget deficit primarily through domestic resources as a high level of liquidity in the economy has enabled it to increase non-bank borrowings.
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Consensus on cotton hedge trading sought
MULTAN, March 5: Local chapter of the Pakistan Cotton Ginners Association has decided to urge its central leadership to immediately convene a general body meeting in order to evolve a consensus
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Trade gap widens by 45pc in 8 months
ISLAMABAD, March 5: Pakistan's foreign trade deficit shot up by 44.99 per cent to $1,216.31 million (Rs69.87 billion) during the first eight months of the fiscal year 2003-04
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OGDCL
KARACHI, March 5: Almost everyone at the stock market is bullish on Oil and Gas Development Company Limited (OGDCL). The Privatization Commission did not sell it cheap.
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Farmers shifting to sunflower, canola crops
ISLAMABAD, March 5: Farmers are increasingly shifting their cropping pattern in favour of sunflower and canola due to persistent problems with the production of sugarcane, it is indicated by record increase in their acreage in the current year.
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Protocol on economic cooperation signed
ISLAMABAD, March 5: The Federation of Pakistan Chambers of Commerce and Industry has signed a protocol on economic cooperation with the Federation of Yemen Chambers of Commerce and Industry to further strengthen economic and commercial relations
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Senate body meeting on WTO regime today
ISLAMABAD, March 5: The Senate's Special Committee (SSC) on WTO will review the proposals received from various stakeholders to confront the challenges of WTO regime.
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Trading remains dull on cotton market
KARACHI, March 5: Cotton market on Friday passed through another dull session as spinners adhered to the sidelines anticipating further decline in prices.
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KSE 100-share index crosses 4,900-point barrier
KARACHI, March 5: Stocks closed the weekend session on a bullish note as investors were not inclined to take even a technical breather amid predictions of higher dividend news, ensuring a fair return on investment.
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