Poultry industry seeks soft loan
KARACHI, March 15: The poultry industry is seeking finances on low mark up to re-establish itself in the post-bird flu crisis period. The crisis has turned the economics of the entire sector upside down.
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Can makers partially shut business: Steel price jump
KARACHI, March 15: Pakistan Metal Containers Manufacturers Association (PMCMA) has forecast acute shortage of commodities as many container making units have partially closed their operations due to shortage of iron and steel products.
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$ rises past Rs57.50 in inter-bank market
KARACHI, March 15: The US dollar crossed the psychologically important barrier of Rs57.50 on Monday in the inter-bank market on increased demand for making government and corporate debt payments.
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Petrol price cut by five paisa
KARACHI, March 15: The Oil Companies Advisory Committee (OCAC) on Monday made a minor cut of five paisa in ex-depot sale price of petrol to fix at Rs34.75 from Rs34.80 per litre.
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MFN status to expand trade: Indian envoy
ISLAMABAD, March 15: Indian High Commissioner, Shivshankar Menon has asked Pakistan to accord MFN status to India which he believed was necessary for expanding cooperation and trade between the two countries.
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Duty-free import of machinery may be allowed: Container terminals
ISLAMABAD, March 15: The existing fiscal benefits, being provided to the infrastructure projects under Build, Operate and Transfer (BOT) agreements
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OIC task force moot begins today
LAHORE, March 15: Delegates from various Muslim countries have arrived to participate in the third meeting of the Organization of Islamic Conference (OIC) Task Force on small and medium enterprises (SMEs) starting from Tuesday.
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Pakistan State Oil
KARACHI, March 15: By some accounts, Pakistan State Oil as the market leader in oil marketing companies, had an overall market share of 65 per cent in the financial year 2003.
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REAP seeks directive on tax cut
KARACHI, March 15: Rice Exporters Association of Pakistan (REAP) vice-chairman Shaikh Arshad Mahmood has drawn the attention of the member direct taxes, CBR, towards the fact that banks are still deducting 1.25 per cent withholding tax on packings above five kilograms.
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Trade ministers posted
ISLAMABAD, March 15: The government has posted 18 trade ministers, counsellor generals, commercial counsellors and commercial secretaries abroad.
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Ginners lower prices on cotton market
KARACHI, March 15: Brisk trading was witnessed on the cotton market on Monday as spinners and mills resumed their covering operations after ginners lowered their asking prices.
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Market capital touches Rs1,300bn level
KARACHI, March 15: The market capital on Monday soared by Rs10bn and breached through the barrier of Rs1,300bn, touching a record high level followed by active covering purchases in most of the massively-capitalized shares.
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