Efforts under way to recover lost ground: Exports fall in Feb
KARACHI, March 22: A sharp drop of more than 17.5 per cent in exports during single month of February as against exports in January has proved to be a wake up call for the export planners
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Saudi Arabia for enhancing trade with Pakistan
ISLAMABAD, March 22: The Saudi government has proposed various measures to increase the volume of trade between the two countries.
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Kohinoor Oil Mills pre-bid moot tomorrow
ISLAMABAD, March 22: The Privatization Commission (PC) is holding Kohinoor Oil Mills Limited (KOML) Pre-Bid Conference on March 24. The government is off-loading 51pc shares of the mills on "as is where is" basis.
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Govt plans to modify Fertilizer Policy
ISLAMABAD, March 22: The Fertilizer Policy 2001 has failed to attract investment forcing the authorities to drastically modify it by extending new incentives in the budget for 2004-05.
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Saarc states discuss taxation treaty
ISLAMABAD, March 22: The seven Saarc member countries on Monday initiated dialogue on signing a multilateral taxation treaty with limited scope with regard to avoidance of double taxation among the member countries.
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SBP sucks in Rs5.1bn
KARACHI, March 22: The State Bank on Monday siphoned off Rs5.1 billion from a fairly liquid inter-bank money market for up to four weeks at an open market operation called for this purpose.
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Lead manager for PPL offering
ISLAMABAD, March 22: The Privatization Commission has appointed Elixir Securities Pakistan Limited as the lead manager for the initial public offering (IPO) of the shares of Pakistan Petroleum Limited (PPL)
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IFAC recognizes SAFA
KARACHI, March 22: The International Federation of Accountants (IFAC) has given its recognition to the South Asian Federation of Accountants (SAFA) as a regional group.
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ST refund collectorate to stay open on Sundays
KARACHI, March 22: The sales tax refund collectorate to remain open on Sundays as well as on other public holidays to clear the backlog of sales tax refund claims of exporters.
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Rice import from India opposed
LARKANA, March 22: The Sindh Baluchistan Rice Millers and Traders Association (SBRMTA) on Monday apprehended that buying 500,000 tons of rice from India would jeopardize rice industry in Pakistan.
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Trading remains dull on cotton market
KARACHI, March 22: Physical trading on the cotton market on Monday remained dull as spinners were not inclined to make fresh commitments ahead of Tuesday's closure on account of Pakistan Day holiday.
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KSE index fails to sustain weekend level of 5,000
KARACHI, March 22: Stocks on Monday resumed trading on a higher note followed by active follow-up in selected shares but finished well blow the day's best levels on late selling.
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