Sindh to get $100m ADB loan next week: Payment of federal debts
KARACHI, April 7: The Sindh government is to receive a $100 million loan from the Asian Development Bank sometimes next week. Bulk of the amount - about Rs4 billion in Pakistani currency
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Ginners urged to improve lint quality
KARACHI, April 7: Governor State Bank Dr Ishrat Husain has advised the ginners to improve quality of cotton to fetch higher prices for Pakistani cotton in the international market. During his visit to the Karachi Cotton Association (KCA) here on Wednesday
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Long-term financing for projects discussed
KARACHI, April 7: A meeting of the senior bankers and businessmen held on Tuesday at the State Bank of Pakistan discussed in depth the new long-term financing for export-oriented projects.
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Smeda, LAP sign MoU
LAHORE, April 7: The Small and Medium Enterprise Development Authority (Smeda) has signed a memorandum of understanding (MoU) with the Leasing Association of Pakistan (LAP) to enhance the access of micro
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Ministerial committee's recommendations soon: Used car import
ISLAMABAD, April 7: The ministerial committee on cars is considering making recommendations shortly for implementing the decision of the federal cabinet to allow the import of reconditioned cars
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EU notifies increase in textile quota
KARACHI, April 7: The European Union (EU) has notified the enhancement of textile quota in all (14) categories after acceding membership to 10 new states.
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Chinese team to visit Pakistan
KARACHI, April 7: A high-powered Chinese delegation led by a senior minister will soon visit Pakistan to accelerate the pace of bilateral economic cooperation.
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Seamless units seek tariff protection
ISLAMABAD, April 7: A public hearing on the issue of zero-rated customs duty on the import of raw materials requested by the seamless industry was held at the National Tariff Commission here on Wednesday.
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Oil prices up
LONDON, April 7: Oil prices shot higher on Wednesday as a surprise fall in US inventories rekindled supply fears. The price of benchmark Brent North Sea crude oil for May delivery surged $1.26 to $32.61 per barrel in late deals.
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GCC states adopt criteria for monetary union
KUWAIT CITY, April 7: Gulf Arab states agreed on several key criteria on Wednesday to bring their economic and fiscal policies closer together for their anticipated monetary union, Kuwait's central bank governor said.
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Prices ease on cotton market
KARACHI, April 7: Cotton prices on Wednesday modestly eased from the previous levels as some of the ginners tried to unload their positions at the current levels amid predictions of further decline in prices.
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KSE 100-share index crosses 5,300-point barrier
KARACHI, April 7: The KSE 100-share index on Wednesday maintained its sustained upward drive and finally broke through the barrier of 5,300 amid predictions that its next chart point could be 6,000 well before the budget.
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