Navies protect trade, commerce: Shipping moot
KARACHI, May 7: Chief of the Navy Staff Admiral Shahid Karimullah said on Friday that under globalization and internationalism navies would not be - but for the protection of trade and commerce.
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Trade deficit belittles remittances
KARACHI, May 7: The widening of trade deficit to $419 million in April from $384 million in March 2004 has a message for the economic managers: Gone are the days when workers remittances or foreign exchange sent back home by overseas Pakistanis was enough to finance trade imbalance.
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CCoP to raise size of PPL offering
ISLAMABAD, May 7: The Cabinet Committee on Privatization (CCoP) on Wednesday decided to increase the size of initial public offering of Pakistan Petroleum Limited (PPL) and Kot Addu Power Company (Kapco).
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Ports asked to plan in regional perspective
KARACHI, May 7: The chairman, Karachi Port Trust (KPT), Vice Admiral Ahmed Hayat said on Friday that time had come that the ports should think, view and plan in the regional perspective and should also strive for integration into world trade.
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Pakistan Steel may invite international tenders Capacity expansion
ISLAMABAD, May 7: Pakistan Steel (PS) would invite international tenders for expanding its capacity from 1.1 million tons to 4 million tons in one go if a deal is not finalized soon on a government-to-government level.
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20.25m tons wheat output target likely
ISLAMABAD, May 7: The total requirement of wheat in Pakistan in 2004-05 will be 20.25 million tons, according to the official figures prepared by the Ministry of Food, Agriculture and Livestock (Minfal)
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PM to open investment moot today
ISLAMABAD, May 7: Prime Minister Mir Zafarullah Khan Jamali would inaugurate on Saturday the first international conference on "Investment Opportunities in Balochistan", at Quetta.
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8 agreements with Tajikistan finalized
ISLAMABAD, May 7: Pakistan and Tajikistan on Friday finalized eight agreements to be signed during the visit of Tajik President Emomali Rakhmonov next week and also agreed to subsequently negotiate preferential trade agreement and energy trade agreement.
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Modarabas merger: NOC obtained
KARACHI, May 7: First Paramount Modaraba announced on Thursday that it had received 'No Objection Certificate (NOC) from the Registrar, Modaraba Companies & Modarabas, Securities & Exchange Commission of Pakistan
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CBR to issue 0.3m NTNs next fiscal
ISLAMABAD, May 7: The Central Board of Revenue (CBR) has decided to issue National Tax Numbers (NTNs) to around 0.3 million taxable persons across the country during the tax-year 2004-05.
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Steady trend on cotton market
KARACHI, May 7: Cotton market on Friday maintained a firm trend as ginners appear to be in no haste to liquidate their unsold positions amid predictions of further increase in prices.
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Support at dips averts major fall on stock market
KARACHI, May 7: Stocks on Friday finished fully recovered from the early fall triggered by panic selling in the afternoon session followed by reports of a bomb blast in a city mosque and killing of a couple of persons.
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