Pakistan opposed to EU demand: Sensitive farm items list
ISLAMABAD, July 28: Pakistan has urged the G-20 countries to reject the demand of the developed countries asking for maintaining a huge list of sensitive agriculture products in the framework agreement for making any progress in the area of agriculture.
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EU exempts three rice varieties from customs duty
ISLAMABAD, July 28: The European Union (EU) has exempted customs duty on import of three varieties of rice in brown form from Pakistan. The exemption would be effective from September 1, 2004.
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Applications may touch 0.8m mark: PPL share offering
KARACHI, July 28: Looking at the incoming numbers on Wednesday, most market gurus said they wouldn't be surprised if the total number of applications for shares in Pakistan Petroleum Limited (PPL) fell in the region of 800,000.
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Rs5bn refunded to private sector: FTO
KARACHI, July 28: Federal Tax Ombudsman Justice (retd) Saleem Akhtar has informed businessmen that his office disposed of over 5,300 cases of all sorts of malpractice of taxation authorities last year.
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KPT income rises by 10 per cent
KARACHI, July 28: The Karachi Port Trust earned all time record income of Rs9.270 billion during the fiscal year 2003-04, showing an increase of 10 per cent over the preceding year's income of Rs8.423 billion, officials said on Wednesday.
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Shaukat for enhanced trade ties with Japan
ISLAMABAD, July 28: Finance Minister Shaukat Aziz while appreciating strong existing economic relations between Pakistan and Japan has urged the need for enhanced private sector trade cooperation between the two countries.
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Reduction in drawback rates criticized
KARACHI, July 28: The Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) has criticized slashing of duty drawback rates on export products without taking stakeholders into confidence.
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Oil prices near 14-year high
LONDON, July 28: Oil prices soared to the highest level for almost 14 years here on Wednesday as traders fretted over a financial crisis at Russian oil giant Yukos.
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Prices decline on cotton market
KARACHI, July 28: Cotton prices on Wednesday suffered fresh modest decline as spinners made selective buying amid light trading. Reports of ban on resumption of ginning operations by the highups of Pakistan Cotton Ginners Association (PCGA)
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Stocks stage smart rally, recover 36.93 points
KARACHI, July 28: Stocks on Wednesday staged a smart rally as investors covered positions at the lower levels ahead of board meetings of leading companies and market talk of higher dividend and bonus shares.
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