| 08 August 2004 | Sunday | 21 Jamadi-us-Saani 1425 |
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Poor law, order worries traders: Post-WTO challenges
KARACHI, Aug 7: Industrialists are cautiously busy in expanding their businesses to meet future challenges of post-WTO regime after January 2005. They, however, appear worried over uncertain law and order situation both locally and globally. ... 
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EC invites suggestions: New GSP scheme
ISLAMABAD, Aug 7: The European Commission (EC) has sought views and suggestions from developing countries, including Pakistan on formulation of new a generalized system of preferences (GSP) scheme to help them to get maximum benefit from international trade. ...
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WTO moot on quota removal put off
KARACHI, Aug 7: The World Trade Organization (WTO) has decided not to hold special meeting in September for discussing the possibility for delaying textile quotas' elimination beyond January 1, 2005. ...
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Researchers employ genetic engineering: Cotton varieties
ISLAMABAD, Aug 7: Pakistan will not allow the commercial cultivation of Bt. cotton, a genetically modified variety, which has been developed in the United States for its resistance against the American bollworm disease of cotton crop. ...
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Melting like snow under the sun
KARACHI, Aug 7: In the past three months, the State Bank says it has sold $700 million in a bid to beat back speculative attack on the rupee's exchange rate. The market reckons that the sales to be somewhat higher. ...
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Race between Pakistani, Indian rupee
KARACHI, Aug 7: Whereas Pakistani rupee or PKR lost half a per cent of its value against the US dollar in July, the depreciation in the Indian rupee or INR value was just double. ...
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Condition for duty exemption goes
ISLAMABAD, Aug 7: The Central Board of Revenue (CBR) has done away with the condition of installation certificate for availing duty exemption on import of conversion kits and cylinders. ...
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Seven bids received for wheat import
KARACHI, Aug 7: The Trading Corporation of Pakistan (TCP) on Saturday received 14 bids for the import of 0.5 million tons of wheat. ...
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Rising oil prices upset economists
KARACHI, Aug 7: Economists in Pakistan are worried over the relentless rise in international oil prices, which they say could have negative repercussions on the country's economy. The Brent this week set a new all-time record of $41.5 per barrel. ...
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Carryover rates show slight increase
KARACHI, Aug 7: The weighted average badla rates on the Karachi Stock Exchange last week posted a modest rise of 30 basis points at 8.5 per cent as compared to 8.2 per cent a week earlier, reflecting increasing demand for funds. ...
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SBP Shariah Board meets
KARACHI, Aug 7: The Shariah Board of the State Bank reviewed on Saturday the comments and suggestions received by the SBP on essentials and model agreements of Islamic mode of financing. The board meeting was held here at the SBP headquarters with its head Dr Mahmood Ahmad Ghazi in the chair. ...
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Terms for import of machinery notified: Exploration companies
ISLAMABAD, Aug 7: The government has notified conditions for import of machinery by exploration and production (E&P) companies at 5 per cent customs duty and under the temporary importation scheme without any duty. ...
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PQA offers 700 acres for textile city
KARACHI, Aug 7: The Port Qasim Authority (PQA) will provide 700 acres to Pakistan Textile City Ltd at a rate of Rs1 million per acre. ...
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Cotton market rules firm
KARACHI, Aug 7: Cotton market on Saturday maintained firm trend as ginners were not inclined to lower their asking prices owing to interruption in supplies because of the current spell of monsoon rain in the lower Sindh. ...
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