PTA warns against tariff reductions
ISLAMABAD, Sept 2: The Pakistan Telecommunication Authority on Thursday strictly prohibited the telecom operators enjoying the status of Significant Market Power (SMP) from reducing tariffs
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Textile industry being upgraded
KARACHI, Sept 2: The Vice Chairman of the Export Promotion Bureau (EPB), Abid Javed Akbar apprised the US buyers of leading brand names on the upgradation of the Pakistani textile industry and its export competitiveness ahead of the quota-free regime beginning from January 1, 2005.
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Exporters unable to meet contracts: Duty on raw materials
KARACHI, Sept 2: Export contracts worth millions of dollars for polyester staple fibre (PSF), and polyester products could not be met because of the high customs duty on the import of raw material (PTA/MEG)
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Rupee sheds 15 paisa in four days
KARACHI, Sept 2: The rupee lost another four paisa on Thursday to close at 58.82 a US dollar down from 58.78 on Wednesday on importers-driven demand. Bankers said the local unit licked an intra-day low of 58.84 a dollar before closing at 58.82
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Iran assures fulfilling Pakistan's steel needs
ISLAMABAD, Sept 2: Iran has assured to fulfil Pakistan's steel requirements for next five years specially by providing "uninterrupted supply" of iron ore, said the Chairman Pakistan Steel Mills (PSM), Lt Gen (retd) Abdul Qayyum.
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CBR rules for certification agencies
ISLAMABAD, Sept 2: The Central Board of Revenue (CBR) has notified rules for approval and appointment of certification agencies for performance evaluation of non-profit organizations for the purpose of granting income tax exemption.
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Export of molasses
KARACHI, Sept 2: Molasses exporters have achieved accreditation from the Product Board Animal Feed (PDV), Netherlands, after implementing a high-profile quality control programme - GMP-13 - which qualifies them to export molasses to European countries.
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Safa to launch corporate award
KARACHI, Sept 2: The 20th anniversary of South Asian Federation of Accountants (Safa) was held in New Delhi on August 28, which was attended by some 100 delegates from the Saarc countries.
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Report on bourses submitted to SECP: Integration
ISLAMABAD, Sept 2: The expert committee on demutualization and integration of stock exchanges submitted its final report to the Securities and Exchange Commission of Pakistan (SECP) during a meeting held here on Thursday.
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PPL shares credited in CDC
KARACHI, Sept 2: The electronic shares of Pakistan Petroleum Limited (PPL) offered by the Privatization Commission were credited in the Central Depository System (CDS) on Thursday (September 2), said a spokesman for the CDC on Thursday.
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Lint prices fall on panic-selling
KARACHI, Sept 2: Cotton prices on Thursday fell sharply lower on near-panic selling by a leading ginner followed by sympathetic hasty unloading by some others.
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Trading volume stoops to record level
KARACHI, Sept 2: Trading volume on the Karachi Stock Exchange fell to a record low of 112 million shares, on Thursday, as leading investors kept to sidelines in the absence of new guiding factors.
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