Afghan transit trade to be reviewed
ISLAMABAD, Sept 3: Pakistan and Afghanistan have decided to review "major legal, financial and administrative issues" affecting the cross-border transit trade between the two countries.
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Importers seek removal of infrastructure cess
ISLAMABAD, Sept 3: The Afghan importers have asked the Pakistani government to impress upon the Sindh government in removing the infrastructure cess on the transit goods. The levy of the cess results in cost increase.
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BoI meets on Monday after five years
ISLAMABAD, Sept 3: Prime Minister Shaukat Aziz would preside a meeting of the Board of Investment (BoI) on Monday. The meeting will review investment climate and approve measures for attracting foreign and domestic investment in the country.
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Trade team to visit Belgium
KARACHI, Sept 3: A 15-member trade delegation led by Pakistan-Belgium Business Forum (PBBF) President Mohammad A. Rajpar will visit Belgium on September 6-8.
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Badla trade phasing out from October 8
ISLAMABAD, Sept 3: The Securities and Exchange Commission of Pakistan (SECP) and the three stock exchanges on Friday finalized a detailed time bound actions plan for the phasing out of COT/badla financing
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Average lending rates fall in July
KARACHI, Sept 3: Average lending rate of banks fell further in July this year despite the fact that the central bank initiated a gradual tightening of the monetary policy at the same time.
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Arrangements made for bumper cotton crop
KARACHI, Sept 3: The government has made extensive arrangements for handling the expected bumper cotton crop sown on larger area. The crop is passing through favourable weather conditions.
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Hub Power Company
KARACHI, Sept 3: Equity analysts in Pakistan have perhaps come of age. As far as their anticipations about after tax profit and the final dividend to be declared by Pakistan's largest private power plant (Hubco) were concerned, most of them hit the bulls' eye.
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Trade gap with Dubai widens
ISLAMABAD, Sept 3: Pakistan's trade deficit with Dubai registered a staggering increase of 1,530 per cent to $337 million during the year 2003-04 compared to $20.7 million a year ago.
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Export zones working appreciated
KARACHI, Sept 3: Chairman Standing Committee on Industries and Production Senator Akram Wali Muhammad on Friday visited Karachi Export Processing Zone and appreciated the role of EPZA in accelerating the exports.
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Asean moves closer to free trade
JAKARTA, Sept 3: Southeast Asian countries on Friday completed talks on a "road-map" for economic integration, bringing the region a step closer to creating a European-style single market covering 530 million people.
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Oil prices firmer
LONDON, Sept 3: Oil prices steadied on Friday as fears that Hurricane Frances would disrupt offshore oil production eased, analysts said. Worries over supply threats in Iraq and Russia lingered on, they added.
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Lint prices resist fresh decline
KARACHI, Sept 3: Cotton market on Friday shrugged off the overnight easiness as leading ginners held onto their positions and did not sell at the lower rates.
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Sluggishness persists on stock market
KARACHI, Sept 3: Stocks passed through another terribly sluggish trading session on Friday as leading investors were again conspicuous by their absence partly because of weekend considerations
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