Sri Lanka withdraws import duty on rice
KARACHI, Oct 6: Sri Lanka has removed import duty on rice with immediate effect to meet its domestic shortfall arising out of bad paddy crop harvested by the country this year.
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Non-traditional items' exports surge by 139pc: Fiscal years 1999-2003
KARACHI, Oct 6: Pakistan's exports saw a fabulous growth of $3.745 billion or 43.7 per cent during last four years (1999-2003), with major thrust seen on non-traditional items rising up to $1.022 billion
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India mulls diesel sales to Pakistan
NEW DELHI, Oct 6: India's Petroleum and Natural Gas Minister Mani Shankar Aiyar said late Tuesday that New Delhi was seeking to move forward on energy cooperation with Islamabad in the wake of last month's summit between leaders of India and Pakistan.
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Rupee falls further
KARACHI, Oct 6: The rupee that lost five paisa to a US dollar in the inter-bank market on Tuesday lost six paisa more on Wednesday to close at 59.36 a dollar.
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Trade deficit widens by 482.6pc in July-Sept
ISLAMABAD, Oct 6: Pakistan's trade deficit soared by 482.6 per cent during the first quarter (July-September) period of the current fiscal year over the same period of last year.
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Transit trade accord with China proposed
ISLAMABAD, Oct 6: Chinese Prime Minister Wen Jiabao is expected to visit Pakistan before the end of this year to inaugurate the Gwadar Deep Seaport being developed with the Chinese assistance.
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Wheat being unloaded at Port Qasim
KARACHI, Oct 6: The second vessel, Smarta, carrying 40,400 tons of wheat which was berthed at Port Qasim on Friday (October 1), is presently busy in unloading the commodity.
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Concession under GSP sought
ISLAMABAD, Oct 6: Federal Commerce Minister, Humayun Akhtar Khan has urged for continued availability of concession for Pakistani exports, particularly after the textile quotas phase-out from January 1, 2005
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Higher dividends to lessen revenue losses from PDL
ISLAMABAD, Oct 6: Some of Pakistan's biggest state-run companies will likely be paying out more dividends - a move that will not only cheer shareholders
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Nothing wrong with Russian wheat: TCP
KARACHI, Oct 6: The Trading Corporation of Pakistan (TCP) on Wednesday clarified a news item in a section of press about the quality of Russian wheat, imported recently.
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Cotton market crashes on panic selling
KARACHI, Oct 6: Cotton market on Wednesday crashed on panic-selling triggered by reports of higher arrivals of phutti into the ginneries and predictions of further decline in prices owing to a bumper crop.
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SBP move helps stocks recover 66.25 points
KARACHI, Oct 6: Stocks on Wednesday recovered from the overnight lows amid heavy short-covering in most of the pivotals aided by perceptions that huge funds will be ploughed back in the share business
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