Remittances increase to $1.6bn in five months
KARACHI, Dec 16: Workers' remittances or the foreign exchange sent back home by overseas Pakistanis reached $1.607 billion in July-November 2004, up from $1.463, data released by the State Bank show.
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Pakistan-US investment treaty soon
ISLAMABAD, Dec 16: Pakistan and the United States have decided to hold next round of talks on free trade agreement (FTA) in London on February 7, 2005.
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Efforts for greater access make headway: EU markets
ISLAMABAD, Dec 16: The three European Union (EU) member countries - Ireland, France and Portugal - have assured that they would give careful consideration to Pakistan's case for continued market access for its exports to the EU market.
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SBP's reserves slip below $9bn
KARACHI, Dec 16: Pakistan's liquid foreign exchange reserves fell to about $11.632 billion on December 11 from $11.711 billion on December 4, data released by the State Bank show.
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Task force on corporate governance
Karachi, Dec 16: The Executive Committee of the Federation of Euro-Asian Stock Exchanges (FEAS) formed a Task Force on Corporate Governance, which would be led by Mr Moin M. Fudda, Managing Director of Karachi Sock Exchange (KSE).
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Textile Board being revamped
KARACHI, Dec 16: Minister for Textile Industry Mushtaq Ali Cheema has said that the government is going to reconstitute Textile Board and will give more representation to value-added textile sector.
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Move to levy textiles export duty
KARACHI, Dec 16: After China's announcement to impose export tariffs on certain textiles and apparel to limit the surge in shipments in quota free era
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KCCI resents increase in POL prices
KARACHI, Dec 16: Acting President, Karachi Chamber of Commerce and Industry (KCCI), Mian Abrar Ahmed has urged the government to keep petroleum prices unchanged till June next so that the industries could face the challenges of globalization
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State Bank's clarification
ISLAMABAD, Dec 16: The assets of the government of Pakistan will be sold to Pakistan International Sukuk Company (PISC) which will issue Ijara Sukuk to the investors and lease these assets to the government of Pakistan.
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WB team, ICMAP discuss accounting standards
KARACHI, Dec 16: A two-member team of international consultants representing the World Bank visited the Institute of Cost and Management Accountants of Pakistan (ICMAP) on Thursday.
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Cotton prices remain steady
KARACHI, Dec 16: Cotton prices on Thursday remained steady as ginners held on to their unsold positions followed by reports that the TCP has further increased its procurement quota from each ginnery.
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Stocks turn mixed on late selling
KARACHI, Dec 16: Stocks on Thursday turned mixed as some of the leading shares came in for active profit-selling at the inflated levels and finished modestly reacted.
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