Economic and Finance News
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PICIC-PCB merger not shelved
KARACHI (February 26 2003) : The merger of Pakistan Industrial & Investment Corporation Limited (Picic) with the Picic Commercial Bank…
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APTMA demand for duty exemption on machinery rejected
ISLAMABAD (February 26 2003) : Wrecking all expectations of the All Pakistan Textile Mills Association (Aptma), the Central Board of…
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Export Promotion Bureau warns textile bodies
KARACHI (February 26 2003) : The Export Promotion Bureau (EPB) has warned the textile associations against repeated violations of the…
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ECC okays issuance of 10th Wapda bonds
ISLAMABAD (February 26 2003) : The Economic Co-ordination Committee of the Cabinet (ECC) Tuesday approved issuance of Rs 7 billion…
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SECP announces new curbs on money laundering
KARACHI (February 25 2003) : The Securities and Exchange Commission of Pakistan (SECP) has taken further measures for strengthening regulatory…
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Central Depository Company cuts 50 percent security deposit levied on issuers of securities
KARACHI (February 25 2003) : Central Depository Company (CDC) has reduced the security deposit levied on issuers of securities by…
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PICIC Bank chief steps down
KARACHI (February 25 2003) : Mohammed Ali Khoja has stepped down as Chairman of the PICIC Commercial Bank under the…
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ECC may allow Wapda to float bonds for Ghazi Brotha Hydropower project
ISLAMABAD (February 25 2003) : The Economic Co-ordination Committee of the Cabinet (ECC) in its meeting on Tuesday (today) is…
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Badla rates hit five-month low
KARACHI (February 24 2003) : The badla rates at the stock market during the preceding week reached five-month low level…
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Husnain Cotex may issue Rs 315 million commercial paper
KARACHI (February 24 2003) : Husnain Cotex Ltd is likely to issue a commercial paper worth Rs 315 million by…