Economic and Finance News
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$775.6 million World Bank backed projects for Pakistan in pipeline
ISLAMABAD (December 15 2002) : Seven World Bank supported projects worth $ 775.6 million are in the pipeline for Pakistan,…
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Housing provides Rs 150 billion investment opportunities
KARACHI (December 15 2002) : The housing sector in Pakistan provides opportunity to invest Rs 150 billion annually for the…
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Two leasing companies join Credit Information Services
KARACHI (December 14 2002) : Two leasing companies ORIX Leasing Pakistan Limited and Askari Leasing Limited (Askari) have joined the…
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Union, Al-Falah banks to issue bonds for raising capital
KARACHI (December 14 2002) : Pakistan's two banks plan to issue bonds this month to raise their minimum capital requirements,…
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Banks to charge export development surcharge on exports proceeds from January
KARACHI (December 14 2002) : The export development surcharge (EDS), which is charged by the Customs at the rate of…
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Fauji Fertiliser, Pak-Saudi merger allowed
KARACHI (December 11 2002) : The High Court of Sindh on November 21, 2002, allowed a petition for the merger…
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Capital Development Authority refuses to issue no objection certificate
ISLAMABAD (December 11 2002) : Capital Development Authority (CDA) has refused the issuance of No Objection Certificate (NOC) for power…
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Blast on Sui gas line causes heavy damage
KARACHI (December 11 2002) : A suspected bomb blast early on Thursday morning ruptured the Sui Southern Gas Company's 20-inch…
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Water and Power Development Authority plans Rs 7 billion bond issue in January
KARACHI (December 11 2002) : The Water & Power Development Authority (Wapda) plans to float Rs 7 billion bonds next…
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Duty drawback on towels enhanced
ISLAMABAD (December 11 2002) : Giving relief to the manufacturer-cum-exporters of towels, the government has enhanced duty drawback rates on…
