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| November 20, 2003 | Thursday | Ramazan 24, 1424 |
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SBP pumps Rs15.95bn into banking system
KARACHI, Nov 19: The State Bank on Wednesday injected Rs15.95 billion again into the cash-starved banking system, confirming key signals of higher consumer spending during this Eid.... 
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Sindh releasing 69,000 tons wheat despite deficit
KARACHI, Nov 19: The Sindh government desperately needs at least 100,000 tons of wheat to meet its deficit in the coming weeks. However, it plans to start releasing 69,000 tons from...
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Aptma central office closed
KARACHI, Nov 19: The central office of the premier trade body — All Pakistan Textile Mills Association (Aptma) — in Karachi was closed down on Wednesday for “unavoidable reasons” by Waqar...
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Oil prices decline
LONDON, Nov 19: Oil prices eased back on Wednesday as news of rising levels of US crude oil stocks assuaged supply worries....
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Stock market passes through listless session
KARACHI, Nov 19: Stocks on Wednesday passed through a listless session as prices showed fractional either-way changes in the absence of strong buying support from any quarter. The KSE 100-share index...
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Govt to utilize $95m US fund for wheat import
ISLAMABAD, Nov 19: The federal government has decided in principle to avail $95 million of US-government funding to import 0.5 million tons of wheat through international tenders to meet the country’s...
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Arif Habib Investments to launch closed-end mutual fund
KARACHI, Nov 19: Arif Habib Investments is all set to launch a Pakistan capital market fund (PCM) of the initial size of Rs1.5 billion, which would be the largest closed-end mutual...
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Rs530m offered for Karachi Hotel assets
ISLAMABAD, Nov 19: The Privatization Commission (PC) here on Wednesday received Rs530 million bid for the sale of the assets of Karachi Hotel Project formerly allotted to Hyatt Regency Hotel Project...
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FAs asked to speed up Fesco, JPC sell-offs
ISLAMABAD, Nov 19: Privatization and Investment Minister Dr Abdul Hafeez Shaikh has directed the financial advisers for Faisalabad Electric Supply Company (Fesco) and Jamshoro Power Company (JPC) to speed up the...
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Domestic ST collection falls by Rs1.838bn
ISLAMABAD, Nov 19: The domestic sales tax collection has registered a negative growth of over seven per cent during July-October 2003-04 over the same period last year....
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Dilband iron ore feasibility contract
KARACHI, Nov 19: Bolan Mining Enterprises (BME) has signed a contract last week with DMT — Montan Consulting GmbH, Germany — for carrying out a feasibility study for enrichment (beneficiation) of...
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Gold off highs after hitting $400 mark
LONDON, Nov 19: Gold burst above $400 an ounce on Wednesday for the first time since 1996, sucking in money from investors wanting protection as the dollar sank to record lows...
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SBP report termed alarming
KARACHI, Nov 19: Site Association of Industry chairman Haroon Farooqi has termed the State Bank’s Annual Report 2002-03 alarming and a note of caution for economic managers who have been all...
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Lint prices up on panic-buying
KARACHI, Nov 19: Cotton prices on Wednesday again rose from the overnight lower levels followed by panic mill buying triggered by conflicting reports about the size of the final crop....
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Karachi Port operations
KARACHI, Nov 19: Berthing activity at the wharves on Wednesday was maintained on the higher side as port agencies tried to clear the off-port backlog caused owing to inward rush of...
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TCP secures Rs4bn for sugar purchase
KARACHI, Nov 19: The Trading Corporation of Pakistan has secured a financing of Rs4 billion for its sugar procurement exercise at a very low mark-up of 1.719 per cent per annum...
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Mobilink expansion
LAHORE, Nov 19: The Mobilink plans to expand into 50 more cities during the next year and has earmarked a sum of $250 million for the same....
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Palm oil ends down
KUALA LUMPUR, Nov 19: Malaysian crude palm oil futures extended losses on Wednesday as players liquidated positions ahead of additional margin requirements imposed by the exchange, traders said....
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