| 26 February 2004 | Thursday | 05 Muharram 1425 |
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Three major banks in run for contract: Eurobond swap
KARACHI, Feb 25: The real tie is between three foreign banks for getting contract from Pakistan to swap the fixed interest rate of the country's $500 million bonds with a floating rate. The banks are Citibank, ABN Amro and Standard Chartered. ... 
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Removal of ghee from negative list opposed
KARACHI, Feb 25: President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Riaz Ahmed Tata has said that the government's decisions to exclude the vegetable ghee ...
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Aga Khan Fund takes over HBL today
ISLAMABAD, Feb 25: The Privatization Commission (PC) is scheduled to hand over Habib Bank to Aga Khan Fund for Economic Development (AKFED) on Thursday. ...
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Govt may allow used auto parts import
ISLAMABAD, Feb 25: The government is likely to allow import of used auto parts which are not manufactured locally. This was stated by Industries and Production Minister Liaquat Jatoi in a meeting with a business delegation led by former president ...
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Dumping duty imposed on Taiwanese firm
ISLAMABAD, Feb 25: The National Tariff Commission has levied provisional anti-dumping duty at the rate of 13.77 per cent on glacial acetic acid (GAA) exported by a Taiwanese firm ...
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Pakistan ready to re-examine Australian wheat
KARACHI, Feb 25: Pakistani authorities said on Wednesday they were ready to re-examine two rejected Australian wheat cargoes of around 80,000 tons if a third shipment tested negative for any contamination. ...
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Pakistan PTA posts Rs118m profit
KARACHI, Feb 25: Pakistan PTA Limited, one of the international ICI group companies, posted an operational profit of Rs118 million for the first time in 2003. ...
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Online verification system
ISLAMABAD, Feb 25: The National Database and Registration Authority (NADRA) has developed 'VERISYS' an online verification system to enable financial institutions to establish their customer's identity through web as well as dial-up. ...
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PC invites EoIs for Kohinoor Oil Mills
ISLAMABAD, Feb 25: The Privatization Commission has invited expressions of interest (EoIs) for the privatization of Kohinoor Oil Mills Limited (KOML) through the sale of up to 51 per cent shares on "as is where is" basis latest by March 15. ...
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Palm oil demand likely to rise
KARACHI, Feb 25: Palm oil demand in Pakistan is expected to rise in the coming week despite high international prices, because of low stocks, dealers said on Wednesday. ...
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Ginners indulge in fresh selling
KARACHI, Feb 25: The cotton market on Wednesday showed an easy trend as some of the ginners indulged in fresh selling in a falling market amid slow activity. Official spot rates were lowered by Rs25 per maund to Rs3,100 ...
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KSE 100-share index recovers another 10 points
KARACHI, Feb 25: Stocks on Wednesday gave another improved performance as investors covered positions on selected counters amid highly erratic price movements but the market lacked aggressiveness associated with a bull-run. ...
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