| 26 March 2004 | Friday | 04 Safar 1425 |
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SC rejects Adamjee Insurance petition: Take over bid by MCB
ISLAMABAD, March 25: The Supreme Court on Wednesday dismissed a petition of Adamjee Insurance Company Limited which had alleged that MCB, owned by Mansha group, was attempting to take over AICL by acquiring its 40 per cent shares through the stock trading. ... 
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ADB feasibility report sent to ministry: Effluent treatment plant
KARACHI, March 25: Rune Stroem, Principal Energy Specialist, Energy Division, South Asia Energy Division of the Asian Development Bank, has informed the industrialists that he has submitted an "Environmental impact assessment (EIA) ...
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State Bank drains out Rs11.5bn
KARACHI, March 25: The State Bank on Thursday drained out Rs11.5 billion from the banking system through repo sale of treasury bills for up to two weeks to keep liquidity levels within the desired limits. ...
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Taxation treaty signed
ISLAMABAD, March 25: Pakistan and Vietnam have signed a agreement for the avoidance of double taxation and fiscal evasion between the two countries to promote bilateral trade. ...
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Chicken prices jump by Rs14 in five days
KARACHI, March 25: Smelling consumers' restoring confidence on chicken after a deep fall in consumption owing to bird flu scare, poultry farmers and wholesalers have finally given a deep jerk to the end-users by pushing up prices ...
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Humayun seeks joint ventures with Vietnam
ISLAMABAD, March 25: Commerce Minister Humayun Akhtar Khan has proposed joint ventures in food processing, packing and electrical power systems with Vietnam to increase the current volume of trade between the two countries. ...
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Pakistan restarts fuel oil imports
SINGAPORE, March 25: Pakistan has returned to importing fuel oil via tender after an absence of about eight months as low stocks and dry weather sparked demand from power producers suffering a shortage of hydropower. ...
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Urea, DAP sales fell in February
KARACHI, March 25: The fertilizer data released by the National Fertilizer Development Centre (NFDC) reveals a respective 13 per cent and 28 per cent decline in urea and DAP sales during February 2004, compared to the same period last year. ...
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Exports to Afghanistan rise to Rs25 billion: July-February period
PESHAWAR, March 25: Exports to Afghanistan via land routes of NWFP and Fata rose to more than Rs25 billion during the first seven months (July-Feb) of 2003-04, according to official sources. ...
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Rs967.72m revenue loss unearthed
ISLAMABAD, March 25: The Auditor General of Pakistan (AGP) has detected a revenue loss of Rs967.72 million to the national exchequer due to incorrect exemptions granted to taxpayers in 67 cases, says a report. ...
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Trading fails to pick up on cotton market
KARACHI, March 25: The cotton market on Thursday passed through another dull trading session as spinners and mills kept to the sidelines despite being in short supply position. An increase of Rs75 per 40 kg to Rs925 per 40 kg in phutti price from the previous Rs850 for the new crop ...
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KSE 100-share index crosses 5,100-point barrier
KARACHI, March 25: The KSE 100-share index on Thursday broke the barrier of 5,100 points on heavy buying in the leading index shares aided by reports of the extension of a waiver of economic sanctions for another year by US for Pakistan's role in the current drive against terrorism. ...
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