| 30 March 2004 | Tuesday | 08 Safar 1425 |
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US chains looking at India for supplies: Apparels
KARACHI, March 29: Two leading US departmental chain of stores having annual turnover of billions of dollars are looking at India as number one alternative to China for secure and sustained supplies of apparels. ... 
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Proposals sought from industry: Housing sector promotion
KARACHI, March 29: Finance Minister Shaukat Aziz on Monday asked stakeholders involved in housing and construction to give their concrete recommendations within a week so that these could be presented to the prime minister and actions could be taken. ...
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Increased cement production may trigger crisis
LAHORE, March 29: As the cement production in the country is projected to go up to 28.208 million tons by 2008, from current 17.555 million tons, the industry sources fear it may trigger yet another crisis (of low capacity utilization) ...
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Rs40.97m approved for three projects
ISLAMABAD, March 29: The government on Monday approved allocation of Rs40.97 million from the Export Development Fund (EDF) for initiating three projects during the current year. ...
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Govt borrowing increases to Rs70 billion
KARACHI, March 29: In less than nine months of the current fiscal year the government borrowing for budgetary support has risen to nearly Rs70 billion - more than four times the full fiscal year target of Rs15 billion. ...
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KSE-100 index recomposed
KARACHI, March 29: Board of Directors of the Karachi Stock Exchange in their meeting held on Monday reviewed and approved re-composition of the KSE-100 Index on the basis of Re-composition Rules and Procedure laid down for the purpose, a KSE press release said. ...
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Peru imposes dumping duty on fabrics
ISLAMABAD, March 29: The government of Peru has imposed 34.66 per cent anti-dumping duty on Pakistan's fabrics. Well-placed sources told Dawn on Monday that the Peru government on the complaint of Peru Pima Sa - a textile company - initiated an anti-dumping case on July 26, 2002 ...
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$4.22 billion export target for four months
ISLAMABAD, March 29: The government has projected $4.222 billion as export target for four months (March-June) to achieve the annual target of $12.1 billion set for the current financial year. ...
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EPB offers subsidy for ASAP stalls
LAHORE, March 29: The Export Promotion Bureau (EPB) will grant 70 per cent subsidy on cost of stand/stall to the exporters of textiles attending the ASAP Global Sourcing Show being held in Las Vegas, USA, in August, sources said on Saturday. ...
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SMEs plea for export refinance
KARACHI, March 29: Small and medium enterprises (SMEs) have urged the government to ask banks to provide them export refinance facility against letter of credit. ...
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Trading gets slow on cotton market
KARACHI, March 29: Physical activity on the cotton market on Monday was relatively slow as leading spinners apparently took a technical breather after weekend's heavy covering purchases. ...
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Stock market undergoes minor technical correction
KARACHI, March 29: Stocks on Monday turned in a highly volatile performance as investors played on both sides of the fence in a heavily overbought market needing technical correction. ...
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