| 01 April 2004 | Thursday | 10 Safar 1425 |
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Procedure for release of funds to be changed: New PSDP projects
ISLAMABAD, March 31: The federal government has decided to overhaul the procedure for release and expenditure of development budgets for quality and timely implementation of the Public Sector Development Programme (PSDP) ... 
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Indian mutual funds listing on KSE discussed
KARACHI, March 31: The Mutual Fund Association of Pakistan (MUFAP) and the Association of Mutual Funds in India (AMFI) have discussed the possibility of listing of Indian mutual funds on Karachi and Lahore stock exchanges, said Zaigham Mahmood Rizvi ...
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Banks to give export loans at 3 per cent
KARACHI, March 31: Eligible exporters will continue to get export financing from banks at a maximum rate of three per cent in April this year as the State Bank has left unchanged its export refinance rate at 1.5 per cent. ...
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SBP body to work till Sept 30
KARACHI, March 31: The State Bank has extended up to September 30, 2004, the tenure of the SBP committee for resolution of cases of write-off of irrecoverable loans. The committee was supposed to finish its task by March 31, 2004. ...
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State Bank move to check inflation
KARACHI, March 31: The State Bank on Wednesday allowed further hike in benchmark six-month treasury bills rate. This has sent a clear signal across the financial system that the SBP has really started making adjustments in its lax monetary policy. ...
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Chinese team interested in joint ventures: Textile sector
KARACHI, March 31: An eight-member Chinese trade delegation on Wednesday visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and discussed promotion of bilateral trade ...
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13 ICP funds merger okayed
KARACHI, March 31: Certificate holders of all the 13 ICP Mutual Funds Lot B gave their approval of merger at an extraordinary general meeting on Wednesday. ...
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Australian firms keen to invest in Pakistan
LAHORE, March 31: A 25-member Austrian delegation will visit Karachi, Lahore and Islamabad during the first week of October, said UAE-based Austrian commercial counsellor Dr Nikolaus Seiwald here on Wednesday. ...
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Advice to auto parts makers
KARACHI, March 31: Pakistan Steel chairman Lt-Gen (retd) Abdul Qayum has urged auto parts makers to put up their consolidated requirement for six months so that production of marketable pig iron at Pakistan Steel could be planned accordingly. ...
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TAP sends SOS to Ibad, IGP
KARACHI, March 31: The terminal operators have sent an SOS to the authorities, including Sindh Governor Dr Ishratul Ibad and Inspector Genera Police drawing their attention towards fast deteriorating law and order situation in the oil installation area at Keamari. ...
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Cotton market rules firm
KARACHI, March 31: Cotton market on Wednesday stayed firm as ginners were not inclined to lower their asking prices despite falling mill demand and the absence of leading spinners. ...
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Stock market maintains steady posture
KARACHI, March 31: Selective support figured prominently on the blue chip counters on Wednesday but the overall trend remained mixed amid alternate bouts of buying and selling. ...
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