State Bank advice ignored by hoarders: Wheat shortage
KARACHI, April 2: The State Bank of Pakistan's harsh stricture on the "unfettered private sector" that thrives on low-priced bank credit to indulge in speculative wheat trading has apparently been ignored.
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Net investment in NSS turns negative
KARACHI, April 2: People made a net withdrawal of Rs2 billion from National Saving Schemes (NSS) in January 2004 after the government made the 10th successive cut in their rates of return.
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Firms asked not to offer more than 8pc return: Non-life insurance
ISLAMABAD, April 2: The Securities and Exchange Commission of Pakistan (SECP) has prohibited the non-life insurance companies from offering more than 8 per cent as the rate of return on the unit-related policies to lure customers.
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Shipping lines continue to charge PPS
KARACHI, April 2: Shipping companies continue to charge 'Pakistan Port Surcharge' that had been declared "unjust and illegal" by the ministry of communications about three years back.
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Inclusion of KAPCO in sell-off list okayed
ISLAMABAD, April 2: The Cabinet Committee on Privatization (CCoP) which met here on Friday under the chairmanship of Finance Minister Shaukat Aziz, approved the inclusion of Initial Public Offering (IPO) of GoP's shareholding in Kot Adu Power Company
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China may set up spinning mill
ISLAMABAD, April 2: The visiting Chinese delegation on Friday called on Industries Minister Liaqat Ali Jatoi and expressed its willingness to set up a large-sized spinning unit in Pakistan.
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Exporters seek govt assistance: CSI implementation
LAHORE, April 2: Exporters have called upon the government to help them enforce the Container Security Initiative (CSI) and the Custom-Trade Partnership Against Terrorism (C-TPAT) - the two pre-requisites imposed by the US for international trade.
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Fresh EoIs invited for Faletti's Hotel
ISLAMABAD, April 2: The Privatization Commission on Friday invited fresh expressions of interest (EoIs) for the sale of Faletti's Hotel, Lahore, on "as is where is" basis.
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Meeting on SMEs
KARACHI, April 2: The first meeting of the Task Force for SME Policy Development will be held in Islamabad on Tuesday to frame comprehensive policies for the growth of small and medium enterprises in the country.
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Dullness prevails on cotton market
KARACHI, April 2: The cotton market on Friday passed through another dull trading session as buyers and sellers kept to the sidelines, watching developments on the world cotton front.
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Oil prices fall as US mulling to use reserves
LONDON, April 2: Oil prices slid in trading on Friday amid rumours that the US administration was planning to release gasoline reserves onto the market, dealers said.
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KSE 100-share index adds another 21 points
KARACHI, April 2: Stock prices on Friday moved further higher across a broad front as investors were not inclined to miss an attractive bait of capital gains in a rising market.
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