| 18 April 2004 | Sunday | 27 Safar 1425 |
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Shaukat for specialized products: Mutual funds sector
KARACHI, April 17: The Federal Finance Minister Shaukat Aziz has urged the fund managers to develop specialized products that cater to the needs of different type of investors ranging from the ultra conservative to risk seekers. ... 
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Pakistan, India asked to promote trade
ISLAMABAD, April 17: The Confederation of Asia Pacific Chamber of Commerce and Industry (CACCI) has urged both Pakistan and India to resolve all outstanding political issues in order to pave the way for long lasting economic cooperation ...
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Knitwear industry in dire straits: Fall in export orders LAHORE, April 17: The knitwear exporters, who have hugely expanded their production capacity in the last five years in view of abolition of quota from 2005 ...
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SME financing: a wake-up call to bankers
KARACHI, April 17: The development of small and medium enterprises (SMEs) has been on the official agenda since 1959. But only an estimated 40 per cent of the SMEs borrow money from banks ...
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Govt holds five seats on Textile City board
KARACHI, April 17: The first meeting of the board of directors of Pakistan Textile City Company on Saturday took some major decisions with regard to formation and setting up of a joint stock company. ...
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Petrol price rises by 8.5pc in last 14 months
KARACHI, April 17: Petrol and diesel have become costlier by 8.5 and 13.6 per cent respectively in the last 14 months. Consumers have witnessed a total of 19 times increase in petrol prices as against the 10 times ...
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Exports to BD rise 34pc in 8 months
KARACHI, April 17: Pakistan's exports to Bangladesh has risen 34 per cent to $96.22 million in eight months to February 2004 from $71.86 million in a year-ago period. This export earning is much higher than from many other countries making BD the 16th top destination of Pakistani exports. ...
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Badla rates move up
KARACHI, April 17: Total investment on the carryover market on the local bourses swelled to a record high of 31.5 billion last week in sympathy with an all-time high volume of 1.12 billion shares and a hefty rise of four per cent in the KSE 100-share index. ...
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Sindh, Balochistan yet to resolve issue: Gas development surcharge
ISLAMABAD, April 17: Sindh and Balochistan have developed serious differences over sharing of the Gas Development Surcharge (GDS) they had settled a couple of weeks ago as the latter accused the former of backtracking from its commitment. ...
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PSDP to be raised to Rs200bn in next budget
LAHORE, April 17: State Bank Governor Dr Ishrat Hussain on Saturday said that the volume of Public Sector Development Programme (PSDP) would be increased to Rs200 billion in the budget for 2004-05 against Rs160 billion earmarked during the current fiscal year. ...
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OGDCL shareholders earn Rs7bn profit
ISLAMABAD, April 17: More than 97,000 small shareholders had reaped a profit of Rs7 billion from the trade in shares of OGDCL IPO due to a record increase in the value of its shares ...
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Rice samples to undergo DNA testing: Exports to EU
ISLAMABAD, April 17: The government has decided to carry out DNA testing of rice for verifying quality of the commodity before exporting it to the European markets. ...
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PTCL
KARACHI, April 17: Privatization of Pakistan Telecommunication Company Limited (PTCL) is, at least for the time being, out of the question. The market knows that and it has already factored into the stock price. ...
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Cotton market rules firm
KARACHI, April 17: Cotton market finished the weekend session on a steady note as spinners remained active buyers around the current levels but some of the ginners holding contamination-free lots raised their asking prices. ...
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