| 25 April 2004 | Sunday | 04 Rabi-ul-Awwal 1425 |
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Banks free to fix margins: Lending facilities
KARACHI, April 24: Seeking bank loans may now become easier as the banks get a free hand to decide whether or not to charge a margin against a lending facility. Previously they had to observe certain margins fixed by the State Bank against certain types of loans and advances. ... 
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Pakistan, EU to identify non-tariff barriers
ISLAMABAD, April 24: Pakistan and the European Union will identify non-tariff barriers along with cooperation to develop and diversify a two-way trade to improve market access for their products under the new trade pact. ...
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Proposal under study to raise size of offerings: PPL, Kot Addu Power
ISLAMABAD, April 24: The Privatization Commission is considering the proposal to increase the percentage of shares for the upcoming Initial Public Offering (IPO) of Pakistan Petroleum Limited (PPL) ...
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'Upgradation of port to attract transit trade'
KARACHI, April 24: The Karachi Port could become a global hub for the shipping sector connecting Central Asia, Afghanistan and the rest of the world if the current pace of development and automation is continued for providing state-of-the-art facilities to port users. ...
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Money laundering: the giant players
KARACHI, April 24: President Pervez Musharraf has called for international legislation to help the looted wealth of developing countries slashed away in the banks of the world by corrupt leaders, politicians and businessmen. ...
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GDP base year changed for next budget
ISLAMABAD, April 24: The government has decided to announce the upcoming budget, using a new basis of Gross Domestic Product (GDP) with 1999-2000 as the base year instead of 1990-91 ...
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Saudi tax team due tomorrow
ISLAMABAD, April 24: A tax delegation of Saudi Arab is scheduled to arrive here on Monday for a second round of negotiations on a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income between the two countries. ...
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PC invites EoIs for Telephone Industries
ISLAMABAD, April 24: The Privatization Commission (PC) has invited Expressions of Interest (EoIs) from the potential investors for the sell-off of Telephone Industries of Pakistan (TIP). ...
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Exchange companies to meet money changers
KARACHI, April 24: Exchange companies have decided to meet money changers country-wide to educate them about the mechanism of transformation into exchange companies and to encourage them to seek franchise with the existing ones. ...
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Mutual funds net asset value up
KARACHI, April 24: The total net asset value (NAV) of mutual funds has been estimated at $1.5 billion as of March 31, 2004. This was stated by Mutual Fund Association (MFA) chairman Zaigham Mahmood Rizvi ...
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Fauji Cement Company
KARACHI, April 24: At this hour last year, the share in Fauji Cement Company Limited was trading at an abysmally low price of Rs3.50. The stock has since risen 341 per cent to be quoted at Rs15.45 by Friday last. ...
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G7 warns of risk from oil rates
WASHINGTON, April 24: Senior finance officials from the world's richest countries issued an upbeat assessment of global growth prospects on Saturday but said the picture was clouded by rising oil prices and foundering trade liberalization talks. ...
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SPI moves up by 0.21pc
ISLAMABAD, April 24: Prices of 21 essential items spiralled during the week ending April 22 as compared to previous week, pushing the Sensitive Price Indicator further up by 0.21 per cent. ...
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Prices ease on cotton market
KARACHI, April 24: Cotton prices on Saturday modestly eased from the previous levels as some of the ginners lowered their asking prices for stray unsold stocks. ...
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