| 29 April 2004 | Thursday | 08 Rabi-ul-Awwal 1425 |
|
Free trade key to poverty reduction: Roundtable on Safta
LAHORE, April 28: Federal Industries and Production Minister Liaqat Ali Jatoi has stressed the need for removal of barriers and bottlenecks in the implementation of the South Asia Free Trade Agreement (Safta). ... 
|
|
Yield on 10-year PIBs moves up
KARACHI, April 28: The maximum yield on 10-year bonds rose to 6.49 per cent in an auction held on Wednesday from 6.23 per cent in December last year. If the trend lasts through the next auction in May then there will be a lesser-than-anticipated reduction in the rate of return on 10-year Defence Saving Certificates or DSCs. ...
|
|
||
|
Space Telecom bid stands cancelled: Cell phone licence
ISLAMABAD, April 28: Pakistan Telecommunication Authority (PTA) has offered Warid Telecom, the third highest bidder in the April 14 mobile telephone auction, the new cellular phone licence, to replace Space Telecom ...
|
|
Presumptive tax facility opposed: Yarn exports
KARACHI, April 28: The textile ancillary industry is seeking immediate withdrawal of income tax facility allowed on yarn exports to check its unbridled exports and ease the local supply and prices for value-added and export-oriented industry. ...
|
|
|
||
|
Advisory body discusses next Trade Policy
ISLAMABAD, April 28: Federal Commerce Minister Humayun Akhtar Khan said on Wednesday that the government will announce a string of measures in the trade policy of 2004-05 to increase exports. ...
|
|
PIA earns Rs1.4bn profit
KARACHI, April 28: The national air carrier, PIA earned a profit of Rs1.4 billion in the first quarter of 2004 while scheduled passenger traffic recorded a growth of 16.4 per cent over the same period last year at 74.3 per cent seat utilization. ...
|
|
|
||
|
OGDC posts Rs6.9bn profit
KARACHI, April 28: Oil & Gas Development Company Limited (OGDC) announced results for the third-quarter ended March 31, 2004 on Wednesday, posting an after tax profit of Rs6.9 billion. That worked out to an earning per share (eps) of Rs1.59. ...
|
|
EU quota ruled out
KARACHI, April 28: The newly appointed Pakistan's economic minister to the European Union (EU) headquarter in Brussels, Tariq Puri has said that there is no chance of re-imposition of textile quotas beyond January 2005 ...
|
|
|
||
|
Saudi Pak Bank profit
ISLAMABAD, April 28: Saudi Pak Commercial Bank Ltd (SPCBL) earned a net profit before tax of Rs979 million during 2003 as against the restated profit of Rs841.7 million made in 2002. ...
|
|
Oil prices rise
LONDON, April 28: Oil prices rose here on Wednesday after the latest snapshot of US inventories revealed a surprise shortage in gasoline stocks. The price of benchmark Brent North Sea crude oil for June delivery jumped 45 cents per barrel to $34.73 in late trading here. ...
|
|
|
||
|
Ginners raise prices on cotton market
KARACHI, April 28: Physical activity on the cotton market on Wednesday shrank as ginners further raised their asking prices taking a bullish cue from the New York cotton futures. ...
|
|
57-point fall wipes out Rs16bn from stock market
KARACHI, April 28: Stocks on Wednesday again turned in a highly volatile performance as leading investors indulged in fresh unloading of their long positions on the overvalued counters but there was no matching buying offers at the falling prices. ...
|
|
|
||
