Government to launch pension scheme: Budget 2004-05
ISLAMABAD, April 30: The government plans to introduce a comprehensive pension scheme in the coming budget as part of its financial sector reforms
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'EU could take up auto market access issue'
KARACHI, April 30: The European Union or for that matter any interested group in some other countries with automobile export potential to Pakistan could take up the issue of market access for their vehicles to Pakistan.
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Meeting on wheat fails to make headway
KARACHI, April 30: The meeting of the food ministers of the federal government and the provinces held on Friday remained inconclusive as Punjab insisted on restricting the wheat movement while other provinces demanded free wheat movement.
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Agricultural loans growing modestly
KARACHI, April 30: Whereas overall credit disbursement to the private sector hit an all-time high of Rs237 billion in nine months to March 2004, the share of agricultural credit in it was only about Rs48 billion.
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Business leaders for removal of duties, taxes
KARACHI, April 30: Business and industry want the government to focus on 'supply side economics' in the next budget (2004-05) by adopting liberal import policy and removing duties on industrial raw materials and capital goods.
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NBP to give 12.5pc cash dividend
KARACHI, April 30: State-run National Bank has decided to hand out to its shareholders 12.5 per cent cash dividend and 20 per cent bonus shares for the year 2003.
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Pakistan, BD set up business council
KARACHI, April 30: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) have agreed to activate Pakistan- Bangladesh Joint Business Council.
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Pak Oman earns Rs114m profit
KARACHI, April 30: Pak Oman Investment Co (Pvt) Limited announced pretax profit of Rs114.51 million for the first quarter ended March 31, 2004.
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Cotton market lacks lustre
KARACHI, April 30: Cotton market on Friday lacked normal trading interest as spinners and mills stayed on the sidelines and did not make fresh commitments because of delivery problems ahead of three closures.
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Stocks recover 84 points on active short-covering
KARACHI, April 30: Stocks on Friday staged a snap recovery aided by strong institutional and general support at the attractively lower levels, indicating that the current downward drift may have run its course on technical grounds.
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