2,000 tons of Punjab flour reach Karachi: Local milling crippled
KARACHI, May 4: More than 2,000 tons of all varieties of flour reached Karachi from Punjab on Tuesday which has virtually crippled the local milling.
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Withdrawal of guarantee to ICI sought
KARACHI, May 4: The four polyester fibre makers in the country are again taking up the case with the government for the withdrawal of 15 per cent sovereign guarantee given to the giant multinational ICI
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SPI goes up by 0.8pc
KARACHI, May 4: Sensitive price-index based on a basket of 53 essential items of daily use moved up 0.82 per cent in the last week of April 2004. This was the highest increase in SPI during the month.
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Divisible pool proceeds size put at Rs540bn
ISLAMABAD, May 4: The federal government has projected total size of the net proceeds of the divisible pool at Rs538-540 billion excluding Rs27 billion collection charges for the next year (2004-05) under the sixth National Finance Commission (NFC) award, Dawn has learnt.
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Car premium moves up
KARACHI, May 4: Premiums on newly assembled cars are again touching the roof owing to late delivery of cars by the assemblers and galore of new models in the market, which is infusing a renewed buying passion among customers.
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Rs80.715m offered for Kohinoor Oil Mills
ISLAMABAD, May 4: The post-privatization issues like regulations and tariffs of utilities were impeding the strategic sale of mega state-run entities.
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KESC
KARACHI, May 4: It is fourteen years since the KESC distributed the last cash dividend to shareholders: at 10 per cent in 1989. But bonus shares were a constant feature until 1995, when one-for-10 shares were issued.
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Energy priority area for foreign investment
ISLAMABAD, May 4: Finance Minister Shaukat Aziz on Tuesday said that Pakistan's energy policy was extremely viable and provided attractive opportunities for investors to explore oil and gas reserves in the country.
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Pakistani Land Rover by middle of year
LAHORE, May 4: The first locally assembled high-end European jeep is expected to hit the Pakistan market by the middle of this year. The government has already approved the deletion programme for the local assembly of Land Rover jeeps
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Rise in POL prices slammed
KARACHI, May 4: Chairman Site Association of Industry Muhammad Nisar Shekhani has strongly criticized the Oil Companies Advisory Committee (OCAC) for recent increase in petroleum products by Re1 to Rs1.55 per litre, putting additional burden on consumers.
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Cotton market resumes trading on firm note
KARACHI, May 4: Trading on the cotton market on Tuesday resumed on a firm note after a three-day closure as ginners raised their asking prices followed by reports of falling unsold stocks.
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KSE 100-share index breaks 5,500-point barrier
KARACHI, May 4: Stocks on Tuesday finished with fresh widespread gains as investors resumed their covering purchases aided by steep decline in carryover rates and volume.
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