| 21 May 2004 | Friday | 01 Rabi-us-Saani 1425 |
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Rs61.8bn Wapda loan converted into equity
ISLAMABAD, May 20: The federal government on Thursday took over Rs61.8 billion loans of Wapda as equity to improve its financial viability for subsequent privatization. ... 
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'One million tons wheat import not sufficient'
LAHORE, May 20: While the government's decision to import one million tons of wheat is indirect admission of a lower than estimated crop ...
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Inter-bank, open market rates' gap widens
KARACHI, May 20: The spread between official and open currency market exchange rates has widened to 100 paisa. If not checked immediately it will cause the official inflow of remittances from overseas Pakistanis to fall. ...
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'Collection' emerges as criterion: GST distribution
KARACHI, May 20: Criterion for distribution of 2.5 per cent GST in lieu of octroi and zila tax and for another 2.5 per cent provincial sales tax on services has emerged as the key and decisive factor in the deliberations of the National Finance Commission. ...
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Exhibitors fail to display products: Melbourne fair
KARACHI, May 20: Pakistani exhibitors could not display their products at a textile fair in Australia because the Export Promotion Bureau failed to deliver these goods booked two months ago. ...
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Austria offers to revamp PS units
ISLAMABAD, May 20: Austria on Thursday offered its services for the revamping, upgrading and modernization of automation and control systems of Pakistan Steel's different units along with a 60 million euros export credit. ...
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India may export 10m kg tea to Pakistan
KARACHI, May 20: Leading Indian tea packers are again active to sell 10 million kg of black tea to Pakistani importers and packers. A high level 11-member delegation of Indian Tea Association (ITA) ...
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SSGC signs Rs3bn loan deal with five banks
KARACHI, May 20: Sui Southern Gas Company (SSGC) on Thursday signed a memorandum of understanding (MoU) with a consortium of five commercial banks for a syndicate loan finance of Rs3 billion. ...
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Steps under way to improve revenue service
ISLAMABAD, May 20: The government is to introduce next fiscal year a set of radical measures to improve revenue services, provide speedy clearances and put in place a complete system of electronic preparation ...
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Move to ban duty-free import of machinery
KARACHI, May 20: Move to withdraw the facility of duty free import of machinery in the forthcoming budget is being resented by exporters who feel it will cripple the exports and also stop fresh investment. ...
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Trading remains insipid on cotton market
KARACHI, May 20: Trading on the cotton market on Thursday remained insipid as both sellers and buyers kept to the sidelines awaiting new developments on the supply and demand fronts. ...
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Stocks recover another 39.16 points
KARACHI, May 20: Stocks on Thursday gave another improved performance as leading investors covered positions at the lower levels on almost all the counters amid an actively traded session. ...
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