| 27 June 2004 | Sunday | 08 Jamadi-ul-Awwal 1425 |
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Interest rate may be cut to 4pc by 2006-07
ISLAMABAD, June 26: The government is currently evaluating various proposals, including the one offered by the World Bank, to lower the real interest rate from 6 per cent to 4 per cent by 2006-07. ... 
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Preparations for new 5-year plan under way
ISLAMABAD, June 26: The Planning Commission has launched preparations to formulate 5-year plan which will commence on July 1, 2005 and cover the remainder of the on-going 10-year perspective plan period ...
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Punjab wheat farmers suffer Rs2.4bn loss: Lower support price
LAHORE, June 26: Former Adviser to the Chief Executive on food, agriculture and livestock, Chaudhry Shafi Niaz has calculated that procurement of about 3.5 million tons of wheat at the support price of Rs360 per 40 kg ...
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Hassles in running listed companies
KARACHI, June 26: Corporate and security regulations based on international legal standards and best practices are intended to be economical, efficient and effective for promoting robust corporate sector growth and broadbased capital market. ...
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Govt's bank borrowing shoots up to Rs84bn
KARACHI, June 26: The federal government's borrowing from the banking system shot up to Rs84 billion between July 1, 2003 and June 12, 2004, more than three times the original target of Rs27.9 billion set for this fiscal year, and higher than the revised estimate of Rs74 billion. ...
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No shortage of local yarn, says Aptma
KARACHI, June 26: All Pakistan Textile Mills Association (Aptma) has refuted the SOS message from various representatives bodies associated with textile and garments sector, and said there was no shortage of locally manufactured yarn for value- added textile sector. ...
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Structure imbalances need to be addressed
KARACHI, June 26: A seminar was organized by the Institute of Cost and Management Accountants of Pakistan (ICMAP) on Saturday, where the salient features of the Finance Act 2004-05 were discussed. ...
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Drastic fall in badla rates
KARACHI, June 26: The weighted average carryover rates suffered a sharp setback again falling into a single-digit at 8.1 from 14.1 per cent a week earlier. ...
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Govt aims self-reliance in oil, gas sector
ISLAMABAD, June 26: Minister for Petroleum and Natural Resources Ch. Nouraiz Shakoor on Saturday said that speedy development and timely completion of oil and gas projects would not only bring socio-economic progress ...
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CCoP okays green shoe option for PIA
ISLAMABAD, June 26: The Cabinet Committee on Privatization (CCoP), in its meeting chaired by Finance Minister Shaukat Aziz here on Saturday, accorded its approval to the exercise of green shoe option on PIAC offering to accommodate all the applicants. ...
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SBP, NBP timings extended till 30th
ISLAMABAD, June 26: To facilitate the taxpayers in paying their due taxes like income tax, sales tax, customs and central excise duties, all branches of State Bank and the designated branches of National Bank will remain open till 8 pm on June 27-29 and till 10 pm on June 30. ...
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Cotton prices resist fresh decline
KARACHI, June 26: Cotton prices on Saturday resisted fresh decline as revival of mills demand was widely welcomed by ginners and some of them obliged spinners after lowering their asking prices. ...
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