| 04 July 2004 | Sunday | 15 Jamadi-ul-Awwal 1425 |
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SBP issues rules for margin financing
KARACHI, July 3: The State Bank on Saturday introduced a set of regulations for financing to brokers by banks and Development Finance Institutions or DFIs. The central bank has introduced these guidelines primarily to facilitate the transition from Badla to margin-financing in the stock exchange. ... 
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Badla system to go by year-end
ISLAMABAD, July 3: Securities and Exchange Commission of Pakistan and the State Bank of Pakistan here on Saturday announced the Margin Trading Rules 2004 and Regulations for Margin Financing by banks/DFIs that pave the way for replacement of the prevailing system of badla financing by the end of the year. ...
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State Bank to invest $2.8bn through foreign banks: Fixed income securities
ISLAMABAD, July 3: The State Bank has decided to place $2.8 billion out of the foreign exchange reserves of $12 billion at the disposal of 8 foreign banks for investment in fixed income securities. ...
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Rs45-50bn needed to import 2m tons wheat
KARACHI, July 3: The government will have to allocate Rs45-50 billion for import of about two million tons of wheat this year as all the initial projections of local crop estimates have proved wrong ...
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The growing appetite of universal banking
KARACHI, July 3: The banking reforms initiated in 1997 designed to have fewer but stronger banks and based on the concept of universal banking have strengthened the commercial banks. ...
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Cement sale moves up by 14pc in April-June
LAHORE, July 3: All Pakistan Cement Manufacturers Association (APCMA) chairman Tariq Saigol on Saturday said the demand for cement continued to surge in the last quarter of the last fiscal year ...
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Betel nut imports dispute resolved
KARACHI, July 3: A twenty-month-old dispute between importers of betel nut and customs authorities has finally been resolved after both sides agreed upon new criteria for its import. ...
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PPL shares offering from 19-22nd
KARACHI, July 3: Shares of Pakistan Petroleum Limited will be offered for public subscription from July 19 to 22, said Karachi Stock Exchange managing director Moin M. Fudda here on Saturday. ...
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HBFC announces relief package
KARACHI, July 3: House Building Finance Corporation (HBFC) has announced a relief package 2004 for those borrowers, who, for various reasons, could not maintain regularity in housing loan repayments. ...
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Stock Market Fund's bonus dividend
KARACHI, July 3: Pakistan Stock Market (PSM) Fund has declared a bonus dividend of Rs30 per unit, which makes 60pc of the face value of a unit i.e. Rs 50. ...
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NIT declares Rs2.55 per unit record dividend
KARACHI, July 3: National Investment Trust (NIT) has declared a record dividend of Rs2.55 per unit for the period ended June 30, 2004, up by 80 paisa over last year. ...
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China invests over $4bn in Pakistan
BEIJING, July 3: Chinese overall investment in Pakistan has exceeded $4 billion, with gradual improvement in the trade. ...
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Single-page draft return form introduced
ISLAMABAD, July 3: The Central Board of Revenue (CBR) on Saturday introduced single-page draft tax return form, to be effective from tax-year 2004, with separate annextures for each source of income as part of government's move to facilitate the taxpayers. ...
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Faletti's Hotel bid price deposited
ISLAMABAD, July 3: 4-B Marketing, the highest bidder for Faletti's Hotel, Lahore, on Friday deposited the bid price of Rs1.211 billion with the Privatization Commission to take over the hotel. ...
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Mangoes post-harvest losses
ISLAMABAD, July 3: Mango exports can be doubled by saving post-harvest losses and adopting healthy and quality standards. ...
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Uncertainty prevails in cotton market
KARACHI, July 3: The cotton market finished the weekend session on an uncertain note as ginners could not precisely decide how to operate amid falling mill demand. ...
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