| 18 July 2004 | Sunday | 29 Jamadi-ul-Awwal 1425 |
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Lint prices decline on bumper China crop
KARACHI, July 17: China may be happy over its bumper cotton crop of around 30 million bales - 36 per cent higher than 22 million bales it produced last year -but does that come as bad news for rest of the world, including Pakistani exporters? ... 
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Budget-making and the role of legislators
KARACHI, July 17: An almost two-hour dialogue between the legislators and the representatives of civil society to discuss the role of the civil society in budget making process was absorbing and engaging but proved to be an aimless exercise. ...
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76 anomalies identified in budget
KARACHI, July 17: Businessmen and industrialists have identified over 76 irritants/anomalies in the 2004-2005 budget in which over 60 relate to customs duty, nine to sales tax, two to income tax and five to central excise duty. ...
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Gap between lending, deposit rates moves up
KARACHI, July 17: That the banking system has failed in giving more to its depositors even when it earns more is evident from the fact that when the banks raise their lending rates they do not necessarily increase the deposit rates as well. ...
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Trade deficit in a growing economy
KARACHI, July 17: External trade policy is an extension of national agenda geared to the needs of a domestic economy. Foreign trade brings prosperity to the local market. ...
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Private sector borrowing target set at Rs200bn
KARACHI, July 17: The National Credit Consultative Council (NCCC) on Saturday set a Rs200 billion target for the private sector bank borrowing during the current fiscal year. ...
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NWFP seeks package to boost exports
ISLAMABAD, July 17: The NWFP Chief Minister, Mohammad Akram Durrani, said on Saturday that he had asked the federal government to consider a package in the up-coming trade policy to enhance exports from his province. ...
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Shaukat briefed on trade policy
ISLAMABAD, July 17: The commerce ministry on Saturday briefed Finance Minister Shaukat Aziz on the upcoming trade policy for 2004-05, ministry sources said. ...
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Saudi Pak approves Rs1.187bn financing
ISLAMABAD, July 17: The Board of Directors of Saudi Pak Industrial and Agricultural Investment Company (Pvt) Limited approved here on Saturday a total financing of Rs1,187 million for 25 companies in Pakistan. ...
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Withdrawal of GST on cottonseed notified
ISLAMABAD, July 17: The government has withdrawn a 15 per cent general sales tax (GST) levied on the supply of cottonseed in the budget 2004-05, a notification issued by the Central Board of Revenue on Saturday said. ...
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Subscription for PPL IPO begins tomorrow
ISLAMABAD, July 17: All is set to open the Initial Public Offer (IPO) of 10 per cent (68.6 million shares) of Pakistan Petroleum Limited at the rate of Rs55 each for four days beginning on July 19. ...
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Industrial scheme for expats opened
KARACHI, July 17: Minister for Communications Senator Babar Khan Ghauri on Saturday inaugurated first low cost industrial scheme for overseas Pakistanis that would be completed in 12 to 18 months. ...
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Rupali Bank merger
DHAKA, July 17: The Karachi branch of Bangladesh's public sector Rupali Bank is set to merge with a Pakistani security company soon, ending a four-year deadlock resulting from the State Bank of Pakistan's decision in 2000 ...
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Cotton prices fall amid panic-selling
KARACHI, July 17: Lint prices on Saturday drifted further lower as some of the ginners indulged in near-panic selling as spinners again withdrew to the sidelines anticipating fresh decline during the next week. ...
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