EOBI equity income up 190pc in 2003-04
KARACHI, July 26: The Employees Old-Age Benefits Institution (EOBI) made a fabulous growth of 189.90 per cent on equity income, realizing Rs1,055.912 million during the fiscal year 2003-04 as compared to Rs364.241 million a year ago
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Jatoi woos UK investors
LONDON, July 26: Federal Production and Industries Minister Liaqat Ali Jatoi said on Monday the multinationals in Pakistan were making 40 to 50 per cent profit and none of them had withdrawn their investment hence the British investors
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SBP sells dollars to boost rupee
KARACHI, July 26: The State Bank on Monday sold dollars in the market to boost the rupee after it fell past a 19-month low earlier, a banking source told Dow Jones Newswires.
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PICIC declares dividend on funds
KARACHI, July 26: PICIC Asset Management Company Limited (PAMCL) has declared the final dividends on PICIC Investment Fund (PIF) and PICIC Growth Fund (PGF) at 25 per cent and 35 per cent respectively for period ended June 30, 2004.
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Sugar price up by Re1 per kg
KARACHI, July 26: Sugar has become costlier by one rupee per kg as consumers are getting it at Rs21 as against Rs20 sold just two days ago. The wholesale price has also climbed to Rs2,000 per 100 kg bag from Rs1,900.
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Drawback on viscose, cotton fibre revised
ISLAMABAD, July 26: The Central Board of Revenue has revised rates of duty drawback on export of viscose fibre and cotton fibre made products. The new rates will be applicable from July 26, 2004
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Date shows at Mumbai
KARACHI, July 26: The Export Promotion Bureau will hold three dates shows at Mumbai, Dhaka and Jakarta from August 31 to September 10, 2004 to promote exports of Pakistani fresh and dried dates.
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Livestock export
ISLAMABAD, July 26: The ministry of food, agriculture and livestock (Minfal) has moved a summary to the federal cabinet for lifting of ban on export of livestock.
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Telecom firm to invest over $150m
ISLAMABAD, July 26: Warid Telecom will invest over $150 million and provide employment to about 400 people before initiating telecom services in the country, said chief operating officer Hamid Farooq.
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Microsoft to fight Japanese warning
TOKYO July 26: US software giant Microsoft Corp. said Monday it would fight the Japanese trade watchdog's warning over its alleged anti-monopoly law violations in licensing deals with manufacturers using its Windows software.
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Trading remains slow on cotton market
KARACHI, July 26: Trading activity on the cotton market remained slow as spinners lifted modest quantities of the lint, anticipating further fall in prices after steady increase in new crop arrivals.
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KSE 100-share index suffers 63.22 points fall
KARACHI, July 26: Stocks on Monday resumed trading on a bearish note as fears of badla-related sell-off kept leading investors on the sidelines for most of the session leading to a fresh decline both in the value and the volume.
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