| 01 August 2004 | Sunday | 14 Jamadi-us-Saani 1425 |
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Refinance, KIBOR rate hike to hit exports
KARACHI, July 31: Six-month Karachi inter-bank offered rate or KIBOR moved up by 51 basis points to 3.48 per cent at end-July from 2.97 per cent at end-June this year. ... 
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Second phase of Gwadar Port to start next year
ISLAMABAD, July 31: The government has finalized arrangements to undertake the construction of second phase of Gwadar Port in May 2005 at a cost of $865 million (Rs51.9 billion). ...
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Wrong signal to foreign investors
KARACHI, July 31: Violence is assuming new dimensions in an an economy in dire need of a sustainable investment-led growth. Despite high growth rates, the country has yet to emerge on the global map as a major destination for foreign investment. ...
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Kitchen items' prices up by 9 per cent
KARACHI, July 31: Burden on consumers has intensified as prices of essential kitchen items in the city increased by an average nine per cent in July as compared to June 2004. ...
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EOBI plans to divest 51pc shares: Universal Leasing
KARACHI, July 31: Employees Old Age Benefits Institution (EOBI) proposes to divest its strategic shareholding with management control in Universal Leasing Corporation Limited. ...
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The Allied Bank story
KARACHI, July 31: The chequered story of the Allied Bank of Pakistan took another turn on Monday when the State Bank Pakistan issued a Letter of Acceptance (LOA) to the consortium of Ibrahim Leasing Limited Group ...
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PPL shares receive 755,000 applications
ISLAMABAD, July 31: The Initial Public Offering (IPO) of 10pc shares of Pakistan Petroleum Limited, which has set a record of general public response, attracted 755,000 applications worth Rs21 billion. ...
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TCP receives 6 bids for wheat import
KARACHI, July 31: Twelve parties on Saturday participated in the Trading Corporation of Pakistan (TCP) tender for the import of 500,000 tons of soft white or medium hard white wheat. ...
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Rs28.4bn collected in 1st month
ISLAMABAD, July 31: The Central Board of Revenue (CBR) has collected Rs28.6 billion in the first month of 2004-05 against Rs23.4 billion during the same month last year, showing an increase of 22.2 per cent. ...
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Badla rates fall to 8.3 per cent
KARACHI, July 31: The average weighted carryover rates fell into a single-digit at 8.2 per cent during the previous week after having remained stable around 13 per cent for the last couple of weeks. ...
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Rich states agree to cut farm subsidies
ISLAMABAD, July 31: Rich countries, including the United States, have agreed to reduce agriculture subsidies, opening market access to the products of developing countries. ...
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Pakistan, Kenya sign two MoUs
ISLAMABAD, July 31: Pakistan and Kenya have signed two Memoranda of Understanding on cooperation in the field of Information Technology and Tourism. ...
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CE, ST dept merged as part of tax reforms
ISLAMABAD, July 31: The government has decided to merge the central excise wing in sales tax department as part of re- structuring of the tax administration. ...
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Cotton market remains under pressure
KARACHI, July 31: Cotton market on Saturday remained under pressure as ginners from the lower Sindh indulged in hasty selling followed by reports of steady arrivals of new crop. ...
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