ICI shares in Pakistan PTA sold at low price
KARACHI, Sept 1: The ICI Pakistan Limited, on Wednesday, announced that it had sold all of its 25 per cent stake in the Pakistan PTA Limited at Rs10.50 a share.
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Govt moves to protect foreign investment: Draft bill finalized
ISLAMABAD, Sept 1: The government has finalized a draft bill seeking protection of foreign investment by authorizing only the High Courts and the Supreme Court to take up cases relating to litigation.
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Yields on T-bills increase sharply
KARACHI, Sept 1: The State Bank on Wednesday raised the yields on three-month and one-year treasury bills by wider-than-expected margins to 2.23 per cent and 2.97 per cent respectively.
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Prices of five essential items up
KARACHI, Sept 1: The month of August ended with the consumers paying higher prices to buy onion, gram pulse, potato, garlic, egg, etc. They, however, paid same as before for some pulses, poultry bird and red chillies and got tomatoes at reduced rates.
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Bidding date for rice, potatoes extended
KARACHI, Sept 1: The Trading Corporation of Pakistan (TCP) has extended the bidding date of its tenders for the purchase of rice and potatoes for Sri Lanka to September 7.
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Parco to pay $100m to banks next week
KARACHI, Sept 1: Unlike in the past Pak-Arab Refinery Co. will not roll-over a $100 million instalment due next week out of its $350 million dollar-rupee swap with a consortium of banks.
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5pc duty imposed on equipment: Oil exploration
ISLAMABAD, Sept 1: Pakistan has imposed a five per cent import duty on equipment used in exploration and production of hydrocarbons in the country, a government official said on Wednesday.
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Trade deficit with China swells by 252.4pc
ISLAMABAD, Sept 1: Pakistan's trade deficit with China has widened by 252.4 per cent to $865.211 million in 2003-04, from $245.512 million in 1998-99.
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Buyers remain active on cotton market
KARACHI, Sept 1: Active trading was witnessed on the cotton market on Wednesday as spinners and mills were not inclined to take even a technical breather fearing further increase in prices.
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Investors aghast over bourses' erratic behaviour
Karachi, Sept 1: Stocks, on Wednesday, turned volatile as leading investors once again played on both sides of the fence, apparently, awaiting the return of financial institutions in the arena.
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