| 12 October 2004 | Tuesday | 26 Shaban 1425 |
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Korean firm keen to build dry dock
KARACHI, Oct 11: A leading Korean shipping line, Daeyang Shipping Company, has shown its interest in setting up dry dock at Karachi Port and upcoming Gwadar Port in Balochistan. ... 
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LPG reverts to old high price
KARACHI, Oct 11: Price of liquefied petroleum gas (LPG) has again reverted to the older higher levels. Retailers have again become active by charging old rates of Rs42-43 as compared to Rs37-38 per kg. ...
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Oil import bill up by 38pc in July-Sept
KARACHI, Oct 11: Pakistan's oil import bill has risen by about 38 per cent in the first quarter of this fiscal year over a year-ago period, but its share in total import bill remains unchanged at 22 per cent. ...
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IFC offers financing to future owner: KESC privatization
KARACHI, Oct 11: The International Finance Corporation (IFC), the private sector lending arm of the World Bank, is expected to participate in the financing of the Karachi Electric Supply Corporation after its privatization. ...
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Millers refuse to start crushing by deadline: Cane price issue
KARACHI, Oct 11: Sindh sugar mills have decided not to start sugarcane crushing from October 15, 2004, as agreed with the Chief Minishter Dr Arbab Rahim, to mark their protest against fixation of minimum cane price at Rs43 per 40kgs for crushing season 2004-05. ...
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SBP to sell Rs5bn TBs ahead of Ramazan
KARACHI, Oct 11: The State Bank plans to sell Rs5 billion six-month treasury bills on Wednesday to mop up part of Rs10 billion inflow through maturing T-bills on Thursday, when the settlement of this auction would take place. ...
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Mutual fund growth potential enormous
KARACHI, Oct 11: The mutual fund industry in Pakistan has taken off at a dramatically rapid pace and the growth potential is enormous. ...
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Shares buy-back rules explained
KARACHI, Oct 11: The sponsors of companies who apply for buy-back of shares are required under the relevant regulations to repurchase shares from the public during the initial period of 60 days ...
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Wheat output target set at 20.15m tons
ISLAMABAD, Oct 11: The Federal Committee on Agriculture (FCA) on Monday set wheat production target at 20.15 million tons for 2004-05. This was disclosed by Food, Agriculture and Livestock Minister Sakandar Hayat Bosan ...
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Undue rise in freight rates irks exporters
KARACHI, Oct 11: The Rice Exporters Association of Pakistan (REAP) has asked the Pakistan National Shipping Corporation (PNSC) to rescue exporters from the monopolistic attitude of foreign shipping lines which are charging exorbitant freight rates. ...
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Assistance in revenue collection
KARACHI, Oct 11: The Directorate General Audit and Evaluation Revenue Receipts will assist the government in increasing revenue and identifying flaws and loopholes to plug leakages. ...
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Mini exchange firms can hold foreign currencies
KARACHI, Oct 11: The State Bank has allowed B-category exchange companies to hold foreign currencies equivalent to 25 per cent of their respective paid up capitals at the end of each business day. ...
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Prices remain stable on cotton market
KARACHI, Oct 11: Cotton prices on Monday remained stable at the weekend levels as the Trading Corporation of Pakistan and private sector exporters remained active buyers around the current levels. ...
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Bullish trend continues on stock market
KARACHI, Oct 11: Stocks on Monday extended the previous week's run-up as investors were not inclined to take even a technical breather in an apparently overbought market and despite a good bit of profit-selling managed to finish with fresh gains. ...
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