| 14 October 2004 | Thursday | 28 Sha'aban 1425 |
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Ports asked not to charge security surcahrge
KARACHI, Oct 13: Minister for Ports and Shipping Senator Babar Ghori has asked terminal operators to immediately stop taking surcharge on account of International Ships and Ports Security (ISPS) Code. A notice to this effect has been issued recently. ... 
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SBP raises TBs yield to fight inflation
KARACHI, Oct 13: The State Bank on Tuesday blocked a sharp increase in the yield on six-month treasury bills and instead allowed a modest raise in it. ...
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Rupee down 2.5pc since July 1
KARACHI, Oct 13: The rupee lost another four paisa to a US dollar in the inter bank market on Wednesday. Senior bankers said it fell to 59.57 a dollar despite a modest intervention by the State Bank from 59.53 on Tuesday. ...
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Gas pipeline discussed with Russia
MOSCOW, Oct 13: Russian natural gas monopoly Gazprom's Chief Executive Alexei Miller and Pakistan's Ambassador to Russia Iftikhar Murshed have discussed the construction of a pipeline to carry natural gas ...
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Govt may review Forex Liberalization Act: Easing pressure on rupee
ISLAMABAD, Oct 13: Alarmed by the creeping devaluation of the rupee, the government is likely to review the 1992 Exchange Rate Liberalization Act to ease pressure on the rupee which has lost Rs2 against the US Dollar since April 2004. ...
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Social, living standard survey in full swing
KARACHI, Oct 13: The country's first Pakistan Social and Living Standard (PSLS) survey covering 77,000 households in all the 106 districts is in full swing, and enumeration and data collection is expected to be completed ...
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16 equity issues documents cleared
KARACHI, Oct 13: The Karachi Stock Exchange had so far cleared the offering document of 16 new equity issues with total paid-up capital of over Rs22 billion this year, Moin M.Fudda, managing director of the Exchange said ...
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Three garment cities being set up
KARACHI, Oct 13: Export Promotion Bureau is planning for setting-up three garment cities at Karachi, Lahore and Faisalabad with the assistance of People's Republic of China to further improve and modernize garment industry in the country. ...
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Next round of trade talks with US in December
LAHORE, Oct 13: Commerce Minister Humayun Akhtar Khan on Wednesday said that the next round of Pakistan-US talks on bilateral investment treaty (BIT) would be held in London in December. ...
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TCP gets Rs5bn to fund cotton procurement
KARACHI, Oct 13: The Trading Corporation of Pakistan has secured Rs5 billion from a consortium of five banks at a competitive mark-up to ensure prompt payment to ginners against the purchase of lint. ...
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Retrospective raise of duty drawback sought
KARACHI, Oct 13: The Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) has urged the Central Board of Revenue to allow retrospective implementation of duty drawback SRO 698(I)/2002 for leather garment exports. ...
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Apple Show begins in Balochistan
QUETTA, Oct 13: Varieties of apple produced by Balochistan's formers were put on display in a three-day annual Pakistan Apple Show, which began here on Tuesday. The aim of the show is to promote exports of apple and other fruits. ...
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Lint prices fall on panic selling
KARACHI, Oct 13: Cotton market on Wednesday remained under pressure as prices suffered fresh decline on panic-selling by ginners followed by reports of higher world and local production. ...
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Overbought market remains in bullish frame of mind
KARACHI, Oct 13: Stocks on Wednesday remained in a bullish frame of mind as investors were not inclined to take even a technical breather in an overbought market amid predictions of fresh increase in share values. ...
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