| 15 October 2004 | Friday | 29 Shaban 1425 |
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Framework to attract investment finalized
ISLAMABAD, Oct 14: A special group, constituted by Prime Minister Shaukat Aziz under the chairmanship of his adviser on finance Dr Salman Shah, has finalized a preliminary framework to attract investment ... 
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Anti-financial crime law in two months
ISLAMABAD, Oct 14: The chairman Securities and Exchange Commission of Pakistan (SECP), Dr Tariq Hassan on Thursday said the anti-financial crimes law would be finalized within next two months. ...
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Rupee sheds 30 paisa in 4 days
KARACHI, Oct 14: The rupee on Thursday lost 12 paisa more against the US dollar in the inter-bank market on increased dollar buying for oil payments as well as for transfer of profits abroad by multinational companies. ...
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Tax relief sought
KARACHI, Oct 14: Textile industry seeks some tax relief against their huge investments made in the recent past as well as for future expansion of the industry so that further investment was attracted. ...
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Petrol price jumped by 51.31pc in five years
KARACHI, Oct 14: Irrespective of the positive economic indicators, consumers have experienced phenomenal jump in oil products as against partial increase in electricity and gas rates in the last five years. ...
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Banks still short of cash
KARACHI, Oct 14: Banks that had run short of cash borrowed Rs25.6 billion overnight funds from the State Bank discount window on Thursday. On Wednesday also, they had borrowed Rs12.6 billion from the central bank. ...
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SBP warns against lending on low rates
KARACHI, Oct 14: Pakistan's banks should avoid lending recklessly and betting the current low interest rate environment would remain unchanged for a long time, because such expectations can expose them to high credit risks ...
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Capital market reforms making headway
KARACHI, Oct 14: Managing Director of the Karachi Stock Exchange, Moin M. Fudda held separate meetings with the Adviser to the Finance Minister Dr Salman Shah and Minister of State for Finance Mr Omer Ayub Khan in Islamabad ...
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Acquisition
KARACHI, Oct 14: The Resource Group (TRG), the largest IT-enabled services company in Pakistan, which is publicly traded on the Karachi Stock Exchange, announced on Thursday ...
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Keyal power project: proposals sought
ISLAMABAD, Oct 14: Federal Minister of Water and Power Liaquat Ali Jatoi has asked the NWFP government to submit its recommendations regarding construction of the Keyal Khawr hydro power project ...
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S. Arabia to promote trade with Pakistan
KARACHI, Oct 14: Consul General of Saudi Arabia Dr Hassan A. Attar said on Thursday that his country was ready to discuss and remove obstacles, if any, to promote trade between the two countries. ...
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US trade deficit swells to $54bn
WASHINGTON, Oct 14: The US trade deficit boomed to $54 billion in August, the second biggest in history, as the country was swamped by high-priced oil and Chinese-made goods. ...
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Heavy buying on cotton market
KARACHI, Oct 14: Brisk trading was witnessed on the cotton market on Thursday as spinners and mills lifted all the lots offered by ginners below the Rs2,000 per maund. ...
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Stocks gain 24 points despite late selling
KARACHI, Oct 14: Stocks on Thursday resumed trading on a higher note on active follow-up support but late-selling on some of the blue chip counters allowed them to finish with clipped gains ...
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