| 19 October 2004 | Tuesday | 04 Ramazan 1425 |
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FCY export loans fall by 31pc: July-September 2004
KARACHI, Oct 18: The amount of foreign currency export loans fell 31 per cent to $373 million at end-September from $540 million at end-June 2004 as a 1.9 per cent decrease in the rupee value lowered the exporters' appetite for these loans. ... 
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Pakistan for multilateral negotiations
ISLAMABAD, Oct 18: Commerce Minister Humayun Akhtar Khan has said the best way to move forward in trade liberalization was through multilateral negotiations rather than bilateral deals. ...
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GDP growth forecast cut down for FY05: ABN-Amro report
KARACHI, Oct 18: Economists at ABN-Amro said in their July-Sept 2004 quarterly report released on Friday that the bank was revising the top end of the country's forecasted economic growth in FY05 to around 6.0-6.2 per cent, from an earlier range of 6.0-6.5 per cent. ...
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IDB to issue Islamic bonds next year
SINGAPORE, Oct 18: The Islamic Development Bank (IDB) is seeking to issue another US dollar-denominated Islamic bond, likely in the first quarter of 2005, according to the Saudi Arabia-based bank's Treasurer Mohammad Tariq. ...
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Pakistan-Russia trade to grow
KARACHI, Oct 18: Vitaly Glinkin, leader of the visiting Russian trade and investment delegation, has said that bilateral trade with Pakistan will further increase in near future. ...
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Minimum value addition for ST levy
ISLAMABAD, Oct 18: The Central Board of Revenue has reduced the minimum value addition to around three per cent from 10 per cent for the levy of sales tax on purchases of retailers of five sectors. ...
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Exemption granted
ISLAMABAD, Oct 18: The Central Board of Revenue has granted International Freight Forwarders an exemption/waiver from additional tax and penalty accrued due to late filing of tax returns for four months of 2004 (June to September). ...
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Pakistan eyes Rs2 billion investment in marble sector
ISLAMABAD, Oct 18: The marble and granite sector will be addressed scientifically with a consistent follow-up by the ministry of industries and production to achieve an investment of Rs2 billion and export target of $500 million in this area. ...
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Rupee sheds 20 paisa in one go
KARACHI, Oct 18: The rupee lost 20 paisa in inter-bank market on Monday on higher demand for dollars for payment of an $18 million oil import bill and for making ordinary outward remittances. ...
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Seminar on business success held
KARACHI, Oct 18: A seminar on the topic "Business Success through Human Resource Management" was organized by the Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP). ...
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Cotton market keeps steady posture
KARACHI, Oct 18: The cotton market on Monday maintained a steady posture despite larger than expected latest arrival figures of phutti into ginneries at 3.613m bales. ...
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KSE index sheds another 52.76 points
KARACHI, Oct 18: Stocks on Monday finished with an extended fall as the mid-session strong rally faded out under the weight of selling in most of the pivotals at still higher levels, but there were buyers at dips. ...
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