| 20 October 2004 | Wednesday | 05 Ramazan 1425 |
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Citibank, HSBC named lead managers: Islamic bonds
ISLAMABAD, Oct 19: The government on Tuesday appointed Citibank and Hong Kong Shanghai Banking Corporation (HSBC) as Pakistan's lead managers to float $500 million Islamic bonds (Sukuk) in Europe and Asia including the Middle East. ... 
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Two-pronged strategy to tackle competition: Post-quota regime
KARACHI, Oct 19: The Export Promotion Bureau (EPB) has drawn up a two-pronged strategy that seeks collaboration with the US investors and importers of textiles ...
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Non-filers to be issued notices
ISLAMABAD, Oct 19: The Central Board of Revenue (CBR) has decided to issue notices to all non-filers of income tax returns for the tax-year 2004 across the country in a bid to widen the tax base. ...
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Dubai firm keen to invest Rs20bn
ISLAMABAD, Oct 19: DAMAC Investment Company of Dubai has shown its keen interest in investing around Rs20 billion in various projects in Pakistan, with particular focus on the real estate sector. ...
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Dollar flies past Rs60
KARACHI, Oct 19: The US dollar flew past Rs60 on Tuesday with confidence to stay there and even rise further as the central bank let market forces to determine the rupee value instead of intervening to support it. ...
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Smooth Afghan transit trade assured
ISLAMABAD, Oct 19: The government will remove all non-tariff barriers causing hurdles in the smooth Afghan Transit Trade (ATT). ...
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Reasons for low mango export identified
KARACHI, Oct 19: Mango harvest loss figures up to 40 per cent while only 5 per cent of total harvest is exported and that also at relatively lower price. High air transportation cost further reduces the profit margin. ...
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SBP advice to banks
KARACHI, Oct 19: The State Bank has taken notice of the fact that the banks and development finance institutions (DFIs) are indicating the expected rate of return in the account opening forms and in the deposit certificates/instruments which they are unable to pay. ...
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Pakistan Oilfields Limited
KARACHI, Oct 19: On Tuesday, Pakistan Oilfields Limited (POL) announced results for the first quarter ended September 30 (Q105). The company logged in profit after tax amounting to Rs660 million, which was lower than generally expected net profit ...
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TCP to set up warehouse in Multan
ISLAMABAD, Oct 19: The inter-ministerial committee has decided that the Trading Corporation of Pakistan (TCP) will set up a warehouse in Multan to buy and stock cotton from adjacent areas. ...
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Prices remain stable on cotton market
KARACHI, Oct 19: Cotton prices on Tuesday remained stable around the previous levels as larger-than-expected arrivals of phutti into the ginneries did not trigger nervous selling from ginners. ...
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Active short-covering helps index recover 86 points
KARACHI, Oct 19: Stocks on Tuesday recovered from the previous lows on active short-covering in most of the blue chips under the lead of energy shares, notably OGDCL, PPL and PSO. ...
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