| 22 October 2004 | Friday | 07 Ramazan 1425 |
|
Private sector credit rising too fast
KARACHI, Oct 21: Banks' lending to the private sector that stood at Rs21 billion in July-August this year shot up to Rs64.5 billion as on October 2, 2004, according to the latest data released by the State Bank. ... 
|
|
Plan under way to qualify for GSP plus
ISLAMABAD, Oct 21: The government has started formal consultations with relevant trade bodies to evolve a strategy for meeting the minimum requirements to qualify for European Union (EU) new generalised system of preferences (GSP) to be effective from the year 2006. ...
|
|
||
|
CBR plans reference value database
ISLAMABAD, Oct 21: The Central Board of Revenue (CBR) has decided to establish a reference value database for maintaining uniformity in assessment of imported goods at all customs stations. ...
|
|
TCP sugar tender gets massive response
KARACHI, Oct 21: The Trading Corporation of Pakistan (TCP) has received bids for 62,000 tons of sugar as against its offer for 42,000 tons mainly because of sugar millers' insistence on the government to increase sugar retail price to Rs20 a kg. ...
|
|
|
||
|
Loopholes found in bourses infrastructure
ISLAMABAD, Oct 21: A report prepared by an Expert Committee has found dozens of loopholes in all the three stock exchanges working including the vulnerability of investors to different forms of market abuse ...
|
|
State Bank intervenes to lift rupee
KARACHI, Oct 21: The rupee, after losing 80 paisa or 1.3 per cent value against the dollar in three days, made a slight recovery on State Bank's intervention. But it recovered modestly only after falling to a nearly three-year intra-day low of 61.50 a US dollar. ...
|
|
|
||
|
SBP eases forex rules
KARACHI, Oct 21: The State Bank has relaxed foreign exchange rules enabling the branches of foreign companies or multinationals operating in Pakistan to make payments abroad in foreign currencies on account of utilization of information technology services. ...
|
|
Bank Islami to begin operations next year
KARACHI, Oct 21: Pakistan's second full-fledged Islamic bank, Bank Islami Pakistan Ltd., on Thursday said it expects to begin operations early next year. ...
|
|
|
||
|
Minister convenes bike makers' meeting on 25th
KARACHI, Oct 21: Industries and Production Minister Jehangir Khan Tareen will meet local motorcycle assemblers on October 25 in order to solicit views from stakeholders on issues related to the two-wheeler industry. ...
|
|
APL attains ISO 14001
RAWALPINDI, Oct 21: Attock Petroleum Limited (APL) has announced that it has attained ISO 14001: 1996 certification in recognition of its environmental-friendly products, policies and systems. ...
|
|
|
||
|
Firm trend on cotton market
KARACHI, Oct 21: Cotton market on Thursday showed firm trend as strong presence of the TCP, as a second buyer, has reinforced the ginner perceptions about a robust rally. ...
|
|
Energy, cement sectors lead losses on stock market
KARACHI, Oct 21: Stocks on Thursday further eased from their recent higher levels on renewed profit-selling by some of the leading institutional investors amid fears of fresh heavy float from the carryover market. ...
|
|
|
||
