20pc Kapco shares to go public after Ramazan
ISLAMABAD, Oct 25: Federal Minister for Privatization and Investment Dr Abdul Hafeez Shaikh has directed the Privatization Commission to make the Initial Public Offering (IPO) of 20 per cent shares of Kot Addu Power Company (Kapco) through stock exchanges soon after Ramazan.
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Returns on fresh deposits move up
KARACHI, Oct 25: Banks had to offer a slightly higher return on fresh deposits raised in August to keep the deposits base growing while they went on lending at higher rates. Weighted average return on bank deposits mobilized in August crawled up to 1.51 per cent from 1.20 per cent in July
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Dumping duty imposed on Korea, Iran: PVC Resin
ISLAMABAD, Oct 25: National Tariff Commission (NTC) has imposed provisional anti-dumping duty on PVC Resin (suspension grade) imported from Korea and Iran at the rate of 40.18 per cent and 31.06 per cent ad val of C&F price
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Cut in duties hurts auto parts manufacturers: CBU vehicles
ISLAMABAD, Oct 25: The auto parts manufacturers are experiencing "potential threats" of reduced sales volumes due to 150 per cent to 200 per cent reduction in duties on the import of Completely Built Up (CBU) vehicles.
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Rupee sheds 61 paisa vs dollar
KARACHI, Oct 25: The rupee on Monday shed 61 paisa or one per cent value against the US dollar in the inter-bank market, sinking below a three-year low of 61 a dollar.
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Aziz rules out U-turns in policies
LAHORE, Oct 25: Prime Minister Shaukat Aziz on Monday said Pakistan had been accepted as an investor-friendly country where foreign entrepreneurs could invest their money without fear.
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Pakistan State Oil
KARACHI, Oct 25: On Monday, Pakistan State Oil (PSO) announced financial figures for the first quarter of the financial to end on June 30, 2005.
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Condensate oil sale, purchase deal signed
ISLAMABAD, Oct 25: The government of Pakistan on Monday signed the Condensate Oil Sale Purchase Agreement with joint venture partners of the Zamzama Gas Field, namely BHP Petroleum
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Prices remain stable on cotton market
KARACHI, Oct 25: Trading on the cotton market on Monday resumed on a firm note as prices remained stable around the weekend levels aided partly by strong mill buying and partly to active participation of the TCP in daily activity.
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Index fails to stay above 5,500-point on late-selling
KARACHI, Oct 25: Stocks on Monday opened on a higher note ahead of board meetings of some leading corporate giants, including PSO and National Bank, but failed to sustain the early run-up on late selling as both the companies showed higher earnings but no interim payouts.
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