| 28 October 2004 | Thursday | 13 Ramazan 1425 |
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Privatization to encourage investment: PM
ISLAMABAD, Oct 27: Prime Minister Shaukat Aziz has said the government has to play the role of a facilitator and regulator to provide an enabling environment to the entrepreneurs to invest and do business. ... 
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Changes in budget '04 likely in January
KARACHI, Oct 27: Current fiscal year's budget needs a fresh look and probably a bit of revamping, because many of the budgetary allocations and sectoral projections for 04-05 have been knocked out in the very first quarter. ...
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KSE-100 index rose by 55pc in 2003-04
KARACHI, Oct 27: The KSE-100 index rose by 55 per cent to touch 5,279 points as on June 30, 2004 and the average daily turnover increased by 77 per cent to 389 million shares ...
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UK-based brokers interested in investment: Equity market
KARACHI, Oct 27: A UK-based firm of stock brokers, Fyshe Horton Finney Limited (FHF), is in advanced talks with a local brokerage house ...
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SBP to suck in extra liquidity
KARACHI, Oct 27: Banks had to borrow Rs8 billion overnight funds from the State Bank's discount window on Wednesday as an outflow of Rs14 billion from the banking system caused a temporary shortage of funds. ...
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Afghan imports' value falls 36pc
ISLAMABAD, Oct 27: The import value of Afghan Transit Trade (ATT) fell by 36.82 per cent in September 2004 over the same month last year. ...
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T-bills rates rise sharply
KARACHI, Oct 27: The State Bank on Wednesday sent a clear signal to the market that it would not mind increasing interest rates a bit faster to ward off inflationary pressures. ...
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OGDCL declares 15pc dividend
ISLAMABAD, Oct 27: The Board of Directors of Oil and Gas Development Company Limited on Wednesday declared first interim dividend of 15 per cent (Rs1.50 per share). ...
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SSGC okays 15pc cash dividend
KARACHI, Oct 27: The shareholders of Sui Southern Gas Company Limited on Wednesday approved the payment of Rs1.50 per share of Rs10 each for the year ending June 30, 2004. The gas volume sold in 2003-04 went up by 25 per cent from 254,349 mmcf per day to 318,068 mmcf. ...
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SBP revises criteria for Shariah advisers
KARACHI, Oct 27: The State Bank has revised the Fit and Proper Criteria for appointment of Shariah advisers in banks. It has advised all the Islamic banking institutions to provide details of their Shariah advisers on a revised format within 15 days of the issuance of this circular. ...
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Brisk trading on cotton market
KARACHI, Oct 27: Trading on the cotton market on Wednesday remained brisk as spinners and mills continued to cover their positions against their forward sales of cotton yarn to foreign importers. ...
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Higher payouts avert larger fall on stock market
KARACHI, Oct 27: Higher dividend announcements by some of the leading companies including OGDC and Fauji Fertilizer on Wednesday limited the market fall but the underlying sentiment was still shaky in the absence of strong institutional support. ...
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