| 12 November 2004 | Friday | 28 Ramazan 1425 |
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State Bank's reserves fall by $258m
KARACHI, Nov 11: Liquid foreign exchange reserves held by the State Bank fell by $258 million to $9.519 billion during the week ending on November 6, according to the data released by the central bank. The SBP's reserves fell as the central bank started selling dollars to the banks from the start of this month ... 
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ST on textile exports leads to higher cost: Quota-free regime 50 days away
KARACHI, Nov 11: The WTO quota-free regime is now only 50 days away but value-added textile exporters are in a dilemma as to how they would face the challenges of the free market when production cost of their goods remains much higher than their competitors ...
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Cotton export rises by 150pc
KARACHI, Nov 11: A more than 150 per cent increase in export of raw cotton coupled with rise in yarn shipment during October has given a tremendous setback to the export of value added textile products which has showed a more than 11 per cent fall ...
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TCP cotton buying limit raised to 6,000 bales
KARACHI, Nov 11: The inter-ministerial Cotton Procurement Committee has asked the Trading Corporation of Pakistan (TCP) to increase the purchase limit from 3,000 bales to 6,000 bales from each ginning factory to further gear up procurement drive. ...
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'Insider' information pushes PTCL shares up
KARACHI, Nov 11: It was indeed the disinvestment process of Pakistan Telecommunication Company Limited (PTCL) that was at the heart of discussion at a press conference held in Islamabad on Thursday. ...
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SBP scraps PIBs auction
KARACHI, Nov 11: The State Bank on Thursday refused to increase the yield on long-term Pakistan Investment Bonds to the levels desired by the market. ...
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Free trade deal with Afghanistan under study
ISLAMABAD, Nov 11: Pakistan is considering a proposal to make a formal request to Afghanistan for initiating a dialogue on free trade agreement (FTA) aimed at increasing bilateral cooperation and trade volume. ...
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70,000 tons DAP lying at port
ISLAMABAD, Nov 11: The government on Wednesday warned the fertilizer companies of cancellation of their licence if they failed to immediately lift and distribute 70,000 tons DAP fertilizer lying at Karachi Port for many days. ...
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Ginning waste
ISLAMABAD, Nov 11: The Central Board of Revenue on Thursday allowed zero-rated the supply of ginning waste to facilitate ginners. The decision was announced through a sales tax notification SRO910 issued on Thursday ...
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Tomato prices surge to Rs80
KARACHI, Nov 11: Tomato prices have surged to Rs70-80 per kg from Rs11-12 per kg on November 1 due to shortage of commodity caused by end of crop in various parts of the country. ...
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National quality policy soon
ISLAMABAD, Nov 11: Science and Technology Minister Nouraiz Shakoor on Thursday said the National Quality Policy (NQP) would be announced soon to improve industrial, human quality and productivity. ...
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Roadshows for Expo Pakistan planned
KARACHI, Nov 11: Commerce Minister Humayun Akhtar Khan said on Thursday that massive roadshows will be held to attract a large number of top bosses of leading foreign buying houses and opinion leaders to Expo Pakistan 2005. ...
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Listless trading on cotton market
KARACHI, Nov 11: Trading activity on the cotton market on Thursday was terribly insipid as spinners and mills were conspicuous by their absence owing to transport problems. ...
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Oil prices fall by over $1
LONDON, Nov 11: Oil prices fell Thursday as the market reckoned there was enough heating fuel to meet demand in key markets over the northern winter despite further drops in US stockpiles, analysts said. ...
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