| 24 November 2004 | Wednesday | 11 Shawwal 1425 |
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Govt borrows Rs126bn from State Bank: July-Oct period
KARACHI, Nov 23: The federal government borrowed Rs126 billion from the State Bank in the first four months of this fiscal year but used the largest chunk of it to retire the loans obtained from commercial banks. ... 
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PPL gets licence to supply gas to Wapda
ISLAMABAD, Nov 23: The Oil and Gas Regulatory Authority (Ogra) granted a licence to Pakistan Petroleum Limited (PPL) to sell natural gas from Kandhkot gas field at Jacobabad Sindh to Wapda's Guddu Thermal power plant. ...
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TCP fails to stabilize cotton prices: Inter-Ministerial body meets
LAHORE, Nov 23: The inter-ministerial committee on cotton is said to have agreed that the Trading Corporation of Pakistan's intervention in the cotton market has "failed to help farmers" ...
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Government withholds notification: Power tariff cut
ISLAMABAD, Nov 23: The federal government has decided not to notify power tariff for eight distribution companies of the Wapda owing to Rs68 billion subsidy involved in such a dispensation. ...
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World cotton output estimated at 24.4m tons
KARACHI, Nov 23: The world cotton production for the current season is being estimated at around 24.4 million tons, which is three million tons more than the record cotton production achieved in 2001-02 ...
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Reserves stand at 4.84 trillion cubic feet
KARACHI, Sept 23: Pakistan Petroleum Limited (PPL) announced on Tuesday that the company's share of revised remaining "proven developed & underdeveloped recoverable reserves" stood at 4.84 trillion cubic feet (tcf). ...
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Rs50, Rs100 notes without stapling
KARACHI, Nov 23: The State Bank has decided to issue fresh bank notes of Rs50 and Rs100 denominations without stapling but with proper banding. ...
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Saarc to strengthen trade cooperation
ISLAMABAD, Nov 23: The Saarc commerce ministers here on Tuesday reiterated further improving bilateral and regional trade in South Asia and bringing the bloc at par with other such regional commercial alliances of the world. ...
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S&P rating upgrade may boost Islamic bond price
KARACHI, Nov 23: An upgrade of Pakistan's ratings by Standard & Poor's is likely to improve the price for the country's first foreign currency Islamic bond, a senior Finance Ministry official said on Tuesday. ...
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Private sector asked to invest in shipping
KARACHI, Nov 23: The government wanted maximum participation of private sector for strengthening the shipping industry and bringing more ships under Pakistani flag and was ready to give all possible incentives and facilitation. ...
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Lint prices stay firm amid active buying
KARACHI, Nov 23: Cotton prices on Tuesday remained stable around the previous levels as spinners and mills continued to cover their forward positions against foreign sales of yarn and value added textiles. ...
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Stocks recover 12 points on active short-covering
KARACHI, Nov 23: Stocks on Tuesday shrugged off the overnight hesitancy and recovered from the previous lows followed by active short-covering in PTCL, OGDC and some other leading shares ...
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