Govt borrowing exceeds target
KARACHI, Dec 9: Net government sector borrowing in July-November 2004 reached Rs51 billion, exceeding the target of Rs47 billion set for this fiscal year, data released by the State Bank show.
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Kapco share may be offered at Rs32-35: Public offering
KARACHI, Dec 9: The Privatization Commission is likely to price its Initial Public Offering (IPO) of 176 million shares in Kot Addu Power Company (Kapco) in the range of Rs 32 to 35 per share.
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Reconstitution of Discos' boards ordered
ISLAMABAD, Dec 9: The federal government has directed all the eight distribution companies (Discos) of Wapda to reconstitute their board of directors immediately by inducting maximum professionals from the private sector
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Discrepancy in export data found
KARACHI, Dec 9: Serious discrepancies have been detected in the official export statistics, which put a big question mark on the government claim of over 11 per cent rise in export during last five months to $5.37 billion.
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12.71pc duty levied on Uzbek acrylic tow
ISLAMABAD, Dec 9: The National Tariff Commission (NTC) has imposed a definitive anti-dumping duty on acrylic tow originating in or exported from the Republic of Uzbekistan to Pakistan at the rate of 12.71 per cent ad valorem of C&F price
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Reserves fall to $11.711bn
KARACHI, Dec 9: Pakistan's total liquid foreign exchange reserves fell to $11.711 billion on December 4 from $11.987 billion on November 27, showing a big decline of $276 million within a week.
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SBP mops up Rs27bn
KARACHI, Dec 9: The State Bank did exactly what the bankers were anticipating: it conducted an open market operation or OMO on Thursday to suck in Rs27.45 billion from the inter bank market
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First phase of FPCCI polls begins on 14th
KARACHI, Dec 9: Amidst a lot of activity and mixed signals from contesting panels the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will enter its first phase of election 2005-06 on December 14
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Cotton maintains firm outlook
KARACHI, Dec 9: Cotton market on Thursday maintained a firm outlook as ginners held on to their unsold positions for the fourth session in a row and did not lower their asking prices.
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Stocks gain 39 points, volume rises to 512m shares
KARACHI, Dec 9: The KSE 100-share index on Thursday settled well above the crucial level of 5,700 and analysts predict it could well be the takeoff point for its next target of 6,000 points.
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