| 23 December 2004 | Thursday | 10 Ziqa'ad 1425 |
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State Bank raises T-bill yields
KARACHI, Dec 22: Average yield on three-month treasury bills rose to 3.92 per cent on Wednesday, up 14 basis points, as the State Bank reinforced its earlier signals of a gradual tightening of interest rates. ... 
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Pakistan out of economic crisis: IMF
WASHINGTON, Dec 22: Pakistan has successfully emerged from economic crisis and is taking steps to further strengthen its economy, says a report released by the International Monetary Fund. ...
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Cabinet okays broadband policy
ISLAMABAD, Dec 22: The cabinet on Wednesday approved a broadband policy to help spread affordable high speed internet access and create enabling environment for efficient business transactions, economic and social development leading to higher productivity. ...
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Greater access to EU markets sought
BRUSSELS, Dec 22: Improved trade relations and better access to markets are Pakistan's top priorities in dealing with the 25-nation European Union, Commerce Minister Humayun Akhtar Khan said at the end of a ten-day tour of key EU capitals on Wednesday. ...
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Cotton figure may touch 14m bales
LAHORE. Dec 22 The latest arrivals figure has been placed at 11.747 million bales, but growers and experts expect the final yield to touch 14 million bales. ...
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Over Rs31bn trade with Kabul in jeopardy: Damaged road
KARACHI, Dec 22: More than Rs31 billion (about $500 million at Rs60 a dollar) two-way overland trade between Pakistan and Afghanistan is badly hampered by a broken stretch of road between Torkham in NWFP and Jalalabad in Afghanistan. ...
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Saudis keen to invest in Pakistan
ISLAMABAD, Dec 22: Kanooz International Holding Chairman Prince Abdul Aziz bin Meteb bin Abdul Aziz Al-Saud accompanied by the vice-chairman and chief executive officer called on Prime Minister Shaukat Aziz here on Wednesday. ...
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Chinese firms to set up drug unit
ISLAMABAD, Dec 22: Two Chinese companies in a joint venture with a Pakistani company will set up a pharmaceutical manufacturing facility at Karachi at a cost of $5 million. ...
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Islamabad, Tehran discuss trade
TEHRAN, Dec 22: The existing level of trade between Pakistan and Iran at around $400 million is not matching the real potential and excellent relations between the two neighbours. ...
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Closed unit workers expect good news from PC
KARACHI, Dec 22: The workers of a closed chemical plant of Sindh are said to be waiting for a favourable response from Privatisation Commision. ...
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Brisk buying on cotton market
KARACHI, Dec 22: Physical trading on the cotton market on Wednesday remained fairly brisk as spinners and mills continue to make covering purchases against their forward sales of cotton yarn. ...
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KSE 100-share index gains 92 points
KARACHI, Dec 22: Massive buying in ODGC on Wednesday lifted the KSE 100-share Index well above the crucial barrier of 5,900 points and analysts predict the next immediate target of 6,000 now appears not that far off. ...
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