04 January 2005	Tuesday	22 Ziqa'ad 1425

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Banks need to mobilize funds via bonds: PM KARACHI, Jan 3: Prime Minister Shaukat Aziz on Monday asked banks to mobilize funds through bond floats from international market to finance long-term projects. ...		SBP to reset T-bills yield KARACHI, Jan 3: The State Bank, after mopping up Rs6.5 billion from the inter bank market for one week on Monday, plans to sell Rs10 billion six-month treasury bills on Wednesday. ...
Govt to offer 20pc of Kapco at Rs30/share ISLAMABAD, Jan 3: The government has fixed the price of Kot Addu Power Company (Kapco) at Rs30 per share to off-load its up to 20 per cent through the initial public offering (IPO) later this month. ...		Draft rules aimed at transparency in trading: Commodity exchange ISLAMABAD, Jan 3: The SECP plans to bind the commodity exchanges and their members and brokers, under the commodity exchange and futures contract rules 2004, to exercise transparency in their affairs ...
Lakhani new KSE chairman KARACHI, Jan 3: The Board of Directors of the Karachi Stock Exchange in its meeting held on Monday, unanimously elected Muhammad Yasin Lakhani, as the Chairman for the year 2005. ...		Pakistan, Sweden to establish business council ISLAMABAD, Jan 3: Pakistan and Sweden have decided to set up a "business council" to increase their trade and investment, says Pakistan's Ambassador to Sweden and Finland Mr Shahid Kamal. ...
FTA with Sri Lanka soon, says minister LAHORE, Jan 3: The Pakistan-Sri Lanka free trade agreement (FTA) will be signed during the forthcoming visit of Sri Lanka's President Chandrika Bandaranaike Kumaratunga to Pakistan. ...		Saudi Pak approves Rs506m financing ISLAMABAD, Jan 3: Board of Directors of Saudi Pak Industrial and Agricultural Investment Company limited approved a total financing of Rs506 million to seven companies in manufacturing, communications and financial sectors. ...
Cotton prices firm amid active demand KARACHI, Jan 3: Cotton market on Monday opened on a higher note as mill demand remained active around the previous levels but ginners held on to their unsold positions awaiting the arrival figures of phutti into the ginneries. ...		Stocks finish new year's session with clipped gain KARACHI, Jan 3: Stocks opened the new year account on a firm note as investors made fresh covering purchases on selected counters but finished with clipped gains on late-selling. ...