04 March 2005	Friday	22 Muharram 1426

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NIT maygo under hammer by June KARACHI, March 3: Arrangements are being worked out for privatization of Pakistan's largest mutual fund - National Investment Trust (NIT) - preferably by June this year. ...		Markup on long term export finance moves up KARACHI, March 3: The State Bank on Thursday announced up to 2 percentage points increase in the export refinance rate under the scheme for long term financing of export oriented projects. ...
1.4m apply for Kapco shares: ballot today ISLAMABAD, March 3: The Privatization Minister Abdul Hafeez Sheikh said on Thursday the initial public offering of 20pc (176 million) shares of Kot Addu Power Company (Kapco) received applications from 1.4 million people. ...		Banks, DFIs cap badla financing KARACHI, March 3: All Banks and development finance institutions or DFIs have started capping their exposure in carry over transactions or COT, commonly known as Badla Financing, at February 25, 2005 levels. ...
UBL, Slic offering by June 30 ISLAMABAD, March 3: The government plans to complete the initial public offerings (IPOs) of United Bank Limited (UBL) and State Life Insurance Corporation (SLIC) before June 30 said minister for privatization and investment Dr Abdul Hafeez Sheikh. ...		Developed states asked to free agriculture ISLAMABAD, March 3: Pakistan, like African nations, wants developed countries to liberalize their agriculture, give more market access and reduce subsidies significantly. ...
High processing cost blocks milk export LAHORE, March 3: High cost of raw milk and processing is blocking export of milk from Pakistan, which is stated to be the fifth largest milk producer in the world with an annual production of 27-28 billion litres. ...		Hubco dividend KARACHI, March 3: The Hub Power Company Limited (Hubco) on Thursday announced an interim cash dividend at the rate of 13 per cent i.e. Rs1.30 per share. ...
US asked to cut import duty on textiles ISLAMABAD, March 3: Islamabad has asked the US to consider cut in import duty on Pakistan's textile related goods in a similar fashion it has given to other countries. ...		TBs yield hike to hurt exporters KARACHI, March 3: The Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) on Thursday took strong exception of the rising trend in six-month treasury bills (TBs) yield that has touched 5.18 per cent. ...
Prices consolidate overnight gains KARACHI, March 3: The cotton market on Thursday consolidated the overnight gains but ready off take failed to pick up as both ginners and spinners are awaiting the arrival figures of phutti for the fortnight ended Feb 28. ...		Index hits new single session record, up 290.59 points KARACHI, March 3: The KSE 100-share index on Thursday set a new record of single session gain of 290.59 points or 3.54 per cent after it broke through two barriers in a row on massive short-covering in PTCL ...