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Apr 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-03-10
Tokyo platinum dips from 16-1/2-year high on dollar

Tokyo platinum dips from 16-1/2-year high on dollar

Tokyo platinum futures slipped on Tuesday as the dollar's fall against the yen triggered heavy profit-taking, hammering down the metal's price from a 16-1/2 year high hit the previous day.
Published 10 Mar, 2004 12:00am
Bangladeshi taka ends steady verses dollar

Bangladeshi taka ends steady verses dollar

The Bangladeshi taka ended mostly steady against the US currency in interbank trade on Tuesday after the supply of dollars was boosted by export receipts, dealers said.
Published 10 Mar, 2004 12:00am
Chinese yuan notches firmer

Chinese yuan notches firmer

The yuan ended one notch firmer versus the US dollar at 8.2771, remaining near the stronger end of its managed trading range.
Published 10 Mar, 2004 12:00am
Britain's top share index slips as economy doubts linger

Britain's top share index slips as economy doubts linger

Britain's leading shares slipped on Tuesday as lingering doubts about the strength of the US economic revival hurt technology stocks and the broader market, while services firm Hays fell after a cautious outlook.
Published 10 Mar, 2004 12:00am
European auto bonds weaken

European auto bonds weaken

European auto bonds weakened on Tuesday, following falling stock markets, as German carmaker Volkswagen warned of a "lousy" start to the year.
Published 10 Mar, 2004 12:00am
European auto bonds weaken

European auto bonds weaken

European auto bonds weakened on Tuesday, following falling stock markets, as German carmaker Volkswagen warned of a "lousy" start to the year.
Published 10 Mar, 2004 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks fell for the second straight session on Tuesday as investors looked for impetus after a year-long rally that many say has left stocks too expensive.
Published 10 Mar, 2004 12:00am
Indian shares slip amid tech worries

Indian shares slip amid tech worries

Indian shares snapped a two-day feel-good rally as euphoria over successful stake sales by the government gave way to profit-booking in smoke-stack shares and the dumping of tech issues on fears US outsourcing may dry up.
Published 10 Mar, 2004 12:00am
Taiwan stocks up on financial issues

Taiwan stocks up on financial issues

Taiwan stocks closed higher on Tuesday, resuming a rally that pushed the index to a 41-month high last week, on renewed buying in financial issues, improving corporate earnings and state fund support.
Published 10 Mar, 2004 12:00am
Seoul shares retreat below 900 points

Seoul shares retreat below 900 points

South Korean shares ended almost one percent lower on Tuesday, falling below a key level of 900 points, led by foreign sales of technology heavyweights such as Samsung Electronics Co and Samsung SDI.
Published 10 Mar, 2004 12:00am
Jakarta stocks decline

Jakarta stocks decline

Jakarta stocks closed lower on Tuesday as many investors hugged the sidelines ahead of the start of campaigning this week for April's parliamentary elections in Indonesia.
Published 10 Mar, 2004 12:00am
Hong Kong stocks at one-month low, CKI dips on result

Hong Kong stocks at one-month low, CKI dips on result

Hong Kong's top share index fell to its lowest close in over a month in light trade on Tuesday, with investors in a cautious mood ahead of the government's annual budget on Wednesday.
Published 10 Mar, 2004 12:00am
Singapore shares finish with slight losses

Singapore shares finish with slight losses

Singapore shares ended lower for the third straight session on Tuesday with technology issues such as Venture Corp among losers after a sharp fall on the US tech-laced Nasdaq index turned sentiment bearish.
Published 10 Mar, 2004 12:00am
Philippines stocks tumble on interest rate worries

Philippines stocks tumble on interest rate worries

Philippines stocks dropped to a one-month closing low on Tuesday on worries over rising interest rates, which may hurt companies and encourage investors to shift their investments to the fixed-income market.
Published 10 Mar, 2004 12:00am
Sri Lankan stocks jump on blue chip buying

Sri Lankan stocks jump on blue chip buying

Sri Lankan stocks rose on Tuesday, reversing early losses, as gains in diversified conglomerate John Keells Holdings Ltd spurred blue chip buying.
Published 10 Mar, 2004 12:00am
Thai shares finish at one-week high

Thai shares finish at one-week high

Thai stocks closed at a one-week high on Tuesday as investors, expecting a cabinet reshuffle, hunted for bargains in brokerage and telecommunications shares, with broker Seamico Securities leading the pack.
Published 10 Mar, 2004 12:00am
US stocks drop as investors fret over high prices

US stocks drop as investors fret over high prices

US stocks ended down on Monday as investors struck a cautious note before a quarterly update from Texas Instruments Inc and worried over the high prices of some tech shares.
Published 10 Mar, 2004 12:00am
Tokyo shares surge, led by banks

Tokyo shares surge, led by banks

Japan's TOPIX stock index rose to a fresh 21-month high on Tuesday as investors shrugged off weaker-than-expected machinery orders data and bought shares in big banks such as Mizuho Financial Group Inc.
Published 10 Mar, 2004 12:00am
Malaysian shares end up, Berjaya grabs spotlight

Malaysian shares end up, Berjaya grabs spotlight

Malaysian shares reversed earlier losses to end a touch higher on Tuesday, with stocks in the Berjaya stable in the spotlight after Berjaya Sports Toto's dividend hike plan.
Published 10 Mar, 2004 12:00am
US Treasury prices rise

US Treasury prices rise

US Treasuries extended a massive rally on Monday, squeezing yields to eight-month lows as investors bet that a still-jobless recovery means the Federal Reserve will refrain from raising interest rates in 2004.
Published 10 Mar, 2004 12:00am
US Treasury prices rise

US Treasury prices rise

US Treasuries extended a massive rally on Monday, squeezing yields to eight-month lows as investors bet that a still-jobless recovery means the Federal Reserve will refrain from raising interest rates in 2004.
Published 10 Mar, 2004 12:00am
Malaysia and Brunei look at joint area for oil blocs

Malaysia and Brunei look at joint area for oil blocs

Malaysia and Brunei are considering a joint development authority to share oil and gas revenues from a disputed area offshore North Borneo, where there are two large and prospective oil blocks, an industry newsletter reported on Tuesday.
Published 10 Mar, 2004 12:00am
Spain's Acerinox says month-long strike ended

Spain's Acerinox says month-long strike ended

Spain's Acerinox said on Tuesday a month-long strike at the largest integrated stainless steel plant in the world had ended, and that production had restarted.
Published 10 Mar, 2004 12:00am
Matsushita to launch blue-laser DVD recorder

Matsushita to launch blue-laser DVD recorder

Matsushita Electric Industrial Co Ltd said on Tuesday it will launch six new DVD recorders by July including an advanced model using blue laser light, in a bid to fortify its position as the top DVD recorder maker.
Published 10 Mar, 2004 12:00am
Australia to study value of trade deal with US

Australia to study value of trade deal with US

Australia's government commissioned an independent study on the benefits of a controversial free trade agreement with the United States Tuesday, in view of conflicting claims about its value to the local economy.
Published 10 Mar, 2004 12:00am
EU vows action against 'spam' explosion

EU vows action against 'spam' explosion

The European Union promised action Tuesday to curb unsolicited bulk e-mails in a new sign of international determination to stop "spam" messages.
Published 10 Mar, 2004 12:00am
Holcim 2003 net profit beats forecasts, cautious outlook

Holcim 2003 net profit beats forecasts, cautious outlook

Holcim, the world's second-largest cement company, said on Tuesday it anticipated only a subdued pick-up in the building sector this year as it beat forecasts with a 36 percent rise in 2003 net profit.
Published 10 Mar, 2004 12:00am
Holcim 2003 net profit beats forecasts, cautious outlook

Holcim 2003 net profit beats forecasts, cautious outlook

Holcim, the world's second-largest cement company, said on Tuesday it anticipated only a subdued pick-up in the building sector this year as it beat forecasts with a 36 percent rise in 2003 net profit.
Published 10 Mar, 2004 12:00am
UK's SIG posts higher year profits, looking to buy

UK's SIG posts higher year profits, looking to buy

Europe's biggest distributor of insulation products, SIG, posted an 11.1 percent rise in annual profits on Tuesday, as higher insulation standards and work on large infrastructure projects boosted results.
Published 10 Mar, 2004 12:00am
UK's SIG posts higher year profits, looking to buy

UK's SIG posts higher year profits, looking to buy

Europe's biggest distributor of insulation products, SIG, posted an 11.1 percent rise in annual profits on Tuesday, as higher insulation standards and work on large infrastructure projects boosted results.
Published 10 Mar, 2004 12:00am
Japanese private-sector machinery orders fall

Japanese private-sector machinery orders fall

Japan's core private-sector machinery orders in January fell 12.2 percent from December after big rises in the final quarter of 2003, the government said Tuesday. January orders declined 3.0 percent from a year earlier, the Cabinet Office said.
Published 10 Mar, 2004 12:00am
Agfa operating profit seen down, eyes on weak unit

Agfa operating profit seen down, eyes on weak unit

Belgian image technology company Agfa Gevaert is expected to post lower 2003 operating earnings on Thursday due to the strength of the euro, with investors focusing on the progress of restructuring in its weakest unit.
Published 10 Mar, 2004 12:00am
Agfa operating profit seen down, eyes on weak unit

Agfa operating profit seen down, eyes on weak unit

Belgian image technology company Agfa Gevaert is expected to post lower 2003 operating earnings on Thursday due to the strength of the euro, with investors focusing on the progress of restructuring in its weakest unit.
Published 10 Mar, 2004 12:00am
Deutsche Asset steers clear of China - for now

Deutsche Asset steers clear of China - for now

Deutsche Asset Management is not following peers in a mad dash to set up shop in China and advises stock investors to avoid the country as well - for now.
Published 10 Mar, 2004 12:00am
PC semiconductor market to grow 18 percent in 2004: IDC

PC semiconductor market to grow 18 percent in 2004: IDC

The world-wide PC semiconductor market is expected to grow by 18 percent this year to US $53.6 billion as the computer market snaps back after a three-year slump, according to data released on Tuesday.
Published 10 Mar, 2004 12:00am
Aegis profit up, Europe ad drought 'largely over'

Aegis profit up, Europe ad drought 'largely over'

UK media buying firm Aegis posted a 12.7 percent gain in 2003 pre-tax profit on Tuesday, topping analysts' expectations, and said the advertising recession in Europe was largely over.
Published 10 Mar, 2004 12:00am
Thousands demand Thai privatisation plans scrapped

Thousands demand Thai privatisation plans scrapped

Thousands of Thai government employees took to the streets on Tuesday to demand that Prime Minister Thaksin Shinawatra scrap plans to partially privatise state firms or call a referendum on the issue.
Published 10 Mar, 2004 12:00am
French tax burden rises as government faces elections

French tax burden rises as government faces elections

France published data on Tuesday showing the total national tax burden started to rise in 2003 after several years on the decline, potentially making life harder for a government facing regional elections in two weeks.
Published 10 Mar, 2004 12:00am
Britain gives cautious green light to GM maize

Britain gives cautious green light to GM maize

Britain gave a thumbs up on Tuesday for commercial planting of genetically modified (GM) maize, risking a backlash from environmentalists and a sceptical public despite setting strict conditions.
Published 10 Mar, 2004 12:00am
Iranian parliament approves big rainy day fund withdrawal

Iranian parliament approves big rainy day fund withdrawal

Iran's parliament on Tuesday agreed to allow the government to withdraw nearly three quarters of the money stored in a rainy day fund designed to protect the economy from sharp oil price fluctuations.
Published 10 Mar, 2004 12:00am
Volkswagen to cut 5,000 jobs

Volkswagen to cut 5,000 jobs

Volkswagen unveiled Tuesday plans to cut about 5,000 jobs over the next two years as part of increased efforts to cut costs in face of the persistently difficult economic situation and a "lousy" start to the current year.
Published 10 Mar, 2004 12:00am
China trade gap widens, may ease pressure on yuan

China trade gap widens, may ease pressure on yuan

China ran a trade deficit of $7.87 billion in February as imports surged from a year earlier, numbers that could help ease upward pressure on the country's controversial exchange rate.
Published 10 Mar, 2004 12:00am
Iraqi oil exports hit $6.1 billion: US authority

Iraqi oil exports hit $6.1 billion: US authority

Baghdad has exported more than $6 billion in crude oil since the fall of Saddam Hussein's government nearly a year ago, the US-led authority governing Iraq disclosed on Tuesday.
Published 10 Mar, 2004 12:00am
Thailand hopes to be 'bird flu free' in a week

Thailand hopes to be 'bird flu free' in a week

After the deaths of seven people and millions of chickens from bird flu, Thailand said on Tuesday it has contained the outbreak after nearly two months and hopes to declare the epidemic over next week.
Published 10 Mar, 2004 12:00am
UK trade gap hits record as exports to US tumble

UK trade gap hits record as exports to US tumble

Britain's deficit in goods trade hit a record high in January as exports to the United States, hit by the strength of the pound against the dollar, tumbled by 30 percent in a month.
Published 10 Mar, 2004 12:00am
German industrial output stagnates for second month

German industrial output stagnates for second month

German industrial output stagnated for a second month in January as a steep weather related fall in the construction sector outweighed the positive recovery signs of a rise in manufacturing output.
Published 10 Mar, 2004 12:00am
Motorola moving chip-design units to China and India

Motorola moving chip-design units to China and India

Motorola Inc, the world's second-largest cell phone maker, said on Tuesday it was shutting its semiconductor chip-design units in Singapore, Hong Kong and Taiwan, and moving them to India and China.
Published 10 Mar, 2004 12:00am
EU ministers cast doubt on German budget goal

EU ministers cast doubt on German budget goal

European Union finance ministers on Tuesday cast doubt on Germany's chances of getting its deficit back within EU limits next year, citing "optimistic" assumptions behind the country's medium-term budget plans.
Published 10 Mar, 2004 12:00am
US consumer confidence falls again

US consumer confidence falls again

Confidence in the US economy slipped again in March after yet another disappointing jobs report, a survey showed on Tuesday.
Published 10 Mar, 2004 12:00am
US MIDDAY: copper falls further

US MIDDAY: copper falls further

COMEX copper prices fell further on Tuesday, still in a corrective mode off recent multiyear highs, with currency markets acting as the trigger for copper sales in London and New York, traders said.
Published 10 Mar, 2004 12:00am
US MIDDAY: soya futures rally on export sales

US MIDDAY: soya futures rally on export sales

Chicago Board of Trade soyabean futures rallied Tuesday on worries about Brazil's soya harvest, positioning before a key crop report Wednesday and news of soya export sales, traders said.
Published 10 Mar, 2004 12:00am
US MIDDAY: corn firm in recovery

US MIDDAY: corn firm in recovery

Corn futures at the Chicago Board of Trade were 2 to 3 cents a bushel higher early Tuesday on a technical recovery after Monday's break to two-week lows on bird flu jitters, traders said.
Published 10 Mar, 2004 12:00am
US MIDDAY: wheat higher on technical recovery

US MIDDAY: wheat higher on technical recovery

Chicago Board of Trade wheat futures were higher early on Tuesday on a technical recovery amid oversold signals and on a surge in soya, traders said.
Published 10 Mar, 2004 12:00am
US MIDDAY: sugar surges on speculative buying

US MIDDAY: sugar surges on speculative buying

CSCE raw sugar futures vaulted to a strong close Tuesday on speculative buying, with the sweetener seen punching its way higher on further fund interest in the days ahead, brokers said.
Published 10 Mar, 2004 12:00am
Gold makes solid base above $400 in Europe

Gold makes solid base above $400 in Europe

Gold bullion built a solid base above $400 during Tuesday afternoon trade in Europe, bolstered by strong silver prices after the white metal hit six-year spot peaks earlier, traders said.
Published 10 Mar, 2004 12:00am
Liffe cocoa hits 28-month low

Liffe cocoa hits 28-month low

London cocoa futures fell on Tuesday during a volatile session within negative territory in which prices hit levels last seen in late 2001 but failed to pierce support at 800 pounds per tonne.
Published 10 Mar, 2004 12:00am
New York cotton at 11-week low

New York cotton at 11-week low

NYCE cotton futures settled Tuesday at an 11-week low on heavy speculative and options-related sales, with the poor performance heralding further losses, analysts said.
Published 10 Mar, 2004 12:00am
LME metals close lower, copper gets support

LME metals close lower, copper gets support

Copper prices fell but held above support at $2,750 a tonne in London Metal Exchange (LME) trading on Tuesday, taking most other base metals lower, traders said.
Published 10 Mar, 2004 12:00am
Liffe coffee falls

Liffe coffee falls

London robusta prices slid on Tuesday as origin offers pushed the market lower and roaster support eroded in the face of a stronger dollar, traders said.
Published 10 Mar, 2004 12:00am
London sugar leaps to new high

London sugar leaps to new high

London sugar leapt to a new contract high in brisk trade on Tuesday, and dealers said it could climb even higher in the coming sessions.
Published 10 Mar, 2004 12:00am
Oil prices fall on concern less gasoline demand

Oil prices fall on concern less gasoline demand

Oil prices fell on Tuesday as near-record retail gasoline prices in the United States sparked speculation that such lofty levels would sap demand, brokers said.
Published 10 Mar, 2004 12:00am
Shaheen II missile test-fired

Shaheen II missile test-fired

Pakistan on Tuesday successfully carried out maiden test-fire of 'Shaheen II' long-range surface-to-surface ballistic missile.
Published 10 Mar, 2004 12:00am
Shaheen II missile test-fired

Shaheen II missile test-fired

Pakistan on Tuesday successfully carried out maiden test-fire of 'Shaheen II' long-range surface-to-surface ballistic missile.
Published 10 Mar, 2004 12:00am
EU on track for big wheat crop

EU on track for big wheat crop

Favourable weather is keeping predictions of a big European wheat harvest on track, softening new crop prices lifted by last year's frost and drought-driven shortages, analysts said on Tuesday.
Published 10 Mar, 2004 12:00am
'Provinces agree on big reservoirs'

'Provinces agree on big reservoirs'

Chairman of the Parliamentary Committee on Water Nisar Memon on Tuesday said that all the federating units have agreed on construction of big water reservoirs however, consensus have yet to be developed on construction of any specific dam. Only Kalabagh d
Published 10 Mar, 2004 12:00am
Malaysian palm oil up on tech

Malaysian palm oil up on tech

Malaysian crude palm oil (CPO) futures ended up on Tuesday, bucking the overnight trend in rival Chicago soyaoil, on technical buyback after profit-taking a day ago.
Published 10 Mar, 2004 12:00am
'Provinces agree on big reservoirs'

'Provinces agree on big reservoirs'

Chairman of the Parliamentary Committee on Water Nisar Memon on Tuesday said that all the federating units have agreed on construction of big water reservoirs however, consensus have yet to be developed on construction of any specific dam. Only Kalabagh d
Published 10 Mar, 2004 12:00am
Cotton: rise in US exports seen in USDA report

Cotton: rise in US exports seen in USDA report

US cotton exports should rise but cotton production and consumption should stay steady when USDA's monthly supply/demand report is released this week, analysts said on Monday.
Published 10 Mar, 2004 12:00am
Prime Minister calls for reforms continuation

Prime Minister calls for reforms continuation

Prime Minister Mir Zafarullah Khan Jamali has said that structural reform agenda must be pursued consistently so that its benefits are reflected in our economic growth. He was talking to Finance Minister Shaukat Aziz who called on him at the Prime Ministe
Published 10 Mar, 2004 12:00am
Tokyo rubber up for third straight session

Tokyo rubber up for third straight session

Tokyo rubber futures slipped back from fresh eight-year peaks but held on to mark gains for a third straight session on Tuesday, led by purchases by non-Japanese fund operators, traders said.
Published 10 Mar, 2004 12:00am
Prime Minister calls for reforms continuation

Prime Minister calls for reforms continuation

Prime Minister Mir Zafarullah Khan Jamali has said that structural reform agenda must be pursued consistently so that its benefits are reflected in our economic growth. He was talking to Finance Minister Shaukat Aziz who called on him at the Prime Ministe
Published 10 Mar, 2004 12:00am
Soyabean slips on concerns about bird flu in US

Soyabean slips on concerns about bird flu in US

Chicago Board of Trade soyabean futures closed lower on Monday on concerns about bird flu in the United States and Asia, forecasts for improved Brazilian soya harvest weather and technical sales, traders said.
Published 10 Mar, 2004 12:00am
India unlikely to cut import duties on palm oil

India unlikely to cut import duties on palm oil

India, the world's largest edible oils buyer, is unlikely to cut import duties on palm oils with signs of a drop in domestic prices and an increase in local supplies, industry officials and analysts said on Tuesday.
Published 10 Mar, 2004 12:00am
Loan agreement signed with Ifad

Loan agreement signed with Ifad

A loan agreement of Pakistan community development project in Azad Jammu and Kashmir (AJK) was signed in Rome by International Fund for Agriculture Development (Ifad) President Lennart Bage on behalf of his organisation and Ambassador of Pakistan in Rome
Published 10 Mar, 2004 12:00am
CBOT rice soars on export hopes

CBOT rice soars on export hopes

Chicago Board of Trade rough rice futures closed higher on Monday after commercial and speculative buying drove prices to a 5-1/2-year high, traders said.
Published 10 Mar, 2004 12:00am
CSCE sugar grinds to firm close, may rise further

CSCE sugar grinds to firm close, may rise further

CSCE raw sugar futures closed slightly higher on Monday on speculative buying as the market crept closer to a technical barrier, but most operators feel piercing that obstacle in the coming days will be tough.
Published 10 Mar, 2004 12:00am
Oil recovers some losses as supply fears haunt

Oil recovers some losses as supply fears haunt

Oil prices recovered some overnight losses on Tuesday on persistent fears over supply even as Nigeria boosted March exports and Opec continued to produce above output limits despite a vow to halt quota busting.
Published 10 Mar, 2004 12:00am
First Saudi Arabian human rights watchdog agency launched

First Saudi Arabian human rights watchdog agency launched

Saudi Arabia's first human rights watchdog agency was established on Tuesday, the most concrete step yet in a slow process of reform which authorities insist must be home-grown and compatible with Islam.
Published 10 Mar, 2004 12:00am
Shanghai copper futures fall

Shanghai copper futures fall

Some Shanghai copper futures contracts fell their three percent limit in trade on Tuesday under pressure from an overnight fall on the London Metal Exchange, traders said.
Published 10 Mar, 2004 12:00am
PRSP implementation: IMF calls for addressing challenges

PRSP implementation: IMF calls for addressing challenges

The International Monetary Fund (IMF) has underlined the need for addressing certain challenges, including strengthening of public finances and financial performance of power sector for successful implementation of Poverty Reduction and Strategy Paper (PR
Published 10 Mar, 2004 12:00am
Gold holds above $400 in Asia, palladium up

Gold holds above $400 in Asia, palladium up

Gold held above $400-an-ounce in Asia on Tuesday, as it tracked a weaker dollar and factored in a new agreement reached by Europe's central banks on gold sales.
Published 10 Mar, 2004 12:00am
PRSP implementation: IMF calls for addressing challenges

PRSP implementation: IMF calls for addressing challenges

The International Monetary Fund (IMF) has underlined the need for addressing certain challenges, including strengthening of public finances and financial performance of power sector for successful implementation of Poverty Reduction and Strategy Paper (PR
Published 10 Mar, 2004 12:00am
China to help develop Chashma II plant

China to help develop Chashma II plant

China will help Pakistan to develop Chashma Nuclear Power Plant Phase II for producing electricity, said a spokesman of the Chinese Foreign Office, Liu Jianchao.
Published 10 Mar, 2004 12:00am
Two arrested in land fraud cases

Two arrested in land fraud cases

The NAB Punjab on Tuesday arrested two persons in Bucha Garden land fraud and obtaining pecuniary advantage.
Published 10 Mar, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (March 09, 2004).
Published 10 Mar, 2004 12:00am
Picic to provide Rs 100 million for housing projects

Picic to provide Rs 100 million for housing projects

Pakistan Industrial Credit and Investment Corporation (Picic) will provide more than Rs 100 million for two housing projects to increase housing financing in the country, with a slogan 'Housing for Every Pakistani'.
Published 10 Mar, 2004 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (March 09, 2004).
Published 10 Mar, 2004 12:00am
Picic to provide Rs 100 million for housing projects

Picic to provide Rs 100 million for housing projects

Pakistan Industrial Credit and Investment Corporation (Picic) will provide more than Rs 100 million for two housing projects to increase housing financing in the country, with a slogan 'Housing for Every Pakistani'.
Published 10 Mar, 2004 12:00am
Picic to launch two new funds in April

Picic to launch two new funds in April

Pakistan Industrial Credit & Investment Corporation (Picic) has decided to launch two funds--energy fund and balance fund--each of one billion rupees, by next month and plans to introduce various financing products, to help progress the corporation to new
Published 10 Mar, 2004 12:00am
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