16 December 2004	Thursday	03 Ziqa'ad 1425

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Trade gap puts severe strain on current account KARACHI, Dec 15: Pakistan's international trade is showing disturbing trends in the last three months - September, October and November - as exports are on decline and imports are showing a constant upward growth ...		Seven PPIB board members replaced ISLAMABAD, Dec 15: The federal government on Wednesday reconstituted the board of directors of the Private Power and Infrastructure Board (PPIB) by inducting seven private and semi-private sector members to process independent power projects ...
TCP to buy Grade III cotton ISLAMABAD, Dec 15: The federal government has directed the Trading Corporation of Pakistan (TCP) to be aggressive in buying grade-III cotton to maintain a reasonable price for the farming community. ...		Rupee sheds 9 paisa KARACHI, Dec 15: The rupee lost nine paisa against the US dollar in the inter-bank market on Wednesday on higher demand for the greenback from importers, senior bankers said. ...
Pakistan asked to ratify 27 conventions: Prerequisite for EU's GSP plus ISLAMABAD, Dec 15: The European Union (EU) has asked the developing countries including Pakistan to ratify around 27 conventions related to human and labour rights, environment and governance principles. ...		Textile being streamlined KARACHI, Dec 15: Federal Minister for Textile Industry, Mushtaq Ali Cheema on Wednesday said the government was working to streamline the textile industry and for this purpose a business centre was being established in the ministry. ...
Chenab to offer share at Rs18 KARACHI, Dec 15: Chenab Limited would issue Initial Public Offering (IPO) of 15 million shares at subscription price of Rs18 per share (inclusive of premium of Rs8 per share). ...		Diplomatic vehicles sale date extended ISLAMABAD, Dec 15: The federal government has decided to extend the date for sale of vehicles imported under diplomatic privileges to local people to March 31, 2005, it is learnt. ...
Six-month Kibor shoots up to 6pc KARACHI, Dec 15: Six-month Karachi inter-bank offered rate (Kibor) shot up to 6 per cent on December 15, from 2.97 per cent at the end of June, showing a huge increase of 303 basis points within five and a half months of this fiscal year. ...		Preparation for WTO regime stressed KARACHI, Dec 15: The changes under the WTO system if on one hand offer good opportunity to expand and grow but on the other hand pose serious threats and challenges to the country's trade and industry. ...
Spinners, mills cover forward positions KARACHI, Dec 15: An active trading was witnessed on the cotton market on Wednesday as spinners and mills continued to cover their forward positions against foreign sales of cloth and yarn. ...		KSE index crosses 5,800-point psychological barrier KARACHI, Dec 15: The KSE 100-share index on Wednesday breached through the psychological barrier of 5,800 points on fresh heavy buying in the leading index shares ...