01 January 2005	Saturday	19 Ziqa'ad 1425

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Pakistan yet to table initial offers: Services sector ISLAMABAD, Dec 31: Pakistan has yet to table even the initial offers in the services sectors in the ongoing negotiations at the World Trade Organization (WTO) despite the deadlines set under the Doha declaration. ...		Quota-free regime comes into force today KARACHI, Dec 31: The advent of the new year, 2005, is no exception for textile exporters as they find themselves still devoid of the benefits which could have sailed them out of the related issues such as high cost of production ...
Rupee down 3.5pc in 2004 KARACHI, Dec 31: The rupee lost 3.5 per cent of its value against the dollar in 2004 despite the State Bank moves made in the last quarter to stabilize it. ...		Revenue collection up by 17.6pc ISLAMABAD, Dec 31: The revenue collection registered an increase of 17.6 per cent during the half year (July-Dec) period of the current fiscal year. ...
Another 5pc OGDCL shares to go public: Kapco offer price okayed ISLAMABAD, Dec 31: Another five per cent shares of Oil and Gas Development Company Limited (OGDCL) would be sold to general public, and State Life Insurance Corporation (Slic) and Pakistan Steel has been included in the privatization list. ...		OGDC finds 11 mmcfd of gas in Balochistan ISLAMABAD, Dec 31: Oil and Gas Development Company Ltd (OGDCL), as an operator, has discovered gas in its exploratory well Jhal Magsi South no.1 in Kotra exploration licence (Kachhi, Khuzdar districts) ...
Gas supply to Quetta being enhanced KARACHI, Dec 31: The pressure in the gas distribution system has fallen phenomenally as a result of rising gas demand, fuelled by recent cold waves and snow fall in Quetta valley and its adjacent areas ...		Moscow keen to participate in PS expansion ISLAMABAD, Dec 31: Russia has asked Pakistan to early consider Moscow's budgetary proposals for expanding Pakistan Steel from 1.1 million tons to 1.5 million tons. ...
Cotton maintains firm outlook KARACHI, Dec 31: Cotton market closed the last session of the eventful year on a firm note as despite higher crop estimates, prices remained stable after brief bearish spell before the entry of the TCP. ...		Stocks finish year-end session with 111-point gain KARACHI, Dec 31: The KSE 100-share index on Friday breached through the psychological barrier of 6,200 and settled well above it, signalling that the new year's target could be 7,000 points. ...