05 January 2005	Wednesday	23 Ziqa'ad 1425

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Lending, deposit rate gap widens KARACHI, Jan 4: The difference between average lending and deposit rates of all the banks combined crept up to 540 basis points at the end of November 2004 from 528bps at the end of June 2004, according to data released by the State Bank of Pakistan. ...		20.2m tons wheat target likely to be achieved ISLAMABAD, Jan 4: Food, Agriculture and Livestock Minister Sikandar Hayat Bosan on Tuesday said the government was hopeful of achieving the target of 20.2 million tons wheat this season after timely rains and completion of 60 per cent sowing in November. ...
Textile outperforms KSE index by 78pc KARACHI, Jan 4: During the year since January 2004, textile sector (in a sample of six key companies) outperformed the KSE-100 index by 78 per cent, and analysts were bullish on the sector for the current year, as well. ...		Govt raises PDL to recover Rs27bn in six months ISLAMABAD, Jan 4: The federal government has decided to recover in next six months at least Rs27 billion revenue it lost by freezing petroleum prices in the first six months of the current fiscal year ...
25pc freight subsidy for leather garments ISLAMABAD, Jan 4: The Board of Administrators, Export Development Fund (EDF) here on Tuesday approved 25 per cent freight subsidy on air and sea shipments of leather garments from January 1, to December 31, this year. ...		Big landlords hijack major share of loans KARACHI, Jan 4: An official Committee on Rural Finance (CRF) has blamed big feudal lords for hijacking a major share of loans from Zarai Tarqqiati Bank Limited (ZTBL), commercial and cooperative banks. ...
Petrol went up by Rs7 in 2004 KARACHI, Jan 4: Petrol has become costlier by Rs7 per litre and high speed diesel (HSD) by Rs5 in just one year. In January 2004, petrol was selling at Rs33.78 as compared to Rs40.39 in January 2004. In January 2003, it was being sold at Rs32.50 per litre. ...		Cotton output surpasses 13m bales KARACHI, Jan 4: The country is poised to harvest record cotton crop this season (2004-05) as 56.31 per cent higher arrivals of phutti during last fortnight (Dec 15 to Jan 1) took cotton production over 13 million bales against last best recorded crop of 12.1 million bales in 1991-92. ...
Cotton prices steady despite bumper crop KARACHI, Jan 4: Cotton market on Tuesday showed steady trend as spinners and TCP continued to build up long positions at the current levels apparently to absorb the negative fallout of the bumper crop. ...		Stocks up 77 points on robust buying in pivotals KARACHI, Jan 4: Massive foreign buying in PTCL and some other pivotals on Tuesday pushed the KSE 100-share index briefly above the next barrier of 6,300 but the final closing was slightly below this level on late stray selling. ...