07 January 2005	Friday	25 Ziqa'ad 1425

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Price check, safety system on cards: Textile export KARACHI, Jan 6: Prime Minister Shaukat Aziz is presiding over a meeting of Textile Board on Saturday at Islamabad, which among other issues ...		Sukuk bond road-shows begin tomorrow ISLAMABAD, Jan 6: Four top government officials are leaving on Friday for Middle East, South East Asia and Europe to hold road-shows for $350-$500 million Sukuk Islamic Bond and to finalise the issue in London on January 18. ...
Wapda fails to meet Dec 31 deadline: Corporatization ISLAMABAD, Jan 6: The Water and Power Development Authority has failed to meet the deadline given by the president and the prime minister to complete the corporatization and restructuring process of Wapda by December 31, 2004, it is learnt. ...		GSP plus: second round of talks from 16th ISLAMABAD, Jan 6: Pakistan will start second round of discussion on accession to the new Generalized System of Preferences (GSP) plus scheme (zero rate of duty) with four major European Union (EU) member countries from January 16. ...
Inflation likely to end up at 7pc KARACHI, Jan 6: Adviser to the prime minister on finance Dr Salman Shah expects the inflation rate will start coming down during the next six months and will end up on an average of seven per cent for the entire fiscal year 2004-05. ...		Collectorates not to adjudicate 10 cases ISLAMABAD, Jan 6: The Central Board of Revenue (CBR) has exempted 10 categories of cases from the jurisdiction of the collectorates of customs, sales tax and central excise (Adjudication). ...
Kenya's duty may hurt rice export KARACHI, Jan 6: Rice exporters would not be able to meet $50m export target if Kenya implements 75 per cent import duty on Pakistan's Irri-6 variety. It has increased the duty from 35 per cent. ...		Auto part makers likely to double investment LAHORE, Jan 6: Auto parts makers are hopeful of doubling their investment in this sector to about Rs140 billion or more in the next two years from the existing Rs70-72 billion. ...
Japanese minister due today ISLAMABAD, Jan 6: Japanese Minister for Economy, Trade and Industry Shoichi Nakagawa will arrive here on Friday to discuss measures with his counterpart for increasing trade volume between the two countries. ...		India calls for Asian oil market NEW DELHI, Jan 6: India, which imports most of its crude oil needs, called Thursday for the development of an Asian petroleum market with trading exchanges to serve the region's fast-growing economies and soften price volatility. ...
Cotton prices rise on active demand KARACHI, Jan 6: Brisk activity was witnessed on the cotton market on Thursday as spinners remained active buyers after the ginners raised their asking prices by Rs25 to Rs50 per maund. ...		Bulls tighten grip, index gains another 67 points KARACHI, Jan 6: Stocks on Thursday remained in a bullish frame of mind as no one was in a mood to miss the rising market, which ensures quick gains even at the highly inflated levels. ...