08 January 2005	Saturday	26 Ziqa'ad 1425

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Dr Ishrat honoured KARACHI, Jan 7: The Banker Magazine of London, a subsidiary of the Financial Times has declared Dr Ishrat Husain as the Central Bank Governor of the year for Asia. ...		CIRC disposes of 126 assets ISLAMABAD Jan 7: Prime Minister Shaukat Aziz on Friday appreciated the performance of Corporate and Industrial Restructuring Corporation (CIRC) during the year 2003-04. ...
Exemption from bank service charges KARACHI, Jan 7: The State Bank has told all banks that a new category of people would also now enjoy exemption from levy of service charges on their deposits. ...		Long-term urea import programme under way ISLAMABAD, Jan 7: Anticipating continuous fertilizer shortages in the next few years, the federal government has decided to chalk out a long-term urea-import plan to maintain a steady growth in agriculture sector. ...
Shipping policy shortly KARACHI, Jan 7: The national shipping policy to attract private sector vessels under Pakistani flag will be announced soon. The policy will bring incentives and guarantees for private shippers. ...		Banks quoting 2-3 year KIBOR KARACHI, Jan 7: Banks started quoting Karachi Inter bank Offered Rate for two years and three years from Thursday and they are ready to use them for pricing corporate loans of similar tenures. ...
Use of group account banned from March 31:, CDS participants KARACHI, Jan 7: The Securities and Exchange Commission of Pakistan (SECP) on Friday issued a directive modifying the effective date of prohibition in use of group accounts by Central Depository System (CDS) participants. ...		$3m Saudi credit for non-oil products KARACHI, Jan 7: Saudi Export Programme (SEP) has offered a $3 million facility through Union Bank to help not only Saudi exporters but also Pakistani importers of Saudi non-oil products. ...
Gas for Gwadar KARACHI, Jan 7: Governor Balochistan, Owais Ahmed Ghani has stressed that the supply of gas to Gwadar should be arranged on a "fast-track" basis, as it is urgently needed. ...		India to buy Iranian gas NEW DELHI, Jan 7: India has reached an agreement with Iran to buy 7.5 million tons of liquefied natural gas a year over 25 years, the government announced Friday. ...
Ginners raise prices for fine lots KARACHI, Jan 7: Physical trading on the cotton market on Friday showed a modest fall partly because of higher asking prices by the ginners and partly to a short Friday session. ...		Stocks undergo mild technical correction KARACHI, Jan 7: Stocks on Friday suffered pruning at the highly inflated levels as a section of investors indulged in profit-selling in the current volume leaders ...