16 January 2005	Sunday	05 Zilhaj 1425

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Efforts on to identify services for investment ISLAMABAD, Jan 15: Pakistan has started an exercise to identify services to be offered for investment to foreign service suppliers. ...		Cell phone operators to invest $700m KARACHI, Jan 15: As the entry of two new cell phone operators draws near, four current market players have geared up their investment plans in order to lure consumers who are benefiting from the ongoing competition between the existing players. ...
PC puts too much on its plate KARACHI, Jan 15: From the look of it privatization process appears to be gaining momentum with the Privatization Commission (PC) promising to sell some of the big ticket companies during the current financial year. ...		Ban on group accounts to bring transparency LAHORE, Jan 15: Securities and Exchange Commission of Pakistan Chairman Dr Tariq Hassan on Saturday said that the prohibition of use of group accounts by Central Depository System participants from March 31 ...
Drawback rates cut ISLAMABAD, Jan 15: The Central Board of Revenue (CBR) has reduced the rates of duty drawback on export of various types and sizes of tyres. ...		Withholding tax reduced ISLAMABAD, Jan 15: The Central Board of Revenue (CBR) has reduced the rate of withholding tax from 6 per cent to 1 per cent on import of potassic fertilizers. ...
Conservation technologies to enhance yield LAHORE, Jan 15: Member of New Zealand's Parliament and agriculture scientist, Dr. Ashraf Choudhry has stressed speedy adoption of conservation technologies by Pakistan to 'save water, increase yields ...		Carryover rates stay at 18 per cent KARACHI, Jan 15: Carryover rates on the Karachi Stock Exchange last week remained around their circuit breakers of 18 per cent owing to a tight money market, analysts said. ...
EU mission to examine seafood KARACHI, Jan 15: An inspection mission from European Union will visit Karachi Fish Harbour from January 25 to February 2, 2005 to re-asses the quality of seafood production and packaging. ...		LHC upholds lower court verdict in church case ISLAMABAD, Jan 15: The Lahore High Court Rawalpindi Bench has upheld the decision of a lower court that dismissed a petition against allotment of land by the Capital Development Authority for construction of a church in Sector G-8/2. ...
Cotton market lacks lustre KARACHI, Jan 15: Cotton market on Saturday lacked normal trading interest as both buyers and sellers held on to their positions apparently awaiting the release of official arrival figures of phutti ...		Dhaka sets three conditions: India-Myanmar gas pipeline DHAKA, Jan 15: Bangladesh has set three conditions for signing a tri-nation agreement on installation of a gas pipeline from Myanmar to India through Bangladesh, says AKM Mosharraf Hossain ...
Russia, India deepening energy cooperation NEW DELHI, Jan 15: One of Russia's biggest oil and gas players said Saturday the country offers fuel-hungry India vast potential to meet its energy demands. ...		WB to raise grant for poorest countries WASHINGTON, Jan 15: The World Bank is set to dramatically increase the amount of aid it issues in grants to its poorest borrowers, the lender said on Friday, amid US pressure and concerns over countries' debt burdens. ...
ECB interest rates to rise FRANKFURT, Jan 15: Euro zone interest rates will have to rise to a more normal level as the economic recovery regains momentum, European Central Bank Governing Council member Axel Weber said on Friday. ...		Energy world now focussing on Asia RIYADH, Jan 15: Oil diplomacy is gaining in currency. The continent is "set to become the gravity centre of the world's energy consumption." The energy world is diverting its focus towards Asia too. ...