27 January 2005	Thursday	16 Zilhaj 1425

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Sukuk Company to deal with bonds ISLAMABAD, Jan 26: The government has formally established an "asset based" Pakistan International Sukuk Company to deal with new $600 million shariah compliance Sukuk bond during the next five year period, says a senior government official. ...		2nd phase of PICT work begins in March KARACHI, Jan 26: The ground breaking for the second phase of Pakistan International Container Terminal (PICT) development work, costing $17 million, will take place in March. ...
Internal controls KARACHI, Jan 26: The State Bank has reminded all banks and development finance institutions (DFIs) to include in their annual reports for 2004 a statement on internal controls. ...		Companies Easy Exit Scheme concludes ISLAMABAD, Jan 26: The Companies Easy Exit Scheme (CEES), re-launched by the Securities and Exchange Commission of Pakistan (SEC) in March last year, has been concluded on December 31, 2004. ...
Rs980m project to boost farm output: Laser-levelling LAHORE, Jan 26: The government of Punjab has sponsored a Rs980 million laser- levelling project to "increase agricultural productivity, extend cultivated area, reduce production costs and alleviate poverty". ...		FF Bin Qasim KARACHI, Jan 26: With the advent of the new reporting season, Fauji Fertilizer Bin Qasim (FFBL) was one of the earliest of major companies to announce on Tuesday, the company's financial figures for the year ended December 31, 2004. ...
PAAPAM against import of used parts KARACHI, Jan 26: Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has urged the Central Board of Revenue (CBR) not to allow import of used parts as this action will hurt the local industry. ...		'Quota phase-out to benefit India, Pakistan' UNITED NATIONS, Jan 26: The phasing out of the Agreement on Textile and Clothing (ATC) at the beginning of 2005 would benefit Pakistan and India, a United Nations report said on Tuesday. ...
Suspension tied to repatriation agreement: Duty on bed linen ISLAMABAD, Jan 26: The European Union (EU) has linked the suspension of anti-dumping duty of 13.1 per cent on bed-linen with the signing of a repatriation agreement, reliable sources told Dawn on Wednesday. ...		UN warns against falling dollar UNITED NATIONS, Jan 26: Global economic imbalance will not be corrected by a rapidly falling dollar since the depreciation is weakening demand in the United States' creditor countries and softening the benefits to US exporters of a cheaper trading currency ...
Slow trading on cotton market KARACHI, Jan 26: Physical activity on the cotton market on Wednesday was modest as most of the spinners were not ready to make bigger commitments at the prevailing price apparently anticipating some easing in a tight supply position. ...		Stocks resume upward drive as buying in PTCL intensifies KARACHI, Jan 26: A massive activity of 226m shares in PTCL featured the Wednesday's stock market as foreign investors tried to grab as much stock as they could at the current levels. ...