28 January 2005	Friday	17 Zilhaj 1425

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State Bank injects Rs11.9 billion into inter-bank market KARACHI, Jan 27: The State Bank on Thursday pumped in Rs11.9 billion into cash-stripped inter-bank market for one week by purchasing treasury bills at 5.85 per cent. ...		Provinces demand Rs1.35bn from Centre: Drainage programme ISLAMABAD, Jan 27: The provinces have asked the federal government to arrange alternate funding or provide from its own resources about Rs1.35 billion to complete a large number of schemes affected by the World Bank's exit ...
'Progress being made on gas pipelines' ISLAMABAD, Jan 27: Petroleum and Natural Resources Minister Amanullah Khan Jadoon here on Thursday said that progress was being made on Turkmenistan, Qatar and Iran gas pipelines. ...		EOBI receives Rs1.195 billion contribution: First half KARACHI, Jan 27: The Employees Old Age Benefits Institution (EOBI) has collected less contribution at Rs1,195 million during first half of the current fiscal year compared to Rs1,297 million the same period last year. ...
Electronic clearance system at Torkham soon ISLAMABAD, Jan 27: The government is considering a proposal to establish an automated border crossing infrastructure system at Torkham for customs clearance and immigration with a view to facilitate and increase bilateral trade ...		Telecom sector wooing investment KARACHI, Jan 27: IT and Telecom Minister Awais Ahmed Leghari has said that the main challenge for the government in the telecom sector is to ensure that the environment it had brought into play is properly regulated ...
Bank guarantees KARACHI, Jan 27: The State Bank has relaxed the rules relating to minimum ratings of banks situated abroad required for acceptance of their counter guarantee by banks and development finance institutions (DFIs) in Pakistan. ...		FTAs with Sri Lanka, China in few weeks KARACHI, Jan 27: After failing to get a favourable response from the European Union (EU) to lift 13.1 per cent countervailing duty on bedlinen, the commerce ministry wizards are now trying to conclude Free Trade Agreement (FTA) ...
ST on ships for scrap notified ISLAMABAD, Jan 27: The Central Board of Revenue has notified deemed price value for calculation of sales tax on import of ships for scrap to enable Pakistani ship breakers to bid for higher purchase prices in the world market. ...		Oil prices rebound on Iraq fears LONDON, Jan 27: World oil prices rallied on Thursday, supported by fears of possible attacks to pipelines in major producer Iraq ahead of the country's landmark elections this weekend, analysts said. ...
Physical business remains light KARACHI, Jan 27: The cotton market on Thursday maintained a firm trend as ginners held on to their positions and appear to be in no obliging mood to the spinner overtures. ...		Index gains 48.26 points on heavy buying in PTCL KARACHI, Jan 27: Fresh heavy buying in PTCL on Thursday again featured the trading on the stock market where some other pivotals remained under pressure under the lead of energy shares and ended with a sharp fall. ...