04 February 2005	Friday	24 Zilhaj 1425

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PICIC insurance company opened today KARACHI, Feb 3: PICIC Insurance Limited would be formally inaugurated on Friday, by the Prime Minister Mr.Shaukat Aziz. For security reasons perhaps, the invitation card issued by the company does not identify the person who would be cutting the inauguration ribbon ...		Pakistan to soon become regional hub for trade KARACHI, Feb 3: Commerce Minister Humayun Akhtar Khan said on Thursday that after becoming a part of international supply chain in textiles and clothing, Pakistan would soon transform into a regional hub for trade ...
Sell-off raises shareholders to half a million KARACHI, Feb 3: Minister for Investment and Privatization Dr Abdul Hafeez Shaikh said on Thursday that through privatization of government-owned entities the number of shareholders rose well over half a million from around 70,000 two year ago. ...		KESC goes under hammer today KARACHI, Feb 3: The only electric generator and the distributor in the mega city, the Karachi Electric Supply Corporation (KESC) is being put on auction bloc on Friday by the Privatization Commission at Islamabad ...
'Pakistan achieves turnaround in economy' ISLAMABAD, Feb 3: Under President Musharraf and Prime Minister Shaukat Aziz, Pakistan has achieved remarkable turnaround in its economic and fiscal situation. ...		'Pakistan offers high return to investors' ISLAMABAD, Feb 3: Chairman Senate Mohammedmian Soomro has said that Pakistan is a business-friendly country and offers tremendous opportunities to foreign investors. ...
KCCI signs seven MoUs KARACHI, Feb 3: Karachi Chamber of Commerce and Industry (KCCI) signed seven memoranda of understanding (MoUs) with seven countries and held meeting on bilateral relations with delegations of various countries ...		NIT asset value rises by 25.22pc KARACHI, Feb 3: The Net Asset Value (NAV) of National Investment Trust Limited (NIT) unit appreciated by 25.22pc from Rs30.53 as on June 30, 2004 (ex- dividend) to Rs38.23 as on December 31, 2004. ...
EU asked to send review mission: Duty on bed-linen ISLAMABAD, Feb 3: Pakistan has asked the European Union to send a review mission to examine samples of eight textile mills to finalize the antidumping duty of 13.1 per cent on bedlinen. ...		SAI signs MoU with India, BD, Poland KARACHI, Feb 3: SITE Association of Industry (SAI) has signed a memorandum of understanding (MoU) with India, Poland and Bangladesh in order to foster bilateral trade. ...
Increased trade with Morocco stressed KARACHI, Feb 3: Moroccan Trade Minister Mustapha Mechahoure has said that his country wants to develop bilateral trade ties with Pakistan and seeks joint ventures in agro-based industry ...		Cotton market stays bullish KARACHI, Feb 3: Cotton market on Thursday maintained a bullish outlook on strong mill buying followed by reports of below market arrivals of phutti into the ginneries for the fortnight ended Jan 31. ...