09 February 2005	Wednesday	29 Zilhaj 1425

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Over Rs22bn auto loan disbursed: July-December KARACHI, Feb 8: Buyers' passion for locally assembled cars continue as they availed Rs22.1 billion loan from banks and leasing companies for the acquisition of cars during July-December 2004-2005. ...		Govt borrows Rs42.8bn from banks KARACHI, Feb 8: The government borrowed Rs42.8 billion from the banking system in less than seven months of this fiscal year, i.e. between July 1, 2004-January 22, 2005, according to data released by the State Bank. ...
Pakistan, S. Arabia form bodies to enhance trade ISLAMABAD, Feb 8: Pakistan and Saudi Arabia on Tuesday agreed to constitute four sub-committees aimed at discussing the prospects of enhanced bilateral cooperation in their respective fields and identifying the areas of cooperation ...		Price increase and gas companies' profits KARACHI, Feb 8: Over the week-end major developments took place in the gas sector having a bearing on the domestic transmission and distribution companies and the fertilizer sector. ...
Kapco to add Rs25bn to KSE capitalization KARACHI, Feb 8: The market capitalization of Karachi Stock Exchange (KSE) has crossed $33 billion and will further enhance by Rs25 billion or $400 million after the addition of 176 million shares of Kot Addu Power Company Ltd to the market. ...		SME council under study PESHAWAR, Feb 8: The establishment of a small and medium enterprise development council under the chairmanship of Prime Minister Shaukat Aziz is under consideration to monitor and concentrate on the SME sector. ...
Duty hike on crude palm oil import sought ISLAMABAD, Feb 8: The Pakistan Vanaspati Manufacturer's Association (PVMA) has proposed to the government to raise the customs duty on import of crude palm oil (CPO) to provide a level-playing field to the local manufacturers. ...		Sugar futures up on Pakistan buying news LONDON/NEW YORK, Feb 8: Pakistani authorities will tender to buy 150,000 tons of duty-free refined sugar and are scouting to import about 50,000 tons of raw sugar, US and European trade sources said on Tuesday. ...
Rice prices ease on low export demand KARACHI, Feb 8: Pakistan rice prices eased slightly over the past week on low demand from exporters, and dealers said on Tuesday prices were unlikely to rise in the days ahead amid subdued demand. ...		Drawback rates reduced ISLAMABAD, Feb 8: The Central Board of Revenue has reduced rates of duty drawback on export of 100 per cent cotton grey made-ups. According to a customs notification issued on Tuesday, the new rates would be effective from February 8, 2005. ...
Subdued trading on cotton market KARACHI, Feb 8: Physical trading on the cotton market remained on the lower side as price ideas of buyers and sellers were poles apart despite quality differentials. ...		Stocks cross psychological barrier of 7,100 points KARACHI, Feb 8: The KSE 100-share index continued to set new record each session and breached through the barrier of 7,100.00 points at 7,155.00, up 63.69 points ...