10 February 2005	Thursday	30 Zilhaj 1425

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Pakistan, Sri Lanka sign free trade pact ISLAMABAD, Feb 9: Pakistan and Sri Lanka on Wednesday exchanged diplomatic notes to formalize the annextures in bilateral Free Trade Agreement (FTA) with a view to its operationalization between the two countries. ...		Investment, taxation pacts with Riyadh soon ISLAMABAD, Feb 9: Pakistan and Saudi Arabia would soon finalize two agreements-avoidance of double taxation and promotion of investment. ...
7 per cent GDP growth likely this year KARACHI, Feb 9: Pakistan is likely to chalk up real GDP growth close to an impressive 7 per cent this year. In a report released on Wednesday, Sakib Sherani, economist at ABN Amro said that the optimism was fuelled by a record cotton crop ...		Deal signed for Islamic bank and leasing firm ISLAMABAD, Feb 9: A-Zamin Leasing Modaraba and Saudi Bashair Holding Company of Jeddah have signed an agreement for setting up an Islamic commercial bank in Pakistan and a leasing company in Saudi Arabia. ...
Pakistan Steel board reshaped ISLAMABAD, Feb 9: The government has reconstituted the Board of Directors of Pakistan Steel with a view to further improving its performance and ensuring early expansion of the organization. ...		CDA to manage Pakistani pavilion: Aichi Expo KARACHI, Feb 9: The government, for reasons unexplained, has assigned to the Capital Development Authority (CDA) the responsibility of setting up Pakistani pavilion at Aichi Expo. ...
Slic to create 20,000 jobs KARACHI, Feb 9: State Life Insurance Corporation is planning to open up jobs for 20,000 persons in marketing during 2005 after having provided jobs to more than 15,500 persons in 2004. ...		Changes in various acts opposed: SME policy PESHAWAR, Feb 9: Policy-makers seek changes in the under-preparation national policy for small and medium enterprises (SMEs) under the Factories Act 1934 and amendments to the Employees' Social Security Ordinance 1965 to relax ...
East African states urged to cut duty on rice ISLAMABAD, Feb 9: The government will soon convene a high-level meeting of stakeholders to finalize retaliatory measures for reducing the impact of raise in duty on import of rice in three East African countries - Kenya, Tanzania and Uganda. ...		Secondary OGDCL share offering soon LAHORE, Feb 9: The Privatization Commission will make secondary public offer for the sale of shares of Oil and Gas Development Company Limited (OGDCL) to the general public soon ...
Trading picks up on cotton market KARACHI, Feb 9: Active trading was witnessed on the cotton market on Wednesday as pent-up mill demand figured prominently on the current levels owing perhaps to some negative reports about the future supplies. ...		Stocks remain flat amid heavy profit-selling KARACHI, Feb 9: Stocks on Wednesday took a technical breather as a section of investors took profits at the higher levels but larger fall was averted thanks to active short-covering at the dips in some of the blue chips including PSO. ...