11 February 2005	Friday	01 Muharram 1426

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Nepra warns of looming power shortage ISLAMABAD, Feb 10: The National Electric Power Regulatory Authority (Nepra) has asked the government to formulate a long-term power sector master plan before seeking foreign or local investment to avoid higher power tariffs or repetition of 1994-like crisis. ...		Power, telecom to attract $10bn investment: BoI ISLAMABAD, Feb 10: The chairman Board of Investment, Wasim Haqqie has claimed that power and telecom sectors would attract foreign investment worth $10 billion in 2005 and 2006. "There will be $5 billion investment in each year," he maintained. ...
Current account deficit swells to $885 million KARACHI, Feb 10: Pakistan saw a current account deficit of $885 million in the first half of this fiscal year, according to provisional data released by the State Bank. ...		KSE asked to be more vigilant: Market surge KARACHI, Feb 10: Chairman Securities and Exchange Commission of Pakistan Dr Tariq Hassan has appreciated the positive contribution of Karachi Stock Exchange in adopting first generation reforms initiated by the SECP. ...
Afghanistan offers investment facilities LAHORE, Feb 10: Afghanistan Trade and Commerce Minister Hedayat Amin Arsala has said that his government was ready to offer all possible facilities to Pakistanis for setting up industries in Afghanistan. ...		Tata chief meets Aziz ISLAMABAD, Feb 10: Prime Minister Shaukat Aziz on Thursday said Pakistan offered a climate conducive for investment, and the structural reforms initiated by the government had started showing results. ...
Engro Chemical, Askari Bank profit rise KARACHI, Feb 10: On Thursday, Engro Chemical Pakistan Limited and Askari Commercial Bank Limited announced their financial results for the year ended December 31, 2004. ...		China to import Pakistani orange BEIJING, Feb 10: The Chinese government has given its consent to import Pakistani orange from next season, officials said here on Thursday. ...
Mishandling causes price hike: PSMA - Sugar import quota ISLAMABAD, Feb 10: The Pakistan Sugar Mills Association (PSMA) has alleged that a few groups had monopolized the import quota of 200,000 tons raw sugar approved by the Economic Coordination Committee (ECC) of the cabinet on December 30 ...		Clarification KARACHI, Feb 10: In a press release issued here on Thursday, Siemens Pakistan Engineering Co. Limited has said the firm has no equity in the KESC and the impression created by some reports that it is part owner is not based on facts. ...
Zero ST scheme to benefit exporters FAISALABAD, Feb 10: Textile exporters have welcomed the new zero rating sales tax scheme with no sales tax payment, no extra documentation and least involvement of the tax authorities. ...		Islamabad wants increased trade with Kabul ISLAMABAD, Feb 10: Pakistan is focusing on the development of infrastructure, provision of road links and better communication facilities from Gwadar to border areas to facilitate trade with Afghanistan ...
Buying spree continues on cotton market KARACHI, Feb 10: Active trading was again witnessed on the cotton market on Thursday as spinners continued to build up long positions at the current levels, fearing further increase in prices. ...		KSE 100-share index breaks 7,200-point barrier KARACHI, Feb 10: The KSE 100-share index on Thursday maintained upward thrust and broke the barrier of 7,200 points on heavy short-covering in OGDCL and PTCL, but selling at the fag-end of the session pushed it down slightly below this level. ...