13 February 2005	Sunday	03 Muharram 1426

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Investment of EOBI up by 17.78pc: Capital market KARACHI, Feb 12: The Employees' Old Age Benefit Institution (EOBI) has recorded fabulous increase of Rs13.411 billion in investment portfolio during first seven months (July to Jan) of the current fiscal year ...		Banks earn Rs23.6bn after-tax profit KARACHI, Feb 12: All commercial banks combined earned after-tax profit of Rs23.6 billion in the year to September 2004 which represents 83 per cent of their after-tax profit of Rs28.4 billion in the calendar year 2003. ...
SBP seeks details of sugar imports KARACHI, Feb 12: The State Bank has asked all banks to furnish details of imports of raw and refined sugar. In a letter written to all banks, the central bank has asked them to provide on weekly basis such information about import of raw and refined sugar ...		US, IMF support boosts Pakistan's economy WASHINGTON, Feb 12 Pakistan is headed for economic growth of 7.5 per cent this year, as it benefited from its support for the US war against terrorism and an IMF reform programme, the country's ambassador to the United States said on Friday. ...
Kapco posts Rs3,687m profit in six months KARACHI, Feb 12: The Privatization story of Kot Addu Power Company Limited (Kapco) has finally begun to unfold as the company disclosed financial results for the half year ended December 31, 2004. ...		Import bill shoots up 49.31pc in 7 months ISLAMABAD, Feb 12: Pakistan's import bill registered a massive growth of 49.31 per cent during seven months (July-January) of the current financial year, over the same period last year. ...
Industries suffer production losses: Power shutdown KARACHI, Feb 12: Industrialists in the Site industrial area have been facing problems in running their businesses because of faulty transmission and distribution system of the Karachi Electric Supply Corporation (KESC), causing several hours load shedding for the last few months. ...		Rs1.087bn raised from withholding tax, CVT ISLAMABAD, Feb 12: The Central Board of Revenue raised Rs1.087 billion revenues during the seven months (July-January) of the current fiscal year under capital value tax (CVT) and withholding tax on purchase and supply of shares of three stock exchanges. ...
Carryover rates show modest decline KARACHI, Feb 12: After remaining static around 18 per cent for the last couple of weeks, carryover rates on the Karachi Stock Exchange showed a modest decline during the previous week followed by reports of steady inflow of fresh funds in a high-yielding market. ...		FTAs with four Asian countries ISLAMABAD, Feb 12: Pakistan would formally initiate dialogue on signing free trade agreements (FTAs) with Nepal, Malaysia, Indonesia, China and also negotiate a preferential trade arrangement (PTA) with Morocco as part of its market access moves. ...
Roadshow for capital market investment held SIALKOT, Feb 12: The Securities and Exchange Commission of Pakistan (SECP) and Central Depository Company (CDC) on Saturday jointly organized the first of five roadshows here with a view to attracting investors from small cities to the capital market. ...		Govt to issue two more mobile licences ISLAMABAD, Feb 12: The government plans to issue two more telecom licences for cellular phones to meet the growing demand for mobile phones in the country, Prime Minister Shaukat Aziz said on Saturday. ...
Cotton market maintains firm outlook KARACHI, Feb 12: Cotton market finished the weekend session on a firm note as ginners held on to their unsold positions amid predictions of further increase in prices. ...		India expects Iran gas pipeline by 2009 NEW DELHI, Feb 12: A pipeline through Pakistan for import of natural gas from Iran to India could be ready by the end of 2009 if an agreement is reached with Tehran in June, a senior oil ministry official said on Friday. ...