15 February 2005	Tuesday	05 Muharram 1426

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State Bank urged to modify export refinance scheme KARACHI, Feb 14: The Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) has requested the State Bank to modify the export refinance scheme (ERS) Part-I to provide facilities to genuine exporters. ...		Inflation up by 8.51pc in Jan KARACHI, Feb 14: Inflation rose to 8.51 per cent in the year to January 2005 from 7.37 per cent year-on-year in December 2004. In July-January 2004-05, the rate of increase in inflation was 8.76 per cent ...
Disputes may be settled at neutral venue: Power sector ISLAMABAD, Feb 14: Pakistan is expected to allow power sector dispute settlements through international arbitration at a neutral venue like England, instead of Pakistan's local judicial system ...		Effluent treatment plants under way KARACHI, Feb 14: Out of total 350 million gallons per day of waste from Karachi that finds way into the sea, the share of Karachi's entire industrial estates is estimated at around 100 million gallons per day. ...
Qatari minister due today: Pipeline talks ISLAMABAD, Feb 14: Qatari Petroleum and Natural Gas Minister Abdullah bin Hamad al-Attiya arrives here on Tuesday to speed up negotiations over the $3-billion Gulf-South Asia pipeline project and discuss possible oil sales to Pakistan. ...		Road show for Kapco MULTAN, Feb 14: A road show for the initial public offering (IPO) of Kot Addu Power Company (Kapco) shares will be held here on Tuesday (Feb 15). The road show in Peshawar will be held on Feb 16, and in Sukkur and Quetta on Feb 17, says an official release. ...
WTO aims 'endgame document' by year-end GENEVA, Feb 14: World Trade Organization member states said on Monday they were aiming to come up with an "endgame document" by the end of the year as they stepped up the pace of troubled global trade talks. ...		Oil prices dip despite Opec output cut talk LONDON, Feb 14: World oil prices fell on Monday as warmer weather in the US north east region offset reports that Opec was considering cutting output in the second quarter even amid strong demand, traders said. ...
S. Arabia adding new crude spare capacity RIYADH, Feb 14: Saudi Arabia is adding new crude spare capacity. The number of drilling rigs operating in the Kingdom, a barometer of drilling activity, is expected to double to 70 by the end of the year ...		Fiat settles row with GM TURIN, Feb 14: Investors cheered Fiat on Monday for settling a long row with General Motors without going to court, but said a $2 billion cheque would not be enough to solve the Italian industrial group's problems. ...
Cotton market rules firm KARACHI, Feb 14: Trading on the cotton market on Monday resumed on a firm note but physical business remained light as price ideas of buyers and sellers failed to find a meeting ground. ...		Stocks cross another barrier on renewed buying KARACHI, Feb 14: The KSE 100-share index on Monday broke through the barrier of 7,300 and firmly stood at 7,341.69, up by 102.93 points followed by renewed fresh covering purchases in most of the pivotals under the lead of OGDC. ...