16 February 2005	Wednesday	06 Muharram 1426

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Bond indices to establish benchmark: Long-term interest rates KARACHI, Feb 15: After benchmarking short-term interest rates through Karachi Inter bank Offered Rate (KIBOR), Pakistan's financial market is moving ahead to have a yardstick for long-term interest rates. ...		Branch opening policy for DFIs KARACHI, Feb 15: The State Bank of Pakistan will consider, among other things, the net worth of a Development Finance Institution (DFI) while allowing it to open new branches, says a circular issued on Tuesday. ...
MCB, POL after tax profit rise KARACHI, Feb 15: Two heavyweights, the Muslim Commercial Bank (MCB) and Pakistan Oilfields Limited (POL), announced financial results on Tuesday. ...		Package for garment exporters on cards KARACHI, Feb 15: A relief package is being offered to the readymade garment exporters to enable them remain competitive in the European market where they are found to be placed at a highly disadvantageous position ...
PIF, PGF adviser declares dividends KARACHI, Feb 15: PICIC Asset Management Company Ltd. - the investment adviser to the PICIC Investment Fund (PIF) and PICIC Growth Fund (PGF) -- has announced interim cash dividends ...		Women used as importers to avoid tax probe: Cars under gift, TR schemes KARACHI, Feb 15: A number of used cars that found their way into Pakistan under gift and transfer of residence (TR) schemes in the last one year have women behind them as "importers". ...
Rice prices firm on African exports KARACHI, Feb 15: Domestic rice prices have been firm in the past week and are likely to stay strong in days ahead because of increased orders from African countries, exporters said on Tuesday. ...		Tariff talks with India from 22nd ISLAMABAD, Feb 15: Pakistan and India will start the second round of negotiations for removing tariff and non-tariff barriers that restricted the flow of trade between the two countries. ...
Malaysians told to invest in Pakistan: Infrastructure projects ISLAMABAD, Feb 15: The visiting Malaysian business delegation met senior officials of the Asian Development Bank (ADB) here on Tuesday and sought their advice to invest in Pakistan's infrastructure development projects. ...		Italy seeks strong trade relations with India NEW DELHI, Feb 15: The emergence of India and China as global players is transforming world politics and economics, and Asia's rapid social and economic development is a 21st-century reality. ...
Cotton prices up on active buying KARACHI, Feb 15: Cotton prices on Tuesday steadily rose from the previous levels as ginners further raised their asking prices for fine lots amid reports of short supply. ...		Bulls take KSE 100-share index to new highs KARACHI, Feb 15: Leading shares on Tuesday rose further higher on active follow-up support on selected counters but unlike the previous sessions the broader market was a bit weak amid active profit-selling. ...