18 February 2005	Friday	08 Muharram 1426

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Govt to off-load some of strategic units by June ISLAMABAD, Feb 17: The Privatization Commission has decided to complete a number of strategic transactions, which include PTCL, National Refinery, Pakistan State Oil (PSO), Pak Arab Refinery ...		State Bank sucks in Rs41.35bn KARACHI, Feb 17: The State Bank on Thursday mopped up Rs41.35 billion from a liquid inter-bank market through repo sale of treasury bills for two weeks at 3.95 per cent. ...
Malaysia to invest in power, farm sectors ISLAMABAD, Feb 17: Pakistan and Malaysia have agreed to investment in power, water, and construction and electricity transmission sectors and to reducing the current trade imbalance between the two countries. ...		Ways discussed to enhance trade ties ISLAMABAD, Feb 17: Malaysian Minister for Plantation, Industry and Commodities, Datuc Peter Chin Fah and Federal Minister for Industries Production and Special Initiative, Jehangir Khan Tareen agreed to enhance the level of cooperation ...
Progress made on FTA ISLAMABAD, Feb 17: Pakistan and Malaysia on Thursday agreed to have joint ventures in various sectors particularly in textile. The understanding was reached in a meeting of the Trade Minister of Malaysia ...		Complete phasing-out of badla by June 3 KARACHI, Feb 17: The Karachi Stock Exchange has said that the Carry Over Transactions (COT) or badla phasing-out process is being carried out in a smooth and efficient manner, in accordance with the plan agreed between the SECP and the bourse. ...
Regional tax offices by year-end ISLAMABAD, Feb 17: The chairman, Central Board of Revenue (CBR), M Abdullah Yousuf said on Thursday that 12 regional tax offices (RTOs) will be put in place by end of the year as part of re-vamping of the tax administration. ...		$4 billion tsunami relief business KARACHI, Feb 17: Big and small companies around the world are all geared up to claim their business share from more than $4 billion being pumped in Indonesia and Sri Lanka ...
23,234 tax appeals disposed of ISLAMABAD, Feb 17: The tax authorities have disposed of 23,234 income tax appeals during the first half year (July-December) period of the current fiscal year. ...		Pakistan's image improving KARACHI, Feb 17: Consul General of Germany Countess Von Roedern has said that Pakistan's international image is improving as things are going "in the right direction for the country," but areas like law and order need to be tackled properly. ...
Kenya fears duty hike on tea by Pakistan: Rice tariff row NAIROBI, Feb 17: Pakistan has threatened to effectively shut off Kenya from its largest tea export market after Nairobi hiked its import duty on rice from the South Asian country by more than 100 per cent, officials said on Thursday. ...		Oil rises after Opec forecast, US data LONDON, Feb 17: World oil prices rose on Thursday as traders digested a new Opec forecast of sharply higher global demand and a set of strong figures on US inventory levels, dealers said. ...
Insipid trading on cotton market KARACHI, Feb 17: Trading activity on the cotton market on Thursday was relatively slow as both ginners and spinners awaited the release of arrival figures of phutti for the fortnight ended Feb 15. ...		Stocks gain another 71 points on fresh buying KARACHI, Feb 17: Fresh heavy buying in bank and energy shares on Thursday gave an added boost to stock trading as investors were not inclined to miss the rising market aided by an attractive bait of both capital gains and higher pay outs and bonus shares. ...