25 February 2005	Friday	15 Muharram 1426

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Pakistan, India likely to go for PTA ISLAMABAD, Feb 24: Pakistan and India are likely to start talks on a preferential trade arrangement (PTA) after receiving the reports of sub-groups constituted recently on customs cooperation, trade facilitation and non-tariff barriers (NTBs). ...		Slow progress irks ministry: Effluent treatment plant KARACHI, Feb 24: The ministry of industries and production has expressed its dismay over the slow progress on the proposed combine effluent treatment plant (CETP) project at Site industrial area. ...
'Cost of drilling in Makran coast up by $10m' ISLAMABAD, Feb 24: The drilling started by Pakistan Petroleum Limited (PPL) in the Makran Coast last Friday for petroleum well is going to cost an extra $10 million ...		Launching of customs reforms on March 23 ISLAMABAD, Feb 24: The Customs Administrative Reforms (CARE) project will be launched on March 23 to restructure the existing customs system plagued with major problems like under-valuation, mis declaration and under-invoicing /fake invoicing. ...
Kapco to raise small investors to 750,000 ISLAMABAD, Feb 24: The Initial Public Offering (IPO) of Kot Adu Power Company (Kapco), which remained opened for four days, will raise the number of beneficiaries, the common citizens of Pakistan, from 450,000 to 750,000. ...		PTCL gives Rs2/share interim dividend KARACHI, Feb 24: Pakistan Telecommunication Company Limited (PTCL) managed to spring a pleasant surprise for its shareholders, when the company came up with an interim cash dividend of Rs2 per share ...
China asked not to swamp market with textiles BEIJING, Feb 24: European Union trade chief Peter Mandelson urged Beijing Thursday not to swamp world markets with cheap textile exports following the January 1 end of an international tariff regime. ...		Dollar weaker against euro LONDON, Feb 24: The dollar's brief rally against the euro was cut short on Thursday, with the US currency slipping as markets prepared for the release of key American economic data, dealers said. ...
Cotton prices rise further KARACHI, Feb 24: Cotton prices on Thursday rose further as spinners were not inclined to keep to the sidelines fearing a fresh increase followed by reports of ginner squeeze. ...		KSE index consolidates above 8,200-point level KARACHI, Feb 24: Despite an active selling in some of the pivotals, stocks remained in a bullish frame of mind on Thursday on active short-covering at the dips but the undertone remained mixed. ...