26 February 2005	Saturday	16 Muharram 1426

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Partnership firms face unfavourable position: Flaw in tax law KARACHI, Feb 25: Flaw in tax law is creating unfavourable position for private limited and partnership concerns vis-à-vis sole proprietorship firms. ...		'Technical problem' halts trading KARACHI, Feb 25: Trading at the Karachi Stock Exchange was halted in the second session on Friday, for 45 minutes, which triggered a series of stories among the market participants. ...
Pakistan Steel expansion disallowed ISLAMABAD, Feb 25: The ministry of industries and production has disallowed the expansion of Pakistan Steel (PS) and directed its management to concentrate on improving the existing facilities. ...		Market share of fake lubricant rises KARACHI, Feb 25: The share of smuggled and fake/illegal lubricants in the industrial and automotive segments is slightly gaining momentum because of tremendous growth in the local automobile production ...
CDC further cuts tariff KARACHI, Feb 25: Central Depository Company Limited (CDC) has slashed annual fee for individual investor account holders from Rs1,500 to Rs500 per account, showing a decline of 66.6 per cent. ...		OGDCL declares 15pc dividend ISLAMABAD, Feb 25: The Board of Directors of Oil and Gas Development Company Ltd in its meeting here on Friday approved accounts for the first-half ended December 31, 2004. ...
Eritrea to import rice, textiles, cement ISLAMABAD, Feb 25: The Eritrean government will import cement, food products, pharmaceuticals, rice and textile products from Pakistan. ...		Pakistan, China make progress on PTA ISLAMABAD, Feb 25: Pakistan and China on Friday agreed to finalize the list of items for Early Harvest Programme (EHP)-zero rate of duty-to be considered under the existing preferential trade arrangement (PTA) between the two countries. ...
Two offshore exploration licences granted ISLAMABAD, Feb 25: The government on Friday granted two licences to Italian Petroleum company ENI and its Joint venture Government Holding Pvt Ltd (GHPL) to undertake oil and gas exploration in two offshore Blocks: ...		JSCML announces dividend KARACHI, Feb 25: Jahangir Siddiqui Capital Markets Limited (JSCML) has announced interim cash dividend at Rs1.50 (15 per cent) for the first-half of the financial year 2004-05 ...
Voluntary pension rules notified ISLAMABAD, Feb 25: The Securities and Exchange Commission of Pakistan (SECP) has notified Voluntary Pension System (VPS) Rules, 2005, allowing the asset management and insurance companies to get licences for acting as pension fund manager. ...		Changes in labour laws sought KARACHI, Feb 25: The Towel Manufacturers' Association of Pakistan (TMA) has urged the government to make amendments to the existing labour laws in order to meet the challenges of WTO's quota-free era. ...
Trading gains momentum on cotton market KARACHI, Feb 25: Physical trading on the cotton market on Friday gathered a fresh momentum as spinners raised their offered prices for fine lots but ginners appear to be in no obliging mood. ...		Buying at dips neutralizes selling on stock market KARACHI, Feb 25: Stocks on Friday suffered widespread decline as weekend selling figured prominently at the inflated levels but there were buyers at the dips on selected counters under the lead of OGDC and some others. ...