02 March 2005	Wednesday	20 Muharram 1426

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Costlier finance to hurt exports KARACHI, March 1: The State Bank has increased the export refinance rate by half a percentage point to 4.5 per cent for March 2005. This means, that eligible exporters will get export financing at 6 per cent from commercial banks during this month. ...		NEC takes stock of economy tomorrow KARACHI, March 1: A marked improvement has been noted in the performance of both the large scale industry, which showed growth of more than 16 per cent and similar upswing was observed in agriculture ...
Energy sector fuels fire of economic growth KARACHI, March 1: Oil and gas, or say energy sector, is fuelling the fire of country's economic growth as well as investors' interest, both direct and portfolio. ...		CBR may propose amendments in ST Act ISLAMABAD, March 1: The Central Board of Revenue (CBR) is likely to propose amendments in the Sales Tax Act 1990 to allow de-registration of taxpayers from the tax net with a turnover less than Rs5 million without filing of a tax return. ...
Protection of minority shareholders assured KARACHI, March 1: Protection of interest of the minority shareholders is always a top priority of the Karachi Stock Exchange. This was stated by KSE Managing Director Moin M. Fudda here on Tuesday. ...		Importers book 0.38m tons of sugar KARACHI, March 1: Pakistani importers have booked 380,000 tons of sugar since January when the government scrapped a 25-per cent import duty in an attempt to check the runaway domestic prices, a government official said on Tuesday. ...
Essentials' prices show rising trend KARACHI, March 1: Consumers had to pay more for various eatables in the month of February. They paid higher prices to buy pulses, sugar, milk, onion, potato and tomato, which affected their monthly as well as daily budget. ...		Code of conduct for rating firms ISLAMABAD, March 1: The Securities and Exchange Commission of Pakistan (SECP) has issued a detailed code of conduct for credit rating companies in order to put an end to the ongoing individual procedures ...
Supachai new Unctad secy-gen UNITED NATIONS, March 1: UN Secretary General Kofi Annan on Monday named the outgoing head of the World Trade Organization, Supachai Panitchpakdi, as secretary-general of the United Nations Conference on Trade and Development (Unctad). ...		Dollar under pressure LONDON, March 1: The dollar remained pressured against the yen on Tuesday after the latest batch of Japanese data provided further evidence of a recovery for the world's second largest economy, analysts said. ...
Firm conditions on cotton market KARACHI, March 1: Firm conditions prevailed on the cotton market on Tuesday as spinners took a breather after having made strong forward covering purchases from the international trading centres. ...		Stocks resume upward drive with 144.46 points gain KARACHI, March 1: Stocks on Tuesday resumed their upward drive boosted by heavy buying in the energy shares at the lower levels aided by reports of higher corporate earnings and the proposed PSO sell-off before June. ...