05 March 2005	Saturday	23 Muharram 1426

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Banks lend Rs309bn to private sector KARACHI, March 4: All commercial banks, 36 in number, lent Rs309.3 billion to the private sector in less than eight months of this fiscal year, up from Rs223.5 billion during the same period last year. ...		Monetary expansion raised to 14.5pc KARACHI, March 4: The annual target of monetary expansion has been revised upward to 14.5 per cent from 11.3 per cent owing to expansion in credit to the private sector and higher government budgetary borrowings during first half of current fiscal. ...
PM calls for investment in IT sector LAHORE, March 4: Prime Minister Shaukat Aziz on Friday asked the businessmen to look beyond the traditional sectors of economy like textiles and start investing in "knowledge based businesses" like information technology (IT). ...		Debt bill to eliminate revenue deficit LAHORE, March 4: Prime Minister Shaukat Aziz said on Friday said the Fiscal Responsibility and Debt Limitation Bill passed by the National Assembly would help eliminate revenue deficit and reduce public debt through effective debt management. ...
Inflation may go into double digits by June ISLAMABAD, March 4: The government is anticipating overall inflation to go in double digits by June, first time after eight years, owing to continuous increase in the prices of petroleum and essential consumer goods, it is learnt. ...		Pakistan, US make progress on treaty: Bilateral investment ISLAMABAD, March 4: Pakistan and the United States have agreed in principle to seek arbitration in investment related disputes through any international forum in the proposed Bilateral Investment Treaty (BIT) likely to be signed in May. ...
PS capacity utilization enhanced KARACHI, March 4: The Pakistan Steel has enhanced its budget utilization to 95 per cent. Its gross sales and other income amounted to Rs21.729 billion, and net profit earned was Rs4,000 million during the last eight months. ...		19 firms show interest in power sector LONDON, March 4: Federal Minister for Water and Power Liaqat Ali Jatoi said on Thursday that 19 well-established companies had shown interest in making investment in the power sector. ...
New rules for cargo clearance ISLAMABAD, March 4: The Central Board of Revenue has issued new procedures regarding customs documents for the transportation of cargo. ...		Customs duty exemption ISLAMABAD, March 4: The government has withdrawn customs duty in excess of 10 per cent ad valorem from the import of two kinds of pharmaceutical raw materials. ...
Cotton market maintains bullish outlook KARACHI, March 4: The cotton market on Friday maintained a bullish outlook, as below market arrivals of phutti for the fortnight ended Feb 28 buoyed ginners. But on the other hand, spinners and mills played safe. ...		Massive buying in PTCL pushes index up by 297 points KARACHI, March 4: The KSE 100-share on Friday again raced towards its new target of 9,000 points followed by a massive foreign buying in PTCL triggered by positive developments on its early privatization, analysts said. The index added another 297 points to the overnight total. ...