08 March 2005	Tuesday	26 Muharram 1426

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Govt to develop logistic chain KARACHI, March 7: Prime Minister Shaukat Aziz said on Monday the economic development strategy would now be based on five pillars of providing efficient and sound infrastructure ...		KPT to set up 18-metre deep draft terminal KARACHI, March 7: Chairman Karachi Port Trust (KPT) Vice Admiral Ahmad Hayat has said that a deep draft container terminal at the Karachi Port is imperative if it has to graduate to a hub port and shed its feeder port status. ...
Current account deficit at $1.066bn KARACHI, March 7: Pakistan posted a current account deficit of $1.066 billion in seven months of this fiscal year i.e. during July 2004-January 2005. ...		Govt plans zero ST on cotton exports KARACHI, March 7: The government has planned to bring down the rate of sales tax to zero on full chain of 70 per cent exports of cotton and its products. ...
Law soon to discourage benami transaction LAHORE, March 7: The government is enacting a law to discourage benami transaction, especially in the real estate sector, to bring transparency in financial matters. ...		SECP issues directives to bourses: Risk management KARACHI, March 7: Over the week-end (Friday, March 4), the Securities and Exchange Commission of Pakistan (SECP) issued a long list of directives to the three stock exchanges ...
Fisheries sector to be upgraded: Humayun ISLAMABAD, March 7: The government is considering a proposal to hire consultants for the up gradation of fisheries sector. This was disclosed by Commerce Minister Humayun Akhtar Khan in a meeting with the representatives of fisheries sector ...		Japan to assist in infrastructure development KARACHI, March 7: Japan is willing to assist Pakistan in its infrastructure development strategy to cater to the requirements of high growth. ...
Business talks with Japan tomorrow ISLAMABAD, March 7: A Pakistan-Japan joint business dialogue will start here on Wednesday (March 9) to consider a range of issues for the enhancement of trade and investment between the two countries. ...		Oil eases on Opec comments LONDON, March 7: World oil prices fell on Monday amid profit-taking and calming comments from the Opec president, after surging last week on frenzied speculative buying, dealers said. ...
Prices ease on cotton market KARACHI, March 7: Cotton prices on Monday eased by Rs25 from the recent highs as some of the ginners sold inferior lots in a bit haste to clear the backlog. ...		Profit-selling clips gains on stock market KARACHI, March 7: The KSE 100-share index on Monday briefly broke through the barrier of 9,000 at 9,007.49 followed by fresh massive buying in PTCL and OGDC, but the index failed to sustain it on late-selling at the inflated levels. ...