March, 16 2005	Wednesday	05 Safar 1426

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Foreign firms assured full protection: Musharraf inaugurates new mobile company ISLAMABAD, March 15: President Pervez Musharraf on Tuesday said only emerging and developing countries ensure profit margin in double digit, and many of foreign entrepreneurs here were making huge profits to...		Depts asked to submit forex requirements ISLAMABAD, March 15: The federal government has directed all the ministries, provincial governments and autonomous bodies to submit their next year’s foreign exchange requirements in item-wise details along with loan or...
Chinese investment on rise ISLAMABAD, March 15: Federal Minister for Privatization and Investment Dr Abdul Hafeez Sheikh has said that 31 Chinese companies are successfully operating in Pakistan in the Oil and Gas, IT, Telecom,...		FPCCI’s new constitution under way KARACHI, March 15: A new constitution is being prepared for the Federation of Pakistan Chambers of Commerce and Industry to make the affairs of the apex trade body of the country...
Stocks cross 10,000 barrier KARACHI, March 15: The KSE 100-share index on Tuesday confidentially breached through the crucial barrier of 10,000 and stood well above it at 10,303.13, heralding the advent of foreign buying, and...		SECP amends Companies Ordinance ISLAMABAD, March 15: The Securities and Exchange Commission of Pakistan (SECP) has notified an amendment in the Sixth Schedule to the Companies Ordinance, 1984 enabling corporate entities, practitioners, investors, agencies and...
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Re-composition of KSE 100 index KARACHI, March 15: Karachi Stock Exchange (KSE) has added Pakistan Petroleum Limited (PPL), to its 100-share index, which has been re-composed and made effective from April 1....		Oil at record high despite Saudi call for output hike LONDON, March 15: World oil prices climbed on Tuesday, approaching record high points in London and New York, even as Opec kingpin Saudi Arabia repeated calls for a rise in crude...
10 firms get corporate awards KARACHI, March 15: Chief executives of ten companies were given corporate excellence awards, sectoral awards and corporate excellence certificates on Tuesday by Javed Iqbal, President of the Management Association of Pakistan...		US team explores business prospects ISLAMABAD, March 15: Pakistan was witnessing an impressive economic growth and its macroeconomic indicators reflected the strength of the economy offering potential business opportunities for the investors....
Karachi Port operations KARACHI, March 15: Six ships carrying general cargo, containers, scrap and to load molasses are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....		Cotton prices recover amid active demand KARACHI, March 15: Cotton market on Tuesday recovered from the recent lows after ginners raised their asking prices followed by reports of lower than market expectations phutti arrival figures for the...
Afghan economy KABUL, March 15: Afghanistan’s legal economy is expected to grow by 15 per cent in 2005, almost a doubling of the 7.5 economic growth seen in 2004, the Ministry of Finance...		Rice prices may decline further KARACHI, March 15: Pakistani rice prices were expected to fall further due to low demand from exporters and dealers said on Tuesday they did not see improvement soon....