March, 20 2005	Sunday	09 Safar 1426

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State Bank removes cap on housing finance KARACHI, March 19: Banks can now lend as much money to a single borrower for construction of houses and apartments as they find feasible. The State Bank has told them that...		Resumption of wheat loans Opinion from Punjab, Sindh sought KARACHI, March 19: The State Bank of Pakistan has sought opinion of the Punjab and Sindh government on the possibility of restoring bank loan facility for the wheat traders and flour...
Customs SAS being introduced this month FAISALABAD, March 19: The customs self assessment scheme is being introduced through a pilot project in Karachi during this month, which would be extended throughout the country during next 18 months....		Trade gap widens to $3.47 billion ISLAMABAD, March 19: Pakistan’s trade deficit increased by 187.70 per cent during the eight months (July-February) of the current fiscal year over the same period of last year. Official figures released...
Direct trade with Pakistan proposed LAHORE, March 19: Chemexcil Business Delegation Leader Satish has stressed the need for starting direct trade between India and Pakistan for the benefit of the counsumers and relaxing business visa restrictions...		Chinese keen on joint ventures in Karachi KARACHI, March 19: Chinese businessmen should be accorded priority in Karachi for joint venture as this is the hub of the industrial and commercial activities in Pakistan. This was...
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Abu Dhabi Group to increase investment ISLAMABAD, March 19: Bashir Tahir, Adviser to the Abu Dhabi Group along with Chief Executive Officer Warid Telecom called on Prime Minister Shaukat Aziz Saturday and briefed him of the group’s...		Investment in badla falls by Rs5.2bn KARACHI, March 19: Investment on the carryover market on the Karachi Stock Exchange last week suffered a sharp decline of Rs5.2bn owing to a massive battering received by the leading shares...
China eyes forex trading as step to flexible yuan BEIJING, March 19: A system of foreign currency trading that China is planning to start this year could become the prototype for more flexible dealing in the country’s own currency, the...		Dollar buoyed by hopes for US interest rate hike NEW YORK, March 19: The dollar firmed against other major currencies on Friday as investors positioned for an interest rate hike from the US Federal Reserve and possibly a more aggressive...
NWFP investors asked to enter into stock business PESHAWAR, March 19: Securities and Exchange Commission of Pakistan (SECP) and Central Depository Company (CDC), here on Saturday, persuaded potential investors from the Frontier province to make investment into the stock...		End farm export subsidies in 5 years, says G-20 NEW DELHI, March 19: Poor nations on Saturday turned up the heat on rich countries in world trade talks by urging them to scrap all farm export subsidies within five years....
US banks asked to warn clients of ID theft NEW YORK, March 19: The FDIC on Friday ordered US banks to warn customers of suspected cases of identity theft, one of the fastest-growing types of consumer fraud. ...		Eurozone public deficit falls to 2.7pc, debt rises BRUSSELS, March 19: The cumulative spending deficit of the 12 eurozone countries fell slightly last year to 2.7 per cent of output from 2.8 per cent in 2003, the EU’s statistics...
World oil prices rocket to record highs near $58 LONDON, March 19:- World oil prices soared this week to record high points, nearing $58 per barrel in New York, underpinned by robust global demand as traders shrugged off a move...		Indian inflation rises above 5 per cent NEW DELHI, March 19: India’s inflation rate rose for the second straight week to inch above the 5 per cent mark in data released on Friday, prompting the government to say...
Soap makers move NTC to seek cut in duty ISLAMABAD, March 19: The National Tariff Commission (NTC) is considering a proposal of a local industry seeking downward revision in customs duty on import of raw materials used in the manufacturing...		Kuwait set for record windfall as oil income soars KUWAIT CITY, March 19: Oil-rich Kuwait is set to post its largest budget surplus ever in fiscal 2004-5 on the back of high oil prices and a rise in production, official...
Bullish trend on cotton market KARACHI, March 19: Cotton market on Saturday maintained a bullish outlook as lower than market expectations phutti arrival figures allowed ginners to raise their asking prices by Rs25 per maund. ...		New York cotton finishes lower NEW YORK, March 19: Cotton futures settled lower on Friday on steady speculative liquidation and the market may grind lower from follow-through sales next week, analysts said. The New York...