March, 23 2005	Wednesday	12 Safar 1426

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PPIB to hold bidding for 3 power projects ISLAMABAD, March 22: The Private Power and Infrastructure Board (PPIB) on Tuesday decided to hold an international competitive bidding (ICB) for the setting up of three thermal power projects worth $1.3...		KSE bracing for worst crisis in its history KARACHI, March 22: As optimism melted away on Tuesday, investors at the Karachi stock exchange braced themselves to face what might turn out to be one of the worst crises in...
Rain-hit Punjab, NWFP may miss wheat target LAHORE, March 22: The prolonged spell of rains across Punjab and NWFP, high velocity winds and hailstorms at some points in Punjab last week have placed a question mark about the...		Two exploration licences granted ISLAMABAD, March 22: The government on Tuesday granted two Petroleum Exploration Licences to Pakistan Petroleum limited over Block Nos 2866-2 (Kalat) and 2568-15 (Tajpur) covering an area of 2482.14 and 112.36...
Around 7pc inflation forecast KARACHI, March 22: Whereas the State Bank forecasts 8.2-8.8 per cent inflation for this fiscal year, the government says it “is likely to remain in the neighbourhood of 7 per cent.”...		GSP: 3.5pc duty cut on exports to EU ISLAMABAD, March 22: Pakistan will get duty reduction of around 3.5 per cent in export of all products except for textile and clothing to European Union (EU) member countries under the...
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Govt okays offers list for foreign services providers ISLAMABAD, March 22: The WTO Council Pakistan on Tuesday approved the offers list aimed at opening up almost all major sectors, sub-sectors to foreign services providers (FSPs) with a hope to...		Network development discussed ISLAMABAD, March 22: Pakistan has asked the Word Bank (WB) to suggest a legal environment and regulatory framework clearly spelling out the role and risk of public and private parties to...
WB-IMF meetings WASHINGTON, March 22: A delegation from Pakistan is scheduled to arrive here on April 14 to attend the 2005 spring meetings of the World Bank and the IMF to be held...		Cell phone service launched LAHORE, March 22: Norwegian telecom operator Telenor extended its mobile telephone service to Lahore, Faisalabad and Hyderabad on Tuesday. The company had already opened its service in Islamabad, Rawalpindi and Karachi...
Karachi Port operations KARACHI, March 22: Four ships carrying steel coils, general cargo and containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves...		Palm oil lower KUALA LUMPUR, March 22: Malaysian crude palm oil futures extended losses on Tuesday, weighed down by weakness in rival US soyaoil. The benchmark third-month crude palm oil futures contract on Bursa...
Stocks plunge by 403 points Karachi, March 22: The KSE 100-share index on Tuesday plunged by another 403 points or 4.4 per cent as investors continued to take profits at the inflated levels but late short-covering...		Cotton stays firm on active demand KARACHI, March 22: Cotton prices on Tuesday remained stable around the previous levels as spinners and mills indulged in mop up operations amid reports of falling unsold stocks lying with the...