March, 27 2005	Sunday	16 Safar 1426

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Think-tank cell to protect market share proposed KARACHI, March 26: Business leaders have asked the government to set up a permanent ‘think-tank’ or experts’ cell in the ministry of commerce which could hold negotiations at world level and...		Stock market crisis SBP uncaps badla financing limit KARACHI, March 26: Banks and development finance institutions or DFIs seem set to enter the stock market early next week to help the market recover heavy losses it suffered in the...
Demand to impose duty opposed KARACHI, March 26: Pakistan Tanners Association (PTA) has opposed the demand of imposing ban or fixing 20 per cent duty on export of wet blue leather and termed it contrary to...		Pakistan good place for foreign investors ISLAMABAD, March 26: Senate Chairman Mohammadmian Soomro on Saturday said a lot of investment opportunities with better infrastructure facilities and conducive business environment were available in the country. He said...
CBR chief for speedy disposal of cases ISLAMABAD, March 26: Central Board of Revenue Chairman M. Abdullah Yousuf has directed the customs collectors to immediately withdraw all departmental appeals filed against the decision of first adjudication level. The...		ADB terms 1990s farm growth figures incorrect ISLAMABAD, March 26: The 4.3 per cent overall agriculture growth rate per year during 1990s, as reported in the Pakistan Economic Survey 2002-03, was a mere statistical artifact, reveals a latest...
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Abundant liquidity, few investment opportunities keep Saudi stocks up RIYADH, March 26: An abundance of local capital with few investment outlets, combined with rocketing oil prices and a shortage of shares on the Saudi bourse, guarantee a bull market for...		21 Indian states to launch new tax from next month NEW DELHI, March 26: India said that 21 of its 29 states would introduce a value-added tax (VAT) on April 1, as planned, ruling out any delay even though some states...
‘Japan, India to develop natural gas resources’ TOKYO, March 26: Japan and India have reached a basic agreement on the joint development of natural gas off the Andaman Islands in the Bay of Bengal, a press report said...		Higher interest rates cast shadow on commodities LONDON, March 26: Rising interest rates spell no immediate threat to commodity markets, but they may eventually create a drag on the raging bull rally currently in full swing, analysts said....
Brazil praised for economic turnaround WASHINGTON, March 26: The International Monetary Fund on Friday praised Brazil for an “impressive” economic transformation, while calling for additional measures to boost growth and curb poverty. In an annual report...		Market losing interest in bonds KARACHI, March 26: The State Bank, on Saturday, had to scrap an auction of long term Pakistan Investment Bonds or PIBs because of thin demand for the bonds amidst hopes that...
Price of imported oil worsens Thai public accounts BANGKOK, March 26: Thailand is facing its first trade deficit since the 1997 economic crash, mostly because of high imported oil prices, the government said. Prime Minister Thaksin...		Prices move higher on cotton market KARACHI, March 25: Cotton prices on the Karachi Cotton Exchange on Saturday rose by Rs25 as some of the leading spinners and mills indulged in big-lot business to grab the floating...
Karachi Port operations KARACHI, March 26: Five ships including Sea Conqueror carrying 36,550 tons of sugar are due to arrive at the outer anchorage on Sunday, according to KPT sources. Berthing...		S. Arabia raises interest rates RIYADH, March 26: Saudi Arabia hiked a key interest rate to 3.0 per cent on Saturday, effectively raising rates by nearly half a per cent in a move bankers said could...
Dollar steady in quiet holiday trading NEW YORK, March 26: The dollar held in a narrow range on Friday in thin trading, with many forex traders on holiday and stock markets closed for the long Easter weekend....		Stocks lower as Fed moves to slay inflation dragon NEW YORK, March 26: Is inflation back? Many on Wall Street think so, and amid a harsher tone from the Federal Reserve, investors have been scurrying for cover, dragging stocks lower...
Kuwait share index sets new record, tops 7,700 KUWAIT, March 26: The share index of the Arab world’s No. 2 bourse surged on Saturday to a fresh record high that left it closing above 7,700 for the first time...		French price rises outpace wage gains PARIS, March 26: Prices rose faster than wages in France in the last three months of 2004, official figures showed on Friday, pointing to an erosion of households’ purchasing power just...