March, 31 2005	Thursday	20 Safar 1426

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PM asks SECP to investigate reasons: Stock market crisis KARACHI, March 30: Prime Minister Shaukat Aziz had stated: “We must get to the bottom of this matter,” said Moin M. Fudda, managing director KSE, referring to the recent stock market...		Stocks maintain recovery tempo, up 230 points KARACHI, March 30: Stocks on Wednesday maintained a recovery tempo followed by reports of steady inflow of both investments buying by institutional traders and bargain-hunting by speculative forces. “The market is...
Decision on TCP-procured cotton today MULTAN, March 30: A meeting to envisage strategy for disposal of the cotton purchased by the Trading Corporation of Pakistan in the year 2004-05 is being held in Islamabad on Thursday...		Pakistan yet to meet food safety standards ISLAMABAD, March 30: Pakistan has yet to develop a national strategy for meeting safety standards to avoid trade sanctions on export of agriculture and food products under the sanitary and phytosanitary...
Minister opposes projecting wheat on higher side ISLAMABAD, March 30: Despite reports of a bumper wheat crop of over 22 million tons this year, the Federal Committee on Agriculture (FCA), which met on Tuesday, estimated the production at...		Govt urged to allow all inputs at zero rate KARACHI, March 30: Business and industry leaders have urged the government to allow all sorts of inputs—raw materials, machinery and accessories—at zero rate of customs duty, sales tax, withholding and income...
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Govt needs more taxes to bridge Rs46bn gap ISLAMABAD, March 30: The government will have to find alternative sources of taxation to bridge a budgetary gap of Rs46 billion owing to non-recovery of petroleum development levy (PDL). The need...		Hike in POL prices likely KARACHI, March 30: Oil Companies Advisory Committee (OCAC) is flexing its muscles to increase the price of POL products on March 31 in its fortnightly price review. Light Arab Crude product...
Stock trade: CBR raises Rs2.162bn from levies ISLAMABAD, March 30: The Central Board of Revenue (CBR) raised Rs2.162 billion revenues in eight months (July-February) of the current fiscal year under the capital value tax (CVT) and withholding tax...		Six-month T-bill rate rises to 5.5pc KARACHI, March 30: Average yield on six-month treasury bills went up to 5.51 per cent on Wednesday as the State Bank sold more than the targeted amount of the bills, result...
Active trading on cotton market KARACHI, March 30: The cotton market on Wednesday witnessed active trading as some of the ginners tried to clear the backlog of inferior stuff before the release of latest lint figures...		Karachi Port operations KARACHI, March 30: Six ships carrying containers, general cargo and crude oil are expected to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves...
Dividend KARACHI, March 30: Askari Commercial Bank has decided to offer 20 per cent cash dividend plus 20pc bonus shares to its shareholders for the year 2004. The decision was taken at...		Oil prices dip LONDON, March 30: World oil prices fell sharply on Wednesday as US stocks data showed a strong rise in crude inventories to a level last seen in July 2002, easing supply...