April, 1 2005	Friday	21 Safar 1426

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Export finance rate rises to 6.5pc KARACHI, March 31: The State Bank has increased its export refinance rate by half a percentage point to 5 per cent for April 2005, which means that exporters will get export...		NFC meeting not yet convened: Budget makers in quandary KARACHI, March 31: Planners and budget makers in Karachi and Quetta are in a quandary as the current fiscal year 2004-05 enters on Friday the fourth and the last quarter with...
Pakistan failed to ratify some conventions: GSP Plus scheme KARACHI, March 31: Monsieur Jean Yves Berthault, Consul General of French Republic, said on Thursday that there had been no bias against Pakistan that could not qualify for GSP Plus only...		FPCCI functioning ‘without rules’: Arbitration tribunals KARACHI, March 31: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex body of trade and industry, is functioning without any laws and rules regarding the arbitration tribunals....
BankIslami gets SBP licence KARACHI, March 31: The State Bank on Thursday allowed BankIslami Pakistan to start operations as a full-fledged Islamic bank....		Rs398.2bn collected in 9 months ISLAMABAD, March 31: The CBR collected Rs398.2 billion during July-March period of the current fiscal year against the target of Rs395.8 billion, indicating a growth of 0.6 per cent....
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SECP task force to identify factors ISLAMABAD, March 31: The Securities and Exchange Commission of Pakistan (SECP) has constituted a task force to investigate and identify the factors that led to the recent stock market crisis and...		Stocks fall again like ninepins KARACHI, March 31: The KSE 100-share index on Thursday failed to sustain the recent gains and reacted by 315.23 points or 4 per cent on renewed profit-selling by leading market players...
ZTBL announces Rs51bn credit plan ISLAMABAD, March 31: Zarai Taraqiati Bank Limited (ZTBL) has announced a Rs51 billion agriculture credit plan for the year 2005, a 31 per cent higher than its Rs39 billion target for...		Oil up on speculative buying LONDON, March 31: World oil prices surged Thursday, pushed upwards by a wave of speculative buying, with interest ignited by a Goldman Sachs study that suggested levels of more than 100...
Pakistan to attend IMF-WB meetings WASHINGTON, March 31: A high-powered Pakistani delegation will visit Washington in mid-April to attend spring meetings of the World Bank and the International Monetary Fund....		Prices stay firm on cotton market KARACHI, March 31: Cotton market on Thursday showed firm trend as spinners and mills remained active buyers, notably for fine lots at the current levels but inferior stuff was neglected in...
Asian stock markets fare better HONG KONG, March 31: Asian stocks fared better on Thursday after recent losses, posting solid gains as a Wall Street rebound inspired a cautious rally ahead of key US economic data...		Palm oil ends off highs KUALA LUMPUR, March 31: Malaysian crude palm oil futures ended off their highs on Thursday after a rally spurred by soyaoil prices and friendly export numbers was offset by profit-taking....
Dollar drops ahead of key data LONDON, March 31: The dollar fell against leading currencies on Thursday amid caution before publication of key US employment data, and after disappointing economic growth figures....		Karachi Port operations KARACHI, March 31: Berthing activity at the Karachi port on Thursday was maintained on the higher side as agencies tried to clear the backlog of ships awaiting berths on the outer...