2 April, 2005	Saturday	22 Safar 1426

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Levies on oil trade may go: OMCs commission to stay KARACHI, April 1: With no visible signs of any respite from the rising trend of international oil prices in the foreseeable future, because of the ever widening gulf between supply and...		SBP tightens exchange companies monitoring KARACHI, April 1: The State Bank has decided to tighten monitoring of foreign exchange companies to curb smuggling of foreign currencies, which in the past has led to shortage of dollars...
SECP sets exposure limit at one per cent ISLAMABAD, April 1: The three stock exchanges have failed to submit their reports to the Securities and Exchange Commission of Pakistan (SECP) regarding their proposed demutualization on Thursday. The Islamabad, Karachi...		Asian Bank help sought to boost farm export ISLAMABAD, April 1: Pakistan is fast loosing its share in the world’s agricultural exports because of not meeting quality standards determined by the World Trade Organization (WTO), it is learnt. nformed...
Afghanistan seeks investment QUETTA, April 1: Afghanistan International Chamber of Commerce President Hamid Qadari has said the expansion of trade between Pakistan and Afghanistan will strengthen economic ties between business communities of both the...		Lengthy taxation procedures hurting investment ISLAMABAD, April 1: Central Board of Revenue Chairman M. Abdullah Yousuf on Friday admitted that the existing cumbersome and lengthy taxation procedures were creating hurdles in the way of foreign and...
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Pakistan, China to sign 10 accords ISLAMABAD, April 1: Pakistan and China will sign 10 agreements worth billions of dollars including Early Harvest Programme, cooperation in the field of defence, tourism, economic and trade cooperation, and road...		Banks asked to appoint coordinators: Basel II implementation KARACHI, April 1: The State Bank has asked banks and development finance institutions (DFIs) to prepare for smooth transition from present capital adequacy framework towards more risk sensitive new capital adequacy...
Dutch firm interested in food sector ISLAMABAD, April 1: A six-member delegation led by Mr Clever, head of SHV Holdings, a Dutch company, held a meeting with Board of Investment (BoI) Chairman Waseem Haqqie on Friday and...		Oil surges LONDON, April 1: World oil prices soared on Friday, underpinned by worries about a lack of US refining capacity and building on strong gains caused by a banking study that forecast...
KSE 100-share index sheds another 173.46 points KARACHI, April 1: Stocks on Friday resisted larger decline on stray support on most of the undervalued counters at the lower levels, enabling the market to finish well above the day’s...		Cotton market lacks lustre KARACHI, April 1: Trading activity on the cotton market on Friday remained relatively slow partly because of the absence of leading spinners and partly to a short Friday session. However, some...
Karachi Port operation KARACHI, April 1: Five ships, carrying containers and soyabean meal and to load 10,000 tons of cement, are due to arrive at the outer anchorage on Saturday, according to KPT sources....		Port Qasim KARACHI, April 1: Four ships carrying containers, chemicals and diesel oil were allotted berths during the last 24 hours, said a PQA press release on Friday. Meanwhile, three more ships, Ace-7,...
Citigroup tops list NEW YORK, April 1: US banking giant Citigroup tops the list of the world’s biggest companies, Forbes magazine said, using a ranking on a formula including sales, profits, assets, market value....		Palm oil ends down 2.2pc KUALA LUMPUR, April 1: Malaysian crude palm oil futures fell more than two per cent on Friday, weighed down by lower prices of rival soyaoil. Players also liquidated positions after the...