7 April, 2005	Thursday	27 Safar 1426

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EU offers tariff rate quota to Pakistan: Bedlinen export ISLAMABAD, April 6: The European Union has offered a tariff rate quota on Pakistan’s bedlinen exports to its member countries in order to reduce the impact of anti-dumping duty on the...		Cement makers raise prices by Rs5-10 KARACHI, April 6: Cement prices have been raised by Rs5 to 10 per bag by most producers and those who did not do so, had already raised prices in February this...
Pakistan-China accords Zero duty on 1,253 tariff lines by Jan 2008 ISLAMABAD, April 6: Pakistan and China have agreed to scale down customs duty to zero per cent on 1,253 tariff lines latest by January 1, 2008 under the Early Harvest Programme...		Stocks remain under pressure, shed 207 points KARACHI, April 6: Stocks on Wednesday remained under pressure as leading investors and financial institutions indulged in fresh profit-selling at the inflated levels on all counters under the lead of energy...
Current account deficit at $1.1bn KARACHI, April 6: Pakistan’s current account deficit, which stood at $886 million during July-December last year, rose to $1.114 billion in February this year, showing an increase of $228 million within...		UK helping Pakistan in reducing poverty KARACHI, April 6: British Deputy High Commissioner and Director UK Trade and Investment Hamish Daniel has said that if Pakistan is to meet the millennium development goals the apparent prosperity will...
Prices ease on cotton market KARACHI, April 6: Cotton prices on Wednesday eased modestly as spinners again kept to the sidelines and did not allow ginners to have a second thought how to exploit terribly lower...		Pilot project for speedy ST refund launched KARACHI, April 6: The Sales Tax Collectorate has recently launched a pilot project in Karachi, Lahore and Faisalabad to ensure speedy payments of refunds to exporters. This was...
Habib Bank offers VSS KARACHI, April 6: The officers and executives of privatized Habib Bank who want to opt for voluntary separation scheme (VSS) will now have a better package than one announced by the...		Karachi Port operations KARACHI, April 6: Four ships carrying maize seeds, chemical and containers are due to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was...
Port Qasim KARACHI, April 6: Two container vessels arrived at the outer anchorage during the last 24 hours, said PQA press release on Wednesday. Meanwhile, berthing activity was slow as only one ship...		MoU signed KARACHI, April 6: Citibank and Airblue Limited have signed a memorandum of understanding under which Citibank Clear Card members would get discounts and air miles on purchase of Airblue tickets. These...
Delay in refunds payment hits textile exports LAHORE, April 6: Scores of textile exporters from across the country are feeling “jittery” due to a delay in the payment of their sales tax refunds because of what they term...		Pakistan’s FY05 GDP to grow at 7pc: ADB ISLAMABAD, April 6: With sound macro-economic fundamentals achieved and key sectors strengthened by reforms implemented in the past 4-5 years, Pakistan is expected to sustain strong economic growth of at least...
DWP formed for State Engineering ISLAMABAD, April 6: The Ministry of Industries, Production and Special Initiatives has established a Development Working Party (DWP) for State Engineering Corporation (SEC), authorizing the corporation to sanction its own development...		China agrees to set up investment company ISLAMABAD, April 6: Pakistan and China on Wednesday signed a number of agreements in the fields of trade and investment and also agreed to establish a Joint Investment Company (JIC) in...
Investment treaty US team arriving in May ISLAMABAD, April 6: A high-level US delegation is arriving here in the third week of May to hold the final round of talks for signing a bilateral investment treaty (BIT) with...		Gas imports India may sign Energy Charter Treaty NEW DELHI, April 6: India should consider signing the Energy Charter Treaty to ease the import of piped natural gas, a top oil ministry official said on Wednesday. He said Iran...
World Bank, IMF see slowing economic growth WASHINGTON, April 6: Global economic growth is expected to cool slightly in 2005 after the strongest pace of expansion in last four years, the World Bank said on Wednesday, while the...		Asian stocks mixed HONG KONG, April 6: Asian stocks gave Wall Street’s positive lead limited attention on Wednesday with local concerns over cooling economies and corporate earnings undermining New York’s improved performance. Dealers said...