10 April 2005	Sunday	30 Safar 1426

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PM predicts industrial Pakistan in five years CHAKWAL, April 9: Prime Minister Shaukat Aziz on Saturday predicted a very prosperous and industrial Pakistan in the next five years....		Pakistan losing share in global knitwear market LAHORE, April 9: Pakistan is fast losing its share in the global knitwear market because of higher cost of production since the abolition of textile quotas under the WTO regime from...
India may raise issue of PTA with Pakistan ISLAMABAD, April 9: India is likely to raise the issue of preferential trade arrangement (PTA) with Pakistan during the upcoming visit of President Pervez Musharraf to New Delhi....		Exports to Kabul rise to $422.5m KARACHI, April 9: Pakistan’s exports to Afghanistan rose to $422.5 million in July-February 2004-05, from $223.8 million in a year-ago period....
Prices of plots fall by 25pc in DHA KARACHI, April 9: The rates of plots continue to face a plunge in the city’s most posh locality – Defence Housing Authority (DHA) - suffering a decline of 20-25 per cent...		Elusive sell-off of PSO KARACHI, April 9: The Privatization Commission appears to have pushed forward its earlier deadline of June 30, 2005 for the sale of both Pakistan State Oil (PSO) and Pakistan Telecommunication Company...
New draft act to replace old excise law KARACHI, April 9: The Central Board of Revenue on Saturday unveiled simple and self-compliant draft proposal of Federal Excise Act 2005 to replace the Central Excises Act 1944, which is not...		SBP to increase interest rate KARACHI, April 9: The State Bank will increase interest rate to cut the rising inflation and provide relief to the poor and fixed income group people, said SBP Governor Dr Ishrat...
KSE to submit proposal to SECP: Futures market ISLAMABAD, April 9: The member directors of the Karachi Stock Exchange Board led by its chairman Yasin Lakhani on Saturday met SECP Chairman Dr Tariq Hassan and Commissioner Shahid Ghaffar and...		IGATEX 2005 from 13th KARACHI, April 9: The International Textile Machinery and Accessories Exhibition (IGATEX) Pakistan 2005 will commence at the Karachi Expo Centre from April 13....
MNAs visit to cost Rs7.8m to exchequer: WTO symposium ISLAMABAD, April 9: A large contingent of parliamentarians is expected to leave for Geneva in the third week of current month to attend the WTO annual symposium, sources told Dawn on...		New York cotton settles firmer on trade buying, switches NEW YORK, April 9: Cotton futures finished firmer Friday on trade buying, with switch trade a top feature as investors got out of spot May before it goes into delivery on...
World Bank’s IFC arranges loan for Turkey’s Arcelik WASHINGTON, April 9: The World Bank’s financing arm said on Friday it signed a deal to provide a 160 million euro loan to Turkish household appliance maker Arcelik to fund...		COMEX gold ends higher NEW YORK, April 9: US gold futures settled a whisker higher on Friday as the dollar gave back earlier gains against the euro, raising bullion’s allure for investors, traders said....
No need for output hike after oil prices slip: Opec KUWAIT CITY, April 9: Opec president Sheikh Ahmed Fahd al-Sabah said on Saturday there was no need for an imminent output increase after oil prices eased, but he believed the market...		Japan-Chile free-trade GINOWAN, Japan, April 9: Japan told Chile on Saturday that it would look thoroughly at the possibility of a free-trade agreement, while Uruguay also called for ways to boost commercial links...
US stocks close lower NEW YORK, April 9: US stocks closed lower on Friday, snapping a four-day win streak, hurt by declines in General Motors and AIG shares, while energy companies faltered as the price...		BD economy to grow 5.2pc this year: IMF DHAKA, April 9: The International Monetary Fund (IMF) forecast on Saturday the Bangladesh economy would grow at a modest 5.2 per cent in the 2004-2005 financial year despite floods and high...
Dollar eases against euro, yen in technical trading NEW YORK, April 9: The dollar eased against the euro and the yen on Friday reversing early gains, as traders sold the US currency as it broke through a key technical...		S. Arabia to take up WTO entry talks with US next week WASHINGTON, April 9: Top US and Saudi officials will meet next week on Riyadh’s bid to join the World Trade Organization, the US Trade Representative’s Office said on Friday as talks...