15 April 2005	Friday	05 Rabi-ul-Awwal 1426

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Wheat being sold below official rate of Rs400 KARACHI, April 14: Wheat is being sold at Rs380 to Rs390 for 40 kg in the open market as against Rs400 officially fixed prices. Officials, traders and millers predict a further...		Trade with India linked to politics: Humayun WASHINGTON, April 14: Pakistan’s trade with India is linked to the political situation and the trade talks will continue only as long as the political dialogue continues, Commerce Minister Humayun Akhtar...
KSE 100-share index recovers another 79 points KARACHI, April 14: Stocks on Thursday finished with an extended gain on active fresh short-covering in most of the low-priced second-tier shares amid hopes of capital appreciation but with lesser chances...		WB warns of increase in public debt ISLAMABAD, April 14: The World Bank has warned that public debt burdens could increase significantly in South Asia given the sizable fiscal imbalances in some countries. In its...
First conversion of closed to open-end fund KARACHI, April 14: Pakistan Capital Market Fund (PCMF) —- a closed-end mutual fund under management of Arif Habib Investments — proposes to convert to an open-end fund, the first such conversion...		French exports to Pakistan grow by 42pc KARACHI, April 14: French Consul General Jean-Yves Berthault on Thursday said that the trade relations between Pakistan and France had improved as his country has registered 42 per cent growth in...
Germany’s SMEs team to visit Pakistan KARACHI, April 14: A delegation consisting of small and medium enterprises from Germany will visit Pakistan in October this year. This was informed by German parliamentarian Klaus-Werner Jonas in a meeting...		Islamic Economic Forum in October KARACHI, April 14: Asian Strategic Leadership Institute President Mirzan Mahathir has invited Pakistani businessmen, academicians and NGOs to the World Islamic Economic Forum (WIEF) to be held on October 1-3, 2005...
Prices stable on cotton market KARACHI, April 14: Cotton prices on Thursday remained stable around the previous levels despite the fact that spinners and mills again kept to the sidelines for most of the time. “Price...		EPB sees $1bn export to four S. American states KARACHI, April 14: Minister of State and Export Promotion Bureau Chairman Tariq Ikram sees an export potential of one billion dollars a year for Pakistan in four South American countries —-...
HBL’s VSS for officers, executives KARACHI, April 14: The Habib Bank Ltd has revised voluntary separation scheme (VSS) for its officers and executives. A letter issued by the bank management to all branch managers says that...		2 petroleum exploration licences granted ISLAMABAD, April 14: The government on Thursday granted two petroleum exploration licences to Mari Gas Company Limited (MGCL) over Block Nos. 3271-1 (Karak) and 2971-4 (Noor) covering an area of 2335.18...
Oil prices increase LONDON, April 14: World oil prices rallied on Thursday after tumbling overnight to about $50 a barrel owing to easing supply concerns in the United States. New York’s main contract,...		Chinese textile export BRUSSELS, April 14: The European Union’s executive arm hopes China will impose voluntary restrictions on its textile exports by June if the EU opens a probe on April 25 into a...
EU budget rules WASHINGTON, April 14: International Monetary Fund chief Rodrigo Rato on Thursday launched a veiled attack on reforms to the eurozone’s enfeebled budget rules that were rammed through by France and Germany....		Japan, India take first step toward free trade TOKYO, April 14: Japan and India on Thursday took a first step to a possible free trade deal with an agreement to spend a year looking at the effects of a...
Karachi Port operations KARACHI, April 14: Five ships carrying containers, general cargo and to load naphtha are due to arrive at the outer anchorage on Friday, according to KPT sources. Owing to steady arrivals...		Port Qasim KARACHI, April 14: Brisk cargo handling activity was observed at the port where a cargo volume of 74,658 tons comprising 57,086 tons of import and 17,572 tons of export tonnage was...