16 April 2005	Saturday	06 Rabi-ul-Awwal 1426

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Port Qasim charges cut by 10-15pc KARACHI, April 15: The Port Qasim has reduced its charges, both wet and ancillary, on an average by 10 to 15 per cent with immediate effect. The reduction in charges, which...		Jobs in car industry to go up by 25pc KARACHI, April 15: The boom in the car industry continues to open new job avenues and the number of direct employment in the five car companies will reach to 6,480 in...
Stocks rise by 310 points on COT financing reports KARACHI, April 15: Stocks on Friday staged a broad rally for the third session in a row on fresh heavy buying triggered by reports that COT financing in some specific scrips...		No signs yet of NFC meeting: NEC meets next month KARACHI, April 15: Pakistan’s supreme economic body, the National Economic Council (NEC) is expected to hold its annual session in second or third week of May — tentatively May 15 —...
SITE area facing water, power shortage KARACHI, April 15: Against 30 million gallons a day (mgd) of water requirement the SITE industrial area is getting only eight mgd from the Karachi Water Sewerage Board, and the shortfall...		Insipid conditions on cotton market KARACHI, April 15: Cotton market on Friday passed through another dull session as spinners and mills were again conspicuous by their absence apparently awaiting official word from the TCP on its...
Brazilian oil company on fact-finding mission ISLAMABAD, April 15: Federal Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon has invited Petrobras, the largest Brazilian oil and gas company, to invest in oil and gas sector. He...		EoIs invited for PECO land ISLAMABAD, April 15: The Privatization Commission has invited Expressions of Interest (EOIs) from the interested parties to participate in the bidding process for purchase of the land at Badami Bagh, Lahore...
34 companies fined ISLAMABAD, April 15: The Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) found 34 companies violating different rules during last month. Out of these, eight companies were fined...		Climate for investment conducive, says PM FAISALABAD, April 15: Prime Minister Shaukat Aziz on Friday said that the business friendly policies of the government had brought substantial foreign investment in the industrial sector, ushering in a new...
CBR to bring pending suits to zero level PESHAWAR, April 15: Central Board of Revenue Chairman Abdullah Yousuf has said that law suits pending with income tax tribunals will be reviewed to determine their merit and those lacking valid...		MTU starts functioning in Peshawar PESHAWAR, April 15: A Medium Taxpayer’s Unit (MTU) set up by the Central Board of Revenue (CBR) with a view to facilitate taxpayers and business community of the city became functional...
G7 moot faces sharp differences on growth WASHINGTON, April 15: Senior finance officials from the Group of Seven industrialized nations open talks here later Friday facing sharp differences on how to galvanize global growth and attack crippling poverty...		Aircraft subsidies WASHINGTON, April 15: The United States said on Friday it remained willing to negotiate with Europe to resolve a bitter trade row over aircraft subsidies, but warned its patience was running...
Talks in US focus on FTA, access to market WASHINGTON, April 15: Federal Commerce Minister Humayun Akhtar Khan said on Friday that he had urged US officials to grant greater market access to Pakistani goods and to enter into a...		Palm oil up KUALA LUMPUR, April 15: Malaysian crude palm oil futures were up in thin trade on Friday after data showed palm oil exports recovering from a weak start in April. ...
Karachi Port operations KARACHI, April 15: Five ships carrying steel coils, lube oil, and containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity...		Port Qasim KARACHI, April 15: Brisk berthing activity was observed at the port where three ships carrying containers and edible oil were accommodated berths during the last 24 hours, said a PQA press...