22 April 2005	Friday	12 Rabi-ul-Awwal 1426

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ADB warns against rising inflation: Pakistan update ISLAMABAD, April 21: The Asian Development Bank (ADB) has asked the government to curb rising inflation by rigorously pursuing prudent...		Auto vendor industry invests Rs5-6bn KARACHI, April 21: The auto vendor industry has so far invested Rs5-6 billion during the current fiscal year, besides opening 25 per cent new job avenues. The total investment till the...
Recovery drive continues on stock market KARACHI, April 21: Stocks on Thursday finished with an extended gain but well below the session’s best levels on late-selling triggered by Friday’s closure on account of Eid-e-Milad-un-Nabi. After early rising...		Terms to qualify for futures contract KARACHI, April 21: The board of directors committee of Karachi Stock Exchange in a meeting with the Commissioner (SM) Thursday decided that from May 2005, no scrip shall qualify for futures...
Power outage hits marble industry KARACHI, April 21: Marble industries in Karachi are facing problems due to frequent power outage owing to low capacity of transformer of 250 kv supplied by the KESC at the Qasba...		State Bank sucks in Rs5.5bn KARACHI, April 21: The State Bank on Thursday sucked in Rs5.5 billion from the interbank market in the third-in-a-row open market operation it conducted to reduce liquidity levels. The central bank...
Higher lint prices keep buyers away KARACHI, April 21: Quietly steady trading conditions were witnessed on the cotton market on Thursday as ginners raised their asking prices in line with the New York cotton futures. “New York...		World Trade Centres KARACHI, April 21: Karachi and Mumbai World Trade Centres have agreed to exchange professional experience and business opportunities for industrial and technological advancement of the...
Bank profit KARACHI, April 21: The Faysal Bank earned a pre-tax profit of Rs1.258 billion during January-March 2005, more than double from what it had earned in a year-ago period. The earning per...		Meezan Fund KARACHI, April 21: The Meezan Islamic Fund earned net income of Rs566 million during July-March 2004-05 up from Rs220m it had earned in a little less than first eight months of...
Export awards LAHORE, April 21: The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) will hold its 7th Export Excellence Awards-2004 on April 26 (Tuesday). According to a Prgmea spokesman...		Measures to boost textile exports approved ISLAMABAD, April 21: The government has approved a string of measures including the projected compensatory rebate of Rs8 billion for supporting the textile garment exports. Officials told Dawn...
Gas terminal NEW DELHI, April 21: Anglo-Dutch oil giant Royal Dutch/ Shell and French energy group Total launched a liquefied natural gas terminal on Thursday as part of India’s efforts to shift factories...		Oil falls as market sees no shortage LONDON, April 21: World oil prices fell on Thursday as markets reckoned on there being sufficient crude supplies despite a drop in US inventories for the first time in more than...
Dollar marks time LONDON, April 21: The dollar marked time on Thursday as markets ignored an improvement in the US labour market and focused on the possibility of slow US growth alongside high inflation,...		US budget WASHINGTON, April 21: US Federal Reserve Chairman Alan Greenspan warned on Thursday that the long-term federal budget picture is unlikely to improve unless Congress takes “major deficit-reducing...
Gold eases slightly LONDON, April 21: Gold prices eased in Europe on Thursday, but the market stayed near to one-month highs with sentiment closely tied to currencies as the dollar tried to regain some...		EU mulls brakes on Chinese textile imports BEIJING, April 21: Chinese textile exports to the European Union rose “only” 50 per cent in the first three months of the year, Premier Wen Jiabao said on Thursday as the...
Karachi Port operations KARACHI, April 21: Two tankers carrying chemicals and crude oil are due to arrive at the outer anchorage on Friday, according to KPT sources. Meanwhile, berthing at the wharves was maintained...		Port Qasim KARACHI, April 21: Two container ships were accommodated berths at QICT during the last 24 hours, said a PQA press release on Thursday. Berth occupancy was low as only three ships,...