24 April 2005	Sunday	14 Rabi-ul-Awwal 1426

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Banks to give Rs20bn for margin financing KARACHI, April 23: A consortium of 15 banks will pour in Rs20 billion into the stock market to help smooth transition from carryover transactions (COT) to more sophisticated and transparent margin...		Validity of KESC sell-off deal being questioned KARACHI, April 23: Questions are being raised and doubts are being expressed on the validity of the privatization deal of the Karachi Electric Supply Corporation (KESC) as the successful bidder...
Economic cooperation in Asia discussed BOAO (China), April 23: Businesspeople and officials met in China’s southern resort town of Boao on Saturday to discuss ways to promote economic cooperation in Asia. The emergence...		Govt urged to implement ECC decisions KARACHI, April 23: The textile ancillary industry has urged upon the government to immediately implement recently approved measures by the Economic Coordination Committee...
Earnings increase KARACHI, April 23: Jahangir Siddiqui Capital Markets Limited (JSCM) has announced a 254 per cent increase in earnings during nine months of the financial year 2004-05. A press release issued by...		Pakistan to export gram whole to India KARACHI, April 23: With the start of gram whole crop on a good prospect, some Pakistani traders have secured initial export orders from India to ship 400 to 500 containers...
Corporate results start coming in KARACHI, April 23: It’s the corporate reporting season. And while several heavyweights have already declared their results, a good many are still in the pipeline. The Board of Directors of Pakistan...		Cotton market remains steady KARACHI, April 23: With much of the attention of millers and exporters remained towards the tender opening of the Trading Corporation of Pakistan (TCP) the local cotton market remained steady but...
Pakistan to offer 20 offshore blocks for drilling KARACHI, April 23: Pakistan will offer 20 offshore blocks for oil and gas exploration at a conference next week in London, a government official said on Saturday. Pakistan will host the...		Import duties at zero level sought KARACHI, April 23: Exporters have called for cutting duties on import of raw materials to zero level for Pakistan’s increased share in international market through competitiveness. The chairman...
Deal signed for Karachi Port expansion ISLAMABAD, April 23: The Opec Fund for International Development and Pakistan International Container Terminal (PICT) have signed a private sector loan agreement of $6 million for the second phase of a...		Chilean govt to assist in setting up fruit farms ISLAMABAD, April 23: The Chilean government would help Pakistan Horticulture development and Export Board (PHDEB) in the establishment of a model fresh fruit farm in Pakistan. This was stated by Senior...
Public offerings of UBL in June ISLAMABAD, April 23: The government on Saturday decided to list the shares of United Bank Limited at the Karachi, Lahore and Islamabad stock exchanges and offer 10 per cent shares to...		Saudi Pak okays Rs597.5 million financing ISLAMABAD, April 23: The Board of Directors of Saudi Pak Industrial and Agricultural Investment Company has approved a total financing of Rs597.5 million to 11 companies in manufacturing....
Exploration activities in NWFP to start soon ISLAMABAD, April 23: Petroleum and Natural Resources Minister Amanullah Khan Jadoon said on Saturday the government was giving top priority to the speedy development of NWFP and oil...		SECP annual report 2004 presented to PM ISLAMABAD, April 23: Prime Minister Shaukat Aziz has said that the development of capital markets and their performance are an important pillar of the economy. The prime minister was talking to...
PM to open PDF on 25th ISLAMABAD, April 23: Prime Minister Shaukat Aziz will inaugurate a two-day Pakistan Development Forum (PDF)-2005 here at the Prime Minister’s Secretariat on April 25. Officials told APP that the PDF annual...		Kabul to issue two cell phone licences KABUL, April 23: Afghanistan said on Saturday it would open its mobile phone market in 2006 to two new companies, allowing more competition in one of the few booming sectors in...
Over 200 firms in run for MG Rover parts LONDON, April 23: More than 200 firms from places such as Southeast Asia, the Middle East, India and Russia have voiced an interest in buying parts of MG Rover, the failed...		Dollar lower against yen NEW YORK, April 23: The dollar fell to a one-month low against the Japanese yen on Friday amid growing speculation that China could soon revalue the yuan, a move expected to...