27 April 2005	Wednesday	17 Rabi-ul-Awwal 1426

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Aziz sees 7.5pc GDP growth this fiscal ISLAMABAD, April 26: Prime Minister Shaukat Aziz on Tuesday predicted about 7.5 per cent GDP growth during the current fiscal that would take the country among top ten countries of Asia....		UK investors offered 20 exploration blocks LONDON April 26: Petroleum and Natural Resources Minister Amanullah Khan Jadoon on Tuesday urged British businessmen to exploit the untapped potential of 27 billion barrels of oil and 280 trillion cubic...
Stocks recover 167 points KARACHI, April 26: Stocks on Tuesday recovered from the recent lows boosted by higher interim dividend by the OGDC and a massive increase in after tax profit of PTCL and PPL...		Return non-filers face legal action: Trade bodies KARACHI, April 26: The Securities and Exchange Commission of Pakistan (SECP) has initiated legal action against trade bodies who have not filed...
Restructuring of FPCCI on cards KARACHI, April 26: The process of reforming and restructuring the apex trade body, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has been set in motion and members have...		IFC stake in PPL converted to CDC KARACHI, April 26: The International Finance Corporation (IFC) -– a private sector arm of the World Bank -– that holds second largest equity stake in Pakistan Petroleum Limited (PPL) appears to...
China to invest in mining, livestock KARACHI, April 26: An eight-member Chinese team, led by Director General Livestock Bureau and Chairman Yantai Kaida Livestock Co Ltd, Qu Xize, has shown interest in investment in mineral...		Indian chambers’ team due on May 23 KARACHI, April 26: The Federation of Indian Chambers of Commerce and Industry (FICCI) is sending a high-level trade delegation to Pakistan from May 23-28, 2005. FICCI President Onkar...
Lucky Cement earns Rs813m KARACHI, April 26: Lucky Cement has earned a profit before tax of Rs813 million during the July-March 2004-05 compared to Rs664 million in the corresponding period of last fiscal, up by...		Bids rejected KARACHI, April 26: The State Bank of Pakistan said it had rejected all bids in a two-day repo offer on Tuesday. The central bank did not give a reason for rejecting...
Slow trading on cotton market KARACHI, April 26: Physical activity on the cotton market on Tuesday was light as spinners and mills remained busy in updating their bid prices in line with benchmark price of TCP....		State Life secures Rs478m business KARACHI, April 26: State Life Insurance Corporation of Pakistan (Slic) has secured Rs478 million as first year premium (new business) by providing financial protection to more than 47,615 new policyholders and...
Oil prices drop LONDON, April 26: World oil prices dropped almost a dollar on Tuesday on reassuring comments from Opec kingpin Saudi Arabia that it might increase output should demand rise further, following high-level...		Palm oil lower BANGKOK, April 26: Malaysian crude palm oil futures ended down half a per cent on Tuesday as investors struggled to find clear direction in a thinly-traded market. Dealers said the lethargic...
Karachi Port operations KARACHI, April 26: Ten vessels including a rice loader are expected to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was active where...		Port Qasim KARACHI, April 26: Four ships carrying containers, edible oil, diesel oil and chemicals were accommodated berths at QICT, MPT, Fotoco and EVT during the last 24 hours, said a PQA press...