28 April 2005	Thursday	18 Rabi-ul-Awwal 1426

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SBP allows banks to give wheat loans KARACHI, April 27: The State Bank has allowed banks to offer loans to traders and flour millers for the purchase of wheat...		Sale of substandard TV sets on rise KARACHI, April 27: Sale of substandard colour TV sets is gaining popularity among the masses due to low price tags, thus proving boon for the price...
Buying spree continues on stock market KARACHI, April 27: Stocks on Wednesday finished with an extended gain as followed up support in the energy shares generated a lot of covering purchases on the other blue chip counters...		Govt asked to do away with restrictions: Registration with MCA LAHORE, April 27: The government must amend the monopoly laws to do away with the archaic restriction, requiring a private or public company...
Centre may accept tax collection as criterion: Resources distribution KARACHI, April 27: The federal government is understood to have agreed in principle the Sindh’s demand to include revenue collection...		NBP posts Rs12bn pre-tax profit KARACHI, April 27: National Bank has posted a highest ever pre-tax profit of Rs12 billion during 2004, showing an increase of Rs 3 billion or 33 per cent over last year....
Hubco profit down KARACHI, April 27: Hub Power Company Limited (Hubco) on Wednesday announced a net profit at Rs1,276 million for the third quarter ended March 31, 2005, which translated into earning per share...		Rs7.882bn 6-month TBs sold KARACHI, April 27: Yields on Pakistan’s benchmark Treasury bills rose by nearly one-and-a-half percentage points at an auction on Wednesday, as the central bank reinforced its aggressive stance against rising....
Prices rule firm on cotton market KARACHI, April 27: Cotton prices on Wednesday ruled firm as ginners appear to be in no hurry to sell their stocks but firmly held on to them amid predictions of heating...		Exports to cross $14bn, claims Humayun ISLAMABAD, April 27: Federal Commerce Minister Humayun Akhtar Khan claimed on Wednesday that export would cross $14 billion during the current fiscal year against the target of $13.7 billion...
Charter for valuation department approved ISLAMABAD, April 27: The government has formally approved a charter of function of the director general of customs valuation for the effective implementation of the World Trade Organization (WTO) Valuation...		Marketing officers for 4 S. American countries ISLAMABAD, April 27: The government has decided to appoint marketing officers in the four South American countries for exploring and identifying markets for the export of core products...
Rs106m approved for CEPT ISLAMABAD, April 27: The Board of Administrators of Export Development Fund (EDF) on Tuesday approved Rs106 million for completion of the Combined Effluent Treatment Plant (CETP) for Korangi tanneries...		Increase in duty sought ISLAMABAD, April 27: The National Tariff Commission (NTC) is considering a proposal to revise upward customs duty to 25 per cent from 20 per cent on import of chrome pigment...
Phone firm to increase investment ISLAMABAD, April 27: Telenor is making huge investments in building state of the art and environment-friendly infrastructure as it is committed to providing high quality services to the customers...		German firm to invest in Sialkot SIALKOT, April 27: A German multinational investor company Metro group has shown keen interest in making maximum investment in Sialkot, besides launching some joint ventures in different fields...
Airline profit jumps DUBAI, April 27: Dubai’s airline Emirates Group made record net profits of 2.6 billion dirhams ($708m) for the financial year to March 31, a whopping 49-per cent rise on the previous year despite high oil prices....		Oil sheds more than $1 on US stock data LONDON, April 27: World oil prices fell on Wednesday as traders digested a sharp rise in United States crude stocks and a smaller-than-expected drop in gasoline reserves....
Asean nations agree to study FTA with EU HANOI, April 27: Economic ministers from Southeast Asian nations ended a meeting in Vietnam on Wednesday agreeing to study a potential free trade agreement (FTA) with the European Union...		Karachi Port operations KARACHI, April 27: Five ships carrying containers and general cargo are expected to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was brisk...