29 April 2005	Friday	19 Rabi-ul-Awwal 1426

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Pak-Arab Fertilizer, NRL sell-off in 6 months LAHORE, April 28: Federal Minister for Privatization and Investment Dr Abdul Hafeez Sheikh on Thursday said that the Pak-Arab Fertilizer Ltd (PAFL), National Refinery Ltd and Carrier Telephone Industries...		Textile exports grow 1pc in eight months KARACHI, April 28: Pakistan’s textile exports increased less than one per cent in eight months of this fiscal year to $5.208 billion from $5.158 billion in the comparable period of the...
Stocks lack follow-up support, down 131 points KARACHI, April 28: Stocks on Thursday failed to extend overnight run-up as follow-up support turned shy despite reports of higher corporate earnings and bonus shares by some of the leading companies,...		Interest rates hike not to affect growth LAHORE, April 28: The State Bank Governor Dr Ishrat Hussain on Thursday said the interest rates hike would not affect investment climate and economic growth in the country.“We will keep tightening...
Chinese stationery swarms market KARACHI, April 28: Smuggled Chinese stationery items have made deeper inroads in the domestic market, and their presence can be gauged from the fact that a customer can have 5-10 Chinese...		State Oil profit up by 43pc to Rs4.3bn KARACHI, April 28: Pakistan State Oil (PSO) announced on Thursday financial results for the nine months period (July-March 2004-05), posting profit after tax (PAT) at Rs4.3 billion. The PAT was up...
ICI to invest Rs915m in soda ash plant KARACHI, April 28: ICI Pakistan to invest Rs915 million in expansion of its Soda Ash plant at Khewra. The new investment will increase the capacity of the plant by 50,000 tons...		SBP urged to de-link finance rate from TBs KARACHI, April 28: Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) has urged the State Bank to de-link the export refinance rate from Treasury Bills (TBs) as their yield has been...
Cotton market lacks lustre KARACHI, April 28: Quieter conditions prevailed on the cotton market on Thursday as both buyers and sellers held on to their respective positions, waiting apparently blinking by those who are at...		PIA AGM held KARACHI, April 28: Pakistan International Airlines Corporation (PIAC) Chairman Tariq Kirmani on Thursday vowed to improve the profitability and services of the national carrier. Addressing the 48th Annual General Meeting of...
MNCs keen to invest in oil, gas sector ISLAMABAD, April 28: The chief executives of various oil and gas exploration companies held separate meetings with Minister for Petroleum and Natural Resources Amanullah Khan Jadoon in London and expressed their...		Tariff relief from US sought ISLAMABAD, April 28: Pakistan has urged the United States to offer tariff concessions on import of goods similar to those which Washington granted to five blocks of the world. Officials told...
SECP report silent on firms giving no dividends ISLAMABAD, April 28: The Securities and Exchange Commission of Pakistan’s annual report 2004 is silent about the records of those companies that made considerable profits last year but never declared dividends....		TCP asked to float tender for lint sale ISLAMABAD, April 28: The Ministerial Committee on Disposal of Cotton has directed the Trading Corporation of Pakistan (TCP) to issue the next tender immediately for local and foreign sale of cotton....
Loan facility MUSCAT, April 28: Oman’s Sohar International Urea and Chemical Industries (SIUCI) has signed a $440 million loan with a consortium led by a Japanese bank for a fertilizer project, newspapers reported...		Oil prices fall LONDON, April 28: World oil prices continued to fall on Thursday in the wake of higher-than-expected crude stocks data from the United States that eased supply worries, dealers said. New York’s...
Palm oil lower BANGKOK, April 28: Malaysian crude palm oil futures fell almost one per cent on Thursday on long liquidation, dealers said. The Bursa Malaysia Derivatives’ benchmark third-month palm oil contract...		Karachi Port operations KARACHI, April 28: Four ships, including two tankers carrying palm and crude oil, are due to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the...