30 April 2005	Saturday	20 Rabi-ul-Awwal 1426

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Task force formed to privatize PS by Dec ISLAMABAD, April 29: The government has formed a six-member task force to privatize Pakistan Steel by December 30, 2005. “I am heading this task force having members from my ministry and...		UBL stock offer could be at Rs45 per share KARACHI, April 29: The Privatisation Commission (PC) is likely to price the Initial Public Offering (IPO) of United Bank Limited (UBL) somewhere between Rs 40 to Rs 50 per share, when...
Prices of sugar and market realities KARACHI, April 29: All along the current sugarcane crushing season, from November 2004 to April 2005, millers have been fighting on three fronts — cane growers, the government and consumers. The...		Chinese split AC captures local market KARACHI, April 29: The domestic appliances market has undergone a tremendous change in the last two years in which one of the most significant changes is the wiping out of window...
EU mulling trade agreements with Asian states SINGAPORE, April 29: The European Union will consider bilateral free trade agreements (FTAs) with Asian nations, EU Trade Commissioner Peter Mandelson said here on Friday, amid a continuing impasse in global...		Bangladesh fails to check rising inflation DHAKA, April 29: Inflation in Bangladesh crept up again in February, but the economists believe that is unlikely to ease in the coming months despite IMF backed ‘orthodox’ effort of the...
Banking Mohtasib functions from Monday KARACHI, April 29: The office of the Banking Mohtasib (ombudsman) Pakistan will start functioning from Monday, State Bank Governor Dr Ishrat Husain told reporters here at a joint press conference with...		Govt urged to cut GST to 12.5pc ISLAMABAD, April 29: The Islamabad Chamber of Commerce and Industry (ICCI) has proposed to the government to slash the rate of general sales tax (GST) to 12.5 per cent in budget...
Sindh Alkalis sold for Rs461m KARACHI, April: Sindh Alkalis, a public sector concern in liquidation, fetched the highest bid of Rs461 million on Friday. The auction was conducted by the Sindh High Court official assignee in...		Malaysians interested in real estate ISLAMABAD, April 29: A Malaysian trade delegation has shown interest in making investment in various sectors particularly in the real estate in Pakistan. The 12-member Malaysian delegation, led by Malaysia Construction...
Oil prices fall LONDON, April 29: World oil prices continued to fall on Friday ahead of the long weekend, remaining around $52 a barrel in New York and London after dropping on weak US...		US consumer spending, incomes up WASHINGTON, April 29: US consumer spending and personal incomes both rose by solid margins in March, according to a government report on Friday released days before Federal Reserve policymakers meet. Spending...
Proposals for modaraba floatation discussed ISLAMABAD, April 29: The first meeting of the newly constituted Religious Board for Modarabas held on Friday and discussed proposals for adoption of new business clauses by various modarabas. The meeting...		Asian stock markets lower HONG KONG, April 29: Asian stocks closed flat to lower on Friday after disappointing US first quarter growth figures muddied the outlook even further for investors hoping that the data would...
Stocks shed 39.83 points as investors play safe KARACHI, April 29: Stocks finished the weekend session on an easy note as leading investors played on both sides of the market indulging in alternate bouts of buying and selling in...		Trading improves on cotton market KARACHI, April 29: Physical activity on the cotton market on Friday showed a slight improvement as a section of central Sindh ginners tried to sell their unsold stock of inferior lots...
Karachi Port operations KARACHI, April 29; Three ships carrying containers, general cargo and to load naptha are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing at the wharves...		Port Qasim KARACHI, April 29: Two vessels carrying containers and general cargo were berthed at QICT and Marginal Wharf during the last 24 hours, according to a PQA press release on Friday. Meanwhile,...