1 May 2005	Sunday	21 Rabi-ul-Awwal 1426

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Rs4bn food security plan soon: ADB to extend Rs1.8bn ISLAMABAD, April 30: The government would soon launch Rs4 billion “food security” programme aimed at achieving self-reliance in agricultural commodities. Official sources told Dawn that ADB has agreed to extend Rs1.8 billion for Rs4 billion programme which also aimed at improving productivity ...		Prices of essentials keep rising KARACHI, April 30: Prices of potato, tomato, mash, moong, masoor and poultry products increased in the last one month, while rates of onion, gram pulse and flour varieties showed downward trend A random market survey from April 1 to April 30 revealed that the price of potato increased by Rs4 per kg to Rs16 from Rs12 per kg....
Export finance rate shoots up to 8pc KARACHI, April 30: The State Bank has increased export refinance rate by one-and-a-half percentage points to 6.5 per cent for May 2005, up from five per cent in April. As a a result, exporters will get export loans from banks at eight per cent in May, up from 6.5 per cent in April....		38 parties submit EoIs for Mustehkam Cement ISLAMABAD, April 30: Privatization and Investment Minister Dr Abdul Hafeez Shaikh while announcing the results of invitation for expression of interest (EoI) from the prospective investors and business houses to privatize Mustehkam Cement Limited (MCL)...
Koizumi vows to bolster trade ties ISLAMABAD, April 30: Japanese Prime Minister Junichiro Koizumi on Saturday appreciated the contribution of Japanese firms in Pakistan and vowed to further expand trade and economic ties between the two countries....		Urea demand grows by 10pc ISLAMABAD, April 30: Prime Minister Shaukat Aziz on Saturday chaired a meeting to review the current availability and supply position of urea as well as its future requirements. He said that...
Revenue collection stands at Rs440bn ISLAMABAD, April 30: The Central Board of Revenue (CBR) has collected Rs440 billion revenue during the first 10 months (July-April) of the current fiscal year as against the target of Rs444.2...		TCP tenders for cotton and urea KARACHI, April 30: The Trading Corporation of Pakistan has floated the second tender for the export as well as local sale of 60,000 bales of cotton from the 2004-05 crop. TCP...
PTCL sell-off ISLAMABAD, April 30: A meeting of the inter-ministerial committee constituted by Prime Minister Shaukat Aziz held here on Saturday to review and enable the legislative framework to facilitate privatization of the...		Subscription of UBL share likely in May ISLAMABAD, April 30: The government has decided to offer 10 per cent shares of the United Bank Limited (UBL) (with a green shoe option of additional 5 per cent shares) to...
Oil drops below $50 on signs of slowing US economy NEW YORK, April 30: Oil prices fell below $50 on Friday, to the lowest in 10 weeks, as traders focused on slow economic growth and expanding crude oil supplies in the...		NY cotton firmer NEW YORK, April 30: Cotton futures settled higher Friday on buying by small speculators as the trade waited for news that China had bought a large chunk of cotton from a...
Need stressed for improving infrastructure HYDERABAD, April 30: Speakers at a pre-budget seminar have called for creating investment-friendly atmosphere and improving infrastructure to accelerate industrialization in the province. The moot titled “Performance, Challenges, Opportunities and Strategies”,		National Refinery rated AAA, A+ LAHORE, April 30: The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of “AAA” (triple A) and a short-term rating of “A1+” (A one plus) to the National Refinery Limited (NRL). The ratings, said an announcement by Pacra on Saturday, was applicable to senior ...
Humayun to attend WTO meet in Paris ISLAMABAD, April 30: The 148 WTO member countries would attend an informal ministerial meeting in Paris on Monday to review the progress made under the July framework agreement as part of...		Iraq may triple oil output by 2012 WASHINGTON, April 30: Once foreign energy companies return to Iraq after it is safe for their workers, the country should be able to triple its crude oil production to 6 million...
Saudi money supply grows 5pc RIYADH, April 30: Extended high oil prices over the first quarter of the year have resulted in Saudi Arabia’s money supply (M3) growing by five per cent in the first quarter...		Sluggish wage growth erodes US confidence CHICAGO, April 30: US consumers turned a bit more glum about the future in April as they struggled with record gasoline prices and sluggish wage growth, reports showed on Friday. Separate...
World oil prices fall LONDON, April 30: World oil prices ended the volatile month of April, during which historic high points were reached, on a calmer note as supply worries eased owing to a larger-than-expected...		‘Canada budget change undermines sentiment’ OTTAWA, April 30: Canadian Finance Minister Ralph Goodale, unhappy with being forced to change his budget to gain political support for his minority Liberal government, is trying to salvage planned tax...