May 4, 2005	Wednesday	Rabi-ul-Awwal 24, 1426

Please Visit our Sponsor (Ads open in separate window)

Pakistan seeks early completion of FTAs: Malaysia, Singapore ISLAMABAD, May 3: Prime Minister Shaukat Aziz will urge the leaders of Malaysia and Singapore for early completion of the proposed free trade agreements (FTA) during his visit to these countries....		Cement sales jumped to 1.6m tons in April KARACHI, May 3: Cement sales during the month of April touched an all-time high level of over 1.6 million tons, including 186,278 tons of exports. After some patchy performance in earlier...
French auto group wants to set up assembling plant ISLAMABAD, May 3: A French auto business delegation, currently on a visit to explore opportunities and possibilities to invest in Pakistan, held a meeting with Privatization and Investment Minister Dr Abdul...		‘Sugar industry not responsible for price hike’ KARACHI, May 3: The Pakistan Sugar Mills Association (PSMA) has refuted the government’s claim that it is responsible for higher sugar prices in the open market, saying higher incident of taxes...
KSE 100-share index recovers 55 points KARACHI, May 3: The KSE 100-share index on Tuesday recovered modestly aided by active short-covering in PTCL and some other leading base shares, but the rally appears to be too feeble...		EU team to examine samples in Dubai: Dumping duty ISLAMABAD, May 3: The European Union has agreed to send an investigating team to Dubai to examine samples of eight Pakistani textile mills in order to finalize the anti-dumping duty of...
Ministers gather to salvage Doha talks PARIS, May 3: Trade ministers gathered in Paris on Tuesday to take another stab at preserving the Doha negotiations to reduce global trade barriers, at talks on the sidelines of an...		PC Board reviews sell-off process ISLAMABAD, May 3: Privatization and Investment Minister Dr Abdul Hafeez Sheikh has urged the general public to prepare their computerized national identity cards and open CDC accounts for participating in the...
Birmingham Chamber, KCCI to work jointly: SME development KARACHI, May 3: Birmingham Chamber of Commerce and Industry and Karachi Chamber of Commerce and industry (KCCI) have decided to cooperate with each other under European Union funded Asia Invest Programme...		Fed raises lending rate WASHINGTON, May 3: The Federal Reserve on Tuesday lifted the headline US interest rate by a quarter of a percentage point to 3.0 per cent, tightening borrowing costs for the eighth...
IEA states aim to curb energy imports PARIS, May 3: The International Energy Agency countries committed on Tuesday to increase energy efficiency in order to reduce their vulnerability to high oil prices. Ministers from the 26 IEA oil-consuming...		China ready to join Pakistan, India, Iran: Gas pipeline construction CHENGDU, May 3: China is prepared to join Pakistan, India and Iran in the construction of cross-border gas pipeline project. This was stated by China National Petroleum Corporation (CNPC) Assistant President...
ACU central banks to meet in Lahore KARACHI, May 3: Heads or deputy heads of 11 Asian central banks will meet in Lahore on May 16-17. Eight of them, members of the Asian Clearing Union (ACU), will interact...		Singapore economy SINGAPORE, May 3: Singapore’s manufacturing sector, the main pillar of the economy, is more upbeat about business conditions in the next six months compared with the March quarter, a government survey...
Ginners lower asking price KARACHI, May 3: Cotton prices on Tuesday were revised downward as some of the southern Punjab ginners tried to get out of the market after having lost hopes of pick-up in...		Karachi Port operations KARACHI, May 3: Eight ships carrying containers and to load ethanol are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was...