May 5, 2005	Thursday	Rabi-ul-Awwal 25, 1426

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Oil import bill to cross $5.5 billion next year ISLAMABAD, May 4: The government has estimated that oil import bill will rise to $5.5 billion next year owing to another 15 per cent increase in the international oil prices despite...		Sindh govt rejects Rs2,094 bn MTDF KARACHI, May 4: The Sindh cabinet has come down heavily on the Medium Term Development Framework (MTDF), a federal government document that outlines a programme of Rs2,094 billion investment of development...
WTO reaches agreement on tariff issue PARIS, May 4: WTO ministers reached on Wednesday an agreement on a technical issue of calculating tariffs that had blocked the Doha round of global trade talks, Brazilian Foreign Minister Celso...		Measures to enhance exports under study ISLAMABAD, May 4: The Chairman, Central Board of Revenue (CBR) M. Abdullah Yousuf on Wednesday said the government was considering a host of measures in the next budget aimed at increasing...
New wood packaging method introduced ISLAMABAD, May 4: As a part of the Phytosanitary Rules, new requirements for wood packaging materials has entered into force from March that apply to all wood packaging materials imported into...		Idea of duty cut to 20pc dropped ISLAMABAD, May 4: The Central Board of Revenue (CBR) has dropped the proposal to bring down the maximum rate from 25 per cent to 20 per cent in the next budget....
Stocks manage to finish with clipped gains KARACHI, May 4: The KSE 100-share index on Wednesday finished with an extended gain but the broader market stayed weak as investors were in two minds about its future direction and...		Listless trading on cotton market KARACHI, May 4: Trading on the cotton market on Wednesday remained dull as both buyers and sellers kept to the sidelines awaiting fresh developments on the New York futures market. Ginners...
268 firms registered in April ISLAMABAD, May 4: The Securities and Exchange Commission of Pakistan (SECP) registered 268 companies in April this year as compared to 233 companies it had registered in the corresponding period last...		Shafiq Mills to buy back shares KARACHI, May 4: Sponsors of the Shafiq Textile Mills Limited would buy back shares at Rs200 per share. The Voluntary Delisting Committee of the Karachi Stock Exchange in its meeting held...
11 factories can export seafood to EU KARACHI, MAY 4: Director General Marine Fisheries Department (MFD) Syed Qamar Raza said on Wednesday that 11 seafood processing factories have been allowed to export seafood to European Union. Talking to...		Household items KARACHI, May 4: A leading Swedish company, IKEA, is keen to import household items worth 100 million euro during the next fiscal year. The Export Promotion Bureau (EPB) and IKEA, in...
Oil prices stay firm LONDON, May 4: IPE Brent crude oil futures pared gains, but stayed strong in late trade on Wednesday after shrugging off US inventory data that showed crude oil stocks had reached...		Need stressed to boost gas output KARACHI, May 4: Speakers at a seminar on “Pakistan’s National Energy Plan” have called for accelerating development of gas exploration and production as the country would require 90 MTOE of gas...
Karachi Port operations KARACHI, May 4: Four ships carrying DAP fertilizer and containers are expected to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was modest...		Palm oil down KUALA LUMPUR, May 4: Malaysian crude palm oil futures fell 1.5pc on Wednesday after a sell-off sparked by weak prices of rival US soyail. Bursa Malaysia Derivatives’ benchmark third-month palm oil...