May 6, 2005	Friday	Rabi-ul-Awwal 26, 1426

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Growth in domestic debt contained KARACHI, May 5: Domestic debt grew at the rate of less than half a per cent in eight months of this fiscal year mainly due to heavy withdrawals from fixed-income National...		Car demand-supply gap stands at 40,000 units KARACHI, May 5: There is a gap of 40,000 units between demand and supply of cars in Pakistan currently and the industry is trying hard to bridge the gap by doubling...
Zero-rating of PSF notified ISLAMABAD, May 5: The Central Board of Revenue (CBR) has notified zero rating of polyester staple fibre (PSF) and its raw materials to boost up production of textile products. The decision...		Iran increases import duties KARACHI, May 5: Iran has raised import duties on various items especially rice and textiles in its New Year commencing from March 2005 and effective till March 20, 2006. According to...
Refinance: exporters plea to SBP KARACHI, May 5: Exporters have asked the State Bank to link export refinance rate with weighted average yield of six months treasury bills for the last six months period instead of...		ADP for next year to be discussed on 16th KARACHI, May 5: An annual development plan of Rs275-Rs278 billion will be discussed by the political leadership and senior bureaucrats of all the four provinces on May 16 in the Annual...
KCA terms opposition to hedge trading unjust KARACHI, May 5: The Karachi Cotton Association (KCA) has dispelled the impression that resumption of hedge trading in cotton was a unilateral decision and it does not serve the interest of...		Japan for flexible exchange rates in Asia ISTANBUL, May 5: Japan favours more flexible exchange rates in Asia but understands that China may have its own reasons for not relaxing controls on its currency, Japan’s Finance Minister Sadakazu...
US economy looks to pivotal job data WASHINGTON, May 5: Stronger productivity and jobless figures gave Wall Street food for thought on Thursday a day ahead of a key employment report that will shed light on whether the...		Malaysian palm oil firms KUALA LUMPUR, May 5: Malaysian crude palm oil futures ended firmer on Thursday after short-covering in the final hours gave respite to a market worried about a possible currency revaluation. The...
NTC hearing on 14th ISLAMABAD, May 5: The National Tariff Commission (NTC) is considering a proposal to raise customs duty to 25 per cent from the existing 20 per cent on import of finished silicone...		Asian stock markets mixed in quite trading HONG KONG, May 5: Many Asian markets were mixed on Thursday, finding only modest support from a strong Wall Street showing after the US Federal Reserves kept monetary policy on course,...
Indian rupee at 3-month high MUMBAI, May 5: The rupee rose to end at a new three-month high on Thursday, on continued speculation of a yuan revaluation and a rally in local stocks after India proposed...		Oil prices rise LONDON, May 5: World oil prices rose on Thursday after volatile trading the previous day as traders digested a sharp rise in US gasoline reserves, dealers said. New York’s main contract,...
Bulls stage smart comeback on stock market KARACHI, May 5: Stocks on Thursday staged a snap rally on active buying in the low-priced oil shares aided apparently by positive developments on some unsettled issues of the Carry Over...		Insipid conditions on cotton market KARACHI, May 5: Cotton market on Thursday lacked normal trading interest as spinners and mills remained busy in tender work preparing bids for TCP’s May 7 auction of 60,000 bales. Brokers...