May 7, 2005	Saturday	Rabi-ul-Awwal 27, 1426

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High courts empowered to decide disputes: Foreign investment ISLAMABAD, May 6: In a major legal move to attract foreign investors to Pakistan, the four provincial high courts — instead of lower courts — get original jurisdiction to adjudicate foreign...		Ishrat asks EU to end rigidities: Labour, goods market KARACHI, May 6: State Bank Governor Dr Ishrat Husain said here on Friday that the EU countries needed to undertake structural reforms to remove rigidities in goods and labour markets. He...
Riyadh proposes joint business forum KARACHI, May 6: The Deputy Consul General, Saudi Arabia, Nayef Al Rasheed, has said that Pakistan and Saudi Arabia should think about forming a joint business forum in order to enhance...		‘Asia needs to promote economic integration’ ISTANBUL, May 6: The president of the Asian Development Bank (ADB) closed the organization’s annual conference in Istanbul on Friday with a warning that further economic integration of Asia was essential....
Farm project for Balochistan ISLAMABAD, May 6: The Ministry of Food, Agriculture and Livestock (Minfal) has approved a Rs614.10 million project for the restructuring and strengthening of agricultural research system in Balochistan. According to an...		Pakistan to issue Eurobond this year, says PM KUALA LUMPUR, May 6: Pakistan plans to issue a Eurobond this year and expects investor demand to be high, Prime Minister Shaukat Aziz said on Friday. He did not comment on...
Mauritius, Pakistan to enhance cooperation ISLAMABAD, May 6: The Pakistan-Mauritius Joint Working Group (JWG) on trade and investment on Friday agreed to prepare a long-term cooperation framework for strengthening economic, commercial and cultural relations between two...		S. Arabia seeking US investment RIADH, May 6: Saudi Arabia is seeking US investment worth SR2.3 trillion ($613 billion) in various projects as its 50-member trade delegation is beginning a visit to the United States following...
‘PIPRO to help attract investment’ ISLAMABAD, May 6: An effective implementation of the Pakistan Intellectual Property Rights Organization (PIPRO) would help attract greater investment in innovative industries. This was stated by Deputy US Trade Representative Josette...		Aptma for removal of sales tax KARACHI, May 6: The chairman of All Pakistan Textile Mills Association Mr Arif Saeed has appreciated the zero rating of sales tax on all man made fibres and related raw materials...
Quarantine houses near Wagha ISLAMABAD, May 6: The government has decided to establish four temporary quarantine houses near Wagha customs station for the import of livestock from India. An official announcement by the ministry of...		Increase in finance rate resented LAHORE, May 6: The convenor of carpet committee, Lahore Chamber of Commerce and Industry, Mohsin Banday on Friday said that 5 per cent increase in export refinance rate during the last...
Growers seek disposal of damaged rice HYDERABAD, May 6: The president, Sindh-Balochistan Rice Millers and Traders Association, Mr Gada Hussain Mahessar, has appealed to the federal government to come to the rescue of the rice growers and...		NTC may cut import duty on photo plates ISLAMABAD, May 6: The National Tariff Commission (NTC) is considering a proposal to reduce customs duty on import of photopolymer plates to 10 per cent from 25 per cent. An official...
Recovery drive continues on stock market KARACHI, May 6: Stocks on Friday ended with clipped gains but the underlying sentiment remained uppishly inclined aided by revival of institutional support at the lower levels under the lead of...		Cotton market lacks lustre KARACHI, May 6: Quieter conditions prevailed on the cotton market on Friday ahead of the TCP auction of 60,000 bales of fine type on Saturday amid reports of keen competition among...
Karachi Port operations KARACHI, May 6: Four ships carrying palm oil and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was active...		Palm oil firm KUALA LUMPUR, May 6: Malaysian crude palm oil futures closed firm on Friday after signs that palm oil exports were performing better in May than in April, dealers said. A slight...