May 17, 2005	Tuesday	Rabi-us-Sani 8, 1426

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PC board forwards highest bid to CCoP: Privatization of PAFL ISLAMABAD, May 16: The Privatization Commission Board here on Monday recommended for approval of the Cabinet Committee on Privatization (CCoP) the highest offer of Rs14.125 billion for the sale of 94.8...		Manufacturers charging high price for PSF LAHORE, May 16: Local polyester fibre (PSF) manufacturers are charging far higher prices than its international rates, says All Pakistan Textile Mills Association Chairman Arif Saeed. Speaking to reporters on Monday,...
No new taxes on cement industry KARACHI, May 16: Various government functionaries have been falling over one another in trying to unravel the budget before it is announced. There has been talk of government planning to rationalize...		High land cost in Sindh inhibiting industrialization KARACHI, May 16: High cost of land is said to be inhibiting industrialization in Sindh where unemployment has reached its historic levels, which could well be judged from the fact that...
July-March foreign debt up by $1.47bn KARACHI, May 16: Pakistan’s external debt recorded a big rise of $1.47 billion in nine months of this fiscal year. The total amount of external debt and foreign exchange liabilities combined...		Pakistan can manage trade gap: SBP chief LAHORE, May 16: State Bank of Pakistan Governor Dr Ishrat Husain on Monday said it was not difficult for the country to manage the projected trade deficit of $6.5 billion owing...
Web-based trade data launched ISLAMABAD, May 16: Pakistan in collaboration with the European Commission (EC) here on Monday launched a ‘web-based trade maps Pakistan’ that will provide online access to a database on product trade...		Govt may reduce withholding tax ISLAMABAD, May 16: The government is considering two proposals to reduce the rate of withholding tax on imports and supplies in the budget of 2005-06. An official told Dawn on Monday...
Index sheds 96 points despite fresh buying in PTCL KARACHI, May 16: Fresh heavy buying in PTCL on Monday ahead of its bidding on June 10 featured the trading in otherwise terribly bearish market where prices fell across a broad...		Slow trading on cotton market KARACHI, May 16: Trading on the cotton market on Monday resumed on dull note but by mid-session it picked up modestly as some of the local spinners managed to buy a...
Pakistan seeks WB assistance: Capital market regulation ISLAMABAD, May 16: Pakistan has approached the World Bank to help the Securities and Exchange Commission of Pakistan (SECP) in effectively regulating the capital market to avoid the recurrence of recent...		Task force fails to submit report: Stock market scam ISLAMABAD, May 16: The five-member task force constituted to investigate and identify the factors that led to the recent stock market crash has failed to submit its report to the Securities...
ICCI to boost intra-OIC trade RIYADH, May 16: The Islamic Chamber of Commerce and Industry (ICCI) is striving to boost trade within the 57 member states of the Organization of Islamic Conference (OIC) from its current...		Karachi Port operations KARACHI, May 16: Half a dozen ships carrying palm oil, containers and general cargo are expected to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at...
Oil prices fall on strong US dollar LONDON, May 16: World oil prices fell on Monday as a strengthening US dollar made the commodity more expensive for buyers, dealers said. New York’s main contract, light sweet crude for...		Palm oil down SINGAPORE, May 16: Malaysian palm oil futures fell across the board on Monday because of weakness in soyoil and talk of a possible revaluation of Malaysia’s currency. May 1-15 export data...