May 19, 2005	Thursday	Rabi-us-Sani 10, 1426

Please Visit our Sponsor (Ads open in separate window)

Govt to reshape CPI basket from July 1: IMF services hired ISLAMABAD, May 18: With inflation continuously on the rise, Pakistan has hired the services of International Monetary Fund (IMF) to restructure its consumer prices index (CPI) basket with effect from July...		Russia offered joint venture: Oil, gas exploration KARACHI, May 18: Privatization and Investment Minister Dr Abdul Hafeez Shaikh said on Wednesday that Russia could enter into joint venture with Pakistani companies in the field of oil and gas...
India to set up banking codes board KARACHI, May 18: The Governor, Reserve Bank of India, Y.V. Reddy, said here on Wednesday that the RBI had decided to set up an independent banking codes and standards board of...		‘Any yuan revaluation to impact India less’ KARACHI, May 18: Any revaluation of the Chinese yuan will have less of an impact on India than other Asian countries, Reserve Bank of India Governor Yaga Venugopal Reddy told Reuters...
Rs569m okayed for freight subsidy ISLAMABAD, May 18: The Board of Administrators of Export Development Fund (EDF) on Wednesday sanctioned Rs569 million for the freight subsidy scheme relating to export of new products and for new...		14 EoIs received for PPL ISLAMABAD, May 18 : The Privatization Commission has received 14 Expressions of Interest (EOI) from strategic investors of UK, Canada, US, Pakistan, China, Hungry, Austria and UAE for acquiring 51pc equity...
Remittances reach $3.452bn in 10 months KARACHI, May 18: Overseas Pakistanis sent home $3.452 billion in 10 months to April this year, up from $3.211 billion in a year-ago period, says a State Bank press release. The...		Forwarders deny allegations KARACHI, May 18: The Pakistan International Freight Forwarders Association (PIFFA) has taken exception to allegations levelled by some business circles against freight forwarders (consolidators)....
Support package for garment units okayed: Research, development ISLAMABAD, May 18 The government on Wednesday approved a support package for research and development of garment units manufacturing and exporting textile garments to increase their competitiveness in the international market....		Seven companies fined Rs2.73m ISLAMABAD, May 18: The Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) found 27 companies breaching the relevant rules during last month, reveal official statistics issued here on...
Index falls 89.89 points on profit-selling in PTCL KARACHI, May 18: Active profit-selling on Wednesday in PTCL and some leading energy shares again pushed the market in the minus column, but unlike the previous sessions there were buyers at...		Firm trend on cotton market KARACHI, May 18: The cotton market on Wednesday showed a firm trend followed by reports that some of the spinners and mills, which are not participating in the TCP weekly auctions,...
Karachi Port operations KARACHI, May 18: Five ships carrying chemicals, rock phosphate and containers are expected to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was...		Karachi Port wins award KARACHI, May 18: The Karachi Port Trust (KPT) has been awarded gold medal by the International Association of Ports and Harbour (IAPH) for its commitment to promote the use of Information...
Oil sheds $1 on jump in US crude stockpiles LONDON, May 18: World oil prices fell strongly on Wednesday, overturning earlier gains, after official data showed US crude inventories at the highest level for six years, easing concerns over possible...		Palm oil higher KUALA LUMPUR, May 18: Malaysian crude palm oil futures jumped 1 per cent on Wednesday as talk that May exports had almost crossed the million-ton mark fuelled short-covering, ending three days...
EU textile industry wants more measures: Chinese imports BRUSSELS, May 18: European clothing importers and retailers on Wednesday attacked European Union emergency measures to limit a surge in Chinese textile imports, in stark contrast to EU producers who said...		Award for PIA KARACHI, May 18: Pakistan International Airlines received an award from Manchester Airport Authorities in recognition of its adherence to navigation procedures within the heavily crowded Manchester airspace, says a press release....
Agreement KARACHI, May 18: Ufone and UBL signed an agreement to formalize an upcoming marketing initiative for the UBL credit card customers to avail Ufone special packages with international roaming, GPRS, MMS...		Partnership KARACHI, May 18: Emirates Airline and Citibank Pakistan announced the launch of a partnership aimed at providing benefits to Citibank card holders. The benefits include discounts on Emirates Holidays to over...