May 24, 2005	Tuesday	Rabi-us-Sani 15, 1426

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SBP for revamping revenue structure KARACHI, May 23: The State Bank of Pakistan wants the Government to “shift slightly”, away from merely encouraging growth and focus more on improving delivery of the basic services and target...		Improve quality or face ban, EU tells Pakistan: Seafood export ISLAMABAD, May 23: The European Commission has asked Islamabad to work out an effective strategy latest by June 10 that could ensure quality and standards of seafood under food safety act...
SMEs to get special fund in budget ISLAMABAD, May 23: The government has decided to introduce a new programme in the budget for 2005-06 to offer a special funding for the establishment of small and medium enterprises (SMEs)...		US textile quota on China alerts big exporters KARACHI, May 23: Leading export houses are presently busy in mock anti-dumping exercise in order to face a situation that may arise if United States imposes punitive duty on certain fast...
Cotton target set at 15m bales ISLAMABAD, May 23: Prime Minister Shaukat Aziz here on Monday set the 15 million bales cotton target for next season and directed the ministry of food, agriculture and livestock (Minfal) to...		Registration campaign divides estate agents KARACHI, May 23: As the Defence Housing Authority has started a campaign to register the estate agents dealing in eight phases of the DHA, two groups of estate agents are fighting...
EU to launch talks with China on textiles BRUSSELS, May 23: The European Union went a step forward on Monday towards imposing limits on some types of surging Chinese textiles after member states voted in favour of opening formal...		Company mortgage guide ISLAMABAD, May 23: The Securities and Exchange Commission of Pakistan (SECP) has published a booklet “Company Mortgages and Charges Guide” to create awareness among companies, professionals and other stakeholders about the...
TCP accused of favouritism LAHORE, May 23: In what appears to be a case of blatant discrimination against the local mills, the Trading Corporation of Pakistan (TCP) is trying to sell its cotton to exporters...		Opec asked to maintain output LONDON, May 23: The Organization of Petroleum Exporting Countries (Opec) must resist temptation to cut output and instead allow crude stocks to build further, the Centre for Global Energy Studies (CGES)...
Rumour-triggered selling deprives index of 317 points KARACHI, May 23: Stocks on Monday virtually crashed on nervous selling triggered by rumours that the Securities and Exchange Commission of Pakistan (SECP) has rejected the KSE proposal to allow free...		Prices stay firmer on cotton market KARACHI, May 23: Trading on the cotton market on Monday resumed on a steady note in the backdrop of positive fallout of the TCP Saturday’s auction of 67,000 bales. In the...
Electronic exchange of invoices ISLAMABAD, May 23: The government is considering prescribing rules for allowing electronic submission and exchange of invoices between buyers and sellers. An official told Dawn on Monday that the proposal would...		BD trade deficit up 71 per cent DHAKA, May 23: Bangladesh’s trade deficit shot up by 71.27 per cent in the first eight months (July-February) of the current fiscal year, over the same period last fiscal year. The...
Karachi Port operations KARACHI, May 23: Nine ships carrying DAP fertilizer containers, general cargo and to load molasses and naphtha are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....		Port Qasim KARACHI, May 23: Three vessels carrying containers, diesel oil and iron ore were berthed at QICT, Fotco Terminal and IOCB during the last 24 hours, said a PQA press release on...
Oil prices rise LONDON, May 23: World oil prices rose on Monday amid the end of a strike at French energy giant Total and on technical trading, dealers said. New York’s main contract, light...		Gold barely changed in Europe LONDON, May 23: Gold marked time with very little change near three-month lows in Europe on Monday, with dealers looking for the market to probe lower as dollar strength bruised sentiment....
Commodity markets LAHORE, May 23: The following were Monday’s upcountry commodity market rates in rupees. Foodgrains (per 40 kg): Wheat 420 to 425; Jowar 550 to 800; Maize 480; Bajra 770; Barley 600....		Karachi market rates KARACHI, May 23: The following were Monday’s commodity market rates in rupees....