May 25, 2005	Wednesday	Rabi-us-Sani 16, 1426

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$4.2bn trade deficit, 7pc GDP targets for 2005-06 ISLAMABAD, May 24: The government has set a target of trade deficit at $4.2 billion, current account deficit at $2.7 billion, capital requirement at $4.62 billion and inflation at eight per...		National Refinery bidding on 31st ISLAMABAD, May 24: The Privatization Commission (PC) is holding bidding for 51 per cent (33,985,788 shares) equity stake in National Refinery Limited (NRL), together with management control, to a qualified strategic...
Protection sought for joint ventures: India-Pakistan investment KARACHI, May 24: Newly-elected India-Pakistan Chamber of Commerce (IPCCI) President Onkar S. Kanwar on Tuesday urged Indian and Pakistani governments to provide investment guarantees to promote joint venture in both countries....		Less than 5pc ST proposed at retail stage: Textile industry ISLAMABAD, May 24: The textile industry has proposed to the government to fix less than 5 per cent sales tax on retailers of textile related products having a sale above the...
Call for S. Asian economic bloc KARACHI, May 24: State Minister for Commerce Hamid Yar Hiraj on Tuesday underlined the need for developing economic bloc of South Asia. He was speaking at the conference on “Indo-Pak economic...		Fuel prices increased again in Bangladesh DHAKA, May 24: The Bangladesh government on Tuesday increased the prices of diesel by Tk3 per litre and of petrol and kerosene by Tk2 per litre, with immediate effect. The price...
Takaful rules soon ISLAMABAD, May 24: The Securities and Exchange Commission of Pakistan (SECP) will enforce rules for Takaful, an Islamic alternative to conventional insurance, within two to three weeks, to make Takaful insurance...		Group relief to all sectors ISLAMABAD, May 24: The government is considering a proposal to extend the concept of group relief to all sectors of the economy to encourage corporatization. An official told Dawn on Tuesday...
Bedwear exporters seek govt assistance KARACHI, May 24: Bedwear exporters have called upon the government to bail out the industry from crisis as over 40 units in the city alone have been closed down due to...		PSMA proposes reduction in corporate tax KARACHI, May 24: The Pakistan Sugar Mills Association (Sindh zone) has urged the government to rationalize corporate tax to 25 per cent on public companies and 28 per cent on private...
KSE 100-share index recovers 52 points KARACHI, May 24: The overnight downward drift on Tuesday was halted on the stock market as investors covered positions on selected counters at lower levels aided by perceptions of approval of...		Physical activity falls to modest proportion KARACHI, May 24: Physical activity on the cotton market on Tuesday fell to a modest proportion, as buyers and sellers were locked in a price-war over the fine lots. While southern...
Karachi Port operations KARACHI, May 2: Eight ships carrying containers and general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was modest...		Oil prices dip LONDON, May 24: World oil prices eased on Tuesday as traders focussed on this week’s US government energy report, six days from the start of the US driving season. New York’s...