May 27, 2005	Friday	Rabi-us-Sani 18, 1426

Please Visit our Sponsor (Ads open in separate window)

Sindh share in PSDP comes to Rs20.14bn KARACHI, May 26: Sindh’s share in the federal government’s Rs272 billion public sector development outlay, being proposed for the next fiscal year, has been worked out at Rs20.14 billion or 10.2...		Textile exports fetch $3bn in four months KARACHI, May 26: Pakistan earned a handsome $3 billion through textile exports in the last four months, analysis of data released by the Federal Bureau of Statistics show. The $3.048 billion...
Interim listing of UBL, shares’ quotation okayed KARACHI, May 26: The Karachi Stock Exchange has approved the provisional listing and quotation of shares of United Bank, the KSE announced here on Wednesday. The action follows the approval of...		Sindh industries may be exempted from property tax Karachi, May 26: The Sindh government is considering exempting newly constructed industries from property tax for three years in order to boost the industrialization, and the decision in this regard is...
GST turns out to be root cause of rising inflation ISLAMABAD, May 26: The general sales tax (GST) has eventually turned out to be the largest factor contributing to the current heightening inflationary trend besides exchange rate, global oil prices and...		Indians link investment to security LAHORE, May 26: Indian businessmen are keen to invest in joint ventures with their Pakistani counterparts if the “security of their investment is guaranteed”. This was stated by leader of Indian...
East African states retain 35pc duty on rice ISLAMABAD, May 26: The East African Union Countries (EAC) — Kenya, Uganda and Tanzania have extended for another two years the old rate of customs duty of 35 per cent on...		US panel approves energy bill WASHINGTON, May 26: The Senate Energy Committee approved a wide-ranging energy bill on Thursday that includes repealing a Depression-era law limiting utility mergers in exchange for giving the Federal Energy Regulatory...
WTO confirms Lamy as new head GENEVA, May 26: Former European Union trade chief Pascal Lamy of France was confirmed as the new head of the World Trade Organization, the WTO said on Thursday. A session of...		India brings inflation down to 5 per cent NEW DELHI, May 26: Indian inflation is under control after a year of record oil prices, but more strong economic growth depends on a successful annual monsoon, Finance Minister P. Chidambaram...
Stocks fall like ninepins on panic-selling KARACHI, May 26: The KSE 100-share index again crashed on Thursday from the recent highs and plunged by 278 points or four per cent on panic-selling in most of the pivotals,...		Cotton market lacks lustre KARACHI, May 26: Trading on the cotton market on Thursday remained insipid as ginners of southern Punjab held on to their unsold stocks apparently anticipating increase in prices. Physical business, therefore,...
Karachi Port operations KARACHI, May 26: Four ships carrying general cargo, containers and logs are due to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was...		PS rating KARACHI, May 26: The JCR-VIS Credit Rating Company has assigned initial medium- to long-term rating of single A and short term rating of A-one to Pakistan Steel Mills Corporation, says a...
Oil prices up NEW YORK, May 26: US oil futures were up at midday on Thursday as a rally spurred by a surprise drop in domestic crude stocks went into its second day....		Palm oil higher BANGKOK, May 26: Malaysian crude palm oil futures closed up on Thursday on follow-through buying, dealers said. The Bursa Malaysia Derivatives’ benchmark third-month palm oil contract, August, was up 10 ringgit...