June 1, 2005	Wednesday	Rabi-us-Sani 23, 1426

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NRL sold to Attock Oil Group for Rs16.415bn ISLAMABAD, May 31: The Attock Oil Group on Tuesday offered the highest bid of Rs16.415 billion to acquire 51 per cent shares and management control...		Middle class in Sindh shrinking: WB, ADB observation KARACHI, May 31: The World Bank and the Asian Development Bank have observed that the number of poor in the urban and rural Sindh is growing fast with simultaneous shrinking of...
Pulses, tomato prices on rise KARACHI, May 31: Except for increase in prices of moong, mash and arhar pulses, rates of other essentials remained broadly unchanged over the last one month. However, rising tomato prices remained a cause of concern for the end users. Mash prices shot up to Rs38 from Rs36 per kg owing...		‘Govt providing incentives for oil, gas exploration’ ISLAMABAD, May 31: The government is giving attractive incentives to investors for off-shore and on-shore oil and gas exploration, Petroleum and Natural Resources Minister Amanullah Khan Jadoon said on Tuesday. During...
Market terms deal a good bargain KARACHI, May 31: The market generally thought that the government had made a good bargain on Tuesday, through its sale of 51 per cent strategic stock in National Refinery Limited at...		Non-duty paid cigarettes causing Rs7bn loss ISLAMABAD, May 31: The continued availability of no-duty paid cigarettes in the market is causing Rs7 billion loss to the national exchequer annually. Informed sources said here on Tuesday that the...
ST on farm machinery may go ISLAMABAD, May 31: The government is considering a number of proposals including the scaling down of customs duty to zero per cent from five per cent and with it abolition of...		Pakistan, Kenya to enhance trade KARACHI, May 31: The chairman Export Promotion Bureau (EPB) and minister of state, Tariq Ikram has sought bilateral as well as multilateral agreements with Kenya and African economic bloc. The EPB...
KSE index gains 150 points on follow-up support KARACHI, May 31: Stocks on Tuesday rose further on active follow-up support despite reports of fresh incidents of violence in the city followed by Monday’s bomb attack on a mosque and...		Cotton market lacks trading interest KARACHI, May 31: The cotton market on Tuesday lacked normal trading interest owing partly to incidents of violence in some parts of the city in reaction to an attack on a...
Asian stocks close mostly higher HONG KONG, May 31: Asian stocks closed mostly higher on Tuesday amid bargain hunting by foreign investors with IT stocks continuing to perform well on the back of the recent Nasdaq...		6pc R&D support sought KARACHI, May 31: The chairman Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA), Fawad Ijaz Khan has reiterated his demand for giving six per cent Research and Development support to the...
Palm oil prices lower KUALA LUMPUR, May 31: Malaysian crude palm oil futures closed flat on Tuesday, surrendering early gains as it tracked softening prices of rival soyaoil. Indications that exports of palm oil for...		Oil prices fall LONDON: World oil prices fell on Tuesday after doctors said that Saudi Arabia’s King Fahd had responded to treatment for pneumonia — a condition that had sparked concerns about crude production...