June 25, 2005	Saturday	Jumadi-ul-Awwal 17, 1426

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Over 9 per cent inflation to impact growth KARACHI, June 24: More than nine per cent inflation may hamper economic growth in Pakistan, according to the findings of a working paper written by a State Bank analyst. ...		Oil import bill may reach $5.5bn KARACHI, June 24: Pakistan’s oil import bill for the fiscal year 2005-06 is likely to reach $5.5 billion. Based on an average oil price outlook of $40 per barrel (Arab Light)...
New industrial policy to focus on SMEs: Rs12 billion earmarked ISLAMABAD, June 24: A new industrial policy is being finalized that will focus on the development of small and medium enterprises (SMEs) to serve as the engine of growth for which...		DTRE scheme revised to attract exporters ISLAMABAD, June 24: The Central Board of Revenue (CBR) has introduced a range of changes particularly inclusion of services in the input goods under the Duty and Tax Remission for Export...
Power shortage to end by April next: Ibad: ‘My Karachi’ opens KARACHI, June 24: Sindh Governor Dr Ishratul Ibad Khan on Friday said that the electricity shortage issue would be resolved with the completion of HESCO Castling power generation project by April...		Easier conditions prevail on stock market KARACHI, June 24: Stocks finished the weekend session on an easy note despite active short-covering in the leading oil shares as broader market stayed weak in the absence of strong institutional...
Cotton market lacks lustre KARACHI, June 24: Cotton market on Friday passed through another lean session as physical business remained at a low ebb, although some of the local spinners still needed modest supplies before...		SSGC signs pact for additional gas supply KARACHI, June 24: The Sui Southern Gas Company (SSGC) on Friday signed an agreement with ENI Pakistan Ltd., the operator of Bhit and Badhra gas fields in Dadu district, for additional...
Business information portal launching today LAHORE, June 24: The Small and Medium Enterprises Development Authority (Smeda) is launching Pakistan’s first B2B, and business information portal, Industrial Information Network (IIN), here on Saturday....		PS sell-off by Dec 31 KARACHI, June 24: The chairman, Pakistan Steel (PS), Lt Gen (Retd) Abdul Qayum has said that the government is determined to finalize the privatization of Pakistan Steel on fast track by...
Banks borrow over Rs12bn from SBP KARACHI, June 24: Banks were forced to go for discounting for the second day in a row on Friday to meet cash reserve requirements in a tight money market, dealers said....		PM briefed on trade policy ISLAMABAD, June 24: The Prime Minister Shaukat Aziz said on Friday that the measures taken in the budget should reflect in the export figures of the next year. The prime minister...
Pakistan, China to promote textile exports SHANGHAI, June 24: Representatives from Pakistan, China and various other regional countries met here on Friday and discussed a strategy for promoting healthy competition, after the end of textile quota regime....		Commodity markets LAHORE, June 24: The following were Friday’s upcountry commodity market rates in rupees. Foodgrains (per 40 kg): Wheat 430 to 440; Jowar 500 to 780; Maize 350 to 520; Bajra 800...
Rating KARACHI, June 24: JCR-VIS has assigned an insurer financial strength rating of triple B plus to PICIC Insurance Ltd with a stable outlook, says a press release. The rating takes into...		Palm oil up KUALA LUMPUR, June 24: Malaysian palm oil prices extended gains but trade was light, with players awaiting key export data due between Saturday and next week for clearer market direction....