July 8, 2005	Friday	Jumadi-ul-Awwal 30, 1426

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Govt yet to issue SRO for wheat import KARACHI, July 7: No official notification (SRO) has been issued as yet to facilitate the import of wheat and flour even after more than a week of the decision taken by the government in this regard....		London blasts rattle global markets LONDON, July 7: Global financial markets were badly shaken on Thursday by deadly bomb attacks on London underground trains and a bus. However, in Frankfurt the president of the European Central Bank...
Lenders seek guarantees for loan transfer: Wapda corporatization ISLAMABAD, July 7: International lenders have sought revised agreements and guarantees of the federal government for transfer of loan liabilities and assets of Wapda to its corporate companies in order to complete corporatization process of the power sector....		ST collection on decline ISLAMABAD, July 7: The collection of sales tax on many important items including cement, sugar and iron has declined during the fiscal year 2004-05 due to its shrinking tax base. Official figures available with Dawn showed that due to this declining trend and some other factors...
Index rises by 58.73 points on speculative buying KARACHI, July 7: Stocks on Thursday tended further higher as investors again indulged in anticipatory and speculative buying on a number of counters under the lead of oil sector amid predictions...		Prices remain firm on cotton market KARACHI, July 7: The cotton market on Thursday showed firm trend as official spot rates were raised by Rs25 per maund apparently in line with those at which the TCP is selling its lint in weekly auctions....
$933m BoP deficit in 11 months KARACHI, July 7: Pakistan saw a balance of payments deficit of $933 million in eleven months of the last fiscal year, according to data released by the State Bank....		Tax on cash withdrawal leads to confusion KARACHI, July 7: Many banks are collecting advance tax of 0.1 per cent on the total cash drawn instead of the amount that is in excess of Rs25,000, leading to frictions and altercations between the customers and staff at many branches....
NRL sell-off deal signed KARACHI, July 7: Attock Oil Group of Companies (AOGC) on Thursday signed an agreement with the Privatization Commission of Pakistan to buy 51 per cent strategic stake in National Refinery Ltd (NRL)....		PS earned Rs6bn profit in ’04-05 KARACHI, Jul 7: Pakistan Steel has achieved record sales of more than Rs31 billion, earned net profit of Rs6 billion, contributed more than Rs8 billion as sales and income tax to national exchequer in 2004-05....
Meezan Fund offers 35pc dividend KARACHI, July 7: Al-Meezan Investments, the asset management company of Meezan Islamic Fund, has announced a bonus dividend of Rs17.5 or 35 per cent per unit for the year ending on June 30, 2005....		Removal of bike, PVC pipes from list sought: FTA with Sri Lanka ISLAMABAD, July 7: Two local manufacturers of motorcycles and PVC pipes have asked the commerce ministry to negotiate with the Sri Lankan authorities for the withdrawal of these products from the...
Ratings KARACHI, July 7: JCR-VIS has assigned an insurer financial strength or IFS rating of triple B plus to Saudi Pak Insurance Company, says a press release....		Karachi Port operations KARACHI, July 7: Three ships carrying coal and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was maintained on...