July 9, 2005	Saturday	Jumadi-us-Sani 1, 1426

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Bourses, banks at odds: Margin financing KARACHI, July 8: As the deadline of August 26 draws nearer for replacement of badla financing with a market-based and transparent margin financing, banks and bourses trade charges of being insincere to facilitating the change....		Unsold stock allowed to be exhausted till 31st: 15pc sales tax on 10 consumer items ISLAMABAD, July 8: The government has allowed manufacturers of 10 consumer items to exhaust till July 31 unconsumed, unsold stocks of finished goods and packing materials on which retail price was...
Wealth tax cases of US $ bonds reopened KARACHI, July 8: The local tax authorities have reopened some wealth tax cases of people who declared special US dollar bonds. The bonds were given an exemption from income and wealth tax under the economic reforms 1992....		Global markets recover after blasts shock LONDON, July 8: World financial markets mostly found their feet Friday, a day after terrorist bombings killed more than 50 people in London, and also in the knowledge that central bankers...
Stocks finish weekend session on steady note KARACHI, July 8: Stocks finished the weekend session on a steady note owing to strong buying at the dips in some of pivotals, signalling that the current moping operation will continue during the next week also....		Cotton market rules firm KARACHI, July 8: The cotton market on Friday maintained a steady trend as some of local spinners opted for central Sindh inferior lint for blending purposes with polyester fibre....
TCP likely to import cement KARACHI, July 8: The government has asked Trading Corporation of Pakistan (TCP) to explore possibilities of importing cement if local industry did not reduce prices. The TCP chairman Syed Masood Alam...		Withholding tax on import of wheat goes ISLAMABAD, July 8: The government has exempted the levy of 6 per cent withholding tax on import of wheat through amendments introduced in the income tax ordinance....
SME Bank plans scheme for marble processors KARACHI, July 8: The SME Bank has planned to offer a financial scheme for the marble processors for increasing their processing capacities and upgrading of their units....		SRO creates confusion among exporters KARACHI, July 8: Manufacturers-cum-exporters who have been allowed zero rating on inputs are in a quandary as to how they will get refunds on those items which are yet to be...
EU offers deal to US on farm subsidy GENEVA, July 8: EU trade chief Peter Mandelson had offered deal to the United States to boost talks on liberalizing global commerce, with Brussels ready to lower tariffs on agricultural produce...		Use of CNG in vehicles on rise ISLAMABAD, July 8: Pakistani efforts to promote the use of cheap compressed natural gas (CNG) in vehicles are bearing fruit and the industry could be worth up to $400 million in the next three years, an energy official said on Friday....
Plgmea seeks freight subsidy KARACHI, July 8: Leather garment exporters have not received a single freight subsidy claim from their banks even after six months of the announcement of the subsidy....		Pakistanis purchase Chinese sugar LONDON, July 8: Private Pakistani buyers have bought a few cargoes of Chinese white sugar for shipment in July and August, traders said on Friday. They said one deal had been...
US company to launch new projects KARACHI, July 8: Pakistan-American financial company -– Anchor Finance Group — will enter into new projects, including e-commerce, Exim Bank credit, insurance and mortgage banking in Pakistan....		Karachi Port operations KARACHI, July 8: Three vessels carrying palm oil, DAP fertilizer and containers are expected to arrive at the outer anchorage on Saturday, according to KPT sources....