July 14, 2005	Thursday	Jumadi-us-Sani 6, 1426

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Inflation rose by 9.28pc in 2004-05 KARACHI, July 13: Inflation rose by 9.28 per cent in fiscal year 2005 as Pakistan’s economy grew faster than targeted and policy makers failed to kill inflationary expectations through timely moves....		Big wheat supply, price crisis brewing KARACHI, July 13: With Ramazan hardly 14 weeks away, the government appears to be confused and indecisive in tackling the brewing wheat supply and price issue which may blow up into a big crisis....
WTO moot ends on pessimistic note DALIAN (China), July 13: WTO trade ministers were nearly unanimous in their disappointment over ongoing global trade liberalization talks here on Wednesday, expressing concerns the negotiations would collapse....		Saudi Arabia, Pakistan to set up new firm: Land development ISLAMABAD, July 13: Saudi Arabia and Pakistan have allowed their joint investment company to set a new “Saudi Pak Property and Infrastructure Development Company Limited” with the collaboration of United Arab...
Gloom on stock market after trains’ collision KARACHI, July 13: Stocks on Wednesday lacked normal trading as leading investors adhered to the sidelines most of the time, allowing jobbers and short-dealers to play on both sides of the fence amid fractional price changes....		Listless trading on cotton market KARACHI, July 13: Trading on the cotton market on Wednesday remained listless as spinners and mills adhered to the sidelines after having lifted well over 80,000 bales from the TCP’s Monday auction....
Online tax payment creating problems KARACHI, July 13: Taxpayers are facing problem in getting their ‘challans’ processed and even depositing of tax amount following the hooking up of all designated branches of the National Bank of Pakistan with the Income Tax Department....		SBP bars clean loans for IPOs KARACHI, July 13: The State Bank has asked all banks to ensure that their clean lending is not used by borrowers to subscribe stocks at the Initial Public Offerings (IPOs)....
Oil prices dip despite fall in US inventories LONDON, July 13: World oil prices fell on Wednesday after the weekly US snapshot showed a drop in crude reserves and a build-up in distillate stocks and while the focus remained...		Specification for wheat import notified ISLAMABAD, July 13: The government has notified specifications for availing exemption from customs duty on import of wheat by the private sector. The notification SRO709 of 2005 issued here on Wednesday...
Pakistan to host G20 meeting DALIAN, (China) July 13: Pakistan will host G-20 ministerial meeting in the second week of September in a bid to adopt a comprehensive strategy for free access of its products in the markets of developed countries....		Exports to Kabul via NWFP up by 37pc in 2004-05 PESHAWAR, July 13: Goods worth Rs51 billion were exported to Afghanistan via NWFP during 2004-05 financial year registering a growth by about 37 per cent in comparison with the 2003-04 fiscal year, according to official sources....
CBR wages war against illegal trade channels ISLAMABAD, July 13: The Chairman Central Board of Revenue (CBR) M. Abdullah Yousuf on Wednesday directed all the collectors of customs to come up with concrete suggestions for resolving the issues...		Need for investor education stressed QUETTA, July 13: Securities and Exchange Commission of Pakistan Chairman Dr Tariq Hassan has underlined the need for educating potential investors to attract investment in capital market....
Profit rates KARACHI, July 13: Habib Bank Ltd. has announced 0.1 per cent return on saving deposits up to Rs20,000 and one per cent return on deposits of more than Rs20,000 for the half year ended on June 30, 2005....		Palm oil prices KUALA LUMPUR, July 13: Malaysian crude palm oil futures retraced slightly on Wednesday, snapping a four-day gain, after CBOT soyaoil fell in Asian trade on profit-taking....
Port Qasim KARACHI, July 13: Two ships carrying containers and chemicals were allotted berths at QICT and EVT during the last 24 hours, said a PQA press release on Wednesday....		Karachi Port operations KARACHI, July 13: Nine vessels carrying containers, general cargo and to load molasses are due to arrive at the outer anchorage on Thursday, according to KPT sources....