July 16, 2005	Saturday	Jumadi-us-Sani 8, 1426

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Iran likely to supply power, gas to Gwadar ISLAMABAD, July 15: Pakistan has approached Iran to supply electricity and gas to the Gwadar seaport city, it is learnt. Official sources told Dawn here on Friday that the government had...		Govt to broker talks between SECP and KSE KARACHI, July 15: It would be the negotiating skills -— perhaps more than the economic acumen — of Mr.Salman Shah, advisor to the Prime Minister on Finance and Mr Omar Ayub...
‘Inspection to make wheat import risky’ KARACHI, July 15: The government has allowed traders to import wheat with a provision that it will first be inspected by officials, and if they gave clean chit then it will be off-loaded from the carrier ship at Karachi Port....		HBFC to focus on lower, middle income groups KARACHI, July 15: The House Building Finance Corporation (HBFC) as a major policy shift would now focus on lower and middle income groups, which constitute 95 per cent of the total housing clientele....
Index recovers 64 points on active short-covering KARACHI, July 15: Stocks on Friday recovered from the recent lows on active short-covering in leading base shares triggered by the KSE decision to revive the parallel COT market along with...		Prices rise by Rs25 on cotton market KARACHI, July 15: Cotton prices on Friday were quoted higher by Rs25 per maund as pressure on ready supplies of lint continues followed by reports of dwindling unsold stocks with ginners....
Special teams to explore new taxpayers ISLAMABAD, July 15: The Central Board of Revenue on Friday decided to constitute special teams in field offices to explore new taxpayers. The decision is aimed at meeting the tax collection target of Rs690 billion set for the fiscal year 2005-06....		Italian oil, gas firm interested in PPL ON BOARD PRIME MINISTER’S SPECIAL PLANE: Prime Minister Shaukat Aziz has said that ENI (Energy National Hydrocarbon), the world’s sixth largest oil and gas company has shown interest to participate in the privatization of Pakistan Petroleum Limited (PPL)....
Exploration licence granted ISLAMABAD, July 15: The Government on Friday granted petroleum exploration licence over Block No.3271-2 (Dhermund) covering an area of 2412.23 sq kms to Saif Energy Limited, says a press release....		Working group on Thar coal project BEIJING, July 15: China and Pakistan have agreed to set up a joint working group to expedite work on Thar coal project and an agreement to this effect was arrived at...
SECP takes action against 25 companies ISLAMABAD, July 15: The Enforcement Department of the Securities and Exchange Commission of Pakistan (SECP) has identified 25 cases of violation of legal requirements by companies last month and took actions against them and their auditors....		Incentives sought to raise trade with Kabul PESHAWAR, July 15: Exports to Afghanistan can surpass the existing level of $1 billion if the Pakistan-funded Torkham-Jalalabad highway is completed soon and the export of products high in demand in...
Banks profit rates KARACHI, July 15: The National Bank has declared rate of PLS profit for the half year January 1, to June 30, 2005 as follows:...		Karachi Port operations KARACHI, July 15: Seven vessels carrying containers, steel coils and steel scrap are due to arrive at the outer anchorage on Saturday, according to KPT sources....