July 19, 2005	Tuesday	Jumadi-us-Sani 11, 1426

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Farm sector to get Rs130bn in 2005-06 KARACHI, July 18: Banks will disburse Rs130 billion credit to the farming sector during the current fiscal year ending in June 2006. This will be part of the overall private sector...		Pakistan received record FDI in 2004-05 ISLAMABAD, July 18: Pakistan attracted the highest ever $1.5 billion Foreign Direct Investment (FDI) in 2004-05 compared to $949.4 million of 2003-04. Board of Investment Chairman Waseem Haqqie told Dawn on Monday that there has also been $152.6...
20 local, foreign firms vie for power projects ISLAMABAD, July 18: Pakistan has received a total of 35 applications from 20 local and foreign companies to set up around 1,300-mw of three thermal power stations in Lahore, Uch and Faisalabad at an estimated investment of $1 billion....		Oil prices retreat as storm fears recede LONDON, July 18: World oil prices fell on Monday on receding concerns for Gulf of Mexico platforms and refineries as Hurricane Emily looked set to steer clear of US oil installations, dealers said....
Dumping duties imposed on three Chinese exporters ISLAMABAD, July 18: The National Tariff Commission (NTC) on Monday imposed provisional anti-dumping duties on three specific Chinese exporters who dumped Urea Formaldehyde Moulding Compound (UFMC) in Pakistani market....		Pakistan, Malaysia begin FTA talks ISLAMABAD, July 18: Pakistan and Malaysia will finalize a list of items by the end of the current month for consideration under the Early Harvest Programme (EHP) — zero rate of duty....
Monetary growth seen at 13.5pc: NCCC meeting tomorrow KARACHI, July 18: The National Credit Consultative Council (NCCC) is meeting here on Wednesday to discuss credit plan under which monetary expansion is expected to be projected at 13.5...		Three Atlas funds declare dividends KARACHI, July 18: The Atlas Asset Management Limited (AAML), an Atlas Group company, has announced the dividends for its two open-ended and one closed-ended mutual fund....
Tax treaty ISLAMABAD, July 18: Pakistan and Switzerland will sign on Tuesday a revised convention on avoidance of double taxation with regard to income and prevention of fiscal evasion between the two countries....		PICIC-bank merger by Sept-end KARACHI, July 18: PICIC Commercial Bank will be merged with Pakistan Industrial Credit and Investment Corporation to become PICIC Bank by September 30, 2005. This was stated by PICIC Managing Director...
Dividend KARACHI, July 18: The management company of UTP-Income Fund (UTP-IF), ABAMCO Ltd, announced stock dividend (bonus) of 10.25 per cent, i.e. Rs51.25, which is the highest dividend payout by any fixed income fund for the financial year ended June 30, 2005....		Trading volume drops to three-month low KARACHI, July 18: Trading volume at the Karachi stock market plunged to just 90 million shares on Monday, as investors remained on the sidelines. Euphoria built up over Saturday’s meeting of...
ICMAP results KARACHI, July 18: The National Council of the Institute of Cost and Management Accountants of Pakistan (ICMAP) announced Spring (Summer - 2005) session result on Monday, says a press release....		New markets LAHORE, July 18: LCCI President Mian Misbah-ur-Rehman urged the Export Promotion Bureau to explore new markets and new products to reduce country’s dependence on a few commodities and countries....
Steady conditions on cotton market KARACHI, July 18: Steady conditions prevailed on the cotton market on Monday where trading in new crop from lower Sindh started. However, the trading volume remained slow as traders’ attention remained focused on tender opening of the Trading Corporation of Pakistan....		Palm oil lower SINGAPORE, July 18: Malaysia’s crude palm oil futures fell across the board on Monday on persistent worries about slow demand from main consumers in coming months....