July 20, 2005	Wednesday	Jumadi-us-Sani 12, 1426

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Traders to start wheat import in a few weeks KARACHI, July 19: Wheat import by the private traders is about to commence in next few weeks as the Federal Food Ministry has amended the wheat import notification to the satisfaction...		Tarin committee probes conflict of interest : Stock market crisis KARACHI, July 19: The high-powered committee set up to look into the problems of the stock market is investigating “conflict of interest” in the market. The committee headed by Shaukat Tarin...
China allows import of Pakistani rice BEIJING, July 19: The Chinese government on Tuesday issued a notification, formally allowing import of Pakistani rice. Any registered company in China can import rice from Pakistan with immediate effect, said officials at the Chinese commerce ministry....		Powers sought to raid booking agents’ offices: Properties in Dubai KARACHI, July 19: The local tax authorities are seeking powers to crack down on real estate agents who are involved in booking properties in Dubai resulting in flight of capital from the country, official sources told Dawn on Tuesday....
KSE 100-share index plunges by another 117 points KARACHI, July 19: Stocks on Tuesday fell across the board as investors tossed in vain between COT and bank margin financing, but there was no tangible improvement in the supply lines....		Cotton market lacks lustre KARACHI, July 19: The cotton market on Tuesday showed quietly steady trend as spinners and mills again neglected the ready section and tried to go along lint auctions by the TCP....
NSS rates High inflation to offset rise KARACHI, July 19: The government has increased the rates of return on National Saving Schemes or NSS by one percentage point to 2.04 percentage points for six months ending in December 2005....		Oil prices steady LONDON, July 19: World oil prices stabilized on Tuesday as Hurricane Emily looked set to pass by without causing too much damage to oil rigs, and as traders expected stormy Gulf of Mexico weather to impact on US stocks data....
Bike demand rose to 0.5m units in ’04-05 KARACHI, July 19: The market size of motorcycles has increased to over 500,000 units in 2004-05 from 100,000 units in 2001-02 while direct jobs have grown to 175,000 from 97,000 in the last five years....		COT issue keeps dragging its feet KARACHI, July 19: A notice circulated among members by the Karachi Stock Exchange (KSE) on Tuesday evening stated that the increase in the COT value in excess of Rs12 billion was due to system limitation of order processing....
Provinces ignored in framing of trade policy ISLAMABAD, July 19: The federal government has ignored the four provinces for the first time in framing of trade policy for 2005-06. Informed sources told Dawn on Tuesday that in the...		Corporate identity KARACHI, July 19: Saudi Pak Commercial Bank launched the new corporate identity of the institution on Tuesday. Saudi Pak Bank President and CEO Mansoor M. Khan said that the new corporate...
Job cuts NEW YORK, July 19: US information technology giant Hewlett-Packard announced a major reorganization on Tuesday that would slash its workforce by 10 per cent, or 14,500 employees, by the end of next year.—AFP...		PIA attains membership of WEF KARACHI, July 19: Pakistan International Airlines has joined the World Economic Forum, an independent organization integrating leaders from business, government and academia into a partnership committed to improving the state of the world, and to shape global, regional and industry agendas....
BD raises petrol prices DHAKA, July 19: Bangladesh on Tuesday increased the price of per litre octane by Tk3 and that of petrol by Tk1 only a day after the finance minister said that there would be no immediate raise in the fuel prices....		Karachi Port operations KARACHI, July 19: Seven ships carrying containers and loading rice are expected to arrive at the outer anchorage on Wednesday, according to KPT sources. The berthing activity at the wharves remained...