July 26, 2005	Tuesday	Jumadi-us-Sani 18, 1426

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Measures under way to speed up clearance: Wheat, meat imports KARACHI, July 25: Importers of wheat and meat have been called in Islamabad on Wednesday for a meeting with Dr Salman Shah, Prime Minister’s Adviser on Finance, to discuss quarantine arrangements...		NFC composition may stir legal battle KARACHI, July 25: The provincial governments are seeking advice from the legal and constitutional experts on inclusion of the name of federal government’s adviser Dr Salman Shah on the ten-member National Finance Commission constituted on Saturday by the President....
Private spending rises by 50pc KARACHI, July 25: “Over the past two years, Pakistan has experienced one of the largest surges in private spending in its history”, writes Sakib Sherani, strategist and economist at ABN AMRO Pakistan....		Afghanistan seeks more facilities for transit trade ISLAMABAD, July 25: Afghanistan has asked Pakistan to allow the licensed private “bonded carriers” in addition to Pakistan Railways to transport Afghan cargo from Karachi ports and Quetta/Chaman....
Ishrat calls exchange companies meeting KARACHI, July 25: The State Bank Governor Dr Ishrat Husain has summoned heads of all foreign exchange companies on Friday to tell them bluntly that their wrong-doings have reached levels that...		Pakistan to trim ATT negative list ISLAMABAD, July 25: Pakistan has decided to withdraw three items - tyres and tubes, television sets and its parts and telephone sets - from the negative list under the Afghan Transit Trade (ATT) agreement....
Thai firm interested in textiles, banks LAHORE, July 25: Hantex, a Thailand textile company, has expressed its interest in investment in textile and banking sectors in Pakistan. Talking to Lahore Chamber of Commerce and Industry acting president...		CBR inquiry wing abolished ISLAMABAD, July 25: The government has abolished the inquiry wing of the Central Board of Revenue head office and its sub-offices as part of the restructuring of the tax administration....
KSE 100-share index suffers fall of 48.55 points KARACHI, July 25: The trading volume on the stock market on Monday fell to a nine-month low, as a section of leading operators demonstrated in more than one ways that without...		Steady conditions on cotton market KARACHI, July 25: Trading on the cotton market on Monday resumed on a steady note as ginners held on to their positions seeking higher prices for their unsold stocks....
Waiver of fine period extended ISLAMABAD, July 25: The Central Board of Revenue has extended the waiver of fine, additional tax, penal surcharge and penalties upon payment of outstanding customs duty and sales tax and clearance of warehoused goods up to July 31....		Palm oil lower KUALA LUMPUR, July 25: Malaysian crude palm oil futures fell almost 2 per cent on Monday, extending losses from the previous week as export estimates for July remained soft amid a lack of direction from rival soyaoil....
Karachi Port operations KARACHI, July 25: Five vessels carrying containers, project cargo and steel are due to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at the wharves was...		Trade policy ISLAMABAD, July 25: The government is paying a special emphasis on the promotion of the SME sector that plays a pivotal role in strengthening the economy....
Postings KARACHI, July 25: Khaleeq Kayani has joined the JS Group as vice-chairman and group CEO. Mr Kayani has worked with major international and domestic financial institutions, such as Bank of America,...		Rating KARACHI, July 25: JCR-VIS Credit Company has maintained the insurer financial strength (IFS) rating of Excel Insurance Company at double B. “The outlook on the rating has been revised upward from stable to positive,” says a press release....