July 27, 2005	Wednesday	Jumadi-us-Sani 19, 1426

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Southern Region’s collection up 15pc: 2004-05 KARACHI, July 26: The Southern Region of Income Tax collected Rs25.109 billion during 2004-05 compared to Rs22.469 billion the previous year, showing an increase of 15 per cent....		Efficient export processing to attract investors ISLAMABAD, July 26: The availability of efficient export processing arrangement could help in attracting a huge export-oriented foreign investment to Pakistan, says a report. “In developing its exports today, Pakistan faces...
South Asian power grid yet to be installed DHAKA, July 26: The Bangladesh’s state minister for power regretted on Tuesday that the South Asian power grid could not be installed for ensuring a reserve of 100,000 megawatt of power in the region even for years after the plan....		Seafood export to EU may begin from next month ISLAMABAD, July 26: Pakistan is likely to lift the self-imposed ban on export of seafood to the European Union member countries from next month following the implementation of quality standards of seafood under the European Commission Food Safety Act....
EoIs for Javedan Cement invited ISLAMABAD, July 26: The Privatization Commission has invited expressions of interest (EoIs) from interested parties to privatize Javedan Cement Limited (JCL) on ‘as is where is’ basis through the sale of its 96.34...		Engro expects Rs785m profit KARACHI, July 26: Engro Pakistan Limited is expected to announce profit after tax (PAT) in the range of Rs673 to Rs785 million (the first figure representing estimates by Elixir Securities and the second by First Capital Equities)....
Rice prices stable amid slack trade KARACHI, July 26: Pakistani rice prices held steady over the past week amid slow trade and exporters said on Tuesday no major activity was expected in the days ahead as they had exhausted stocks....		Oil prices rise ahead of US crude stock data LONDON, July 26: World oil prices overcame early losses to climb on Tuesday, as dealers expected large falls in crude stockpiles when the US government publishes its weekly energy inventories report on Wednesday....
Bearish spell continues on stock market KARACHI, July 26: Trading on the stock market on Tuesday showed a slight improvement as some of the leading shares came in for active short-covering at lower levels amid higher volume....		Prices decline on cotton market KARACHI, July 26: Cotton prices on Tuesday declined from the recent higher levels in the absence of active support both from spinners and mills amid dull trading....
Views sought on taxation measures ISLAMABAD, July 26: The Central Board of Revenue has invited representatives of all chambers of commerce and industry and trade associations for seeking their suggestions and views on the taxation measures announced in the budget 2005-06....		Chinese bid to take over US oil firm in jeopardy WASHINGTON, July 26: US lawmakers on Tuesday agreed the text of a legal measure that would delay any Chinese takeover of US oil firm Unocal Corp....
Asean sets up uplift fund VIENTIANE, July 26: Southeast Asian foreign ministers agreed on Tuesday to set up an Asean Development Fund aimed at narrowing the economic and development gap among its 10 members....		US consumer confidence WASHINGTON, July 26: US consumer confidence slipped in July after a big gain in the previous month as petrol pump prices reached new highs, a private-sector survey said on Tuesday....
Karachi Port operations KARACHI, July 26: Eight vessels carrying coal, palm oil and steel cargo are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....		Port Qasim KARACHI, July 26: Three ships carrying containers, edible oil and chemicals were berthed at QICT, MPT and EVT during the last 24 hours, said a PQA press release on Tuesday....
Asian stocks consolidate on a solid footing HONG KONG, July 26: Asian stocks consolidated on Tuesday amid mild profit-taking with sentiment only partially impacted upon by weakness on Wall Street and some concern over oil prices, dealers said....		Dollar higher against yen LONDON, July 26: The dollar climbed against the yen on Tuesday on fading expectations of there being further revaluation of the yuan soon, while the euro struggled despite further improvement in German business confidence....
Palm oil futures rebound KUALA LUMPUR, July 26: Malaysian crude palm oil futures rebounded on Tuesday after a rise in rival Chicago soyaoil prompted buyers to lend support to a market that had lost almost four per cent in the previous two sessions....		London sugar up LONDON, July 26: Fund buying helped push London white sugar futures to new contract highs on Tuesday as dealers banked on a strong New York open to keep the market firm....