July 29, 2005	Friday	Jumadi-us-Sani 21, 1426

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Shippers call for common strategy: Checking rising freight KARACHI, July 28: Members of the Association of Shippers’ Councils of Bangladesh, India, Pakistan and Sri Lanka (ASCOBIPS) on Thursday stressed the need for evolving a common strategy to face the ever-rising freight charges....		Cement import unlikely proposition KARACHI, July 28: The currently debated duty-free import of cement appears as an unlikely proposition, considering that after accounting for excise duty, packaging costs, inland transportation cost and retailers’ margin, the...
Changes in law to protect exporters sought KARACHI, July 28: Director General Ports and Shipping Capt. Anwar Shah has said that there is no legislation to control the activities of foreign shipping lines, which allegedly resort to frequent freight hikes and other charges....		Withdrawal of RD on flour export to Kabul demanded ISLAMABAD, July 28: The Pakistan Flour Mills Association (PFMA) has demanded of the government to withdraw the 15 per cent regulatory duty on export of wheat flour to Afghanistan....
Decisions to revive stock market soon: Salman Shah KARACHI, July 28: The Advisor to the Prime Minister on Finance and Economic Affairs Dr Salman Shah says that at a meeting here on Friday he will firm up the measures proposed to revive the stock market....		SSGC takes over Perac KARACHI, July 28: Sui Southern Gas Company on Thursday took over the management of Petroleum Refining and Petrochemical Corporation (Perac) at a simple signing ceremony held at the SSGC head office here....
State Oil declares dividend of Rs10 KARACHI, July 28: Pakistan State Oil (PSO) on Thursday announced a cash dividend of Rs10 per share (100 per cent) after reporting an after-tax profit of Rs5.7...		Transfers, postings in CBR ISLAMABAD, July 28: The Central Board of Revenue (CBR) has transferred and posted 78 officers of customs, sales tax and federal excise group. According to the notifications issued on Thursday, Faiz...
PIA joins WBCSD KARACHI, July 28: The Pakistan International Airlines (PIA) has joined the World Business Council for Sustainable Development (WBCSD), a coalition of 175 international companies from 35 countries and 20 major industrial sectors....		Trade bodies seek removal of circulars: Consolidators KARACHI, July 28: Seven leading trade bodies representing exporters have asked the State Bank of Pakistan (SBP) to immediately withdraw circular No. 23 of 1992 and the subsequent circular No....
Poland for increased trade with Pakistan QUETTA, July 28: Poland wants to enhance its cooperation with Pakistan in the filed of alternative energy technology and development of small and medium enterprises and industries in Balochistan....		New version of CDS from Aug 1 LAHORE, July 28: The Central Depository Company (CDC) on Thursday announced the launch of a reorganized version of its existing central depository system from August 1....
Stock market fails to sustain early run-up KARACHI, July 28: Stocks on Thursday staged a broad recovery on active short-covering in a highly oversold market aided by reports of higher corporate announcements and expected positive outcome of the...		Trading in new cotton crop resumes KARACHI, July 28: Trading in new crop from lower Sindh ginneries resumed on Thursday, but analysts said selling rates were on the lower side as earlier speculated....
Karachi Port operations KARACHI, July 28: Seven vessels carrying steel cargo, containers and high-speed diesel are due to arrive at the outer anchorage on Friday, according to KPT sources....		Prgmea to hire foreign consultant SIALKOT, July 28: Pakistan Readymade Garments Manufacturers & Exporters Association (Prgmea) has decided to hire foreign consultants in collaboration with Export Promotion Bureau for the advanced packaging and marketing of garment items....
China sugar exports to Pakistan BEIJING, July 28: China, which itself is short of sugar this year, is expected to export an additional 280,000 tons of white sugar to Pakistan under tolling arrangements, traders said on Thursday....		Euro gains LONDON, July 28: The euro gained ground against the dollar on Thursday ahead of the latest measure of US economic growth, the gross domestic product report, due on Friday....
NBP KARACHI, July 28: World renowned The Banker magazine has rated National Bank as one of the top 10 banks in the world in terms of best profit on capital....		Union Bank KARACHI: In a survey conducted by Consumers Association of Pakistan (CAP), consumers have voted Union Bank as the best bank for its customer service and product range, says a press release....