August 3, 2005	Wednesday	Jumadi-us-Sani 26, 1426

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Petroleum prices to be kept unchanged: Fighting inflation ISLAMABAD, Aug 2: Oil prices will remain unchanged for some time to curb inflationary trends and at the same time the government would improve the supply side to cut food inflation, says Prime Minister’s Adviser on Finance Dr Salman Shah....		$85m guarantee for PIA to buy seven aircraft ISLAMABAD, Aug 2: The Economic Coordination Committee (ECC) of the cabinet on Tuesday approved $85 million guarantee to Pakistan International Airlines (PIA) to purchase seven new ATR 42-500 turbo-prop aircraft to replace its decades-old fleet of Fokkers....
No decision yet to steer bourses out of crisis KARACHI, Aug 2: “We must sort out the issues”, Prime Minister Shaukat Aziz said at a meeting with Dr Salman Shah, adviser to the prime minister on finance, and chairman Securities and Exchange Commission of Pakistan, Dr Tariq Hasan on Monday....		Land to be offered on deferred prices: Industrial units KARACHI, Aug 2: The Chairman, Board of Investment (BoI), Waseem Haqqie, has said that the government is ready to offer land on deferred prices for setting up industrial units....
Banks, DFIs created 8,748 jobs in 2004 KARACHI, Aug 2: All banks and development finance institutions (DFIs) operating in Pakistan created 8,748 new jobs in 2004 but most of new jobs were outsourced....		Command centre proposed to check smuggling ISLAMABAD, Aug 2: The customs department has proposed the establishment of central command centre (CCC) and specialized wing for investigation and prosecution (WIP) to effectively control smuggling that causes huge losses to the national kitty every year....
Seafood exports to EU from 8th ISLAMABAD, Aug 2: The government has decided to lift a self-imposed ban on exports of seafood to 26 European Union countries from August 8 following the implementation of quality and standards of seafood under the European Commission food safety act....		Collection in July falls short of target ISLAMABAD, Aug 2: The Central Board of Revenue collected Rs33.589 billion in the month of July 2005 as against the target of Rs37.8 billion, indicating a fall of over 11 per cent....
Stock market crosses two barriers in one session KARACHI, Aug 2: Stocks on Tuesday shrugged off the recent hesitancy and staged a broad rally aided by strong institutional support amid hopes of a positive official decision on COT and margin financing....		Cotton market rules firm KARACHI, Aug 2: The cotton market on Tuesday maintained a firm trend as reports of fresh rain during the last two days have brightened the prospects of new crop in the Sindh cotton belt, ginners said....
Jewellers’ body lauds trade policy QUETTA, August 2: The All Pakistan Gems Merchants and Jewellers Association, Balochistan, has termed the new trade policy “gems and jewellers-friendly”. Speaking at a press conference here on Tuesday, association’s HE...		BD tea prices CHITTAGONG, Aug 2: The average price of Bangladesh teas rose more than one per cent to 77.53 taka ($1.19) per kg on higher overseas demand at the weekly auction on Tuesday....
Oil prices ease LONDON, Aug 2: World oil prices fell on Tuesday on profit-taking, a day after striking a historic peak above $62 in New York on supply concerns for the fourth quarter....		Palm oil lower KUALA LUMPUR, Aug 2: Malaysian crude palm oil futures closed lower on Tuesday after the country’s recently de-pegged currency strengthened against the dollar. Talk of a higher-than-expected production of palm oil in July also weighed on the market, dealers said....
Karachi Port operations KARACHI, Aug 2: Eight ships, carrying steel, steel scrap and a car carrier with 500 units, are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....		Port Qasim KARACHI, Aug 2: Four ships carrying containers, chemicals and edible oil were berthed at QICT and MPT during the last 24 hours, said a PQA press release on Tuesday....