August 4, 2005	Thursday	Jumadi-us-Sani 27, 1426

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Burden on consumers contained in July KARACHI, Aug 3: Except for increase in prices of onion and sugar by Re1 and Rs2 per kg, the burden on consumers’ monthly income was partially contained due to decline in...		Textiles hope to gain from yuan revaluation LAHORE, Aug 3: Pakistan’s textile industry that accounts for 60 per cent of the country’s total exports hopes to gain from China’s recent re-evaluation of its currency, yuan....
Readymade garments’ export faltering KARACHI, Aug 3: Pakistan’s readymade garments have taken a hard beating in the open price war environment since January this year on phasing out of the textile export quota regime as...		Govt giving Rs4bn subsidy on urea import ISLAMABAD, Aug 3: Prime Minister Shaukat Aziz said on Wednesday the government was giving Rs4 billion subsidy on import of 250,000 tons of urea to facilitate the farmers....
Infected betel nut floods market KARACHI, Aug 3: A large quantity of infected betel nut (chalia) has once again made its way into the local market, as some importers have managed to bypass the set rules...		T-bills’ yields increase modestly KARACHI, Aug 3: The State Bank on Wednesday raised treasury bills yields modestly, signalling that it will continue to follow a tight monetary policy to contain inflation but will keep interest rates stable when possible....
Decision on margin finance implemented KARACHI, Aug 3: The Karachi Stock Exchange on Wednesday got the bourses regulator’s nod about the release of brokers’ deposits against margin financing by banks and development finance institutions (DFIs)....		67 tax facilitation centres to be set up ISLAMABAD, Aug 3: The Central Board of Revenue has decided to establish 67 tax facilitation centres (TFCs) across the country following the abolition of over 700 income tax circles....
KSE 100-share index gains another 117 points KARACHI, Aug 3: Stocks on Wednesday extended the overnight run-up on renewed buying at attractive lower levels on reports that recommendations of the Shaukat Tarin committee are expected to get official...		Cotton market rules firm KARACHI, Aug 3: The cotton market on Wednesday showed firm trend followed by reports that picking operations of phutti in the lower Sindh cotton belt remained suspended owing to fresh heavy rain....
Unocal debacle not to deter CNOOC BEIJING, Aug 3: State-owned CNOOC’s failure to properly assess the political risks it faced in trying to acquire US oil major Unocal is a setback but it will not deter China’s...		Oil prices fall LONDON, Aug 3: World oil prices hit historic highs on Wednesday on supply concerns but later fell slightly after a surprise jump in US crude stockpiles....
Asian stocks close mixed HONG KONG, Aug 3: Asian stocks closed sharply mixed on Wednesday with investors cashing-up in markets which have recently rallied, while buying into those that have lagged over the past few weeks, dealers said....		Palm oil up KUALA LUMPUR, Aug 3: Malaysian crude palm oil futures rebounded on Wednesday, helped by a rally in rival US soyaoil, but gains were capped by worries about rising supply....
Karachi Port operations KARACHI, Aug 3: Six ships carrying steel scrap and containers are due to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was brisk...		Port Qasim KARACHI, Aug 3: Two ships with containers and diesel oil took berths at QICT and Fotco during the last 24 hours, said a PQA press release on Wednesday....