August 6, 2005	Saturday	Jumadi-us-Sani 29, 1426

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PC stops PTCL from making new investment ISLAMABAD, Aug 5: The Privatization Commission (PC) has stopped Pakistan Telecommunication Company Limited (PTCL) from making any new investment or selling any thing till Etisalat of the United Arab Emirates (UAE) deposits its remaining amount of $2.25...		Farm sector needs Rs292.5bn credit KARACHI, Aug 5: Agriculture sector in Pakistan needs Rs292.5 billion credit during the current fiscal year or more than double the banking system is expected to offer....
Pakistan, China agree to zero duty on 52 items BEIJING, Aug 5: Pakistan and China have finalized two separate lists of 52 items on which duty will be reduced to zero by each side from January 1, 2006....		Import of new, used cars picking up LAHORE, Aug 5: Some 7,139 completely built units (CBUs), including 2,624 passenger cars, are reported to have found their way into the country during the first seven months (January-July) of 2005,...
11 parties in run for PPL, PSO sell-off ISLAMABAD, Aug 5: Pakistan has approved a total of 11 potential bidders to participate in the privatization of two state-run oil companies, the government said on Friday....		Engro to build new fertilizer plant KARACHI, Aug 5: Engro Chemicals Pakistan announced that it was considering to set up a new fertilizer plant having capacity of around 0.95 million tons, provided the government allocates gas for...
906 firms registered in July ISLAMABAD, Aug 5: The Securities and Exchange Commission of Pakistan (SECP) registered a record number of 906 companies in July 2005, which is four times higher compared to 239 companies registered the same month last year....		PM wants EPB a marketing organization ISLAMABAD, Aug 5: Prime Minister Shaukat Aziz on Friday asked the Export Promotion Bureau to come up with practical proposals to restructure the bureau as a marketing organization for introducing Pakistani brands in the international market....
Stocks finish weekend session with 14-point gain KARACHI, Aug 5: Stocks on Friday turned mixed as investors played on both sides of the fence but a selective support emerged strong in leading base shares apparently ignoring any possible...		Easy trend prevails on cotton market KARACHI, Aug 5: Easy conditions prevailed on the cotton market on Friday as both buyers and sellers kept to the sidelines as their price ideas could not find a meeting ground....
Call for joint ventures with Bangladesh, Myanmar KARACHI, Aug 5: Pakistan, Bangladesh and Myanmar should enter into trilateral joint ventures for high profits to all. A meeting between Pakistan’s High Commissioner-designate to Bangladesh, Alamgir Babar and members of...		Rs100m for SMEs KARACHI, Aug 5: Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen on Friday announced allocation of Rs100 million for the promotion of new industries particularly small and medium enterprises (SMEs)....
Mandatory disclosure requirements relaxed ISLAMABAD, Aug 5: The Securities and Exchange Commission of Pakistan (SECP) has relaxed the mandatory requirement regarding the disclosure of capacity of an industrial unit, its actual production and reasons for...		Gas output ISLAMABAD, Aug 5: BADR field gas will start production by November and will initially produce 45 million cubic feet gas per day, enhancing this capacity up to 60 million cubic feet in the following year....
Karachi Port operations KARACHI, Aug 5: Four ships carrying containers and steel scrap are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was active where five ships, T.M.M....		Palm oil ends lower KUALA LUMPUR, Aug 5: Malaysian palm oil futures surrendered earlier gains and closed lower on Friday, as weakness in rival soyaoil and the ringgit’s recovery from one-week lows weighed on the market....