August 10, 2005	Wednesday	Rajab 4, 1426

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Heavy Japanese investment assured: PM meets businessmen TOKYO, Aug 9: Leading Japanese companies have agreed to invest in gas import pipeline projects –- with Iran, Qatar and Turkmenistan — besides a number of other industrial, tourism, energy and textile sectors in Pakistan....		Mutton, beef imports gaining momentum KARACHI, Aug 9: Import of meat from regional countries including India, China and Middle East is gaining momentum as in May-July around 730 tons of beef and 70 tons of mutton reached the country....
Govt package to boost textile exports: minister LAHORE, Aug 9: Commerce Minister Humayun Akhtar Khan says the government has announced several incentives for the country’s basic and value-added textile industry in the budget and the trade policy for...		CBR chief warns against misusing tax incentives ISLAMABAD, Aug 9: Central Board of Revenue Chairman Abdullah Yousuf on Tuesday warned businessmen of withdrawing tax incentives announced in the budget if they continued misusing it....
Transfer of fund rules relaxed for foreign airlines KARACHI, Aug 9: Foreign airlines operating in Pakistan will now be repatriating foreign exchange earned here through sale of tickets twice a month, under the latest ruling by the State Bank....		Etisalat appoints lead financiers for PTCL KARACHI, Aug 9: Etisalat International on Tuesday announced the appointment of mandated lead arrangers to fund $2.114 billion facility for financing its acquisition of 26 per cent equity in Pakistan Telecommunication Company Limited (PTCL)....
New market research for goods urged KARACHI, Aug 9: The business community has been asked to increase research on Pakistan’s export potential, especially untapped sectors, and on demand for products in regional and international markets....		IMF mission due on 14th to start review ISLAMABAD, Aug 9: A six-member IMF technical mission is due to arrive here on August 14 to start review of the measures announced in the budget of 2005-06 and projections for the next fiscal year....
Oil prices fall after hitting new peaks LONDON, Aug 9: World oil prices eased on Tuesday on profit-taking, after striking record heights on security concerns in the Middle East and disruptions to production facilities in the United States and Europe, analysts said....		East Asian economy to slow down: ADB MANILA, Aug 9: Economic growth in East Asia will remain robust but will slow down to 6.8 per cent in 2005 due to a less favourable external environment, the Asian Development Bank (ADB) forecast on Tuesday....
Bearish spell continues on stock market KARACHI, Aug 9: Stocks on Tuesday remained under pressure and fell across the board on renewed selling in the leading oil shares as negative rumours, which followed in quick succession, did not allow investors to take positions at the dips....		Prices ease on cotton market KARACHI, Aug 9: Cotton prices on Tuesday eased further by Rs25 per maund as spinners and mills opted for the new crop, which is available within their export parity levels, brokers said....
Karachi Port operations KARACHI, Aug 9: Seven ships carrying palm oil, steel and containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was...		Port Qasim KARACHI, Aug 9: Two ships carrying containers and chemicals berthed at QICT and EVT during the last 24 hours, said a PQA press release on Tuesday....