August 12, 2005	Friday	Rajab 6, 1426

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Retailers selling LPG at Rs45/kg KARACHI, Aug 11: The price of Liquefied Petroleum Gas (LPG) has touched Rs45 at retail level from Rs35 a kg 10 days back. The gas was selling at Rs25-26 per kg in the month of May and June this year....		SECP-KSE ties sour to irremediable extent KARACHI, Aug 11: The chairman, Securities and Exchange Commission of Pakistan (SECP) Dr.Tariq Hasan when asked if he wished to respond to the comments by the Board of Directors of the...
Pakistan wants India to reduce tariffs NEW DELHI, Aug 11: India should lower tariffs and grant greater market access to Pakistani products, reciprocating moves by Islamabad to improve trade ties between the two countries, a top Pakistan government official said on Thursday....		NTC starts dumping probe against Indians ISLAMABAD, Aug 11: The National Tariff Commission (NTC) has started anti-dumping investigation into alleged dumping of Phthalic Anhydride (PA) into Pakistan by exporters from India....
Selling spree continues on stock market KARACHI, Aug 11: Stock market on Thursday lacked normal trading interest as leading investors seemed to be more active on the selling side rather than buying at the dips in the absence of new positive guiding factors....		Prices stay firm on cotton market KARACHI, Aug 11: Cotton market on Thursday maintained firm trend despite reports of steady arrivals of the new crop from the lower Sindh cotton belt as spinners lifted all the lots offered by the ginners....
Oil surges to $66 on sky-high demand LONDON, Aug 11: World oil prices rocketed to historic peaks as high as $66 on Thursday, owing to huge speculative buying, sky-high global demand and continued refinery outages in the United States, analysts said....		Current account deficit hit $1.526bn in 2004-05 KARACHI, Aug 11: Pakistan’s current account showed a deficit of $1.526 billion in the last fiscal year ended in June 2005, according to data released by the State Bank....
First sugar shipment arrives LONDON, Aug 11: The first shipment of around 19,000 tons of white sugar out of the 100,000 tons bought by the state-run Trading Corporation of Pakistan (TCP) in a recent tender...		TCP floats last tender for cotton sales KARACHI, Aug 11: The Trading Corporation of Pakistan (TCP) has issued last tender for sale of cotton to local bidders which will be opened on Saturday....
Engineering goods export KARACHI, Aug 11: Engineering Development Board (EDB) has embarked upon a plan to enhance engineering goods exports, which globally have a share of over 63 per cent of the world trade....		Commodities share in taxes raised ISLAMABAD, Aug 11: The government has raised maximum share of a few commodities in federal taxes and duties, sources during the year 2004-05, suggesting that the tax base was shrinking....
PC receives 17 EoIs for PECO land ISLAMABAD, Aug 11: The Privatization Commission has received 17 expressions of interest (EoIs) from the parties interested in the purchase of blocks ‘A’ and ‘B’ land owned by Pakistan Engineering Company...		MCB earns Rs4.2bn profit KARACHI, Aug 11: The MCB (Muslim Commercial Bank) earned a pre-tax profit of Rs4.2 billion during January-June 2005, up 91 per cent from pre-tax profit of Rs2.2...
Dollar under pressure LONDON, Aug 11: The dollar weakened against the euro and yen Thursday on the eve of US trade data that is expected to show a widening deficit, analysts said....		US to monitor yuan: Snow MOUNT PLEASANT, Aug 11: US Treasury Secretary John Snow said on Thursday the United States would continue to monitor China’s currency regime and meet with Chinese officials to discuss prospects for the yuan....
Asian stocks mixed on record high oil prices HONG KONG, Aug 11: Asian stocks closed mixed on Thursday as ever steeper oil prices, which prompted a slide on Wall Street, and the prospect of rising interest rates dominated market sentiment, dealers said....		Gold drifts in Europe LONDON, Aug 11: A weakened dollar kept gold prices towards the top end of a week-long trading range in Europe on Thursday, but traders said the market was mostly neutral and could go either way....
Karachi Port operations KARACHI, Aug 11: Berthing activity at the Karachi Port on Thursday was maintained on the higher side as the port agencies tried to clear the backlog owing to inward rush of foreign flag vessels....		Port Qasim KARACHI, Aug 11: Three ships carrying diesel oil, chemicals and containers were allotted berths at QICT, Fotco Terminal and EVT during last 24 hours, said a PQA press release on Thursday....