September 1, 2005	Thursday	Rajab 26, 1426

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No change in condition of 51.5pc households: PSLM survey 2004-05 ISLAMABAD, Aug 31: More than 51.5 per cent households in the first round of Pakistan Social and Living Standards Measurement (PSLM) survey have reported no change in their economic condition during the last year....		SBP keeps export finance rate unchanged KARACHI, Aug 31: The State Bank says it has decided to keep export refinance rate of 7.5 per cent unchanged for the second consecutive month in September....
Kibor shows stability in July-August KARACHI, Aug 31: Karachi interbank offered rate (Kibor) has become a bit stable in the first two months of the current fiscal year, after showing a sharp spike in the last year....		Belarus in search of local partners: Tractor assembly plant KARACHI, Aug 31: A leading foreign tractor making company is searching for a local partner in Pakistan for setting up an assembly plant. Belarus, Minsk Tractor Works, has informed the Ministry of Industries and Production about its plans....
Abamco 30 free float index goes live KARACHI, Aug 31: Commencing Thursday, September 1st, 2005, the Abamco 30 Index, Pakistan’s first free float market capitalization based Index, will be going live and will be accessible through the Abamco Website (www.abamco.com/a30)....		Etisalat to take over PTCL on 18th KARACHI, Aug 31: Emirates Telecommunications, which won 26 per cent stake and management control of the Pakistan Telecommunication Company in a June auction, will take over the telecoms utility on Sept 18....
July-Aug revenue collection up 14pc ISLAMABAD, Aug 31: The Central Board of Revenue collected Rs74.1 billion revenue during the first two months (July-August 2005) of the current fiscal year, as against Rs64.863...		Draft of SME policy finalized LAHORE, Aug 31: The final draft of the SME policy has been sent to the industries and production ministry for its circulation among the relevant ministries and provinces before forwarding it to the Federal Cabinet for approval and implementation....
Oil prices decline LONDON, Aug 31: Oil prices eased on Wednesday after the United States said it would release oil from its Strategic Petroleum Reserve to help refineries left short of crude after Hurricane Katrina battered platforms....		WT statement filing date extended ISLAMABAD, Aug 31: The Central Board of Revenue has extended the date for filing of annual statement of withholding tax up to September 15, 2005. An official announcement on Wednesday said...
Bullish spell continues on stock market KARACHI, Aug 31: Stocks on Wednesday rose further under the lead of oil shares on active buying triggered by higher corporate dividend and anticipatory buying in the oil shares amid reports...		Prices stay firm on cotton market KARACHI, Aug 31: Cotton market on Wednesday resisted fresh decline as unlike the previous sessions, ginners held onto their unsold positions rather than selling at the lower rates....
Insurance market expands KARACHI, Aug 31: The US-based ACE Insurance Limited ranks as an emerging market joining in league with Russia, Poland, Saudi Arabia and Egypt, the Chief Executive of the Emerging markets of...		Korean trade team to visit Pakistan KARACHI, Aug 31: A high-level trade delegation from Korea will visit Pakistan for the 8th joint business council meeting. In a statement issued here on Wednesday, the Federation of Pakistan Chambers...
PLGMEA wants EMDF board reshaped KARACHI, Aug 31: The Pakistan Leather Garment Manufacturers and Exporters Association (PLGMEA) on Wednesday requested the ministry of commerce to reconstitute its Export Marketing Development Fund (EMDF) board on a similar pattern to the Export Development Fund (EDF) board....		First Dawood Islamic Bank KARACHI, Aug 31: First Dawood Investment Bank along with some other institutions has sponsored First Dawood Islamic, Bank which has been incorporated with a capital base of Rs2 billion....
Karachi Port operations KARACHI, Aug 31: Four ships including two vessels with about 24,000 tons of sugar are due to arrive at the outer anchorage on Thursday, according to KPT sources....		London sugar higher LONDON, Aug 31: London white sugar futures rose on trade and speculator buying at midday on Wednesday amid sentiment that supplies are tight, traders said. Front-month October touched a new contract high of $313.00...
Service contract KARACHI, Aug 31: The government has extended the service contract of Captain Anwar Shah, Director General, Ports and Shipping Wing, Ministry of Ports and Shipping for a period of two years with effect from July 20, 2005 to July 19, 2007....		Karachi market rates KARACHI, Aug 31: The following were Wednesday’s commodity market rates in rupees....