DAWN - Business; May 28, 2006

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May 28, 2006	Sunday	Rabi-us-Sani 29, 1427

Azeri firms invited for oil, gas projects ISLAMABAD, May 27: Petroleum and Natural resources Minister Amanullah Khan Jadoon has invited Azeri companies for gas pipeline project, LNG, oil and gas exploration projects in Pakistan....		Industry wants cut in taxes, duties KARACHI, May 27: Industrialists expect an export and industry oriented budget for 2006-07, as they think the government has acknowledged that there is a need to curtail cost of doing business...
Inflation basket to be expanded ISLAMABAD, May 27: The government has decided to expand and restructure the basket of consumer price index (CPI) to 53 cities to make it more representative of the country’s inflation rate....		Arcelor, Severstal to purchase more steel assets MOSCOW, May 27: Arcelor and Severstal will consider more acquisitions after uniting to become the supplier of one-fifth of the steel used in the auto industry worldwide, senior company executives said on Saturday....

Tax experts for computerising land record KARACHI, May 27: The tax on income from agriculture cannot be assessed and collected judiciously unless the entire land record is computerised....		India may capture Pakistan’s basmati rice market ISLAMABAD, May 27: India has formally adopted Pakistan’s super basmati rice for official export that could cause a loss of up to 40 per cent of the world market to Islamabad for which exporters blame agriculture and commerce ministries....

LSMI shows marginal growth in output ISLAMABAD, May 27: The production of 58 Large-Scale Manufacturing Industries (LSMI) has recorded a marginal growth during the July-March period of the current fiscal year over the last year....		Africa plans green fund BRAZZAVILLE, May 27: Africa will create a fund to promote its unique environment and seek new ways of funding green reforms such as carbon credits and cancelling debts in return for conservation, ministers said....

Pakistan may not meet export target ISLAMABAD, May 27: The country is unlikely to achieve the revised export target of $17.4 billion by the end of fiscal year on June 30, 2006....		TCP buys 50,000 tons of white sugar KARACHI, May 27: The state-run Trading Corporation of Pakistan (TCP) on Saturday purchased 50,000 tons of white sugar at $489.25 per ton C&F Karachi, a company official said....

Iron ore talks SHANGHAI, May 27: China is prepared to allow stalled talks over the price of iron ore between its mills and foreign miners to drag on into next month, a Chinese official said Friday....		Loan growth HONG KONG, May 27: Bank of China aims to expand its loan business despite Beijing’s measures to curb lending and cool the country’s overheated property market, a Hong Kong newspaper reported on Saturday....

Kuwait to levy income tax KUWAIT, May 27: Kuwait’s cabinet will study a proposal to introduce income tax for the first time in the Gulf Arab country, a finance ministry official and state media said on Saturday....		Gas price increase criticised SUKKUR, May 27: The Sukkur Chamber of Commerce and Industry has voiced concern over the increase in gas prices by the Oil and Gas Regulatory Authority for domestic and commercial consumers....

SAP consultants KARACHI, May 27: SAP Solutions Academy has produced 500 SAP consultants in Pakistan during the last nine years to cater for more than 50 industrial and business concerns using SAP as the software of choice....		Port Qasim KARACHI, May 27: Four ships carrying containers, rice and chemicals were allotted berths at QICT and MPT during the last 24 hours, said a PQA press release on Saturday....