11 January 2005	Tuesday	29 Ziqa'ad 1425

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Trade deal: directive to commerce ministry ISLAMABAD, Jan 10: Prime Minister Shaukat Aziz has directed the commerce ministry to seek his prior permission for initiating any move for the preferential trade arrangement (PTA) with any country. ...		Market access ISLAMABAD, Jan 10: Federal Minister for Textile Industry Mushtaq Ali Cheema said on Monday that government was working on a strategy to increase market access for textile products in the world market. ...
Regional economic cooperation stressed ISLAMABAD, Jan 10: Speakers at a conference have demanded for promotion of regional economic cooperation and integration, which they termed an important instrument for expediting the process of economic development. ...		Tsunami fails to dampen equity market recovery KARACHI, Jan 10: The recent disaster in the South Asian and Far Eastern countries due to tsunami waves in the Indian Ocean was unable to shake confidence of investors in world equity markets, including that of Asia. ...
National Savings may be made corporation ISLAMABAD, Jan 10: Officials of the ministry of finance are going through various drafts prepared and submitted by the Central Directorate of National Savings (CDNS) recommending independent status for the organization. ...		Germany, UAE to invest $3bn: Hydel power, car plant ISLAMABAD, Jan 10: Germany and UAE will invest $3 billion in hydel power generation and production of Mercedes Benz cars and trucks in Pakistan. ...
New customs clearing system KARACHI, Jan 10: Karachi International Container Terminal (KICT) in collaboration with Pakistan Customs on Monday organized a seminar to brief the business community regarding automated customs clearance system ...		Alternative energy being promoted ISLAMABAD, Jan 10: A four-member delegation led by President, BBI International and Bio-fuels Canada, Mike Bryan, called on Petroleum and Natural Resources Minister Amanullah Khan Jadoon here on Monday ...
FBS delays trade figures for Dec KARACHI, Jan 10: The Federal Bureau of Statistics has not released import-export figures for December even after the expiry of the ten days of January. ...		Singapore firm buys stake in NIB KARACHI/SINGAPORE, Jan 10: Singapore state investment agency Temasek Holdings Pte Ltd said on Monday it had agreed to buy 25 per cent of NDLC-IFIC Bank Ltd (NIB), a small Pakistani commercial bank. ...
Oil rises by over $1 on supply fears LONDON, Jan 10: Crude oil futures jumped by more than $1 on Monday on supply worries, as storms halted production at a North Sea platform and meteorologists forecast a cold snap in the United States. ...		Dollar gains against euro LONDON, Jan 10: The dollar headed back towards seven-week highs against the euro in thin trading on Monday after the single European currency struggled to sustain a recovery above $1.31, dealers said. ...
Cotton prices steady despite bumper crop KARACHI, Jan 10: Trading on the cotton market on Monday resumed on a firm note as ginners were not inclined to lower their asking prices and held on to their unsold positions entertaining further increase in prices. ...		Stocks stage another smart rally of 165 points KARACHI, Jan 10: The KSE 100-share index on Monday maintained its upward drive as a section of upcountry punters are not inclined to take even a technical breather and pushed it well above the barrier of 6,400 and close to its next target of 6,500. ...