May 20, 2005	Friday	Rabi-us-Sani 11, 1426

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Eight more categories come under US quota: Chinese textiles KARACHI, May 19: The United States on Wednesday slapped quotas on eight more categories of textiles and apparels originating from China thereby bring the total number of categories under restrictive ceiling...		Experts warn of legal implications: Investment treaty ISLAMABAD, May 19: Law officers have advised the government to temporarily halt negotiations with foreign countries on Bilateral Investment Treaties (BITs) to avoid painful “legal implications”. Informed sources told Dawn that...
Trade gap with ACU stood at $204m in 2004 KARACHI, May 19: Pakistan’s exports to its six fellow countries in the Asian Clearing Union (ACU) totalled $507.8 million in 2004 whereas its imports from these countries reached $712.6 million. Thus...		Financial advisers for bidding shortlisted: Thermal power projects ISLAMABAD, May 19: The federal government has cleared three local and international firms, out of a total of 20, for final selection as financial adviser for the competitive bidding of three...
Rs5.868bn allocated for Karachi Port uplift KARACHI, May 19: The Karachi Port Trust (KPT) has allocated record amount of Rs5.868 billion for its annual development programme (ADP) for the financial year 2005-06. The allocation is 22 per...		Beijing for dialogue to settle dispute BEIJING, May 19: China appealed to the United States on Thursday to settle a dispute over surging Chinese textile imports through dialogue instead of imposing quotas unilaterally. “No side should take...
KSE clears sale offers of UBL, Chenab KARACHI, May 19: The offer for sale documents of United Bank Limited and prospectus/offer for sale of Chenab Limited were cleared by the Karachi Stock Exchange, the bourse stated in a...		Online banking KARACHI, May 19: There is a possibility that by the end of 2006 all bank branches in the country would be online and will be providing retail banking services and products...
UNIDO to organize workshop on fisheries KARACHI, May 19: The United Nations Industrial Development Organization (UNIDO) is fielding two international experts in fisheries Dr Michael Dillon and Peter Davison to provide action plans for improvement of fisheries...		UK wants increased trade with Pakistan QUETTA, May 19: Hamesh Daniel, British deputy high commissioner based in Karachi, has said that his country wants to enhance investment and economic ties with Pakistan. Speaking to the business community...
Stocks recover 66 points amid mixed trading KARACHI, May 19: Stocks on Thursday turned mixed as investors played on both sides of the fence without taking long positions on any of the counters amid light trading. Selective support,...		Prices stay firm on cotton market KARACHI, May 19: Cotton prices on Thursday ruled steady around the previous levels but spinners and mills were conspicuous by their absence in view of the approaching TCP auction on Saturday....
Seven EoIs received for Badami Bagh land ISLAMABAD, May 19: The Privatization Commission has received seven expressions of interest (EoIs) from the interested parties to participate in the bidding for purchase of the land at Badami Bagh, Lahore,...		Karachi Port operations KARACHI, May 19: Five ships including a rice loader, Pearl, are expected to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was brisk...
Karachi market rates KARACHI, May 19: The following were Thursday’s commodity market rates in rupees....		Indus Motor investment KARACHI, May 19: Indus Motor Company (IMC) will invest Rs500 million in its manufacturing facility to exceed its total investment to Rs3.2 billion from Rs2.7 billion, says the company’s press release....
Oil prices rebound LONDON, May 19: World oil prices rebounded on Thursday on concern over strike action at refineries belonging to French energy giant Total in France, analysts said. Prices rallied after hitting fresh...		Palm oil lower KUALA LUMPUR, May 19: Malaysian crude palm oil futures ended almost flat on Thursday as late selling erased gains built on the back of higher US soyaoil and talk of good...