August 9, 2005	Tuesday	Rajab 3, 1426

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22,000 tons Chinese sugar arrives KARACHI, Aug 8: Two ships, Jat Na Mu and Asha Ashaiki, carrying 11,000 tons each of white refined sugar from China are due to take berths at the Karachi Port on...		Local, foreign parties vie for PPL, PSO KARACHI, Aug 8: The data room for the due diligence of Pakistan Petroleum Limited (PPL) will be opened on August 20, 2005, which will initiate the privatization of 51 per cent equity stake with management control in the oil exploration giant....
SBP moves against mini exchange companies KARACHI, Aug 8: The State Bank has suspended the licence of a Karachi-based exchange company besides issuing a show-cause notice to a Rawalpindi-based company for violation of the prescribed rules....		Customs duties rationalized ISLAMABAD, Aug 8: The government on Monday rationalized customs duties on a range of items to do away with various anomalies in the budget 2005-06. The decision has been taken on...
Imported wheat, flour cheaper for consumers KARACHI, Aug 8: Wheat and fine flour being imported from Russia and Turkey will be cheaper for consumers than local wheat and flour. It amply indicates the manipulation and distortions in...		Foreign firms urged to raise investment KARACHI, Aug 8: State Bank Governor Dr Ishrat Husain has called upon chief executives of multinationals and members of the Overseas Investors Chamber of Commerce and Industry to take the benefit of favourable investment policies of Pakistan for mutual benefit....
Oil touches new peak of $63.99 LONDON, Aug 8: World oil prices struck fresh record high points on Monday, reaching almost $64 in New York, as an unspecified threat caused the United States to shut its embassy in Saudi Arabia — the world’s biggest exporter of crude....		Indonesia, India eye $10bn trade by 2010 NEW DELHI, Aug 8: India and Indonesia are exploring the possibility of an accord that would boost bilateral trade threefold to $10 billion by 2010, visiting Indonesian Trade Minister Marie Elka Pangestu said on Monday....
KSE index falls 103 points on renewed selling KARACHI, Aug 8: The PTCL-led rally failed to extend itself on the stock market on Monday as stocks finished reacted from the early highs on renewed selling and no matching follow-up...		Trading in new cotton gathers momentum KARACHI, Aug 8: Trading in the new crop from lower Sindh ginneries is gathering momentum as spinners are willing buyers at around Rs2,325 or slightly above depending on the quality of lint....
European stock markets climb LONDON, Aug 8: European stock markets climbed on Monday, as strong earnings by the British-based bank Standard Chartered and an upbeat insurance sector helped London shrug off record high oil prices....		103 drawback notifications rescinded ISLAMABAD, Aug 8: The government has rescinded 103 duty drawback notifications. These notifications were rescinded through SRO782 of 2005 and SRO783 of 2005 issued here on Monday....
Chinese airlines sign $5.04bn deal BEIJING, Aug 8: Four Chinese airlines signed contracts worth $5.04 billion on Monday to buy 42 of Boeing’s new-generation 787 planes, the first firm orders for the jet from China with more on the way, officials said....		Preferential duty allowed ISLAMABAD, Aug 8: The government has allowed a preferential duty of five per cent on import of machinery, equipment and other items required for setting up and expansion of three-star and above hotels....
Bush signs energy bill NEW MEXICO, Aug 8: US President George W. Bush on Monday signed a sweeping energy bill he said would strengthen the US economy and eventually help wean the US from foreign sources of oil....		Gold little moved in Europe LONDON, Aug 8: Gold prices drifted down in London on Monday, tracking range-bound currency markets, although analysts said funds had scope to buy more. Spot gold was at $436.60/437.40...
Asian stocks close mixed HONG KONG, Aug 8: Asian stocks closed mixed in modest trade on Monday after a subdued performance by Wall Street and ahead of a decision by the United States Federal Reserve on interest rates....		Palm oil prices lower KUALA LUMPUR, Aug 8: Malaysian crude palm oil futures ended off their lows on Monday as buyers returned to the market after noting a rebound in prices of rival US soyoil....
Karachi Port operations KARACHI, Aug 8: Eight ships, including Jat Na Mu with 11,000 tons of sugar, are due to arrive at the outer anchorage on Tuesday, according to KPT sources....		Duty drawback ISLAMABAD, Aug 8: The Central Board of Revenue (CBR) has issued four standard notifications allowing duty drawback on all exportable products. According to the notification SRO784 of 2005 issued on Monday,...