August 16, 2005	Tuesday	Rajab 10, 1426

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Inflation rose by 9 per cent in July KARACHI, Aug 15: Inflation rose by 8.99pc year-on-year in July 2005 as the government measures taken to stabilize food prices failed because heavy rains and floods disrupted supplies of edibles....		Rs38bn withdrawn from NSS in FY05 KARACHI, Aug 15: Net withdrawals from National Saving Schemes (NSS) stood at Rs38.46 billion in the last fiscal year despite the fact that two tailor-made schemes generated more than Rs78 billion worth of fresh savings....
NA panel to examine task force report: Stock market crash ISLAMABAD, Aug 15: The National Assembly Standing Committee on Finance and Revenue here on Monday constituted a five-member sub-committee to look into the report of the task force on stock market...		Revamping of EPB may start soon KARACHI, Aug 15: The process of winding up of Export Promotion Bureau and formation of what is being claimed “an efficient, dynamic, market responsive, with built-in check and balance system, autonomous...
EU decision on bedlinen likely by month-end ISLAMABAD, Aug 15: The European Union is likely to finalize the anti-dumping duty of 13.1 per cent on Pakistan’s bedlinen by the end of the current month....		Seafood exports to EU begin KARACHI, Aug 15: Seafood exporters have started shipments to the European Union after a self-imposed ban of six months by the Pakistani authorities, market sources said here on Monday....
LCCI for measures to check smuggling LAHORE, Aug 15: Lahore Chamber of Commerce and Industry President Mian Misbahur Rehman has said that unchecked smuggling of goods from China and Afghanistan is paralysing the manufacturing base of the country....		TCP buys sugar KARACHI, Aug 15: The Trading Corporation of Pakistan (TCP) said on Monday it had purchased 25,000 tons of white sugar at $390 a ton C&F Karachi....
KSE index suffers modest fall of 27.67 points KARACHI, Aug 15: Selective support figured prominently on some of the blue chips on Monday but the broader market stayed weak in the absence of strong buying by financial institutions....		Bearish trend on cotton market KARACHI, Aug 15: The cotton market on Monday resumed trading on a bearish note as lower Sindh ginners remained hasty sellers at the current levels, apparently fearing further decline in prices after arrivals of phutti further pick up....
Oil prices ease after hitting new peaks LONDON, Aug 15: Oil prices fell back on Monday from last week’s record run, but briefly touched a fresh high in London, in a market shaken by gasoline supply fears and US refinery outages....		Palm oil up KUALA LUMPUR, Aug 15: Malaysian crude palm oil futures closed up after data showing a steady pick up in palm oil exports helped the market rebound from a weak morning....
POL prices unchanged KARACHI, Aug 15: The Oil Companies Advisory Committee (OCAC) on Monday kept prices of all petroleum products unchanged for the current fortnight starting from August 16-31, 2005....he region....		US budget deficit WASHINGTON, Aug 15: The Congressional Budget Office said on Monday the US federal deficit in fiscal 2005 is expected to total $331 billion, down from $412 billion in 2004....
Karachi Port operations KARACHI, Aug 15: Five ships carrying containers and crude oil and to load cement are due to arrive at the outer anchorage on Tuesday, according to KPT sources....		Stakes buying AMSTERDAM, Aug 15: Philips, Europe’s top consumer electronics company, said on Monday it had agreed to buy Agilent Technologies’ 47 per cent stake in their US joint venture Lumileds Lighting for 765 million euros ($947m)....