August 19, 2005	Friday	Rajab 13, 1426

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LB polls halt industrial activities KARACHI, Aug 18: Industrial activities in city’s main industrial areas remained suspended on Thursday on account of local bodies’ election. Industrialists said that most of the units (75-95 per cent) were closed in various industrial areas in the city....		Pakistan-US differences over BIT persists ISLAMABAD, Aug 18: Pakistan has asked the United States to sign the proposed Bilateral Investment Treaty (BIT) by dropping its demand that in case of an arbitration only the Washington based...
Pakistan wants progress on other areas: Trade with India ISLAMABAD, Aug 18: Pakistan has informed the International Monetary Fund that the movement in trade liberalization process with India would be linked with development in other areas as part of a composite dialogue....		Net investment in Pakistan declined in 2004 KARACHI, Aug 18: Net investment into Pakistan rose to minus $29.031 billion at end-December 2004 from minus $28.259 billion at end-December 2003, showing a deterioration of $773 million in its net international investment position within a year....
Stock market may get continuous fund supply KARACHI, Aug 18: The government seems set to introduce the proposed Continuous Fund Supply instrument in the stock market as part of its plan to steer the market out of crisis....		More Chinese clothes face EU curbs BRUSSELS, Aug 18: European clothing retailers face a further headache after their quota of Chinese-made women’s blouses hit an EU import ceiling on Thursday. Retailers and some governments have already expressed...
PHDEB told to find new markets for fruit and vegetables ISLAMABAD, Aug 18: Commerce Minister Humayun Akhtar Khan on Thursday asked the Pakistan Horticulture Development and Export Board (PHDEB) for making an annual policy for identifying new markets for export of fruits and vegetables....		EU analyzing data on bedlinen ISLAMABAD, Aug 18: The European Union is in the process of analyzing data with regard to imposition of anti-dumping duty on Pakistani bedlinen. A clarification issued by the European Commission office...
Oil prices regain ground after dropping two dollars LONDON, Aug 18: Oil prices climbed Thursday after shedding over two dollars the previous day amid an increase in crude reserves in the United States that eased worries of tight supplies....		Business moot in Xinjiang BEIJING, Aug 18: Pakistan will hold a first-ever business conference in Urumqi, capital of China’s Western region Xinjiang, on September 2 to promote trade and economic ties between the two countries....
Textile accord BEIJING, Aug 18: China’s commerce ministry Thursday cited “fundamental differences” with the United States on textile trade issues as the reason for the impasse in their third round of talks....		Dollar higher LONDON, Aug 18: The dollar got a boost Thursday from a surge in demand after US traders came into the market, with hedge funds among those said to be buying....
Fatwas put Saudi investors in a fix RIYADH, Aug 18: Religious rulings or fatwas from various sheikhs, at times contradicting each other, with regard to Shariah compliance status of various instruments are creating confusion in Saudi financial markets, putting potential investors in a fix....		Australia-China free trade talks next week SYDNEY, Aug 18: Australia and China will hold a second round of talks in Beijing next week on a “once in a lifetime opportunity” for a free trade agreement, Trade Minister Mark Vaile said on Thursday....
Zero ST on raw materials clarified ISLAMABAD, Aug 18: The Central Board of Revenue has clarified zero rating of sales tax on import and local supply of raw materials and capital goods....		Indian Oil in talks to buy stake in Iran’s firm MUMBAI, Aug 18: Indian Oil Corp Ltd is in talks with an Iranian firm to buy out its 15 per cent holding in Chennai Petroleum Corp Ltd, to enable the merger...
Auto industry to help develop SMEs KARAHCI, Aug 18: Chairman Senate Mohammadmian Soomro has said that the government sees the auto industry as a nursery for nurturing small and medium enterprises required to support government’s poverty alleviation plans....		Sugar shipment LONDON, Aug 18: The Geneva marketing arm of Brazil’s Coimex Group this week sold 38,000 tons of very high polarization (VHP) Brazilian raw sugar for prompt shipment to southern India, trade sources said on Thursday....