August 25, 2005	Thursday	Rajab 19, 1426

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China, India likely to cooperate in textiles MUMBAI, Aug 24: India and China can cooperate to maximise their advantages and corner a larger share of the market for textiles and apparel, officials from both countries said on Wednesday....		11 banks announce results KARACHI, Aug 24: As the results season almost draws to a close, eleven of the 19 listed commercial banks have come up with their financial figures....
PSO, PS to go under hammer by Dec 31 KARACHI, Aug 24: The government will privatize PPL, PSO, NIT, Pakistan Steel, Mustehkam Cement and Javedan Cement in next six months....		EU quotas on China frustrating Britain LONDON, Aug 24: Britain’s textile sector will likely see little benefit from restrictions that are now blocking millions of Chinese-made garments from entering the European Union, retail and manufacturing bodies told AFP on Wednesday....
Importer named for German sports car LAHORE, Aug 24: Prestigious German sports car manufacturer, Porsche, announced on Wednesday to extend its presence into what its officials called as highly anticipated Pakistani market by appointing its importer....		‘Bourses’ reforms to benefit investors’ KARACHI, Aug 24: The Federation of Pakistan Chambers of Commerce and Industry has described the reforms in stock exchanges as dynamic step, which will also restore confidence amongst small investors....
Engineering sector needs aggressive marketing ISLAMABAD, Aug 24: Federal Minister for Industries, Production and Special Initiatives Jahangir Khan Tareen has asked the Engineering Development Board (EDB) for working out measures to introduce Pakistani engineering sector to the entire world....		Registration made easier ISLAMABAD, Aug 24: The Securities and Exchange Commission of Pakistan (SECP) has made available at its Quetta and Islamabad company registration offices the adhesive stamps required for registration of memorandum and...
Stocks lose another 45 points as selling sets in KARACHI, Aug 24: Stocks on Wednesday finished further lower under the lead of base shares on renewed selling but analysts said the correction was now overdone and the market was poised for a technical turnaround....		Bullish trend on cotton market KARACHI, Aug 24: Cotton market showed firm trend as ginners further raised their asking prices followed by reports of pest attack in some of the major cotton growing areas....
High oil prices hit China’s pricing system SHANGHAI, Aug 24: China on Wednesday was wrestling with how to mitigate the impact of higher international oil prices on its state controlled pricing system responsible for sparking a mini oil crisis in the southern province of Guangdong....		Malaysia’s economic growth slows to 4.1pc KUALA LUMPUR, Aug 24: Malaysia’s growth eased to 4.1 per cent year-on-year in the three months to June, from 5.8 per cent in the first quarter, due to declines in the manufacturing and mining sectors, the central bank said on Wednesday....
Indonesia to boost non-oil exports JAKARTA, Aug 23: The Indonesian government has encouraged local exporters to build global brands and bring about added-value to their products to increase competitiveness to boost the national non-oil exports....		World oil prices up on storm fears LONDON, Aug 24: Oil prices jumped on Wednesday as traders digested rising crude and distillates reserves in the United States over the past week, while gasoline stocks fell sharply, dealers said....
Australia, China end trade talks BEIJING, Aug 24: Three days of talks on a proposed Australian-Chinese free trade agreement ended on Wednesday with both sides expressing satisfaction with the negotiations and agreeing to continue discussions in October....		Nigeria eyes $5bn FDI a year JOHANNESBURG, Aug 24: Nigeria hopes to more than double foreign direct investment to $5 billion a year thanks to investor friendly policies and a concerted government effort to court foreign business executives, an official said on Wednesday....
Asian stocks close lower ahead of US oil report HONG KONG, Aug 24: Asian stocks closed lower across most boards on Wednesday with higher oil prices shaking investor confidence ahead of the release of the weekly petroleum inventory report in the United States....		Malaysian palm oil falls BANGKOK, Aug 24: Malaysian crude palm oil futures fell almost 1 per cent on long liquidation on Wednesday, dealers said. The third-month October crude palm oil contract ended 13 ringgit lower at 1,377 ringgit a ton ($367.2)...
US durable goods orders slide 4.9pc WASHINGTON, Aug 24: Orders for US-made durable goods tumbled 4.9 per cent in July, marking the biggest drop in 18 months, the Commerce Department said on Wednesday....		US new home sales surge WASHINGTON, Aug 24: Sales of new US homes jumped 6.5 per cent in July to a record seasonally adjusted annual pace of 1.41 million, the Commerce Department said on Wednesday....