August 26, 2005	Friday	Rajab 20, 1426

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Free imports fail to bring down prices: Essential items KARACHI, Aug 25: With the Ramazan just a month away falling in October, the government’s efforts to liberalize imports of various essential items have yet to make any impact on the prices of essential items....		Import bill for 2005-06 may touch $28bn ISLAMABAD, Aug 25: The import bill is likely to reach around $28 billion during the year 2005-06 following the persistent rise in the oil prices in the international market, officials told Dawn on Thursday....
Great scope for Pakistani food in China BEIJING, Aug 25: China will encourage import of agro-based products from Pakistan, including rice and fruits, this was stated by Cao Xumin, the chairman of China’s Chamber of Commerce for import and export of food stuffs and native produce....		IMF warns of oil-linked inflation in Asia SINGAPORE, Aug 25: Robust energy demand from Asia will help keep world oil prices high and this could result in slower economic growth in the region, the International Monetary Fund (IMF) chief said on Thursday....
EU, China open talks on textiles BEIJING, Aug 25: The European Union and China opened talks here on Thursday to resolve a trade dispute that has left millions of items of Chinese-made clothes blocked by European customs officials for being above import quotas....		PIA revenues rise by 13pc in 1st half KARACHI, Aug 25: The Pakistan International Airlines Corporation (PIAC) recorded a 13 per cent growth in revenues to Rs3.5 billion for the half year ended June 30, 2005....
Stocks stay buoyant amid positive corporate news KARACHI, Aug 25: Leading shares on the stock market on Thursday came in for active short-covering at the lower levels and ended higher but a decisive breakthrough is yet to be made beyond the base shares....		Cotton prices rise on active demand KARACHI, Aug 25: Cotton prices on Thursday rose further as some of the spinners and mills holding short positions against their forward foreign sales of textiles remained active buyers around the current levels....
Oil prices dip after hitting new heights LONDON, Aug 25: Oil prices dipped on Thursday, one day after striking an all-time high of $68.00 per barrel in New York on hurricane fears in the oil-rich US Gulf of Mexico, dealers said....		Iran gas pipeline NEW DELHI, Aug 25: India has short-listed KPMG, Standard Chartered and Ernst & Young as its financial advisors for suggesting a project structure for execution of the $7.4-bn...
KSE acting MD KARACHI, Aug 25: Muhammad Yacoob Memon was appointed as Acting Managing Director of the Karachi Stock Exchange from August 26, 2005 by the Board of Directors of KSE at a meeting held on Monday....		Union Bank proposes 15pc bonus KARACHI, Aug 25: The Union Bank has proposed 15 per cent bonus shares i.e. 15 shares for every 100 shares held for the six months period ended on June 30, 2005....
Karachi Port operations KARACHI, Aug 25: Five ships carrying general cargo, containers and to load 500 tons of fish are expected to arrive at the outer anchorage on Friday, according to KPT sources....		Carpet show from 28th KARACHI, Aug 25: Carpet manufacturers from India and China will display their products at the forthcoming “Regional Hand-knotted Carpet Exhibition 2005” being held at Karachi Expo Centre from August 28-30....
SCCI polls PEHAWAR, Aug 25: The Businessmen Forum has secured all three seats of the Executive Committee (Full Group) of the Sarhad Chamber of Commerce and Industry (SCCI) as the rival group — Businessmen Panel — boycotted the polls....		Thai rice import BRUSSELS, Aug 25: More details have emerged on Europe’s proposed new import duties for rice from Thailand, the last trade deal the bloc needed to reach with its four major suppliers of the staple commodity, officials said on Thursday....
Palm oil dives KUALA LUMPUR, Aug 25: Malaysian palm oil dived for a second straight day on further liquidation of long positions, and selling by those fearing more competition from Indonesian palm products as the rupiah weakened....		European stocks LONDON, Aug 25: European stock exchanges retreated on Thursday, with London dropping 0.37 per cent to end the day at 5,255.7. In Paris, the CAC 40 fell 1.04...