August 27, 2005	Saturday	Rajab 21, 1426

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Ethanol export to EU comes to a halt KARACHI, Aug 26: Export of ethanol to European Union (EU) countries has come to a total halt on withdrawal of exemption allowed under the GSP (Generalized System of Preferences)....		Planners eye $30bn exports by 2010 KARACHI, Aug 26: Encouraged by an almost 85 per cent growth in exports in past five years, the planners now confidently project a quantum jump in Pakistan’s export by more than...
Macroeconomic stability to meet challenges: Inflation, oil prices ISLAMABAD, Aug 26: Pakistan is facing two immediate challenges — higher inflation and rising international oil prices — which have resulted in deterioration in terms of trade and put pressure on the budget....		Textiles export up by 3.95pc ISLAMABAD, Aug 26: Textile sector export registered a growth of 3.95 per cent in July and stood at $788.309 million as against $758.370 million during the same month last year....
Refineries at Gwadar must: president KARACHI, Aug 26: President Pervez Musharraf said on Friday that Pakistan must establish oil refineries at Gwadar to refine oil of Gulf countries for international market....		Pak Suzuki, BoP, Glaxo announce results KARACHI, Aug 26: Bank of Punjab (BoP), Pak Suzuki Motor Company and Glaxo Smith Kline announced financial figures for the half year ended June 30, 2005, on Friday....
Investment Ordinance promulgated ISLAMABAD, Aug 26: President General Pervez Musharraf on Friday promulgated the Public Investment (Financial Safeguards) Amendment Ordinance 2005. Through this ordinance amendments were introduced in the Public Investments (Financial Safeguards) ordinance, 1960, which would come into effect immediately....		Best corporate reports result announced KARACHI, Aug 26: The Joint Committee of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) announced the final results of...
Stocks finish weekend session with 31 points gain KARACHI, Aug 26: Stocks on Friday finished with an extended gain on active fresh short-covering in the leading index shares, notably PTCL and OGDC amid brisk trading....		Cotton prices ease on hasty selling KARACHI, Aug 26: Cotton prices on Friday were marked lower as some of the ginners sold in a bit haste in the backdrop of steady arrivals of phutti into the ginneries during the last couple of sessions....
Govt mulling new power policy: Self-generation ISLAMABAD, Aug 26: Prime Minister Shaukat Aziz on Friday said that the government was considering a new policy of self-generation of electricity through natural gas to meet the rising domestic demand....		‘Investment prospects bright in Karachi’ KARACHI, Aug 26: Sindh Governor Dr Ishratul Ibad Khan has said that after the local body elections, the positive impression about Pakistan throughout the world has gained further strength....
‘Efforts on to attract maximum investment’ KARACHI, Aug 26: Prime Minister’s adviser on finance Dr Salman Shah on Friday said efforts were being made to attract maximum investment from Oman and the Middle East in the private...		Textile city SHANGHAI, Aug 26: China has shown willingness to provide technical and investment support to Pakistan for setting up a textile city in Karachi....
Karachi Port operations KARACHI, Aug 26: Nine ships including two carrying sugar and pulses are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was...		ADB chief ISLAMABAD, Aug 26: Asian Development Bank President Haruhiko Kuroda will visit Pakistan in early September on his first trip to South Asia as head of the Manila-based multilateral development bank....
European stocks LONDON, Aug 26: European stock exchanges faltered on Friday, hammered by persistent oil price fears, disappointing data from the United States and another warning from Fed chief Alan Greenspan about prospects for the red-hot US housing market....		Palm oil rebounds KUALA LUMPUR, Aug 26: Short covering helped Malaysian palm oil rebound on Friday from two straight days of losses, but gains were limited by weak US soyaoil prices and a general lack of positive leads....