September 4, 2005	Sunday	Rajab 29, 1426

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Plan afoot to ensure taint-free cotton ISLAMABAD, Sept 3: The government has decided to hire multinational companies for marking of grade and staple on each bale of cotton to obtain contamination free cotton from growers and ginning industry as part of clean cotton programme....		Apparel industry future hinges on proper planning KARACHI, Sept 3: In the absence of proper planning and focused approach towards emerging world textile scenario the local industry foresees a turbulent and a disastrous era beginning in 2007 when...
CFS investment reaches finish line KARACHI, Sept 3: At the end of last trading day on Friday, investment under the Continuous Funding System (CFS) —- an enlightened name for the very old ‘badla’ —- touched its peak at Rs24.97...		Gas production to be increased by 10 per cent KARACHI, Sept 3: The government has decided to increase gas production by 10 per cent in the next few months to reduce the gap between its demand and supply....
PM briefed on EPZA plans ISLAMABAD, Sept 3: Prime Minister Shaukat Aziz said on Saturday that export processing zones (EPZs) should aggressively market the authority for attracting foreign investment in the country....		Pakistanis spend $993m on foreign tours KARACHI, Sept 3: Pakistanis travelling abroad during July-June 2004-05 spent $993 million, down from $1.034 billion a year earlier, analysis of the country’s balance of payments for the last fiscal year shows....
CCoP okays Hasan Associates offer: KESC sell-off Karachi, Sept 3: The Cabinet Committee on Privatisation (CCoP), headed by Prime Minister Shaukat Aziz, in its meeting on Thursday approved the matching bid at rate of Rs1.65...		EoIs for fertilizer company invited ISLAMABAD, Sept 3: The Privatization Commission has invited expressions of interest (EoIs) for the privatization of Pak-American Fertilizers Limited (PAFL). The commission has asked fertilizers and industrial companies, groups and consortium...
Filing of multiple returns allowed ISLAMABAD, Sept 3: The Central Board of Revenue has allowed filing of multiple returns by registered persons dealing simultaneously in different business activities. The decision was announced through a sales tax circular No 2 issued here on Saturday....		IMF says global growth at risk SINGAPORE, Sept 3: Global economic growth will stay above four per cent this year, the head of the International Monetary Fund said on Saturday, but he warned that the high price of oil posed an increasing risk to the outlook....
Dollar cuts losses on upward US job revisions NEW YORK, Sept 3: The dollar recovered some of its losses against major currencies on Friday, after a softer-than-expected US employment report for August showed upward revisions in job growth for previous months....		Fischer tells oil cos to cut prices BERLIN, Sept 3: German Foreign Minister Joschka Fischer called on international oil companies on Friday to cut their petrol prices, even though his Greens party has long advocated higher energy prices to promote conservation....
Pact with Canada energy firm signed without BD PM’s approval DHAKA, Sep 3: The ‘shady’ joint venture agreement of Bangladesh Petroleum Exploration and Production Company (BAPEX) with Canada-based Niko Resources was signed in 2003 without approval of Prime Minister Khaleda Zia,...		Katrina exposes vulnerability of crude markets RIYADH, Sept 3: Where the oil prices are heading to? Katrina, once again exposed the vulnerability of crude markets and how precarious the demand-supply balance is currently....
Katrina roils commodity prices, oil soars above $70 LONDON, Sept 3: Oil prices rocketed to all-time peaks this week, touching $70.85 in New York on supply concerns as Hurricane Katrina tore through oil rigs and refineries in the Gulf of Mexico, severely disrupting US energy production....		Damages claim growing daily, say US insurers NEW YORK, Sept 3: Rating agencies and insurers said on Friday that losses from Hurricane Katrina remained unclear, but were growing by tens of millions of dollars each day as fire, flooding and looting ravage New Orleans....
Opec may boost refinery output CERNOBBIO, Sept 3: Opec members could reschedule refinery maintenance or release products from commercial stocks to help ease supply problems caused by Hurricane Katrina, Acting Secretary-General...		Bearish trend on cotton market KARACHI, Sept 3: Prices on cotton market on Saturday maintained downward drift as ginners again indulged in panic-selling in the backdrop of higher phutti arrivals, although spinners remained selective buyers....
Karachi Port operations KARACHI, Sept 3: Six ships carrying palm oil and DAP fertilizers are due to arrive at the outer anchorage on Sunday, according to KPT sources. Berthing activity at the wharves was...		UAE to decide on reserves this month DUBAI, Sept 3: United Arab Emirates’ Central Bank said on Saturday it would decide later this month whether to convert some of its foreign exchange reserves into euros from dollars....