September 7, 2005	Wednesday	Sha’aban 2, 1426

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Agriculture issues top G-20 agenda: Meeting on Friday ISLAMABAD, Sept 6: Pakistan will host the first G-20 meeting on Friday to prepare a joint position, articulating developing countries’ stand for the upcoming ministerial conference on various issues, including the contentious agricultural issue....		Monetary policy being tightened KARACHI, Sept 6: State Bank Governor Dr Ishrat Husain has said that the monetary policy is being tightened to check inflation which will help in bringing interest rates down....
India hikes fuel prices by 7 per cent NEW DELHI, Sept 6: India’s federal cabinet raised gasoline and diesel prices by about seven per cent on Tuesday, the second time in three months to offset a surge in global oil prices, the country’s oil ministry said....		Industrial parks new idea for Pakistan KARACHI, Sept 6: Setting up industrial parks is not a new concept but it will be new for Pakistan, said National Industrial Parks Development and Management Company (NIPDMC) Chief Executive Zubair Habib....
Stocks fail to maintain upward drive KARACHI, Sept 6: Stocks on Tuesday failed to maintain their upward drive as a section of investors took profits at the higher levels but there were buyers at the dips aided...		Cotton market resists fresh decline KARACHI, Sept 6: Cotton market on Tuesday resisted fresh decline as spinners resorted to active buying at the dips but ginners held on to their unsold positions later after having raised their asking prices....
Australia to set up petroleum plant ISLAMABAD, Sept 6: Firepower Group of Companies of Australia has proposed to establish a petroleum conditioners manufacturing and blending plant in Karachi to serve Pakistan and the regional markets....		World oil prices move both ways LONDON, Sept 6: Oil prices recovered slightly in London on Tuesday after sharp falls in recent days in response to an agreement among industrial powers to release emergency reserves of crude in the wake of Hurricane Katrina....
Govt to encourage jewellery sector ISLAMABAD, Sep 6: Prime Minister Shaukat Aziz on Tuesday said the government was encouraging the gems and jewellery industry, as it had a huge potential of providing employment and increasing growth....		Bidding for Bolan Mills machinery on 15th ISLAMABAD, Sept 6: The Privatization Commission (PC) is all set to hold bidding for the sale of machinery of Bolan Textile Mills here on September 15....
EU members asked to approve China deal BRUSSELS, Sept 6: The European Commission said on Tuesday it expected EU member states to approve a deal with China by early next week to resolve an embarrassing row that has left millions of clothes blocked at European ports....		JMC meeting ISLAMABAD, Sept 6: Pakistan and Argentina Joint Economic Commission meeting will start on Wednesday to discuss a range of issues for increasing bilateral trade between the two countries....
BD chamber resents two weekly holidays DHAKA, Sept 6: The leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), has rejected the government decision to observe Friday and Saturday as weekly holidays...		Asian stocks mixed again HONG KONG, Sept 6: Asian stocks closed narrowly mixed again Tuesday as Wall Street’s closure for the Labor Day holiday left investors with no clear lead on the continuing fallout from Hurricane Katrina, dealers said....
Palm oil flat KUALA LUMPUR, Sept 6: Malaysian palm oil was almost flat at Tuesday’s close after speculative selling erased early gains posted on the strength of US soyaoil in pre-market trade, dealers said....		Karachi Port operations KARACHI, Sept 6: Six vessels carrying containers and general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources....