September 9, 2005	Friday	Sha’aban 4, 1426

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Public units to be enlisted in US, UK ISLAMABAD, Sept 8: Pakistan has decided to enter into international equity market to get its major state sector enterprises enlisted with American Depository Receipt (ADR) in New York and General Depository Receipt (GDR) in London and Lxuemburg....		Lending-deposit rates gap widens: Dollar-denominated loans KARACHI, Sept 8: At end-June 2004, weighted average lending rate on the US dollar-denominated loans was 3.90 per cent, which shot up to 4.16 per cent at end-June 2005....
Washington hit by oil crisis WASHINGTON, Sept 8: The US capital has been hit hard by the oil crisis and is selling the most expensive gasoline in the nation, says a survey conducted by the American Automobile Association....		Plan under way to produce taint-free cotton ISLAMABAD, Sept 8: A special committee has been formed to prepare a strategy for obtaining contamination-free cotton from growers and ginning industries as part of a clean cotton programme....
Carpet exports up LAHORE, Sept 8: Carpet exports shot up by 26 per cent to $254.6 million during the financial year 2004-05 from $208.9 million the previous year. Quoting export figures released by the...		G-20 trade ministers arrive BHURBAN, Sept 8: The Group of 20 trade ministers arrived here on Thursday as the two-day crucial discussions among the trade ministers begin on Friday. The discussions would, inter alia, revolve...
Probe into formic acid dumping launched ISLAMABAD, Sept 8: The National Tariff Commission (NTC) has initiated a probe into alleged dumping of formic acid (FA) in the country by the exporters of Republic of Finland and the Federal Republic of Germany....		410 firms registered in August ISLAMABAD, Sept 8: The Securities and Exchange Commission of Pakistan (SECP) registered 410 companies during August 2005, showing an inrease of 86 per cent compared to 220 companies registered the same month of last year, said a press release....
KSE index recovers 80 points on active short-covering KARACHI, Sept 8: Stocks on Thursday shrugged off the last two sessions’ hesitancy and were back on the rails with a bang followed by heavy covering purchases in most of the pivotals....		Prices move up on cotton market KARACHI, Sept 8: Cotton prices on Thursday rose further as spinners and mills continued building up long positions in the new crop at the current levels, which are said to be competitive....
TCP sells cotton below spot rates LAHORE, Sept 8: The Trading Corporation of Pakistan has sold 100,000 bales of cotton to exporters at an average price of Rs2,177 a maund, Rs169 cheaper than the price at which local mills purchased 1.048...		TCP gets seven offers for sugar import KARACHI, Sept 8: Trading Corporation of Pakistan (TCP) on Thursday received offers from seven international companies for the supply of 50,000 tons of white sugar, a senior official said....
Businessmen urged to pay taxes honestly QUETTA, Sept 8: CBR chairman Abdullah Yousaf has sought help from business community for achieving revenue target and expanding the tax base, and urged businessmen to pay their taxes honestly....		FHBM profit distribution KARACHI, Sept 8: The board of directors of Habib Bank Financial Services (Pvt) Limited (HBFS), the management company of First Habib Bank Modaraba (FHBM), has approved and declared a final profit distribution of Rs1.30,...
Karachi Port operations KARACHI, Sept 8: Eight ships carrying coal, crude oil and steel cargo are expected to arrive at the outer anchorage on Friday, according to KPT sources....		$5bn gas deal BERLIN, Sept 8: Russian energy giant Gazprom and German firms EON and BASF signed a deal on Thursday to build a five-billion-dollar pipeline linking Russia and Germany, at a ceremony attended by President Vladimir Putin and Chancellor Gerhard Schroeder....
WTO deal WASHINGTON, Sept 8: The United States and Saudi Arabia are on the verge of signing an agreement paving the way for the world’s largest oil producer to join the World Trade Organization, US Trade Representative Rob Portman said on Thursday....		European stocks LONDON, Sept 8: European stock exchanges closed generally weaker on Thursday, after gaining ground for three straight days, following a sluggish start on Wall Street and traders’ reaction to disappointing earnings news....
Karachi market rates KARACHI, Sept 8: The following were Thursday’s commodity market rates in rupees....		Palm oil lower KUALA LUMPUR, Sept 8: Malaysian crude palm oil futures ended down in thin volume after a drop in prices of US soyaoil depressed the domestic market ahead of key crop and export data due on Monday....