September 13, 2005	Tuesday	Sha’aban 8, 1426

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India ready to remove non-tariff barriers ISLAMABAD, Sept 12: Indian Commerce Minister Kamal Nath has said his government is willing to lift immediately “every single non-tariff barrier” to ease Pakistani exports to India....		BD govt asked to freeze Canadian firm’s accounts: Damage to gas field DHAKA, 12: The High Court of Bangladesh on Monday issued an injunction, restraining the government from making any payment to Niko Resources Limited, which inflicted heavy damage to the Tengratilla gas field in Chhatak....
Cement prices may go up: Fuel rates hike LAHORE, Sept 12: Cement manufacturers on Monday indicated that the cement price may surge further due to the recent rise in the rates of furnace oil and diesel, which had raised the cost of power generation and transportation in the country....		TCP to procure 0.1m tons of clean cotton ISLAMABAD, Sept 12: The government has decided in principle to procure 100,000 tons of clean cotton this season through Trading Corporation of Pakistan (TCP) to encourage production of standardized cotton and ensure support price payments to growers, it was learnt....
POL declares final cash dividend KARACHI, Sept 12: Pakistan Oilfields Limited (POL) has announced a 51 per cent increase in after-tax profit to Rs3,763 million, which translated into earning per share (eps) of Rs28.63...		Strategy for debt reduction finalized ISLAMABAD, Sept 12: The government has finalized a strategy to cut public debt from 61.7 per cent to 45 per cent of the GDP in next five years, says a senior government official....
Stocks register fractional gain as investors play safe KARACHI, Sept 12: Trading on the stock market on Monday resumed on a steady note but investors played on both sides of the fence amid alternate bouts of buying and selling...		Brisk trading on cotton market KARACHI, Sept 12: Trading activity on the cotton market on Monday was brisk as spinners and mills remained active buyers around the current levels fearing fresh increase in prices....
Efforts on to upgrade engineering sector ISLAMABAD, Sept 12: Industries and Production Ministry’s Secretary Suleman Ghani has said that the government has chalked out a comprehensive strategy to update the engineering sector and skills of Pakistan’s engineers for the development of the industrial sector....		JS Capital gives bonus shares KARACHI, Sept 12: Jahangir Siddiqui Capital Markets Ltd posted a net profit of Rs102.3m for the year ended June 30, 2005, which represented earnings growth of 154 per cent over the earlier year’s taxed profit at Rs40.3...
EU to release Chinese clothes BRUSSELS, Sept 12: Chinese textiles blocked for weeks at European ports can be released as of Wednesday when a quota deal struck between the European Union and China goes into effect, an EU spokeswoman said on Monday....		Oil slides on easing supply concerns LONDON, Sept 12: World oil prices fell strongly on Monday on easing supply concerns, as Hurricane Ophelia was downgraded to a tropical storm and amid signs that growth of world demand for energy was slowing, analysts said....
Banking course KARACHI, Sept 12: State Bank Governor Dr Ishrat Husain on Monday called upon the participants of first Islamic Banking Certificate Course to be loyal to their banks at least for the next three years to gain experience....		Karachi Port operations KARACHI, Sept 12: Six ships carrying DAP fertilizer, coal and to load rice are due to arrive at the outer anchorage on Tuesday, according to KPT sources....