September 14, 2005	Wednesday	Sha'aban 9, 1426

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Re-insurers reluctant to provide cover: Burnt lint bales KARACHI, Sept 13: Growing losses from the fire, that is said to have destroyed about 119,000 bales causing a loss of over Rs800 million in the year 2004, have created a...		HK sees breakthrough in stalled WTO talks ISLAMABAD, Sept 13: John Chun Wah Tsang, Minister for Commerce, Industry and Technology of Hong Kong Special Administrative Region Government, has expressed the hope that a breakthrough would be made in...
Infrastructure fund being reactivated ISLAMABAD, Sept 13: The government has decided to revitalize the dormant Public Private Infrastructure Fund (PPIF) and to create a new Khushhal Pakistan Fund (KPF) aimed at improving the infrastructure and social indicators....		Consumer loans rose by Rs103bn in 2004-05 KARACHI, Sept 13: Consumer loans rose too fast during the last fiscal year contributing to consumption-led growth of the economy but at the same time pushing up inflation through enhanced buying spree....
Concessional rate of WT notified ISLAMABAD, Sept 13: The Central Board of Revenue has notified the concessional rate of withholding tax for the export of services. The decision was notified through an income tax notification SRO946 of 2005 issued here on Tuesday....		Urea sales up by 16 per cent in Jan-July KARACHI, Sept 13: Urea sales during the first seven months of 2005 (Jan-July) stood at 2.87 million tons, representing 16 per cent increase over 2.47 million tons in the previous comparable period....
Buyers preferring local cars KARACHI, Sept 13: Consumers during July-August 2005-06 continued their chase for locally-assembled cars as sales rose to 23,530 units from 19,169 units sold in the same period last year, showing an increase of 23 per cent....		JCL bidding today ISLAMABAD, Sept 13: The Privatization Commission will hold bidding for the sale of 96.34 per cent shares of Javedan Cement Limited (JCL) here on Wednesday (Sept 14) under the chairmanship of Dr Abdul Hafeez Sheikh, Minister for Privatization and Investment....
Stocks fail to sustain 7,900-point level KARACHI, Sept 13: Stocks on Tuesday turned in a mixed performance amid a briskly traded session as investors rolled long positions from the high profile issues to the second-liners aiming at quick dividend-related capital gains....		Trading remains brisk on cotton market KARACHI, Sept 13: Fairly brisk trading was witnessed on the cotton market on Tuesday as spinners lifted all the lots offered by the ginners around the current levels....
Pakistan, BD eye $1bn trade by 2007 DHAKA, Sept 13: Pakistan on Tuesday offered to enhance duty-free access to Bangladeshi tea to 15,000 tons up from 10,000 tons. The notification for the duty-free facility would soon be issued...		Karachi Port operations KARACHI, Sept 13: Five ships carrying crude oil and containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was relatively slow owing partly to technical reasons....
Asian stocks close mixed on muted Wall Street lead HONG KONG, Sept 13: Asian stocks closed mixed on Tuesday, with a muted performance on Wall Street encouraging selective profit-taking after recent sustained gains to record levels in several markets, dealers said....		European gold prices higher LONDON, Sept 13: Gold prices remained under $450 an ounce in Europe on Tuesday as funds which took the metal to a new high for the year on Monday took a breather, traders said....
Palm oil futures up KUALA LUMPUR, Sept 13: Malaysian crude palm oil futures closed up more than half a per cent, recouping losses from the previous day as players moved to cover shorts after a pick-up in physical sales of oil....		Karachi market rates KARACHI, Sept 13: The following were Tuesday’s commodity market rates in rupees....