September 16, 2005	Friday	Sha'aban 11, 1426

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Mustehkum Cement goes to Bestway ISLAMABAD, Sept 15: The Privatization Commission on Thursday got highest bid of Rs3.205 billion for 85.5 per cent shares of Mustehkum Cement Limited at a rate of Rs305 per share from...		PC releases NRL sell-off proceeds to stakeholders KARACHI, Sept 15: Nearly three and a half months after the privatization of National Refinery Limited (NRL), the Privatization Commission has finally released the proceeds of sale to stakeholders in the refinery....
Israel keen to import Pakistan textile items ISLAMABAD, Sept 15: Israel is keen to import Pakistani textile items, mainly finished fabrics, for manufacturing made-ups and garments, reliable sources told Dawn on Thursday....		Banks invest Rs90bn in TBs as yields move up: April-June 05 KARACHI, Sept 15: Banks and development finance institutions or DFIs made more than Rs90 billion investment in treasury bills during April-June 2005, the last quarter of the outgoing fiscal year, as the yields on the bills moved up....
Proposals to contain oil bill under study ISLAMABAD, Sept 15: Oil import bill continues to rise and is most likely to touch an all time high $6 billion by the end of the current financial year....		Lamy plans Pakistan visit before HK moot ISLAMABAD, Sept 15: The newly-elected Director General of World Trade Organization (WTO), Pascal Lamy, would likely to visit Pakistan before the Hong Kong Ministerial Conference to be held in December....
Rupee hits 10-month low KARACHI, Sept 15: The Pakistani rupee on Thursday fell to its lowest since November 2004, under pressure from dollar demand for debt and corporate payments, and dealers said the pressure was likely to be sustained in the near term....		200,000 cars likely this year KARACHI, Sept 15: Inaugurating the capacity enhancement facility at the Indus Motor Company (IMC) here on Thursday, the Minister for Industries and Production Jehangir Khan Tareen said that the auto industry...
Stocks maintain bullish outlook, up 23 points KARACHI, Sept 15: Stocks on Thursday maintained bullish outlook as dividend-inspired buying figured prominently on cement and bank sectors and evoked sympathetic covering purchases on other counters in a briskly traded session....		Cotton prices stable amid active trading KARACHI, Sept 15: Cotton prices on Thursday remained stable amid active trading as there was no let-up in mill buying on the perception that the current levels may be attractive enough for their export parity levels....
Ogra hears SNGPL petition on price formula ISLAMABAD, Sept 15: The Oil and Gas Regulatory Authority (Ogra) is striving to balance the divergent interests of stakeholders, mainly consumers, investors and the government, in accordance with the law and in the best interest of public at large....		US textile industry for new curbs on China WASHINGTON, Sept 15: The US textile industry clamoured on Thursday for new government safeguards against surging Chinese imports, accusing Beijing of negotiating in bad faith on a political deal to regulate the trade....
Convention to boost intra-OIC trade RIYADH, Sept 15: A two-day convention to boost trade among OIC states will be held in Jeddah on October 2 and 3, just before the advent of Ramazan, which is likely to begin here on October 4....		Doing business easier in Pakistan ISLAMABAD, Sept 15: Doing business in India is much tougher than in Pakistan, China, Sri Lanka and Nepal and the country is positioned way down at 116th in the Ease of...
Architecture conference from 30th KARACHI, Sept 15: Top architects and academicians will participate in a three-day IAPEX 2005 conference being held under the theme “Architecture: regional identities in a global environment” at the Karachi Expo Centre from September 30 to October 2....		Rating assigned KARACHI, Sept 15: JCR-VIS Credit Rating Company Limited has assigned an insurer financial strength rating of A (Single A) to Premier Insurance Company Limited with a “stable outlook”....
Karachi Port operations KARACHI, Sept 15: Four ships carrying tallow, chemicals and palm oil are due to arrive at the outer anchorage on Friday, according to KPT sources. The berthing activity at the wharves...		Gold hits 17-year high LONDON, Sept 15: Gold prices hit the highest point for 17 years in New York trading on Thursday, owing to forecasts of higher inflation, analysts here said....
Palm oil lower KUALA LUMPUR, Sept 15: Malaysian crude palm oil futures closed lower on Thursday, reversing earlier gains as players booked profits following a drop in rival US soyaoil prices during Asian trade....		IT summit KARACHI, Sept 15: A two-day SAP Summit 2005 — a mega IT event — will be held at a local hotel here on September 19 and 20....