September 17, 2005	Saturday	Sha'aban 12, 1426

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July-Aug inflation rose by 8.71pc KARACHI, Sept 16: Inflation rose by 8.71 per cent year-on-year during July-August 2005, according to the data released by FBS or Federal Bureau of Statistics. In August, however, the y-o-y increase in inflation was 8.41...		CNG pumps complain of low supply pressure KARACHI, Sept 16: While Sui Southern Gas Company (SSGC) and the CNG Station Owners Association are engaged in a tussle over gas supply pressure problems, consumers are facing inordinate delays at...
Pakistan, India trade could reach $3bn KARACHI, Sept 16: Pakistan and India should remove trade barriers and complement each other to tap bilateral trade potential of more than three billion dollars through direct trade for benefit of both the peoples....		Pakistan, Gazprom to sign MoU ISLAMABAD, Sept 16: Pakistan and the Russian gas giant — Gazprom — has decided to start active cooperation in the field of oil and gas for which a Memorandum of Understanding...
Aziz to be briefed on Textile City project KARACHI, Sept 16: Prime Minister Shaukat Aziz will be briefed on Monday of the reasons for the painfully slow progress, in last three years, on the Textile City project near Port Qasim, by the management team....		Remittances fall slightly in July-Aug KARACHI, Sept 16: Overseas Pakistanis sent back home $656.55 million during July-August this year, down from about $669 million in a year-ago period, data released by the State Bank show....
KSE 100-share index suffers fall by 45 points KARACHI, Sept 16: Stocks on Friday failed to sustain an early run-up as a section of investors took profits at higher levels on selected counters in an actively traded session....		Lacklustre trading on cotton market KARACHI, Sept 16: Physical trading on the cotton market on Friday remained relatively slow, as ginners indulged in selective selling in an apparent effort to forestall further fall in prices....
USAID fund to promote 3 industries KARACHI, Sept 16: The USAID has launched the Pakistan Initiative for Strategic Development and Competitiveness Fund that has generated a set of recommendations for promoting dairy, marble and granite and gems and jewellery....		Joint venture bank KARACHI, Sept 16: Arif Habib group and Rupali Bank on Friday signed a formal agreement to set up a joint venture bank in Pakistan to be called Arif Habib Rupali Bank Limited....
Industry needs to certify products ISLAMABAD, Sept 16: Pakistan’s industry will have to test, calibrate and certify their products in accordance with the international standards to enhance their credibility. This was stated by the secretary, ministry of science and technology, Kh....		Pakistan may hedge Islamic bond ISLAMABAD, Sept 16: Pakistan is working on a plan to hedge its $600 million Sukuk bond, which was issued in January with a spread of 220 basis points over six-month LIBOR (London Inter-bank Offered Rate)....
Karachi Port operations KARACHI, Sept 16: Five ships carrying containers and coal are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was active where five ships, Y.M....		US seeks cut in duties on cotton import GENEVA, Sept 16: The United States called on Friday on emerging market nations to lower their tariffs on imported cotton....
Hong Kong gold HONG KONG, Sept 16: Hong Kong gold prices closed higher on Friday at US$457.50-458.00 an ounce, compared to Thursday’s close of $449.00-449.50. The market had opened at $454.20-454.70.—AFP...		Palm oil up BANGKOK, Sep 16: Malaysia’s palm oil futures rose on Friday on expectations of strong overseas demand and talk that India may reduce import duties on edible oils, dealers said....