September 21, 2005	Wednesday	Sha'aban 16, 1426

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16 IPPs of 3,700-mw approved: $4bn investment likely ISLAMABAD, Sept 20: The federal government on Tuesday approved 16 independent power projects (IPPs) of a total capacity of 3,700-mw with an estimated investment of about $4 billion....		Oil industry reluctant to lend support: Ethanol blending with petrol KARACHI, Sept 20: While sugar millers appear firm in promoting and activating plans of blending ethanol with petrol, oil marketing companies (OMCs) and refinery operators are a bit reluctant to lend their support to the millers on the issue....
63pc NWFP ADP utilized in 2004-05 PESHAWAR, Sept 20: The NWFP government could utilize Rs10.9 billion out of Rs17.63 billion revised annual development programme (ADP) for the 2004-05, which was 63 per cent of the target, according to well placed official sources....		Pakistan, Algeria to cooperate in various fields ISLAMABAD, Sept 20: Pakistan and Algeria on Tuesday finalized a string of measures at the conclusion of a two-day Joint Ministerial Commission (JMC) for increasing cooperation in various fields and enhancing bilateral trade....
Pakistan, Brunei plan investment company ISLAMABAD, Sept 20: Deliberations are under way to finalize an agreement between Pakistan and Brunei for establishing a joint investment company for the promotion of bilateral trade under a memorandum of...		CBR settles 60,000 cases ISLAMABAD, Sept 20: Central Board of Revenue Chairman M. Abdullah Yousuf claimed on Tuesday that over 60,000 appeals were liquidated during the fiscal year 2004-05....
Stocks cross psychological barrier of 8,000 points KARACHI, Sept 20: After several abortive attempts, KSE 100-share index on Tuesday cross the psychological barrier of 8,000 on strong renewed buying in the oil and auto shares boosted apparently by higher payouts by Millat Tractors and OGDC....		Prices ease on cotton market KARACHI, Sept 20: Cotton prices on Tuesday eased from the current levels on hast selling by the ginners followed by steady arrivals of phutti into the ginneries during the last couple of sessions....
Two licences granted to OGDCL ISLAMABAD, Sept 20: The Government of Pakistan on Tuesday granted two Petroleum Exploration Licences over Block No 2467-8 (Thatta) and Block No 2870-2 (Bagh-o-Bahar) in Zone-III, covering an area of 2438.85sq...		China for joint venture in textile BEIJING, Sept 20: China will enhance its collaboration with Pakistan in development of textile, hydropower, automobile, petroleum and construction sectors, said Governor Punjab Khalid Maqbool here on Tuesday....
Oil prices plunge LONDON, Sept 20: World oil prices slumped on Tuesday as traders banked profits won from a hurricane threat to US oil rigs, while the market dismissed Opec’s offer to supply more crude from October if required....		Opec offers extra oil to check prices VIENNA, Sept 20: Opec will make an extra two million more barrels per day available to oil markets from October 1 if there is demand for the crude, the Organization of Petroleum Exporting Countries said on Tuesday in a statement....
Islamic forum to boost trade links KUALA LUMPUR, Sept 20: The World Islamic Economic Forum, an inaugural gathering of political and business leaders being held here next month, is aimed at boosting economic links among Muslim communities, organizers said on Tuesday....		IMF sees oil as main risk to growth BERLIN, Sept 20: The International Monetary Fund sees runaway oil prices as the main risk to global economic growth, even if the world economy was likely to remain robust both this...
Karachi Port operations KARACHI, Sept 20: Over a dozen ships carrying sugar, palm oil and DAP fertlizer are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....		Roadshow KARACHI, Sept 20: The 5th “roadshow on investment in the capital market” will be held in Multan on September 24. The Securities and Exchange Commission of Pakistan (SECP) and Central Depository...
Asian stocks up despite fall on Wall Street HONG KONG, Sept 20: Asian stocks closed mostly higher on Tuesday as Seoul, Sydney and Mumbai put in record breaking performances despite losses on Wall Street after a fresh spike in oil prices, dealers said....		Costly oil pushing up eurozone’s inflation LUXEMBOURG, Sept 20: High oil prices are driving up inflation in the eurozone, European Central Bank governing council member and Luxembourg Central Bank governor Yves Mersch said on Tuesday....
‘China needing 2,600 new planes’ BEIJING, Sept 20: China will need more than 2,600 new planes worth $213 billion over the next 20 years, quadrupling its fleet to become the world’s second largest aviation market, US aerospace giant Boeing said on Tuesday....		Palm oil futures extend gains KUALA LUMPUR, Sept 20: Crude palm oil futures closed higher on Tuesday, extending the previous day’s gains, after a further rally in rival US soyoil. Optimism over export performance for this...