September 22, 2005	Thursday	Sha'aban 17, 1426

Please Visit our Sponsor (Ads open in separate window)

Insurance business prospects bright KARACHI, Sept 21: The private general insurance is gearing up to grab new business opportunities that are emerging from a fast track privatization programme, growing construction industry, increasing international trade and equally expanding domestic wholesale and retail trade....		Gold touches new peak of Rs9,022 per 10 gram KARACHI, Sept 21: Gold prices touched new peak of Rs9,022 per 10 grams on Wednesday owing to rising trend in international prices. As a result, the price of 10 tola piece...
Global growth to slow to 4.3pc: IMF WASHINGTON, Sept 21: World economic growth will slow this year owing to sky-high oil prices, the IMF said on Wednesday in a report that warned also of looming instability caused by yawning imbalances in the global economy....		Five major items’ exports to Kabul decline ISLAMABAD, Sept 21: Pakistan’s export of five major commodities — rice, construction materials, sanitary wares, electronic goods and sugar — to Afghanistan declined during the first two months (July-August) of the current fiscal year, over the same period last year....
Electronic system to verify invoices KARACHI, Sept 21: Central Board of Revenue Chairman Abdullah Yusuf said on Wednesday that an electronic system was being developed for the verification of invoices, which would not only help make...		Govt trying to minimize risk for Sukuk ISLAMABAD, Sept 21: Through international rate hedging the government is trying to minimize the risk for Islamic Bonds (Sukuk) which is currently based on floating rate of London Inter Bank Offer Rate (LIBOR)....
22 officials appointed at missions abroad ISLAMABAD, Sept 21: Prime Minister Shaukat Aziz on Wednesday approved the appointments of 22 officials as trade officers in Pakistani missions abroad. According to an official announcement on Wednesday, BS-20 officer...		Oil prices climb as Rita threatens US Coast rigs LONDON, Sept 21: World oil prices made strong gains on Wednesday as Hurricane Rita gathered speed and threatened fresh damage to vital US Gulf of Mexico platforms and refineries, analysts said....
KSE 100-share index crosses another barrier of 8,100 KARACHI, Sept 21: The KSE 100-share index on Wednesday maintained upward drive and broke the second barrier of 8,100 in a row aided by fresh active buying in the leading index and those shares whose dividend announcements are due....		Trading on cotton market active KARACHI, Sept 21: Trading on the cotton market remained fairly active, spinners and mills continued to lift all the lots offered by the ginners at the lower levels....
Input tax adjustment notified ISLAMABAD, Sept 21: The Central Board of Revenue has formally notified the concession of input tax adjustment for five sectors up to September 30, 2005. The decision was made through a sales tax notification SRO992 of 2005 issued here on Wednesday....		BCCI executive body QUETTA, Sept 21: Progressive Business group headed by Sardar Mohammad Ali Jogezai has won all the eight seats of the Executive Committee of Balochistan Chamber of Commerce and Industry (BCCI), held on Tuesday....
MAP polls KARACHI, Sept 21: Modaraba Association of Pakistan (MAP) has elected Mr Ayaz Dawood of Guardian Modaraba its chairman and Mr Azam A. Sakrani of First Al-Noor Modaraba its vice chairman for the year 2005-06, says a press release....		Karachi Port operations KARACHII, Sept 21: Another dozen ships including those whose arrivals were delayed are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
Land route trade with China to improve BEIJING, Sept 21: China hopes that its western region (Xinjiang) will emerge as hub of Sino-Pak business activities, with the implementation of special tariff package to be implemented from January 2006,...		Palm oil prices lower KUALA LUMPUR, Sept 21: Malaysian palm oil closed down on Wednesday, surrendering early gains, as players cut back on positions ahead of key export numbers due next week....
Dollar falls LONDON, Sept 21: The dollar lost ground against the euro here on Wednesday on fears of potential damage from Hurricane Rita and as the effect of Tuesday’s rate hike by the Federal Reserve began to fade....		Tea auction NAIROBI, Sept 21: Kenya’s tea prices were mixed at this week’s auction, with some grades dipping on falling quality, while others firmed on improved quality, traders said on Wednesday....
Airbus share BEIJING, Sept 21: European aviation giant Airbus said Wednesday it will achieve a 50 per cent market share in mainland China in the next eight years if it continues its current trend....		Karachi market rates KARACHI, Sept 21: The following were Wednesday’s commodity market rates in rupees....