September 23, 2005	Friday	Sha'aban 18, 1426

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Pakistani companies response very poor: Enlisting with ITC KARACHI, Sept 22: Rupa Ganguli, a consultant on international trade in textiles and clothing, on Thursday expressed her utter dismay over the lukewarm response from Pakistani companies and trade bodies for...		July-Aug FDI rose by over 108 per cent ISLAMABAD, Sept 22: Foreign direct investment (FDI) in Pakistan in the first two months (July-August) of the fiscal year 2005-06 amounted to $225 million, up by over 108 per cent against $108 million of the same period last year....
Malaysia ready to invest in energy, tourism sectors ISLAMABAD, Sep 22: The consistency and continuity in Pakistan’s economic policies have generated confidence among foreign investors, and a number of Malaysian companies were keenly interested in investing in Pakistan, which has emerged as a promising market....		Premium payment to growers and ginners proposed ISLAMABAD, Sept 22: The committee on Clean Cotton Programme (CCP) on Thursday proposed payment of premium to growers and ginners to encourage production of contamination-free cotton....
Six bids shortlisted for sugar import KARACHI, Sept 22: The Trading Corporation of Pakistan shortlisted six bids on Thursday for a tender to import 25,000 tons of white sugar at between $333.50...		Traders urged to pay taxes honestly KARACHI, Sept 22: Central Board of Revenue Chairman Muhammad Abdullah Yousuf has complained of non-cooperation from traders, industrialists and the corporate sector in tax payments despite the fact that the government...
$100m fund to attract overseas investment ISLAMABAD, Sept 22: The government has decided to launch a $100 million new overseas investment fund to attract overseas Pakistanis investment in the country. Official sources told Dawn on Wednesday that...		CFS cap to prevent speculation, says SECP ISLAMABAD, Sept 22: The Securities and Exchange Commission of Pakistan (SECP) on Thursday clarified that any speculation regarding an increase in the funding cap beyond Rs25 billion for Continuous Funding System (CFS) was unwarranted....
KSE index fails to sustain 8,200-point mark KARACHI, Sept 22: After having broken the third consecutive barrier of 8,200, the KSE 100-share index on Thursday reacted to session’s lows on nervous selling triggered by reports of bomb blast in Lahore and fears of casualties....		Spinners active buyers on cotton market KARACHI, Sept 22: Cotton market on Thursday held on to its previous levels despite some negative news about the foreign demand owing to higher local prices but spinners remained active buyers around the current rates....
Steps taken to check stem rust attack on wheat ISLAMABAD, Sept 22: The government has allocated Rs40 million for combating the possible attack of stem rust on wheat crop in Pakistan. An official in the ministry of food, agriculture and...		Livestock survey under way ISLAMABAD, Sept 22: The Federal Bureau of Statistics (FBS) has started a nation-wide livestock survey 2006 to assess the production capacity of livestock in the country Federal Secretary FBS Asad Elahi...
Karachi Port operations KARACHI, Sept 22: Six ships carrying steel cargo, crude oil and containers are due to arrive at the outer anchorage on Friday, according to KPT sources....		Oil prices rise as Rita heads for US Gulf Coast LONDON, Sept 22: World oil prices climbed on Thursday as monster Hurricane Rita churned towards the US Gulf Coast, sending millions fleeing its predicted path and forcing the shutdown of vital energy infrastructures....
US economy WASHINGTON, Sept 22: With the US economy still hurting from Katrina, experts said on Thursday that Hurricane Rita has the potential to deliver another powerful economic blow if it stays on course toward the Texas coast....		World rich in oil, gas: IEA PARIS, Sept 22: The IEA said on Thursday that the world still contained an abundance of energy resources, with less than half of the world’s oil and gas used up, but...
China quotas WASHINGTON, Sept 22: The US textile industry asked the government Thursday to impose quotas on four types of Chinese imports amid a standoff between Washington and Beijing on apparel and fiber trade....		Palm oil prices higher KUALA LUMPUR, Sept 22: Malaysian palmoil closed up on Thursday, reversing losses from the previous day as prices of rival US soyaoil surged. The market was also bolstered by expectations that export estimates for Sept....
Asian stocks lower, hit by rising oil prices HONG KONG, Sept 22: Asian stocks closed mostly lower on Thursday, with sentiment hit by a fresh spike in oil prices and concern at the hard line taken by the US...		Saudi stocks hit new high RIYADH, Sept 22: Saudi stocks closed the trading week on Thursday at a lifetime high in heavy trade fuelled by hopes of strong third quarter results and the rise in crude oil prices, traders said....