September 28, 2005	Wednesday	Sha'aban 23, 1426

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Investors paying price for uncertainty: Takeover of PTCL KARACHI, Sept 27: No news is not always good news. The government, the Pakistan Telecommunication Company Limited (PTCL) and most objectionably the Privatization Commission (PC) is maintaining a deafening silence on...		Indian insurers to visit Pakistan: Business prospects KARACHI, Sept 27: The state-owned General Insurance Corporation of India is exploring reinsurance business possibilities with the Pakistan’s private general insurance companies and plans to send a team of insurance experts soon after Ramazan....
Task force set up on transfer pricing issues ISLAMABAD, Sept 27: The Securities and Exchange Commission of Pakistan (SECP) and the Central Board of Revenue (CBR) have constituted a joint task force on transfer pricing....		Government to support telecom industry ISLAMABAD, Sept 27: Industries and Production Minister Jehangir Khan Tareen said here on Tuesday the government would extend every possible support to telecom equipment manufacturers in achieving global excellence....
Plan to computerize 34 FBS offices ISLAMABAD, Sept 27: The government has planned to computerize 34 offices of the Federal Bureau of Statistics (FBS) to improve its working condition up to the international standards as a first step under its restructuring plan....		Pakistan to welcome investment in oil, gas ISLAMABAD, Sept 27: Prime Minister Shaukat Aziz on Tuesday said Pakistan had lot of potential in the area of hydrocarbons and would welcome foreign investors to exploit the full potential....
Stocks fail to extend overnight recovery KARACHI, Sept 27: Stocks on Tuesday failed to extend the overnight recovery as some of leading base shares came in for active profit-selling at the higher levels under the lead of PTCL ahead of its annual board meeting....		Cotton trading remains active KARACHI, Sept 27: Trading activity on the cotton market on Tuesday was well-sustained for the sixth session in a row as price ideas of ginners and spinners have found a meeting ground....
PTCL profit falls by 9pc to Rs26.6bn ISLAMABAD, Sept 27: The net profit of the Pakistan Telecommunication Company Limited fell to Rs26.6 billion during the year ended June 30, 2005 compared to Rs29.2...		Returns filing time extended ISLAMABAD, Sept 27: The Central Board of Revenue has extended the timing for receiving income tax returns at all authorized branches of the State Bank and National Bank of Pakistan....
Oil prices slip on eve of US data LONDON, Sept 27: Oil prices dipped on Tuesday on profit-taking on the eve of the weekly snapshot of US crude inventories, and as Saudi Arabia pledged that it would supply the market with adequate oil to meet demand....		Business forum in Jeddah on Oct 2 JEDDAH, Sept 27: Over a thousand businessmen and industrialists from across the Muslim world have registered to participate in the 9th International Business Forum, which begins here on Oct 2....
30 BD missions missed export target in July DHAKA, Sept 27: Thirty of the 44 Bangladesh missions abroad have missed their export targets in July, the first month of the current fiscal year, according to the Export Promotion Bureau report....		BD tea prices CHITTAGONG, Sept 27: The average price of Bangladesh teas fell by almost 1.0 per cent to 78.01 taka ($1.19) per kg on lower overseas demand at the weekly auction on Tuesday....
Poland keen to fortify trade ties KARACHI, Sept 27: Poland’s Ambassador to Pakistan Bodgan Marczewki has said that the would-be new Polish government will take all necessary steps to expand its economic and commerce ties with Pakistan in months to come....		Karachi Port operations KARACHI, Sept 27: Seven ships, including a car carrier with 200 units, are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
Rice prices may fall on supply rise KARACHI, Sept 27: Pakistani rice prices eased over the past week amid soft demand from exporters and dealers said increasing new-crop arrivals could pull prices further down in coming days....		Asian stock markets close mixed HONG KONG, Sept 27: Asian stocks closed mixed on Tuesday, with Tokyo running into profit-taking after recent gains while Seoul, Sydney and Mumbai all continued into record territory, dealers said....
Palm oil prices higher KUALA LUMPUR, Sept 27: Malaysian crude palm oil futures closed up marginally on Tuesday, reversing early losses as players bet on better exports for September in a market struggling to stay above 1,450 ringgit a ton....		Gold prices lower in Europe LONDON, Sept 27: Gold fell about one per cent in Europe on Tuesday, with participants watching currency movements and the potential resumption of gold sales by European central banks for a clearer direction, dealers said....