September 30, 2005	Friday	Sha'aban 25, 1426

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Monitoring of uplift plans to be improved ISLAMABAD, Sept 29: The government has decided to strengthen the system of implementation and monitoring of development projects to ensure transparency and better use of funds, says a senior government official....		Islamabad seeks Korean investment: Infrastructure projects SEOUL, Sept 29: Prime Minister Shaukat Aziz on Thursday invited South Koreans to invest in the infrastructure development in Pakistan, particularly in the setting up of big refineries, telecommunication and hotel business....
US, China plan fresh talks next month: Textiles row WASHINGTON, Sept 29: The United States and China plan another round of talks on a drawn-out battle over textiles trade next month after their latest negotiations here ended without agreement, officials said on Thursday....		Oil prices decline on fund selling LONDON, Sept 29: World oil prices reversed course on Thursday on profit taking, handing back earlier gains made on fears over US refineries, as traders also looked to stronger-than-expected US inventory data from the previous day....
US pharma firms for prompt listing ISLAMABAD, Sept 29: A five-member delegation of leading US pharmaceutical companies has suggested for early registration and pricing mechanism for innovative pharmaceutical products in Pakistan....		Pakistan among top 10 reformer countries ISLAMABAD, Sept 29: Pakistan has been declared in a recent World Bank report as top 10 reformer countries in the world, and has been ranked 60th in case of doing business list among 155 countries by the International Financial Corporation (IFC)....
SSGC declares 15pc cash dividend KARACHI, Sept 29: Sui Southern Gas Company (SSGC) declared a cash dividend of 15 per cent i.e. Rs1.50 per share for the financial year ended June 30, 2005....		New rules for late shipment of goods ISLAMABAD, Sept 29: The Central Board of Revenue has empowered the field formation for condonation of shortfall and late shipment of goods under the baggage rules....
Stocks fall by 45 points on late selling in PTCL KARACHI, Sept 29: After a higher opening, stocks on Thursday ran into profit-selling later, but larger fall was averted thanks to active short-covering in the leading base shares at the lower levels....		Trading rules firm on cotton market KARACHI, Sept 29: Trading on the cotton market on Thursday was maintained on the higher side as spinners and mills continued to build up long positions at the current levels....
BD received 72pc more FDI in 2004 DHAKA, Sept 29: Bangladesh attracted 72 per cent more foreign direct investment in 2004 than it did the year before, recording a significant improvement in the global investment index, reveals the UNCTAD’s World Investment Report 2005, released in Dhaka on Thursday....		Chairmen of various bodies elected KARACHI, Sept 29: Farouq H Rahimtoola and Rear Admiral (Retd) S Hamid Khalid have been elected chairman and vice-chairman of the Pakistan Ship’s Agents Association (PSAA) for the year 2005-06, respectively....
US 2nd quarter growth steady WASHINGTON, Sept 29: Brisk consumer and business spending pushed the US economy ahead at a 3.3 per cent rate in the second quarter, while a weekly gauge of jobless-pay claims pointed...		Karachi Port operations KARACHI, Sept 29: Seven ships, including Ocean Peace carrying sugar, are expected to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was active...
KCCI AGM held KARACHI, Sept 29: The 44th annual general meeting of the Karachi Chamber of Commerce and Industry (KCCI) was held here on Thursday with President Khalid Firoz in the chair....		Cotton buying MULTAN, Sept 29: The Trading Corporation of Pakistan will purchase 300,000 bales of clean cotton this season and has selected some 30 factories of south Punjab for this purpose....
ST payment procedure ISLAMABAD, Sept 29: The Central Board of Revenue (CBR) has clarified that special procedures for collection and payment of sales tax will not apply on buses and trucks....		Asian stock markets close sharply up HONG KONG, Sept 29: Asian stocks closed mostly sharply higher on Thursday, with several markets extending gains into record territory as investors showed no fear of rising oil prices or interest rates, dealers said....
Gold higher in Europe LONDON, Sept 29: Gold crept to within $2 of last week’s 17-3/4-year high in Europe on Thursday as funds continued to buy on the back of high crude oil prices and the dollar softened a little versus the euro, dealers said....		Palm oil futures KUALA LUMPUR, Sept 29: Malaysian crude palm oil futures closed up, rebounding from the previous day’s losses as buyers returned after seeing a rise in US soyaoil prices....