October 4, 2005	Tuesday	Sha’aban 29, 1426

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Investors seek third country arbitration: Hydropower projects ISLAMABAD, Oct 3: International investors have asked Pakistan to provide third country arbitration and sovereign guarantees for $1.6 billion buyer’s credit required for the construction of 969-mw Neelum-Jhelum hydropower projects in Azad Kashmir, it is learnt....		Knitwear exports to US remain sluggish KARACHI, Oct 3: Growth in knitwear exports to the US after the removal of quotas from January 2005 remained sluggish as compared to China, India and Bangladesh which registered a manifold increase during the same period....
New rules of reward for taxmen okayed ISLAMABAD, Oct 3: The Board-in-Council (BIC) on Monday approved a new revised unified reward rules for the field formation of the Central Board of Revenue (CBR) to reduce the misuse of the facility....		Pakistan, Romania ink protocol today ISLAMABAD, Oct 3: Pakistan and Romania will sign on Tuesday a protocol of joint government commission for economic, technical and scientific cooperation between the two countries....
Cotton crop may fall short of target LAHORE, Oct 3: Basing their assessment on a shortfall of 46 per cent in first arrivals this year in comparison with the previous year, cotton sector experts and most of farmers...		Challenges ahead of Pakistan: Dr Ishrat TORONTO, Oct 3: State Bank Governor Dr Ishrat Husain has cautioned that while Pakistan has clearly emerged as one of the top ten reformers in the world, the road ahead of it is ‘arduous and torturous’....
Index crosses 8,300-level as buying spree continues KARACHI, Oct 3: The KSE 100-share index on Monday breached through the barrier of 8,300 and finished around the day’s highest level boosted by fresh heavy buying in bank and oil giants aided by perceptions of higher corporate earnings....		Lint prices up on short crop idea KARACHI, Oct 3: Cotton prices on Monday rose modestly further higher as ginners were not inclined to take even a technical breather apparently having some negative information about the crop size....
Oil prices slip in quiet trade LONDON, Oct 3: World oil prices dipped on Monday in range-bound trade, but traders remained uncertain about the consequences of hurricane-battered refineries in the US Gulf Coast....		‘Exports to Russia can be raised’ KARACHI, Oct 3: Pakistan can increase its exports to Russia up to $500 million from the current level of $20.3 million per annum if an appropriate strategy is evolved and due facilities are provided to exporters....
BD-Tata talks likely to collapse: $2.5bn investment DHAKA, Oct 3: The latest round of negotiations between the government of Bangladesh and the Tata Group of India regarding the latter’s proposed $2.5 billion investment here was precariously poised on...		US industry expands despite hurricanes WASHINGTON, Oct 3: The US industrial sector surprisingly accelerated in September, according to a new report on Monday that suggested the economy is coping well with the destructive impact of hurricane weather....
Women products’ fair in Dhaka ISLAMABAD, Oct 3: The second South Asian Women Entrepreneurs exhibition will be held next week in Dhaka to promote products prepared by the womenfolk of the region....		US to appeal WTO ruling WASHINGTON, Oct 3: The United States plans to appeal a World Trade Organization ruling over tax breaks for US companies that have raised the threat of European Union sanctions, a top official said Monday....
Karachi Port operations KARACHI, Oct 3: Seven ships carrying sugar, containers and general cargo are due to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at the wharves was...		Eurozone’s economic growth COPENHAGEN, Oct 3: European Central Bank president Jean-Claude Trichet said on Monday that the eurozone economy was failing to grow at its full potential rate, making its performance less than satisfactory....
Asian stocks close narrowly mixed HONG KONG, Oct 3: Asian stocks closed narrowly mixed in subdued Trade on Monday, with Saturday’s bomb attacks in Bali adding a note of caution after last week’s very strong performance, dealers said....		European gold eases LONDON, Oct 3: Gold prices drifted down in Europe on Monday, tracking movements in major currencies, although the slippage was seen limited because of strong seasonal physical demand in major consuming nations....
Palm oil prices higher KUALA LUMPUR, Oct 3: Malaysian crude palm oil futures rose more than 2 per cent after tailing a rally in US soyaoil, but profit-taking caused the market to close below Monday’s 6-= month highs....		Total, Inpex win Libyan oil block PARIS, Oct 3: French oil group Total and Japanese company Inpex have been chosen by the Libyan government to exploit a 3,400-square-km oil field in the east of the country, Total said in a statement on Monday....