October 5, 2005	Wednesday	Sha’aban 30, 1426

Please Visit our Sponsor (Ads open in separate window)

Eight textile firms may challenge EU findings: Duty on bedlinen ISLAMABAD, Oct 4: Pakistan’s eight textile companies may challenge the findings and methodology of the European Union technical team’s assessment of provisional dumping margin within two week before European Commission investigators, a senior official told Dawn....		Pakistan, China eyeing $8bn trade by 2008 BEIJING, Oct 4: Pakistan and China enjoy bright prospects to take their bilateral trade volume to around $8 billion by the end of 2008, when tariff on most items would be reduced to zero under the Early Harvest Programme (EHP)....
Govt to maintain strict financial discipline: 8.2pc GDP growth by 2010 ISLAMABAD, Oct 4: The government has decided to strictly maintain financial discipline and macroeconomic stability for achieving what is termed “hard and demanding” GDP growth rate of 8.2...		Reforms to help reduce poverty to 18pc: Ishrat LONDON, Oct 4: State Bank Governor Dr Ishrat Husain has said Pakistan is back on a trajectory following introduction of structural economic reforms which will enable it reduce the current 33 per cent level of poverty to 18 per cent....
Local buyer may get LoA next week: KESC sell-off KARACHI, Oct 4: The Privatization Commission is expected to issue sometimes next week a letter of acceptance (LoA) to Hasan Associates for the disinvestment of 73 per cent shares of Karachi Electric Supply Corporation....		Pakistan, Romania sign protocol: Economic cooperation ISLAMABAD, Oct 4: Pakistan and Romania have signed a protocol of Joint Government Commission of Economic, Technical, and Scientific Cooperation to further strengthen relations and boost bilateral trade....
Unabated bullish spell draws warning to play safe KARACHI, Oct 4: The KSE 100-share index on Tuesday maintained its upward drive and breached through the third consecutive barrier of 8,400 amid a briskly traded session where turnover figure soared...		Lint prices up on active demand KARACHI, Oct 4: Cotton prices on Tuesday rose further by Rs25 per maund on active support extended by the mills followed by reports of a short crop well below the official target of 15m bales....
Bank timings in Ramazan KARACHI, Oct 4: The State Bank and the SBP Banking Services Corporation will observe 8:30 a.m. to 1:45 p.m. office timings without any break during Ramazan from Monday to Saturday except Friday....		Sri Lanka agrees to Pakistan’s proposal ISLAMABAD, Oct 4: Pakistan and Sri Lanka have agreed to remove two items from the concessional list and to rationalize duty on two other items under the Free Trade Agreement (FTA)....
PS trims prices of hot rolled coils KARACHI, Oct 4: Pakistan Steel has cut down its prices of the hot rolled coils by Rs2,500 per ton with immediate effect. Since this would affect a proportional cut in the...		Oil sheds $2 despite supply concerns LONDON, Oct 4: World oil prices plummeted by more than $2 on Tuesday on hopes the United States might release emergency stockpiles and despite a warning from analysts of a shortage of refined products in the northern hemisphere winter....
India hopes to double cotton exports NEW DELHI, Oct 4: India, the world’s third largest cotton producer, is expected to nearly double its exports in the year to September 2006 because of a record crop and lower prices, traders said on Tuesday....		Asian stock markets close higher HONG KONG, Oct 4: Asian stocks closed mostly higher in confident Trade on Tuesday, with Seoul and Mumbai in record-breaking form again as the region continued its sustained advance, dealers said....
Palm oil prices lower KUALA LUMPUR, Oct 4: Malaysian crude palm oil futures lost more than half a per cent on Tuesday as a drop in rival soyaoil sparked profit-taking in a market that closed up one per cent the previous day....		Europe gold edges up LONDON, Oct 4: Europe gold nudged higher on Tuesday and was seen trading in a range, with inflation worries and good physical demand supporting prices, traders said....
Karachi Port operations KARACHI, Oct 4: Five ships carrying chemicals, containers and general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was...		Port Qasim KARACHI, Oct 4: Three ships carrying containers and edible oil were berthed at QICT and MPT during the last 24 hours, according to a PQA press release on Tuesday....
New refineries WASHINGTON, Oct 4: President George W. Bush called on Tuesday for the United States to build its first new refineries since the 1970s after hurricanes Katrina and Rita battered US oil production.—AFP...		Award for NBP KARACHI, Oct 4: Global Finance, New York, one of the leading financial journals, has placed National Bank of Pakistan as “The Best Foreign Exchange Bank in Pakistan — 2005.”...