October 6, 2005	Thursday	Ramazan 1, 1426

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India keen to promote trade with Pakistan KARACHI, Oct 5: Indian Foreign Minister Kunwar Natwar Singh has said that trade normalization at a time when both India and Pakistan are in the midst of growth spurt has opened...		No change in trend of bourses in Ramazan KARACHI, Oct 5: Contrary to popular belief, stock markets in Pakistan do not behave any differently during the holy month of Ramazan than other days, a study of the KSE-100 index trend of the previous seven years shows....
CBR receives 1.2 million effective returns: Omission, mistakes ISLAMABAD, Oct 5: Majority of taxpayers are not serious in filing their income tax returns properly as some omission and mistakes were found in the returns....		Russian firm interested in Pakistan Steel ISLAMABAD, Oct 5: MMK Steel, Russia’s largest steel producers, is interested in purchasing Pakistan Steel with the aim to upgrade and modernize the existing plant’s position, capacity and environment, company’s deputy-director general Rafaat S....
Exporters to challenge EU decision on bedlinen ISLAMABAD, Oct 5: Eight bedlinen exporters on Wednesday decided to challenge the dumping margin of European Union’s technical team by October 13 before European Commission investigators....		RBI, SBP working for opening branches NEW DELHI, Oct 5: The Reserve Bank of India and the State Bank of Pakistan are working on modalities for opening branches of each other’s bank in both the countries, SBP Governor Dr Ishrat Husain said on Wednesday....
Stocks go berserk, bag another 155 points KARACHI, Oct 5: Stocks on Wednesday remained in a bullish frame of mind as leading bulls were not inclined to loosen their grip on the price line despite many abortive efforts made by bears to break the squeeze....		Lint prices maintain upward drive KARACHI, Oct 5: Cotton prices on Wednesday maintained their upward drive on active mill buying triggered by reports of a sizable fall in arrivals of phutti into ginneries amid fears of a short crop....
Cement sales surge 9.3pc in first quarter LAHORE, Oct 5: Cement sales grew by 9.3 per cent to 4.474 million tons during the first quarter of the current fiscal year as compared to 4.093...		Pakistan to host WIEF next year KARACHI, Oct 5: Pakistan has been assigned the task to host second World Islamic Economic Forum (WIEF) in November 2006. The decision came during the meeting of International Advisory Panel (IAP)...
Corporate marketing conference KARACHI, Oct 5: Tariq Kirmani, Chairman and CEO of PIA, inaugurated a two-day corporate marketing conference here on Wednesday. According to a PIA press release, all senior vice-presidents of PIA and...		Karachi Port operations KARACHI, Oct 5: Four ships, including Capetan Lefteris, carrying 38,000 tons of raw sugar are expected to arrive at the outer anchorage on Thursday, according to KPT sources....
Oil prices ease LONDON, Oct 5: Oil prices fell on Wednesday as cooler demand for gasoline offset a drop in US crude inventories in the wake of supply disruptions caused by Hurricanes Katrina and Rita, analysts said....		European stocks dip as energy sector falters LONDON, Oct 5: European stock markets receded on Wednesday, as the recent drop in oil prices weighed on the energy sector, and following sharp overnight falls on Wall Street, dealers said....
EU fines French carmaker BRUSSELS, Oct 5: The European Commission fined French carmaker Peugeot Citroen on Wednesday nearly 50 million euros for violating EU competition rules by preventing Dutch dealers from selling cut-price cars abroad....		US services sector WASHINGTON, Oct 5: The US economy’s services sector took a hit in September from Hurricane Katrina and surging energy prices, the Institute for Supply Management said on Wednesday....
Architects awarded KARACHI, Oct 5: The Institute of Architects Pakistan (IAP) organized for the first time distribution of awards for excellence in architectural design at the end of three-day IAP Exhibition 2005....		Asian stock markets close lower HONG KONG, Oct 5: Asian stocks closed mostly lower on Wednesday after comments from senior US Federal Reserve officials on the danger of rising prices and the need for higher interest rates sparked a heavy bout of profit-taking, dealers said....
Palm oil prices higher KUALA LUMPUR, Oct 5: Malaysian crude palm oil futures closed a touch higher on Wednesday, with players unwilling to go long after seeing mixed fortunes in US soyaoil....		Europe gold eases LONDON, Oct 5: Gold eased in Europe on Wednesday, pressured by a drop in oil prices and worries that funds could liquidate, but the long-term outlook remained bullish, dealers said....