October 7, 2005	Friday	Ramazan 2, 1426

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Reforms strengthen economy, says PM ISLAMABAD, Oct 6: Prime Minister Shaukat Aziz has attributed the growing strength in Pakistan’s economy to the far-reaching reform process initiated over the last six years....		Decision to hit non-POL items’ import, export: Closure of dry berth KARACHI, Oct 6: The Karachi Port Trust’s decision to close down dry berth (No 1 and 2) for liquid cargo may adversely affect import and export of various non-POL products, including edible oil, chemicals, ethanol and molasses....
US ready to tackle farm subsidy at WTO WASHINGTON, Oct 6: Agriculture Secretary Mike Johanns said on Thursday that the United States must show leadership in tackling domestic farm supports in world trade talks in order to get what it wants in terms of market access....		July-Aug import bill rises by 44pc ISLAMABAD, Oct 6: A surge in imports of machinery, consumer goods, metal group and petroleum products increased the import bill by 44.27 per cent to $4.231...
ECB, BoE leave rates unchanged ATHENS, Oct 6: The European Central Bank, the eurozone’s inflation watchdog, growled and bared its teeth here on Thursday as runaway oil rates pushed up consumer prices in the 12-country eurozone, but the bank stopped short of biting just yet....		Dollar slips against rupee KARACHI, Oct 6: The US dollar started losing weight against the Pakistani rupee mainly on account of higher supply of the greenback in the open market, foreign exchange dealers said on Thursday....
Profit-taking halts rally on stock market KARACHI, Oct 6: The current persistent run-up on the stock market was halted on Thursday as a section of investors took profits at the higher levels but the selling was well absorbed in low volumes....		Steady trend on cotton market KARACHI, Oct 6: The Cotton market on Thursday consolidated the gains of last couple of sessions as official spot rates were firmly held at the previous levels, but the rumours of a short crop continue to haunt spinners and mills....
5 foreign firms interested in PS ISLAMABAD, Oct 6: Five major international companies including from Saudi Arabia, United Arab Emirates (UAE) and Russia have shown their active interest to buy up to 74 per cent shares of...		New fund launching on 10th KARACHI, Oct 6: Faysal Asset Management (FAML) will launch ‘Faysal Income and Growth Fund’ (FIGF) on Monday (Oct 10) with the hope to provide up to 10 per cent yield to investors....
US inflation WACO, Texas, Oct 6: Dallas Federal Reserve President Richard Fisher on Thursday said the Fed was closely watching inflation and had taken “appropriate” action so far, but stressed future monetary policy would be data-dependent....		Loan for Delta NEW YORK, Oct 6: A US bankruptcy court judge on Thursday approved a $1.9 billion package of loans for bankrupt Delta Air Lines as it seeks to reorganize under federal bankruptcy protection....
Thai rice seen dropping amid thin export BANGKOK, Oct 6: Thai rice prices are likely to drop further over the next week with few overseas buyers in sight due to unattractively high prices, traders said on Thursday....		EU cuts eurozone growth forecast: Rising oil prices BRUSSELS, Oct 6: Expensive oil could slow eurozone economic growth to 1.2 per cent this year despite signs of recovery in the second half, the European Commission said in a report on Thursday, noting more risks to growth further ahead....
Transfers, postings in CBR ISLAMABAD, Oct 6: The Central Board of Revenue (CBR) has transferred and posted 14 senior officials of customs and excise group. According to the notifications issued on Thursday, S....		Habib Bank opens office in Beijing BEIJING, Oct 6: The Habib Bank Limited has opened a representative office in Beijing to facilitate the Chinese entrepreneurs to undertake joint ventures in Pakistan. The branch office will help them...
Karachi Port operations KARACHI, Oct 6: Six ships carrying machinery, steel and logs are expected to arrive at the outer anchorage on Friday, according to KPT sources. Six ships, Kota Tampan, Kota Wajaiya, Y.M.Star,...		Port Qasim KARACHI, Oct 6: Three ships carrying rice and containers were berthed at MPT and...
Asian stocks tumble with heavy selling HONG KONG, Oct 6: Asian stocks tumbled on Thursday with heavy selling gaining the momentum amid the prospect that interest rates in the United States will head higher than anticipated, dealers said....		Palm oil prices higher KUALA LUMPUR, Oct 6: Malaysian palm oil surged one per cent on talk that Indonesia planned to restrict exports to ensure enough supply of oil at home for the fasting month of Ramazan, dealers said....
Gold crawls lower in Europe LONDON, Oct 6: Gold inched lower in European trade on Thursday with a drop in crude oil prices, but a weak dollar was expected to put some upward pressure on prices, dealers said....		European stocks slide LONDON, Oct 6: European stock markets slid sharply on Thursday, in the wake of large Wall Street losses owing to concerns that higher interest rates in the United States could brake global economic growth, dealers said....
Illegal trade NEW DELHI, Oct 6: India’s environment minister will visit China to call for urgent action against the illegal trade in Indian wildlife products such as tiger and leopard skins, a report said on Thursday....		Freight subsidy KARACHI, Oct 6: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for implementation of the notification about freight subsidy to leather garments exporters, dated February 21, 2005....