October 11, 2005	Tuesday	Ramazan 6, 1426

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Workforce scarcity hits city business KARACHI, Oct 10: As the Saturday’s earthquake claimed thousands of lives in northern and other parts of Pakistan, its tremors have also been felt in distant Karachi where a sizable workforce...		Reconstruction hinges on resumption of business KARACHI, Oct 10: It has to be back to business as usual after the dead bodies are counted, the survivors dug out from the underneath of the rubbles and debris and...
Textile exports up 13.6pc ISLAMABAD, Oct 10: The total value of textile exports increased by 13.64 per cent to $1.602 billion during the first two months (July-August) of the current fiscal as against $1.413...		Rs82.52 million industrial loans written off: IDBP remains in red KARACHI, Oct 10: While the financial health of the Industrial Development Bank of Pakistan (IDBP) continues to be precarious, around Rs82.524 million has been written off by the bank against the...
PC receives 17 EoIs for Pakistan Steel ISLAMABAD, Oct 10: Federal Minister for Privatization and Investment Abdul Hafeez Shaikh has said that seventeen parties had submitted their Expressions of Interest (EoIs) for acquiring 51-74 per cent equity stakes...		Donations to Relief Fund exempted from income tax ISLAMABAD, Oct 10: The Central Board of Revenue (CBR) on Monday announced exemption of income tax on donations given to the President’s Relief Fund for earthquake victims....
Stock market mourns deaths, sheds 22 points KARACHI, Oct 10: Stocks resumed trading on Monday in the backdrop of a massive human misery and death toll caused by Saturday’s earthquake, but investors played safe and did not resort...		Prices rise by Rs75 on cotton market KARACHI, Oct 10: Cotton prices on Monday resumed their upward drive and were quoted further higher by Rs75 per maund as spinners and mills indulged in panic buying....
SBP injects Rs19.2bn into banking system KARACHI, Oct 10: The State Bank on Monday injected over Rs19 billion into the banking system that witnessed heavy discounting last week due to severe liquidity crunch....		Automaker profit up by 37pc to Rs306m KARACHI, Oct 10: Dewan Farooque Motors Limited (DFML) — the last of the listed car manufacturers — announced financial figures for the year ended June 30, 2005 on Monday, posting 37...
G-20 ministers meeting today ISLAMABAD, Oct 10: G-20 ministers will meet on Tuesday to finalize a strategy for negotiations on agriculture issues at the forthcoming ministerial conference in Hong Kong....		Oil prices fall as supply fears ease LONDON, Oct 10: World oil prices slumped on Monday on reports that there are sufficient supplies of crude as well as the return to action of US refineries and a fall in US demand for gasoline (petrol), analysts said....
Impact of oil price LUXEMBOURG, Oct 10: Eurozone finance ministers met here on Monday to review growing signs that their economies are beginning to feel the pinch of runaway oil prices....		European stock LONDON, Oct 10: European stock exchanges closed stronger on Monday, with the London FTSE 100 index gaining 0.23 per cent to reach 5,374.5. In Paris the CAC 40 rose 0.16...
China to open up banking sector further BEIJING, Oct 10: China aims to open up its banking sector further by raising the cap on foreign banks’ stakes and making it easier for them to set up branches, a senior bank regulator said on Monday....		Uzbekistan to invest in textile TASHKENT, Oct 10: Uzbekistan foresees investment of $1.5 billion in its textiles sector over the next three years as it tries to add value to its cotton output, a senior Uzbek official said on Monday....
Economic reforms BRUSSELS, Oct 10: Economic reforms are needed in the eurozone to raise efficiency and counter a likely slowing of growth as the population aged, ECB President Jean-Claude Trichet said here on Monday....		Karachi Port operations KARACHI, Oct 10: Seven ships carrying containers and steel cargo and to load molasses are expected to arrive at the outer anchorage on Tuesday, according to official sources....
Asian stocks close firmer on technical rebound HONG KONG, Oct 10: Asian stocks closed firmer on Monday in a technical rebound after very heavy losses last week on persistent concerns that higher interest rates will be needed to curb rising inflation, dealers said....		Palm oil prices steady KUALA LUMPUR, Oct 10: Malaysian crude palm oil futures closed steady on Monday, rebounding from early losses, as the market was helped by news Indonesia is expected to raise base prices of palm oil closer to average international prices....