October 12, 2005	Wednesday	Ramzan 7, 1426

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Pakistan lobbying for cut in tariffs: Industrial goods ISLAMABAD, Oct 11: Pakistan has tabled a proposal on industrial goods relating to tariff reduction formula and treatment of unbound tariffs. A senior official told Dawn on Tuesday that Commerce Minister...		Earthquake hits Eid shopping KARACHI, Oct 11: The Saturday’s earthquake in northern parts of Pakistan has dashed the sentiments of consumers and it is much evident from their thin presence in the markets at a time when Eid shopping usually starts picking up pace....
Reconstruction efforts may lift economy KARACHI, Oct 11: Pakistan’s efforts to recover from the worst natural disaster in its 59-year history are expected to eventually boost slowing economy and support its currency and stocks....		Sindh Land Ord impediment to investment: ECC under study KARACHI, Oct 11: Since the existing Sindh Urban Land Disposal Ordinance 2000 is being considered a big impediment to the implementation of investment proposals from foreign and local groups, the government...
Banks asked to define dormant accounts KARACHI, Oct 11: The State Bank of Pakistan has directed all banks to immediately develop a well-defined and transparent policy regarding the dormant accounts. The SBP in a circular issued on...		CBR, TI sign MoU to make procurement transparent ISLAMABAD, Oct 11: The Central Board of Revenue (CBR) on Tuesday signed a memorandum of understanding with Transparency International Pakistan (TIP) for the implementation of the integrity pact and transparency in its procurement system....
Stocks absorb earthquake shock, up by 101.71 points KARACHI, Oct 11: The KSE 100-share index on Tuesday broke the barrier of 8,600 points for the second time during the last six sessions, and heavy buying in leading base oil...		Cotton prices rise by another Rs75 KARACHI, Oct 11: Cotton prices on Tuesday tended higher by another Rs75 for the second session in a row as spinners indulged in panic buying amid reports of a damage to...
Asian textile makers doing better: Post-MFA MANILA, Oct 11: Fears that China would swallow up between a third and 50 per cent of all world textile trade with the end of a global export quota system earlier...		Oil prices rise on IEA’s demand forecasts LONDON, Oct 11: World oil prices climbed sharply on Tuesday after the International Energy Agency made a smaller-than-expected downward revision to energy demand growth, analysts said....
G20 to table new subsidy cut plan GENEVA, Oct 11: Key developing nations in the World Trade Organization said on Tuesday they would now unveil their own plan to jump-start talks on tearing down global trade barriers after a two-pronged EU-US initiative ran into stiff opposition....		Russia’s WTO entry talks progressing MOSCOW, Oct 11: Russian trade negotiators have made good progress in talks with Canada aimed at pushing forward Moscow’s bid to join the World Trade Organization (WTO), a senior Russian trade official said on Tuesday....
Garment exporters seek R&D subsidy KARACHI, Oct 11: The Pakistan Readymade Garments Manufacturers & Exporters Association (Prgmea) has urged the ministry of commerce to extend the research and development (R&D) subsidy to promote garment exports to Turkey and other non-traditional markets....		IEA estimates 1pc growth loss to US economy: Storm-driven oil shock PARIS, Oct 11: The oil shock from the Katrina and Rita hurricanes is blowing itself out but has set back the US economy in the third quarter, the International Energy Agency estimated on Tuesday....
Karachi Port operations KARACHI, Oct 11: Seven ships carrying railway bogies and containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was active...		Port Qasim KARACHI, Oct 11: Two ships carrying diesel oil and chemicals were anchored at the outer anchorage during the last 24 hours, said a PQA press release on Tuesday....
Asian stocks close sharply mixed HONG KONG, Oct 11: Asian stocks closed sharply mixed on Tuesday with inflationary fears again haunting investors, who remain cautious after last week’s sell-off, dealers said....		Smeda backs rice PSI by TCP KARACHI, Oct 11: The Small and Medium Enterprise Development Authority (Smeda) has supported the proposal of the Union of Small & Medium Enterprises (Unisame) that the Trading Corporation of Pakistan (TCP) be allowed to conduct pre-shipment inspection (PSI) of basmati rice....
London sugar rises LONDON, Oct 11: London white sugar futures rose on speculator buying at midday on Tuesday, and European traders said the market appeared overbought due to a lack of physical business....		Palm oil ends lower KUALA LUMPUR, Oct 11: Malaysian crude palm oil ended lower on Tuesday, after losses in rival US soyaoil and fears over mounting physical stocks of palm oil weighed on the market....