October 14, 2005	Friday	Ramzan 9, 1426

Please Visit our Sponsor (Ads open in separate window)

Tent prices shoot up by 100pc after quake: Blankets rise by 50pc KARACHI, Oct 13: While many well wishers and companies are making a beeline to contribute as much as they can for the earthquake victims, market traders are out to fully cash...		Textile sector profit up 48pc in 9 months: Quota-free regime KARACHI, Oct 13: Textile sector’s profitability during the first nine months of the post-quota regime (January-September 2005) grew by an impressive 48 per cent owing to improved gross margin from 11...
EU calls for investment in oil sector BRUSSELS, Oct 13: The European Commission called on Thursday on the oil industry to plough the bumper profits earned from high oil prices back into investment to boost production and refining capacity....		Compromise needed in trade talks: Lamy GENEVA, Oct 13: WTO chief Pascal Lamy warned on Thursday that further compromise was needed to reach an overall accord on global commerce, as a potential EU internal row threatened to...
Corporate profit grew 23pc in 02-04 KARACHI, Oct 13: The country’s corporate sector has witnessed average annual profit growth of 23 per cent in three years — from financial year ’02 to ’04 — which is one...		SBP injects Rs4.6bn in banking system KARACHI, Oct 13: The State Bank injected on Thursday Rs4.6 billion into the banking system through reverse repo to ease the liquidity crunch.    The SBP conducted an open market operation...
Index fails to stay above 8,800-level amid profit-taking KARACHI, Oct 13: Stocks on Thursday attracted modest profit-selling at the overnight highs in some of the leading base shares but it was well-absorbed both at the rise and the fall,...		Bearish spell on cotton market KARACHI, Oct 13: Cotton market on Thursday remained depressed as spot rates were further lowered by Rs100 per maund on active renewed selling by the ginners after increased arrivals of phutti....
Relief goods exempted from ST ISLAMABAD, Oct 13: The Central Board of Revenue has exempted the local supply of all goods meant for free distribution and procured out of the President’s Relief Fund for earthquake victims from the sales tax levy....		Oil prices fall after US stocks report LONDON, Oct 13: World oil prices slipped on Thursday after official US energy data revealed that crude inventories rose for the first time in seven weeks amid a fall in demand for refined products, analysts said....
Vegetable imports from Kabul on rise ISLAMABAD, Oct 13: Pakistan’s import of essential vegetable from Afghanistan recorded a massive growth during the August-October period of the current fiscal year. A senior official told Dawn on Thursday that...		Evian Group meeting today ISLAMABAD, Oct 13: Commerce Minister Humayun Akhtar Khan has left for The Hague, Netherlands, to attend the Evian Group 10th Plenary Meeting on Friday. An official announcement issued by the commerce...
US industry seeks law to label China manipulator: Currency issue WASHINGTON, Oct 13: A US coalition of industry, agriculture and worker groups urged Congress on Thursday to push ahead with legislation labelling China a currency manipulator as part of tough measures against Beijing for maintaining what it called an undervalued yuan....		Japanese firms asked to invest in Indonesia JAKARTA, Oct 13: The Japan External Trade Organization (Jetro) has invited representatives of 44 Japanese companies manufacturing components to explore business and investment opportunities in Indonesia following the Indonesian government’s request...
Karachi Port operations KARACHI, Oct 13: Cargo handling activity at the wharves on Thursday was maintained on the higher side as the total tonnage handled soared to 0.152m tons including 50,000 tons of liquid one....		Port Qasim KARACHI, Oct 13: Four ships carrying containers, edible oil and chemicals were berthed at QICT, MPT and EVT during the last 24 hours, said a PQA press release on Thursday....
HPCL, BP plan $3bn refinery NEW DELHI, Oct 13: Hindustan Petroleum Corporation Limited (HPCL) and British oil major BP Plc. said on Thursday they planned to build a $3 billion refinery in India....		Planes purchase NEW DELHI, Oct 13: The Indian government on Thursday gave the formal go-ahead to state carrier Air India to buy 68 aircraft from US aviation giant Boeing in a deal worth about $8 billion, officials said....
Dollar soars LONDON, Oct 13: The dollar soared against the euro and the yen here on Thursday, rising to a two-year high against the Japanese currency, on reports that the US trade deficit in August was not as large as expected....		French inflation PARIS, Oct 13: Annual inflation in France reached 2.2 per cent in September as increases in energy costs begin to trickle through into consumer prices, mirroring a similar trend in neighbouring...
US trade deficit widens in August WASHINGTON, Oct 13: The US trade deficit widened 1.8 per cent in August to its third-highest level on record as oil import prices hit a new high and imports of textiles...		ECB keeps on growling at inflation FRANKFURT, Oct 13: The European Central Bank kept up its sabre-rattling on interest rates on Thursday, saying it was on high alert to potential inflationary risks in the eurozone economy....
Asian stock markets close weaker HONG KONG, Oct 13: Asian stocks closed weaker on Thursday amid on-going fears surrounding inflation and another possible rise in US interest rates, but a late technical rebound took the markets of their lows, dealers said....		European shares slide LONDON, Oct 13: Britain’s FTSE 100 index scored its lowest close for 6 weeks on Thursday, led by oils and miners on concern the rising trend in commodity prices may stall and after a warning on oil output from BHP Billiton....
Investment deal KARACHI, Oct 13: Amaranth Advisors LLC, a US multi-strategy investment fund, will invest $25 million in WorldCall Group, says a press release. An agreement to this effect was signed between WorldCall Telecom Limited (WTL) and Amaranth Advisors on October 6....		Karachi market rates KARACHI, Oct 13: The following were Thursday’s commodity market rates in rupees....