October 15, 2005	Saturday	Raman 10, 1426

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Banks’ exposure limit raised to 30pc: Share business KARACHI, Oct 14: The State Bank on Friday raised the limit of banks’ exposure to the equity market up to 30 per cent and asked them to invest 10 per cent in future market....		Banks to open branches in India, Pakistan KARACHI, Oct 14: Two Pakistani commercial banks — Bank Alfalah and National Bank of Pakistan — are setting up their branches in India, while two Indian banks — State Bank of...
Pakistan, India, China gainers in post-MFA: Textile, clothing exports ISLAMABAD, Oct 14: China and India appear to be the biggest gainers following the end of the multi-fibre agreement (MFA), with China seeing an 18.4 per cent increase in textile and...		Foreigners in MNCs still working KARAHCI, Oct 14: While light tremors have jolted some posh areas of the city, the expatriate community does not appear perturbed as there was no report of any exodus of foreigners in the past one week....
Pakistan’s role in trade talks lauded ISLAMABAD, Oct 14: Pascal Lamy, director general of the World Trade Organization, appreciated Pakistan’s constructive role in moving the stalled negotiations process forward....		Exporters to challenge EU duty on bedlinen ISLAMABAD, Oct 14: All the eight exporters have decided to challenge the European Union’s anti-dumping duty on bedlinen in the Luxembourg Court....
Index gains 102 points as buying euphoria continues KARACHI, Oct 14: Stocks on Friday shrugged off the overnight hesitancy and resumed trading on an optimistic note as bulls were back in the market and made extensive short-covering at the overnight lower levels on selected counters....		Prices rise on cotton market KARACHI, Oct 14: Cotton market on Friday recovered from the overnight lower levels as ginners raised their asking prices after growers increased prices by Rs50 per maund....
Oil falls on signs of weakening US demand LONDON, Oct 14: World oil prices fell heavily on Friday as a report on crude stockpiles in the United States suggested weakening demand in the world’s biggest energy consumer, analysts said....		Dollar wilts on inflation data LONDON, Oct 14: The dollar wilted here against the euro on Friday as reports of tame US core inflation and disappointing consumer confidence data suggested that the US Federal Reserve might...
G20 meeting to raise WTO trade issues BEIJING, Oct 14: The G20 meeting near Beijing this weekend will see the UK and US continue to push for a breakthrough in agriculture ahead of the World Trade Organization’s (WTO)...		No duty on tent, blankets import ISLAMABAD, Oct 14: The Central Board of Revenue (CBR) has exempted import of tents, blankets and tarpaulins for the earthquake victims from customs duty, sales tax and withholding tax....
EU trade chief defends WTO stance BRUSSELS, Oct 14: EU trade chief Peter Mandelson insisted Friday he is working within his mandate in crunch World Trade Organization negotiations, voicing support for an emergency EU meeting next week on the standoff....		European stocks rise LONDON, Oct 14: European stock exchanges bolted ahead on Friday, spurred on by a tame report on US core inflation and in spite of a decline in US industrial production....
Karachi Port operations KARACHI, Oct 14: Six ships carrying soyabean meal, DAP fertilizer and to load molasses and naphtha are due to arrive at the outer anchorage on Saturday, according to KPT sources....		Union Bank profit up by 109pc KARACHI, Oct 14: Union Bank Limited has announced that its profit before tax during the nine months period ending Septr 30, 2005 stood at Rs2,007 million, an increase of 99 per cent over the same period last year....
Asian stocks lower HONG KONG, Oct 14: Asian stocks continued to trade lower on Friday with anxious investors fretting over US inflation figures and the prospect of another round of interest rate hikes, dealers said....		Gold pauses in Europe ahead of US price data LONDON, Oct 14: Gold drifted in a narrow range in Europe on Friday ahead of the release of key U.S. price data that could set direction for the metal, which surged to its highest in nearly 18-year this week....
Malaysian palm oil futures flat BANGKOK, Oct 14: Malaysia’s palm oil futures ended mostly flat on Friday as players limited their exposure ahead of export data due next week, dealers said....		Commodity markets LAHORE, Oct 14: The following were Friday’s upcountry commodity market rates in rupees. Foodgrains (per 40 kg): Wheat 430; Jowar 400 to 500; Maize 250 to 400; Bajra 600; Barley 500....