October 18, 2005	Tuesday	Ramzan 13, 1426

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ILO puts Pakistan’s job losses at 1.1m: Quake-hit areas BRUSSELS, Oct 17: More than 1.1 million jobs may have been lost as a result of the South Asian earthquake that devastated parts of Pakistan, the International Labour Office (ILO) said...		Pakistanis sent $1 billion in July-September KARACHI, Oct 17: Overseas Pakistanis remitted over one billion dollars in the first quarter of the fiscal year 2005-06, strengthening the government’s hope of receiving over $4 billion by the end of the year....
Future projects intact, new bookings decline: No impact on cement sales KARACHI, Oct 17: While construction activities in various projects have come to a halt owing to an exodus of workers belonging to the earthquake-hit areas, builders say that the upcoming mega high-rise projects have not been shelved yet....		KSE market capitalization rises by 37pc KARACHI, Oct 17: The Karachi Stock Exchange released its report for the year 2005 on Monday, showing number of listed companies almost static at 662, but market capitalization soaring to Rs2,361...
Meeting on Safta today ISLAMABAD, Oct 17: The 11th meeting of the Committee of Experts on South Asian Free Trade Area (Safta) will meet on Tuesday in Kathmandu to develop consensus on the remaining issues of the agreement....		Cement companies speed up expansion KARACHI, Oct 17: Cement producers have speeded up the process of bringing additional capacity on line, so as to meet the upcoming huge demand. The earliest to come on stream would...
KSE index up 37 points on speculative buying KARACHI, Oct 17: The KSE 100-share index on Monday briefly crossed the barrier of 9,000 points followed by active speculative buying on selected counters aided by an increase in the equity...		Cotton market rules firm KARACHI, Oct 17: The cotton market on Monday maintained a firm outlook as official spot rates were firmly held unchanged at the weekend levels amid active trading....
Pakistan Steel cuts prices KARACHI, Oct 17: Pakistan Steel has further slashed the prices of its products with immediate effect to facilitate reconstruction in the earthquake hit areas and discourage dumping of sub-standard imported steel products in the country....		Businessmen asked to help govt in fund raising: Reconstruction LAHORE Oct 17: Federal Commerce Minister Humayun Akhtar Khan has said that business community can play a vital role in raising huge funds required for the rehabilitation of the quake-hit areas....
SECP takes action against 108 companies ISLAMABAD, Oct 17: The Registrars of Companies of the Securities and Exchange Commission of Pakistan (SECP) adjudicated 108 companies during September 2005 for violations of different legal provisions, said a statement....		IMF asks Pakistan to check inflation ISLAMABAD, Oct 17: The International Monetary Fund (IMF) has advised Pakistan to control the rising inflation through good monetary policies. The advice came from the visiting six-member IMF delegation led by...
Diploma in world trade ISLAMABAD, Oct 17: The International Islamic University, Faculty of Management Sciences, has signed a partnership agreement with Trade Initiatives from Human Development Perspective (TIHP), a joint project of Ministry of Commerce...		Phone sets exported to Norway LAHORE, Oct 17: The Pakistan Communication Industries, a subsidiary of the Telecom Foundation, on Monday exported another consignment of multi-featured modern digital telephone sets of international standards to Norway....
Karachi Port operations KARACHI, Oct 17: Nine ships carrying coal, tallow and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at the wharves was maintained...		Oil prices surge $1 on new storm threat LONDON, Oct 17: World oil prices shot up on Monday as tropical storm Wilma brewed in the Atlantic, raising new concern over hurricane-battered production in the US Gulf of Mexico, analysts said....
Asian stocks mostly lower HONG KONG, Oct 17: Asian stocks closed mostly lower on Monday, failing to follow Wall Street’s stronger lead, with local factors dominating trade in uninspired markets, dealers said....		Malaysian palm oil ends easy KUALA LUMPUR, Oct 17: Malaysian crude palm oil futures ended a little softer on Monday after export estimates for October 1-15 failed to follow through with the strong trend seen in the first 10 days of the month....
Gold higher LONDON, Oct 17: Gold drifted higher in Europe on Monday, searching for a clearer direction after last week’s sell off but attracting some buyers as the dollar slipped and oil prices gained, traders said....		HBL branch KARACHI, Oct 17: Habib Bank Ltd (HBL) on Monday announced that its branch in Bagh, Azad Kashmir, had resumed regular operations on a daily basis. The bank further said that the 192 HBL branches would now remain open till 3:00 p.m....