October 19, 2005	Wednesday	Ramzan 14, 1426

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Centre may cut PSDP fund for provinces: Earthquake impact KARACHI, Oct 18: The provinces may lose a part of their federally-funded development programme in the current fiscal year as a first aftershock of the massive earthquake that destroyed Muzaffarabad and...		Duty-free blanket import ‘to hit industry’ KARACHI, Oct 18: At a time when thousands of people of the quake-hit areas are in dire need of blankets, local blanket makers are not happy with the government’s decision of...
Greenspan says oil costs to stifle growth TOKYO, Oct 18: US Federal Reserve chairman Alan Greenspan said on Tuesday that the world would have to learn to live with high oil prices and their negative impact on economic growth “for some time to come”....		Delay in payment of refund irks exporters KARACHI, Oct 18: Malfunctioning of the central electronic refund processing system “Stream” in Lahore is causing a delay in payment of sales tax refund worth millions of rupees....
Bush, Barroso discuss trade deadlock WASHINGTON, Oct 18: US President George W. Bush and European Commission president Jose Manuel Barroso met at the White House on Tuesday but gave no sign of breaking a transatlantic deadlock on trade....		EoIs for NPCC invited ISLAMABAD, Oct 18: The Privatization Commission has invited expressions of interest (EoIs) from qualified strategic investors with experience in handling large power projects on turnkey basis or consortia preferably in partnership...
SSGC signs consultancy pact with ABN-Amro: LNG import KARACHI, Oct 18: Sui Southern Gas Company (SSGC) on Tuesday signed a consultancy advisory agreement with a consortium led by ABN-Amro Bank for the implementation of its first integrated LNG project....		First quarter 2 Karachi regions collected more revenue KARACHI, Oct 18: The Corporate and Southern regions of Karachi recorded handsome growth of 16 and 14 per cent in revenue collection during the first quarter (July-September) of the current fiscal....
World oil prices drop LONDON, Oct 18: World oil prices sank on Tuesday as Hurricane Wilma’s path through the Atantic looked set to miss battered platforms and refineries on the US Gulf Coast, analysts said....		Tax officials’ conferences ISLAMABAD, Oct 18: Quarterly conferences of collectors of sales tax and federal excise, collectors of customs, commissioners of income tax (appeals), collectors (appeal) and regional commissioners of income tax, director generals...
Stocks undergo massive pruning after hitting 9,000-level KARACHI, Oct 18: Stocks on Tuesday received a massive battering under the lead of energy, bank and cement shares as bulls opted for a technical breather after having outwitted bears over the index level of 9,000....		Prices stay firm on cotton market KARACHI, Oct 18: Cotton prices on Tuesday rose by another Rs35 per maund as speculation about the size of the crop again dominated the trading amid an actively traded session....
US inflationary pressures building up WASHINGTON, Oct 18: US wholesale prices surged 1.9 per cent in September as energy prices skyrocketed, the government said on Tuesday, in a report heightening fears about inflation in the overall economy....		Input tax adjustment on bills allowed ISLAMABAD, Oct 18: The Central Board of Revenue has allowed an adjustment of input tax by payphone, cellular phone, calling card companies and WLL service providers during the month in which bills are paid....
Dealers resent chick price hike KARACHI, Oct 18: Poultry feed and chick dealers have urged the government to either check black mailing tactics of some owners of hatcheries for raising the price of one-day-old chick artificially or allow a duty-free import of the same....		ICCI seeks duty exemption ISLAMABAD, Oct 18: The Islamabad Chamber of Commerce and Industry (ICCI) has asked the Central Board of Revenue (CBR) to issue a notification allowing exemption from duty those contribution made through departments and organizations....
Iranian bank to open branch in Karachi KARACHI, Oct 18: Bank Milli Iran, the largest bank in Iran, will shortly open its branch in Karachi. The move is aimed at increasing trade with Muslim countries....		Gold eases in Europe LONDON, Oct 18: Gold eased in Europe on Tuesday ahead of a series of US economic data later in the day, with dealers keeping an eye on dollar and oil prices for new leads....
Karachi Port operations KARACHI, Oct 18: Six vessels carrying containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was fairly active where eight...		Port Qasim KARACHI, Oct 18: Two container ships were berthed at the QICT during the report period. Meanwhile, two more ships carrying chemicals and edible oil also arrived at the outer anchorage....
Asian stocks close mixed HONG KONG, Oct 18: Asian stocks closed mixed on Tuesday with a positive overnight lead from Wall Street having only a limited impact as investors remained cautious over the global economic outlook....		Palm oil prices lower KUALA LUMPUR, Oct 18: Malaysian crude palm oil futures fell at Tuesday’s close, surrendering gains from the morning, on the heels of a decline in rival Chicago soyaoil....