October 20, 2005	Thursday	Ramzan 15, 1426

Please Visit our Sponsor (Ads open in separate window)

July-Sept inflation rose by 8.64pc ISLAMABAD, Oct 19: Inflation rose by 8.64 per cent year-on-year during July-September of the fiscal year 2005-06 chiefly owing to soaring oil prices that have an all-encompassing impact on prices....		Trade gap widens to $2.4 billion ISLAMABAD, Oct 19: The country’s trade deficit rose by 188 per cent to $2.4 billion during the first quarter (July-September) of the current fiscal year compared to $826 million the same period last year....
Companies reluctant to seek listings KARACHI, Oct 19: Eleven out of 16 new companies that offered shares to the public for subscription during the year 2005 (up to Sept 30) were over-subscribed, yet the pace of new offerings at the stock exchanges is, all but slow....		Forex inflow through ‘hundi’ goes unchecked: Earthquake victims KARACHI, Oct 19: Inflow of foreign exchange coming through illegal channels –- hundi or hawala — for the support of earthquake victims is not being checked, said an official source at the State Bank....
Oil prices plunge after positive US stock data LONDON, Oct 19: World oil prices sank on Wednesday on news of a surprise jump in US gasoline and crude reserves last week, while Hurricane Wilma looked set to avoid storm-weary Gulf Coast installations, dealers said....		Lint sale to foreign buyers opposed KARACHI, Oct 19: Textile mills have criticized the Trading Corporation of Pakistan for offering 50,000 bales of raw cotton to foreign buyers at a time when there was a dire need...
HBFC plans mortgage bonds KARACHI, Oct 19: The Housing Building Finance Corporation (HBFC) will issue listed mortgage bonds in the form of mortgage backed term finance certificates through securitization of its receivables....		Uplift work at KEPZ in full swing KARACHI, Oct 19: The development work on additional 100 acres at the Karachi Export Processing Zone (KEPZ) will be completed by the end of February 2006....
Stocks recover 204 points on fresh short-covering KARACHI, Oct 19: Stocks were back on the track on Wednesday as pivotals came in for active short-covering at the overnight lows and pushed the index higher by 203.57...		Lint prices ease on uncertain crop size KARACHI, Oct 19: Cotton prices on Wednesday eased from the overnight highs as ginners could not precisely decide how to operate in an uncertain crop outlook....
PSO issues tender to buy fuel oil SINGAPORE, Oct 19: Pakistan State Oil (PSO) has issued a tender to buy 275,000 tons of high-sulphur fuel oil for November and December delivery, industry sources said on Wednesday....		Dollar off gains on EU industry report LONDON, Oct 19: The dollar soared against the euro and the yen here on Wednesday but profit-taking and a stronger than expected report on industrial performance in the eurozone wiped out much of the gain....
Karachi Port operations KARACHI, Oct 19: Seven vessels carrying containers and steel billets and to load rice are due to arrive at the outer anchorage on Thursday, according to KPT sources....		Port Qasim KARACHI, Oct 19: Three vessels carrying edible oil, sugar and wheat were berthed at MPT and EVT during the last 24 hours, said a PQA press release on Wednesday....
Rebuilding strategy for quake-hit areas urged KARACHI, Oct 19: The Small and Medium Enterprises Development Authority (Smeda) should evolve a reconstruction strategy with the involvement of small and medium enterprises to achieve the objectives of proper rehabilitation of the earthquake victims....		Kenya’s tea auction NAIROBI, Oct 19: Kenya’s tea prices were mixed at this week’s auction, with some grades gaining because of improved quality, dealers said on Wednesday....
Fuel bill NEW YORK, Oct 19: American Airlines expects to pay $2.17 per gallon of jet fuel in 2006, which would mean a $1.1bn increase in its fuel bill next year compared with...		BD apparel firm opens outlet KARACHI, Oct 19: A Bangladeshi firm Beximco, makers of bone china ceramics and has a vertically integrated fashion apparel facility in Dhaka, opened its first outlet here on Tuesday....
Asian stocks tumble HONG KONG, Oct 19: Asian stocks tumbled on Wednesday amid heightening expectations the US Federal Reserve will hike interest rates following a leap in US wholesale inflation figures, dealers said....		Palm oil lower KUALA LUMPUR, Oct 19: Malaysian crude palm oil futures fell more than half per cent at Wednesday’s close, weighed down by thin leads and mixed prices of Chicago soyaoil....