October 22, 2005	Saturday	Ramzan 17, 1426

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Share of services sector up to 50.2pc: WB report on Punjab KARACHI, Oct 21: The World Bank has observed a shifting of financial activities from traditional base Karachi to Lahore and other urban areas of Punjab during the last decade, pushing up the share of overall services sector to 50.2...		Govt to review POL prices on 31st ISLAMABAD, Oct 21: Oil prices will remain unchanged during the next fortnight due to the declining trends in the international market, but the issue will be thoroughly reviewed by the government on October 31....
Global free trade talks at risk Global free trade talks at risk GENEVA, Oct 21: WTO talks threatened to unravel on Friday as rich nations and developing countries warned they could block consensus at a key ministerial meeting in December and thereby scuttle hopes yet again for a global trade deal....		Efforts on to avail GSP plus facility: Humayun FAISALABAD, Oct 21: Commerce Minister Humayun Akhtar Khan has said that efforts are afoot to enable Pakistani exporters to avail the GSP plus (Generalized System of Preference) facility in the European Union market....
Turkish, Korean models to be studied: Tax-to-GDP ratio ISLAMABAD, Oct 21: The Central Board of Revenue (CBR) has decided to study the tax models of Turkey and Korea for achieving quantum jump in tax-to-GDP ratio....		Farm tools industry being modernized SIALKOT, Oct 21: A strategy is being finalized for tracking the agricultural tools manufacturing industry in Punjab on modern lines. Official sources told APP here on Friday that under the programme,...
Stocks fall like ninepins as support turns shy KARACHI, Oct 21: The KSE 100-share index on Friday plunged by another 268.19 points or 3.13 per cent paving the way for three consecutive lower barriers for the second session in...		Listless trading on cotton market KARACHI, Oct 21: A short Friday session on the cotton market did not witness any major change in the prevailing prices as spot rates were firmly held at the overnight levels....
ST refunds to be cleared by Nov 15 KARACHI, Oct 21: The Central Board of Revenue has directed its Sales Tax Collectorate to clear all pending claims for sales tax refunds by November 15....		Dollar gains against euro LONDON, Oct 21: The dollar was higher on Friday against the euro but its momentum was checked as traders priced in prospects for higher interest rates in the United States....
Oil prices fall below $60 LONDON, Oct 21: World oil prices dropped on Friday, reaching three-month low points in New York on easing supply concerns, analysts said. New York’s main contract, light sweet crude for delivery in December, fell 27 cents to $59.75...		US Gulf exports fall by 15.2pc WASHINGTON, Oct 21: Hurricanes Katrina and Rita took a big bite out of US Gulf Coast exports in September, a US Census Bureau report showed on Friday....
British economy dampens during third quarter LONDON, Oct 21: Growth of the British economy slowed during the third quarter, official data showed on Friday raising pressure on finance minister Gordon Brown to lower his optimistic fiscal targets, analysts said....		Karachi Port operations KARACHI, Oct 21: Five vessels carrying DAP fertilizer, crude oil and containers are due to arrive at the outer anchorage on Saturday, according to KPT sources....
Asian stocks mixed HONG KONG, Oct 21: Asian stocks closed mixed to firmer on Friday in volatile trade, with some markets pulled down by heavy losses on Wall Street where inflation and likely higher interest rates remained the focus, dealers said....		Gold higher in Europe LONDON, Oct 21: Gold edged up in Europe on Friday due to weakness in the US currency and good physical demand, but softer crude oil prices could prompt some players to exit the market, dealers said....
European stocks end down LONDON, Oct 21: European shares closed lower on Friday, racking up their third straight weekly decline as falling metal and oil prices hit miners and energy stocks but farm chemicals maker Syngenta rose after posting higher sales....		Palm oil lower KUALA LUMPUR, Oct 21: Malaysian crude palm oil futures fell 1 per cent on Friday, extending their losses, as weak prices of US soyaoil hit a market weighed down a day earlier by disappointing export numbers....
NBP branches KARACHI, Oct 21: The National Bank of Pakistan (NBP) has reopened some of its branches in the earthquake stricken areas. According to a press release the damages caused to these branches...		Ratings KARACHI, Oct 21: The JCR-VIS Credit Rating Company (JCR-VIS) has re-affirmed Crescent Steel and Allied Products Limited’s (CSAPL) medium- to long-term entity rating of A+ (single A plus) and short term entity rating of A-I (single A one)....