October 26, 2005	Wednesday	Ramzan 21, 1426

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Tremors’ impact on prices ruled out: Realtors keep sidelines KARACHI, Oct 25: The recent tremors in the city may not have jolted the real estate market but certainly have depressed the level of activity in the sector....		Trade bodies need to induct professionals KARACHI, Oct 25: A selected group of business leaders is exploring possibilities of opening the membership of the chambers and trade associations to the professionals - chartered and cost accountants, bankers, architects etc.,...
India to import onions from China, Pakistan NEW DELHI, Oct 25: India will import onions, a key ingredient in its food, from China and Pakistan to tide over a domestic shortage caused by a poor crop yield due to heavy rains and floods, officials said on Tuesday....		Dollar sags on drop in US consumer confidence LONDON, Oct 25: The dollar fell sharply across the board on Tuesday after US data showed an unexpected decline in consumer confidence, while the euro strengthened on the back of solid German confidence and inflation figures....
Profit-selling sets in on stock market KARACHI, Oct 25: Stocks on Tuesday failed to extend the previous run-up as leading shares again ran into profit-selling at the higher levels and finished reacted amid active trading....		Six firms announce results KARACHI, Oct 25: As the mandatory one month from the end of quarter ended September 30 almost draws to close, financial results of companies start pouring in....
PIA’s revenue up by 10pc in first quarter KARACHI, Oct 25: The PIA’s Board of Directors meeting was held on Tuesday under the chairmanship of Tariq Kirmani to review the recent performance and future plans of the national flag carrier....		SECP allows restating of comparative figures ISLAMABAD, Oct 25: The Securities and Exchange Commission of Pakistan (SECP) has allowed listed textile companies to restate comparative figures for the period July to September 2004 in the accounts for the quarter ended September 30, 2005....
Zero ST on power supply clarified ISLAMABAD, Oct 25: The Central Board of Revenue has clarified zero rate of sales tax on supply of electricity to major export-oriented industries. The anomalies were removed through eight notifications released here on Tuesday....		Oil rebounds in New York LONDON, Oct 25: World oil prices rallied strongly on Tuesday owing to technical buying, traders and analysts said. New York’s main contract, light sweet crude for delivery in December, soared 98 cents to $61.30...
IT returns filing date extension sought ISLAMABAD, Oct 25: The Islamabad Chamber of Commerce and Industry (ICCI) has appealed to Prime Minister Shaukat Aziz to issue direction for an extension of date for filing of income tax returns up to December 31....		Conference on e-governance KARACHI, Oct 25: A World Bank delegation besides experts from the US, Canada, Europe, India, Sri Lanka and Bangladesh will participate in the third international conference on e-governance scheduled for December 9-11, being hosted by the Lahore University of Management Sciences....
Buyers remain busy on cotton market KARACHI, Oct 25: Cotton market on Tuesday consolidated overnight gains as mill demand remained active throughout the session as price ideas of buyers and selling found a meeting ground....		Dubai to launch gold futures exchange DUBAI, Oct 25: Dubai said on Tuesday it would launch a gold futures exchange on Nov 22, with South Africa’s Standard Bank among 50 founding members....
European stocks LONDON, Oct 25: European stock markets closed lower on Tuesday following a weak opening on Wall Street as disappointing results from some of the biggest companies in Britain and France also dampened sentiment, dealers said....		Gold up in Europe LONDON, Oct 25: Europe gold edged higher on Tuesday, lifted by a weak dollar against the euro, with players looking for a clearer direction to the market, dealers said....
Asian stocks close higher HONG KONG, Oct 25: Asian stocks closed off their highs on Tuesday after the initial cheers that accompanied a new US Federal Reserve chairman faded and the realities of inflationary pressures returned to haunt investors....		Karachi Port operations KARACHI, Oct 25: Five ships carrying steel bars, containers and trucks are due to arrive at the outer anchorage on Wednesday, according to KPT sources....