October 30, 2005	Sunday	Ramzan 25, 1426

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Fiscal deficit revised up to 4pc: SBP sees quake impact KARACHI, Oct 29: The State Bank in its annual report has warned that the recent earthquake could widen the fiscal deficit up to 4 per cent of the Gross Domestic Product...		Provinces asked to improve revenue mobilization KARACHI, Oct 29: While pointing out the constitutional authority of the provinces in respect of agricultural income tax and the sales tax on services that constitute 75 per cent of the...
Gloom mars Eid shopping in Punjab LAHORE, Oct 29: Eid shopping is beginning to gain momentum in the Punjab capital although gloom, which took over people after the Oct 8 earthquake that killed thousands and maimed and...		Shopkeepers awaiting buyers in Quetta QUETTA, Oct 29: With only five days left to Eidul Fitr, no humming business is witnessed in the city and shopkeepers dealing in readymade garments, shoes, hosiery and the like are seen sitting idle, waiting for customers in shopping centres....
Shopping gaining momentum in Karachi KARACHI, Oct 29: The shopping for Eid is gaining momentum after the first 20 days of Ramazan. People had been showing little interest in shopping for Eid following the deadly earthquake....		Exim Bank to facilitate imports from US ISLAMABAD, Oct 29: The US Exim Bank is exploring the possibilities of supporting export of US made locomotives, agricultural equipment and aircraft to Pakistan, said James Lambright, chairman and president (acting)...
Soft demand drags oil prices down RIYADH, Oct 29: Crude prices are getting back to some senses. To some the sustained rally in the crude markets has finally begun impacting the consumption pattern in the industrialized countries....		Pakistan eyes Chinese rice market BEIJING, Oct 29: Pakistan has rich potential to grab a reasonable share in the Chinese market for export of its quality rice, said a member of Pakistani delegation attending an international business conference here....
CFS rates up sharply to 16.7pc KARACHI, Oct 29: The weighted average rate under Continuous Funding System (CFS) on the Karachi Stock Exchange last week showed a sharp rise of 3.2 per cent at 16.7...		Lint prices fall on active selling KARACHI, Oct 29: Cotton market on Saturday remained under pressure on renewed larger selling by the ginners as official spot rates were further lowered by Rs15 per maund....
18 public offerings listed in 2004-05 KARACHI, Oct 29: The FY05 witnessed 18 new public offerings at the KSE, increasing its paid-up capital by Rs32.3 billion, and adding substantially to the market capitalization, stated the SBP Annual Report 2004-05....		Rs15.5bn new debt instruments listed KARACHI, Oct 29: The capital market in FY05 also witnessed a significant rise in the listings of new debt instruments, especially by banks...
WTO orders EU to limit sugar exports BRUSSELS, Oct 29: The World Trade Organization ordered the European Union on Friday to limit its sugar exports by May 22, at the latest to comply with an earlier ruling on...		‘Opec shipments to hit record in November’ LONDON, Oct 29: Opec oil to be shipped in the four weeks to November 12 leapt 670,000 barrels per day (bpd) and is on course to hit a record next month...
World oil prices rebound, platinum hits 25-year high LONDON, Oct 29: World oil prices rallied as energy demand was seen to be rising in the United States and China — the two biggest consumers of fuel....		China reiterates to reform oil, gas pricing BEIJING, Oct 29: China reiterated on Friday it will reform its pricing system for refined oil and natural gas to make it better reflect international prices, the official Xinhua new agency reported....
Karachi Port operations KARACHI, Oct 29: Three ships carrying DAP fertilizer and to load rice are expected to arrive at the outer anchorage on Sunday, according to KPT sources....		Port Qasim KARACHI, Oct 29: Three ships carrying containers and edible oil were berthed at QICT and MPT during the last 24 hours, said a PQA press release on Saturday....
EDF shareholders PARIS, Oct 29: The chairman of EDF said on Saturday he hoped at least four million individuals would buy shares in the French state power giant, after the government announced its partial privatisation this week....		Italy’s GDP seen growing 1pc in 2006 ROME, Oct 29: Italian central bank governor Antonio Fazio forecast that economic growth in Italy would pass 1.0 per cent in 2006, as Italy “overcomes” a difficult turn in its economy, according to a statement released on Saturday....
Dollar gains on US growth NEW YORK, Oct 29: The dollar pushed higher on Friday, buoyed by news that the US economy beat expectations and expanded at an annual rate of 3.8...		WTO lifting Saudi stocks RIYADH, Oct 29: Saudi Arabia’s green light to join the World Trade Organization (WTO) is likely to boost shares at the start of the week but trading will slow ahead of the Eid holiday, traders said on Saturday....