November 3, 2005	Thursday	Ramzan 29, 1426

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Empty ATMs deprive users of Eid shopping KARACHI, Nov 2: Thousands of depositors were deprived of utilizing their money by the banks as most of the Automated Teller Machines (ATMs) remained out of cash at least for one week before Eid....		Manufacturers fail to produce 3,000 tents KARACHI, Nov 2: Tent makers have failed to provide 3,000 fully fabricated tents by the November 2 deadline to the Sindh government for their onward shipment to earthquake victims....
Salary raise deepens NWFP fiscal crunch PESHAWAR, Nov 2: Increase in expenditure under the pay and pension heads has resulted into a persistent financial crisis for the NWFP government as it has consistently been relying on the...		Lamy urges flexible stand in WTO talks GENEVA, Nov 2: World Trade Organization chief Pascal Lamy urged member nations on Wednesday to be flexible in troubled talks on extending free trade, warning that failure to reach an agreement...
SBP raises credit limits for crops             KARACHI, Nov 2: The State Bank has increased the credit limits for major and minor crops to meet the genuine credit needs of the agriculture sector....		Condition of foreign association goes: Mutual funds ISLAMABAD, Nov 2: The Securities and Exchange Commission of Pakistan has announced that foreign collaboration will no longer be a condition for the management of open-end mutual funds....
Index up 189 points on positive development on PTCL KARACHI, Nov 2: Stocks on Wednesday staged a snap recovery on active short-covering aided by reports that the PTCL deal is back on rails after early week’s meeting in Dubai on the unresolved issues between the Pakistani team and Etisalat management....		Holiday mood on cotton market KARACHI, Nov 2: Physical business on the cotton market on Wednesday shrank to modest proportions as both buyers and sellers kept to the sidelines because of delivery problems ahead of Eid holidays....
BCCI lawsuit against BoE collapses LONDON, Nov 2: A lawsuit launched against the Bank of England more than 12 years ago, charging that central bank officials turned a blind eye to activities which eventually led to...		A/C opening without CNIC in quake-hit areas KARACHI, Nov 2: The State Bank has allowed all banks to open accounts of earthquake affected people without computerized national identity card (CNIC) to get relief being provided by the government, but adds that this will be the one time exemption....
Dollar falters against euro LONDON, Nov 2: The dollar faltered against the euro in late trade here on Wednesday as dealers pondered the possibility that the European Central Bank (ECB) might signal its intention to raise eurozone interest rates....		PSO buys 4 fuel oil cargoes SINGAPORE, Nov 2: Pakistan State Oil (PSO) has bought four fuel oil cargoes totalling 220,000 tons for November and December delivery, one less than it had tendered to buy, industry sources said on Wednesday....
Oil prices fall LONDON, Nov 2: World oil prices eased on Wednesday, after a brief blip above $60 per barrel in New York, as US crude stockpiles data for last week broadly tallied with market expectations....		Investment opportunities KARACHI, Nov 2: Accounting firms have great opportunities in main land China, stated a press release issued on Wednesday by the Institute of Chartered Accountants of Pakistan (ICAP)....
Karachi Port operations KARACHI, Nov 2: Four ships carrying general cargo, containers and crude oil are expected to arrive at the outer anchorage on Thursday, according to KPT sources....		China’s banking needs reform BEIJING, Nov 2: China’s banking sector is improving but still faces a long road ahead in terms of reform, central bank governor Zhou Xiaochuan said on Wednesday....
Asian stocks close higher HONG KONG, Nov 2: Asian stocks closed mostly higher on Wednesday with gains limited by a weaker Wall Street and the 12th consecutive interest rate rise by the US Federal Reserve, dealers said....		Gold prices up in Europe LONDON, Nov 2: Gold prices recovered slightly in European trade on Wednesday from heavy losses the previous day, with dealers keeping a close eye on the dollar for some direction....
Palm oil lower BANGKOK, Nov 2: Malaysia’s palm oil futures ended lower on Wednesday on profit taking ahead of long holidays, dealers said. The benchmark third-month contract, January, ended down 5 ringgit at 1,440 ringgit a ton ($381.96)...		Azerbaijan’s oil exports BAKU, Nov 2: Azerbaijan’s oil exports are predicted to jump 61 per cent to 22.3 million tons in 2006, British oil giant BP’s Baku office said on Wednesday....