November 9, 2005	Wednesday	Shawwal 6, 1426

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Sindh govt promulgates Colonization of Lands Ord KARACHI, Nov 8: The Sindh government on Tuesday promulgated the Colonization of Government Lands (Sindh amendment) Ordinance 2005, with an obvious objective to counter the clout of real estate speculators in the business and give impetus to construction activities....		Govt mulling to fine manufacturers: Checking cement prices ISLAMABAD, Nov 8: The government plans to shortly approve new measures including the imposition of heavy penalty for abusing the dominant position by the cement manufacturers to increase prices without any justification....
US, China sign agreement on textiles: Industry delighted WASHINGTON, Nov 8: The US government and textiles industry said on Tuesday a hard-fought agreement with China would inject much-needed stability into the two nations’ multi-billion-dollar trade in clothes and fabric....		Inconsistent EFS hurting industry KARACHI, Nov 8: Exporters were found to be apprehensive of the State Bank of Pakistan’s move to revise and increase the scope of Export Finance Scheme (EFS)....
Late profit-selling limits gains on stock market KARACHI, Nov 8: Stocks on Tuesday maintained upward drive on strong early support in most of the pivotals but finished reacted on late profit-selling triggered by Wednesday’s closure on account of ‘Iqbal Day’ holiday....		Companies trying to stave off ‘defaulters’ counter KARACHI, Nov 8: Dozens of companies have sent explanations to the Karachi Stock Exchange (KSE) this week and before, in an effort to save themselves from being relegated to the KSE’s ‘defaulters’ counter....
Talks for securing PTCL deal resume ISLAMABAD, Nov 8: A Pakistani team led by Minister for Privatization Dr Abdul Hafeez Sheikh has resumed in Dubai negotiations with Etisalat of UAE to complete the $2.6...		SBP raises Rs7bn, injects Rs11bn KARACHI, Nov 08: The State Bank on Tuesday simultaneously picked up liquidity through sale of treasury bills and then injected higher amount through reverse repo to cool down the heated money rates....
Cotton arrivals fall by 24.30pc MULTAN, Nov 8: A total of 4.737 million bales of cotton have reached the ginning factories till Nov 1, 2005 compared to last year’s 6.258 million bales, showing a production shortfall of 24.30...		Trading picks up on cotton market KARACHI, Nov 8: Physical business on the cotton market on Tuesday picked up as pent-up mill demand owing to Eid holidays figured prominently mostly on the Punjab variety....
Jordanians invited to invest in oil and gas ISLAMABAD, Nov 8: Petroleum and Natural Resources Minister Amanullah Khan Jadoon on Tuesday appreciated the government of Jordan for its help and assistance for earthquake victims and also lauded Shaheen Business and Investment Group’s $50,000 donation for relief and rehabilitation efforts....		Pressure builds on WTO to lower Hong Kong target GENEVA, Nov 8: Trading nations still deeply divided on key issues faced the prospect on Tuesday of a watered-down WTO ministerial conference next month in Hong Kong, where they are hoping...
World oil prices extend losses LONDON, Nov 8: World oil prices fell further on Tuesday, with mild weather set to persist across the northeast of the United States until early next week, reducing consumers’ need for heating fuel....		Share purchase accord signed ISLAMABAD, Nov 8: Siemens Pakistan on Tuesday signed an agreement with Privatization Commission (PC) for acquiring 53 per cent shares of Carrier Telephone Industries (CTI) held by Pakistan Telecommunication Company Limited (PTCL)....
Financing package NEW YORK, Nov 8: Deutsche Bank AG, Lehman Brothers Holdings Inc. and Merrill Lynch & Co. Inc. have begun marketing to banks a financing package of more than $13 billion to back the leveraged buyout of car rental company Hertz Corp.,...		Euro falls to two-year low against dollar LONDON, Nov 8: The euro fell to a two-year low against the dollar here on Tuesday, weighed down by prospects for future US interest rate hikes and concern over unrest in...
Local rice prices steady KARACHI, Nov 8: Pakistani rice prices remained steady over the past week, but dealers said on Tuesday that they would ease in the coming days on healthy supply....		Karachi Port operations KARACHI, Nov 8: Eleven vessels, including a car carrier carrying 600 vehicles, are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
German bourse FRANKFURT, Nov 8: German stock market operator Deutsche Boerse will easily surpass its earnings targets for 2005, finance chief Mathias Hlubek said on Tuesday. “With the third quarter of this year...		BD tea prices CHITTAGONG, Nov 8: The average price of Bangladesh teas slid 0.54 per cent to 79.86 taka ($1.21) per kg on lower overseas demand at an auction on Tuesday....
Asian stocks close mostly higher on Wall Street HONG KONG, Nov 8: Asian stocks closed mostly higher on Tuesday in response to a better performance by Wall Street and another easing in oil prices which has taken some of the sting out of inflation, dealers said....		Gold price eases in Europe LONDON, Nov 8: Gold eased in Europe on Tuesday as the dollar strengthened against major currencies but dealers said consumer and investor buying were expected to provide support....
Palm oil prices mostly unchanged SINGAPORE, Nov 8: Malaysia’s palm oil futures were mostly unchanged in late trade on Tuesday but a rebound in rival soyaoil and renewed buying interest in the physical sector had offered some support....		London sugar slides to 15-week low LONDON, Nov 8: London white sugar futures shed nearly 1.5 per cent on Tuesday as a buoyant dollar triggered fund selling that pushed the front month to its lowest in 15 weeks....