November 11, 2005	Friday	Shawwal 8, 1426

Please Visit our Sponsor (Ads open in separate window)

Great anxiety to sell PTCL at any cost KARACHI, Nov 11: Excuse the irony of it all, but as much as Pakistan’s Minister for Privatisation and Investment Mr (Hafeez) Sheikh is chasing the (UAE) Sheikhs to make them buy...		Export plan under way to consolidate past gains: Fiscal year 2005-06 KARACHI, Nov 10: After having achieved a significant diversification in terms of markets as well as products and getting a foothold in all the seven countries in 2004-05, export planners are...
Industry asked to raise funds for rebuilding: No impact seen on economy KARACHI, Nov 10: Commerce Minister Humayun Akhtar Khan on Thursday said that the October 8 earthquake may not have any negative impact on the economic growth of the country, but the...		Catering business declines by 50pc: Meal ban on weddings KARACHI, Nov 10: The ambiguity about the government’s stand on serving of meals at wedding receptions is posing a dilemma to many families: to feast guests with food or soft drinks....
Jordanian group interested in energy sector ISLAMABAD, Nov 10: Lauding Pakistan’s investment policies, Shaheen Business and Investment Group of Jordan on Thursday said it was keen to invest in infrastructure, tourism and energy sectors in Pakistan....		Current account deficit widens KARACHI, Nov 10: The current account deficit of the country widened to over $1.4 billion in the first quarter (July-September) of the current fiscal just close to $1.5bn...
Stocks gain 101 points on heavy buying in PTCL KARACHI, Nov 10: Stocks on Thursday remained in a bullish frame of mind on active short-covering in PTCL and other pivotals triggered by positive reports about the Etisalat-PTCL deal....		Prices stay firm on cotton market KARACHI, Nov 10: Trading on the cotton market resumed on a firm note on Thursday after the Wednesday’s closure on account of ‘Iqbal Day’ as ginners remained in an upbeat mood followed by reports of lower arrivals of crop....
Work on TAP gas pipeline starts next year ASHGABAT, Nov 10: The construction of a proposed gas pipeline from Turkmenistan to Pakistan across Afghanistan will start next year, despite continuing unrest in the region, an Afghan minister said on Thursday....		FE-25 Deposits limit KARACHI, Nov 10: The State Bank has excluded donor agencies and welfare organizations from the limit of the FE-25 Deposits in the form of foreign direct investment (FDI) and funds sent by them....
Oil prices slide LONDON, Nov 10: World oil prices dropped heavily on Thursday after a jump in US crude inventories signalled that demand for energy was cooling, analysts said....		WTO members urged to avoid stocktaking: Hong Kong talks GENEVA, Nov 10: World Trade Organization chief Pascal Lamy urged member states on Thursday to go beyond stocktaking when they gather in Hong Kong next month, even though they have agreed...
Euro fails to gain against dollar LONDON, Nov 10: The euro fell further against the dollar on Thursday as the market continued to focus on expectations of further increases of interest rates in the US and despite...		World cotton use to rise in 2005-06 WASHINGTON, Nov 10: World consumption of cotton is forecast to hit 114.4 million bales in 2005-06, boosting trade and reducing ending stocks, the US Agriculture Department said on Thursday....
Karachi Port operations KARACHI, Nov 10: Eight ships carrying general cargo, containers and to load rice are due to arrive at the outer anchorage on Friday, according to KPT sources....		Engg sector share in exports up ISLAMABAD, Nov 10: The share of engineering sector in total export of the country had risen to five per cent in the last financial year as compared to three per cent in the previous year....
India, US in pact to shore up trade ties NEW DELHI, Nov 10: India concluded a cooperation framework agreement with the US on Wednesday to step up economic ties, focusing on various areas including financial services....		TCP floats 6th tender for sugar sale KARACHI, Nov 10: The Trading Corporation of Pakistan has floated 6th tender for the local sale of 100,000 tons of sugar from its stocks to ease prices....
Asian stocks close mixed HONG KONG, Nov 10: Asian stocks closed mixed in cautious trade with investors only slightly buoyed by a better performance on Wall Street and hopes for an end of year rally, dealers said....		China trade surplus hits $80.37bn BEIJING, Nov 10: China’s soaring exports pushed the trade surplus to a record $80.37 billion in the first 10 months of the year, official statistics showed Thursday....
Platinum at 25-1/2-year peak in Europe LONDON, Nov 10: Platinum prices held around their highest in 25-1/2 years in Europe on Thursday amid investment fund interest, while gold built on the previous session’s gains, traders said....		Palm oil up BANGKOK, Nov 10: Malaysia’s crude palm oil futures rose in heavy volume on Thursday as players covered short positions, dealers said. The benchmark third-month January crude palm oil contract on Bursa Malaysia Derivatives settled up 8 ringgit at 1,435 ringgit ($380.6)...