November 16, 2005	Wednesday	Shawwal 13, 1426

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Netherlands stresses on promotion of SMEs LAHORE, Nov 15: Promotion of small and medium enterprises (SMEs) is prerequisite for achieving sustained economic growth and both Pakistan and the Netherlands can join hands to further strengthen this sector...		No model for inflation targeting: SBP conference ends KARACHI, Nov 15: The question whether Pakistan should switch over to inflation targeting regime or it should be used to indicate the future impact of inflation on exchange rates remained unresolved...
July-Oct trade gap widens by 162.5pc ISLAMABAD, Nov 15: Pakistan’s trade deficit rose by 162.57 per cent to $3.372 billion during the first four months (July-Oct) of the fiscal year 2005-60, as against $1.284...		TCP rejects lower bids without solid reasons: Five urea importers get contracts MULTAN, Nov 15: The Trading Corporation of Pakistan (TCP) has accepted bids for the import of urea at higher rates despite having been offered much lower rates by some of the contending bidders....
Govt unable to check ban on wedding meal KARACHI, Nov 15: The city government has failed to check the ongoing violation of ban imposed on serving of meals at valima and wedding receptions. The ban was imposed on October 1, 2005 under Section 144....		Saudi group to invest more in Karachi KARACHI, Nov 15: Al-Jumaih Group of Saudi Arabia, the buyers of the Karachi Electric and Supply Corporation (KESC), has announced to make further investment in the city....
Oil prices mixed LONDON, Nov 15: Oil prices were mixed on Tuesday as traders focused on the supply situation on the eve of the US crude stocks report, while digesting cold weather forecasts across the northern hemisphere, dealers said....		UK company to set up plant in Karachi: Polyethylene ISLAMABAD, Nov 15: Trans Polymers Ltd, a UK-based company, has planned to establish a polyethylene plant at Karachi with an initial investment of $480m....
Cotton pricing KARACHI, Nov 15: The International Textile Manufacturers Federation (ITMF) has questioned the international pricing system of cotton as presently the commodity is cheaper than it was 20 years ago....		Withholding tax on services ISLAMABAD, Nov 15: The Central Board of Revenue (CBR) has authorized exporters to deduct withholding tax on export of services. The decision was notified through an income tax circular issued on Tuesday....
UBL profit KARACHI, Nov 15: United Bank Limited earned a pre-tax profit of Rs6.5 billion in the first nine months of 2005, recording an increase of 110 per cent....		Stocks maintain bullish trend despite bomb blast KARACHI, Nov 15: Despite reports of early morning car bomb blast in a major financial centre of the city and some casualties, investors were not inclined to take even a technical...
Pakistan appointing FA for gas pipeline projects KARACHI, Nov 15: Petroleum and Natural Resources Secretary Ahmad Waqar said on Tuesday that Pakistan was appointing a financial adviser to choose a viable option between Pakistan-Iran, Pakistan-Turkmenistan and Pakistan-Qatar gas pipeline projects....		Buyers remain active on cotton market KARACHI, Nov 15: Brisk trading was witnessed on the cotton market on Tuesday as mills and spinners again indulged in panic-buying amid fears of pressure on the future supplies because of reports of a short crop....
Karachi Port operations KARACHI, Nov 15: Six ships carrying steel, chemicals and containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was relatively...		Rice exports may pick up on arrivals KARACHI, Nov 15: Pakistan’s rice exports are likely to rise on increasing supplies from the new crop, and sellers expect higher overseas demand in December, dealers said on Tuesday....
Port Qasim KARACHI, Nov 15: Three ships carrying containers, chemicals and iron ore were berthed at QICT, EVT and IOCB during the last 24 hours, said a PQA press release on Tuesday....		Asian stock markets close lower HONG KONG, Nov 15: Asian stocks continued to consolidate at lower levels on Tuesday with interest subdued ahead of the release of key economic data due out of the United States later this week, dealers said....
Palm oil prices fall KUALA LUMPUR, Nov 15: Malaysia’s crude palm oil futures closed lower on Tuesday, weighed down by a drop in rival soyaoil prices and export data for the first half of November....		Commodity markets LAHORE, Nov 15: The following were Monday’s upcountry commodity market rates in rupees, Foodgrains (per 40 kg): Wheat 430 to 460; Jowar 300 to 500; Maize 460 to 500; Bajra 560 to 600; Barley 500 to 560.....