November 17, 2005	Thursday	Shawwal 14, 1426

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New KESC buyers registered in Cayman KARACHI, Nov 16: The company that will own and run the privatized Karachi Electric and Supply Corporation (KESC) is registered in the tax-free haven of Cayman Islands in the Caribbean....		Chinese, Korean blankets flood markets KARACHI, Nov 16: Korean and Chinese blankets have almost captured the local market because of price and quality with which old time local quilt makers or even the industry could not compete....
Falling euro hurting exports to EU states KARACHI, Nov 16: Exports to European Union (EU), the biggest trading partner of Pakistan, are becoming costlier and uncompetitive owing to a host of factors including the falling value of euro....		Switzerland investors keen on Balochistan QUETTA, Nov 16: The Ambassador of Switzerland to Pakistan, Dennis Filed Mayor, has said that Swiss businessmen are keen to invest in various sectors of Pakistan and particularly in Balochistan....
Late selling limits gains on stock market KARACHI, Nov 16: Stocks on Wednesday took a technical breather as leading investors adjusted their portfolios after playing on both sides of the fence amid alternate bouts of buying and selling....		Prices ease on cotton market KARACHI, Nov 16: Cotton prices on Wednesday eased from the recent highs on ginners’ selling followed by reports of more than average arrivals of phutti into ginneries....
July-Oct inflation rises by 8.55pc ISLAMABAD, Nov 16: Inflation rose by 8.55 per cent year-on-year during July-October of the fiscal year 2005-06 mainly because of increases in house rents and prices of transport and communication items....		Oil prices move up on drop in US stocks LONDON, Nov 16: Oil prices jumped on Wednesday following news of a surprise drop in crude and gasoline inventories in the United States, while distillates used for heating oil rose strongly to reflect warmer weather....
Urea import clarified ISLAMABAD, Nov 16: Responding to a report in the Nov 16 issue of Dawn about urea purchase contracts finalized by the Trading Corporation of Pakistan, a TCP spokesman has said that...		Smeda, Dutch chamber to boost cooperation LAHORE, Nov 16: The Endhoven Chamber of Commerce and Industry has pledged to evolve a persistent mechanism of collaboration with the Small and Medium Enterprise Development Authority (Smeda) to enhance business interaction of the Dutch SMEs with their counterparts in Pakistan....
Liquidity goes out of market KARACHI, Nov 16: The State Bank on Wednesday picked up Rs4.5 billion from the banking system through the Open Market Operation, curtailing chances for the money market to remain easy....		SCCI urges start of Safta next year ISLAMABAD, Nov 16: The Saarc Chamber of Commerce and Industry (SCCI) has called for the timely implementation of the South Asia Free Trade Area (Safta) early next year....
Palm oil closes down KUALA LUMPUR, Nov 16: Malaysian crude palm oil futures ended down for a third straight day on Wednesday as prices of rival US soyaoil, which often guide the local market, remained weak....		Bosan calls for changes in Sugar Factory Act ISLAMABAD, Nov 16: Minister for Food, Agriculture and Livestock Sikandar Hayat Bosan has urged the need of revision in Sugar Factory Control Act, 1950 to make it comfortable for growers and sugar industry....
S. Lanka tea prices lower COLOMBO, Nov 16: Sri Lankan tea prices were mostly weaker at auction this week, brokers said on Wednesday, as many buyers kept away expecting a lull in processing and packing as...		Karachi Port operations KARACHI, Nov 16: Ten ships carrying containers, steel, iron scrap and to load ethanol are expected to arrive at the outer anchorage on Thursday, according to KPT sources....