November 20, 2005	Sunday	Shawwal 17, 1426

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Production of sugar seen at 3m tons KARACHI, Nov 19: The country expects to produce around three million tons of white refined sugar during the current season (2005-06) and after adding carryover stocks of around 0.7...		Firm further lowers bid to $200 per ton: Import of urea MULTAN, Nov 19: The firm, which had tendered the lowest bid to the Trading Corporation of Pakistan for the import of urea, has further cut its offer to $200 per ton...
US, EU oppose Pakistan’s proposal: Cut in tariff on industrial goods ISLAMABAD, Nov 19: The United States and the European Union are opposing Pakistan’s proposal of seeking more cushion for developing countries in the reduction of customs duties on industrial goods to be considered at the upcoming Hong Kong ministerial conference....		Used clothes, other items’ sale on rise KARACHI, Nov 19: Despite positive economic indicators, a large segment of society, surviving below the poverty line, relies on second-hand clothes and other items. Rising import figures reconfirm this trend....
Oil producers see reversal of fortunes RIYADH, Nov 19: Market fundamentals, rather than sentiments appear somewhat back in control. Oil business has primarily been of fluctuating fortunes. And unless the global consumption grows much beyond projection or...		WTO members impose 68 safeguard measures ISLAMABAD, Nov 19: The 148 WTO-member countries have imposed 68 safeguard measures against the total initiations of 139 safeguard investigation pursuant to the Agreement on Safeguards during the period January 1, 1995 to June 30, 2005....
EU offers Pakistan customs duty relief ISLAMABAD, Nov 19: The European Union will give “mono GSP scale” to Pakistan from January next to boost Pakistan’s export to member states of the EU....		CBR software goes on web in Jan KARACHI, Nov 19: The software developed by the Central Board of Revenue will be placed on the web in January 2006, enabling the stakeholders to know the current status of their refund cases....
Removal of cooking oil sought: ATT negative list ISLAMABAD, Nov 19: The Afghan government has asked Pakistani authorities to remove cooking oil from the negative list of the Afghan Transit Trade (ATT) agreement....		Cut oil taxes, Opec tells Europe RIYADH, Nov 19: The world’s top energy producers, under pressure to meet global demand, called instead on Saturday on leading consumer states, mainly in Europe, to cut taxes on oil to alleviate hikes in prices....
Canada, Japan move on free trade accord BUSAN (South Korea), Nov 19: Canadian Prime Minister Paul Martin and his Japanese counterpart Junichiro Koizumi took preliminary steps here on Saturday towards negotiating a free trade deal, officials said....		Dollar recovers as investors refocus on US rates NEW YORK, Nov 19: The dollar rallied on Friday, recovering from earlier losses on expectations the European Central Bank would soon raise interest rates, as investors decided the US interest rate outlook was still the better bet....
China copper trade woes send prices to new peaks LONDON, Nov 19: Copper prices rose again to record highs above $4,200 a ton on Friday as investors gambled that China cannot ship enough metal to cover a trading position that might expose it to losses of $200 million....		NY stocks close higher NEW YORK, Nov 19: Wall Street built a head of steam over the past week as it moved toward the holiday season, giving many investors reason to be optimistic in what has traditionally a strong period of the year....
China agrees to purchase 70 Boeing 737s OSAN, Nov 19: China agreed to buy 70 planes from Boeing Co. in a deal worth up to about $5 billion before discounts as US President George W....		Opec says no plans for production cut RIYADH, Nov 19: Opec oil exporters will not consider cutting production at next month’s meeting unless prices fall rapidly, the organisation’s chief said on Saturday....
Jadoon to attend UK moot on mines ISLAMABAD, Nov 19: The government has set a target of generating 20,000-mw electricity from coal by 2019, from present production of 35-mw, and to enhance the share of coal in overall energy mix from 6 per cent to 19 per cent....		Commodity markets LAHORE, Nov 19: The following were Saturday’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....