November 23, 2005	Wednesday	Shawwal 20, 1426

Please Visit our Sponsor (Ads open in separate window)

Gold price hits new peak of Rs9,635 KARACHI, Nov 22: The rising trend of bullion rate on international markets continues to exert pressure on the domestic prices at a time when marriage season is at its full swing....		BD offers incentives to capture markets: Export of home textiles KARACHI, Nov 22: After achieving $6 billion in garments and made-up exports, Bangladesh is now entering home textiles in a big way by allowing duty-free import of plant and machinery as well as raw material, including raw cotton and accessories....
Zero monetary expansion in four months KARACHI, Nov 22: State Bank of Pakistan Governor Dr Ishrat Husain has defended his monetary policies and said that the monetary growth has been zero per cent for the last four months which justifies the steps taken as monetary strategy....		Eight parties pre-qualify for PS bid ISLAMABAD, Nov 22: The Privatization Commission Board on Tuesday pre-qualified eight parties for the sale of Pakistan Steel. The board, which met here on Tuesday under the chairmanship of Privatization and...
Index crosses 9,000-point psychological barrier KARACHI, Nov 22: The KSE 100-share index on Tuesday confidently breached through the psychological barrier of 9,000 points after several abortive attempts but analysts are divided over its future direction and are not carried away by the breakthrough....		Cotton market secures gains KARACHI, Nov 22: The cotton market on Tuesday consolidated the previous gains amid an actively traded session after spinners resumed their covering operations in a big way....
Two Indian banks seek licences KAARACHI, Nov 22: Two Indian banks have sent requests to the State Bank of Pakistan (SBP) for opening of their branches in the country....		Pakistan, Australian firm ink gas deal ISLAMABAD, Nov 22: The government of Pakistan and Australian petroleum company BHP Billiton-led joint venture signed an agreement for gas sales and purchase of additional 150 million cubic feet gas per...
Pakistan industry moot on Dec 2-3 KARACHI, Nov 22: Government dignitaries, top bureaucrats, business and corporate leaders and professional experts will get together in the city on December 2-3 at the first Pakistan Industry Conference-2005 to critically...		Oil prices surge $1 on cold weather NEW YORK, Nov 22: US crude oil futures surged on Tuesday as the belated arrival of cold weather in the US Northeast, the world’s largest heating oil market, was expected to increase fuel demand....
Pre-shipment inspection of used machinery ISLAMABAD, Nov 22: The commerce ministry has announced that the relaxation of pre-shipment inspection condition for imported second-hand machinery, plant and equipment will not be allowed in future....		Siemens profit rises KARACHI, Nov 22: Siemens Pakistan reported a profit of Rs779 million during the year 2005 ending September 30, showing a rise of 89 per cent over the last 2004....
EU sugar reforms BRUSSELS, Nov 22: The European Union kicked off marathon talks on Tuesday on sugar sector reforms with Britain seeking to win over other reluctant member states with a sweeter offer on implementing the changes....		Pakistan-China energy forum being planned ISLAMABAD, Nov 22: The government is contemplating to host a Pak-China energy forum in near future inviting the public and private sector oil and gas companies to explore areas of cooperation...
Key WTO players to meet in Brussels BRUSSELS, Nov 22: Key players from the US, EU, India and Brazil are expected in Brussels next week along with ministers from the G90 developing states seeking a world trade deal by next month, sources said on Tuesday....		BD tea prices up CHITTAGONG, Nov 22: The average price of Bangladesh teas rose 4.24 per cent to 83.34 taka ($1.26) per kg on higher demand at a weekly auction on Tuesday....
FACT member KARACHI, Nov 22: Managing Director and Chief Executive Officer of Pakistan State Oil Jalees Ahmed Siddiqui has been appointed as member of the Business Role Focus Area Core Team (FACT) of the World Business Council for Sustainable Development (WBCSD), Geneva Switzerland....		Pakistan purchases 0.650m tons wheat KARACHI, Nov 22: Pakistani traders are expected to import more wheat with deals totalling 200,000 tons expected for January-February shipment, traders and a government official said on Tuesday....
Palm oil ends lower KUALA LUMPUR, Nov 22: Malaysian crude palm oil futures fell on Tuesday, weakened by the steady slide in rival US soyaoil and a lack of leads for buyers....		Karachi Port operations KARACHI, Nov 22: Eleven ships carrying raw sugar, DAP fertilizer, jute and vehicles are due to arrive at the outer anchorage on Wednesday, according to KPT sources....