November 25, 2005	Friday	Shawwal 22, 1426

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Pakistan joins Cairns Group: Farm product exports ISLAMABAD, Nov 24: Pakistan has decided to join the Cairns Group — a coalition of 17 developed and developing countries headed by Australia — in a bid to seek a greater market access for its agriculture products....		US links FTA signing with bilateral treaty ISLAMABAD, Nov 24: The United States has linked the signing of the Free Trade Agreement (FTA) with the Bilateral Investment Treaty (BIT) and is not prepared to accommodate Pakistan’s reservations over the issue....
Islamabad to back four African states’ proposals: End of subsidy on cotton ISLAMABAD, Nov 24: Pakistan will support proposals of four African countries seeking a complete elimination of domestic support and export subsidies on cotton by January 2009....		Kenya assures exporters of resolving issue: PSI of coarse rice KARACHI, Nov 24: Kenyan High Commissioner Ms Mishi Masika Mwatsahu on Thursday assured rice exporters of resolving all their issues, including a condition laid down by the Kenyan government for carrying...
Index gains 56.48 points on heavy buying in NBP KARACHI, Nov 24: National Bank on Thursday remained under speculative squeeze and maintained its upward drive apparently to its next target of Rs200 after circuit breakers failed to check a sustained price flare-up for the third session in a row....		Economic deal signed with Indonesia ISLAMABAD, Nov 24: Pakistan and Indonesia on Thursday signed a comprehensive economic framework agreement for expanding economic cooperation and trade between the two countries....
KSE announces 25 Top Companies KARACHI, Nov 24: The Karachi Stock Exchange announced the names of 25 Top Companies for the year 2004. In a press release issued on Thursday, the KSE also explained the criteria for selection of Top Companies....		11 units fetch Rs43.038bn in 2004-05 ISLAMABAD, Nov 24: Federal Minister for Privatization Dr Abdul Hafiz Shaikh on Thursday told the Senate that Rs43.038 billion funds were generated by the government through privatization of 11 units during the financial year 2004-5....
Investment in mining sought ISLAMABAD, Nov 24: Petroleum and Natural Resources Minister Amanullah Khan Jadoon has said stratigraphic history and structural geology of Pakistan provided a variety of mineralized zones having metallic and non-metallic minerals, coal, oil and gas....		Talks with Etisalat in progress: Hafeez LAHORE, Nov 24: Talks were in progress with Etisalat and hopefully matters regarding the PTCL deal would be sorted out amicably, Privatization and Investment Minister Dr Abdul Hafeez Sheikh said in...
Oil prices fall LONDON, Nov 24: World oil prices fell on Thursday as strong rises in US crude inventories helped offset concerns about high demand for heating fuel during the northern hemisphere winter, dealers said....		Retail to create 8m jobs in six years NEW DELHI, Nov 24: The ongoing retail boom is expected to translate into eight million new jobs over five to six years. This is in addition to the 21 million jobs already sustained by retailers, including ‘mom & pop’ stores....
Spinners, mills indulge in panic buying KARACHI, Nov 24: The cotton market on Thursday passed through another briskly traded session as spinners and mills indulged in near-panic buying at the current levels....		Bankruptcy issue halts trading in yarn market FAISALABAD, Nov 24: Business transactions in the local cotton yarn market came to a halt here on Thursday following the announcement of bankruptcy by a major party....
German business confidence falls FRANKFURT, Nov 24: German business confidence fell in November, but not enough to derail the tentative recovery in the eurozone’s biggest economy, data showed on Thursday, just as the European Central...		Tea prices NAIROBI, Nov 24: Kenya’s tea prices were mixed at this week’s auction, with some easing because of a dip in quality, and the quantity sold rose, dealers said on Thursday....
Indian banks MUMBAI, Nov 24: Indian banks need to raise more funds to feed the demand from companies expanding their operations in Asia’s third-largest economy, and to meet Basel II capital standards, the central bank said on Thursday....		European stocks fall in quiet trade LONDON, Nov 24: European stock markets fell in subdued trading on Thursday amid Thanksgiving in the United States, after failing to extend the previous day’s gains in the wake of a pre-holiday rally by Wall Street....
Palm oil ends lower KUALA LUMPUR, Nov 24: Malaysian crude palm oil futures ended lower on Thursday, weighed down by weakness in rival US soyaoil, but trading was thin as players awaited Friday’s release of export estimates for Nov....		Karachi Port operations KARACHI, Nov 24: Four ships carrying raw sugar and coal are due to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was active where eight ships were berthed....