November 26, 2005	Saturday	Shawwal 23, 1426

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Borrowing hits 63pc of target in 4 months: Budgetary support KARACHI, Nov 25: The federal government borrowing for budgetary support has reached 63 per cent of the credit plan for 2005-06 within four months. The accelerated government borrowing for the budgetary...		KSE withdraws case against PEX KARACHI, Nov 25: After nearly 30 months, the issue of Pakistan’s fourth stock exchange — PEX Limited — has come back to life as the Karachi Stock Exchange on Tuesday, withdrew its case for a stay order against PEX....
264 companies registered in October ISLAMABAD, Nov 25: The Securities and Exchange Commission of Pakistan (SECP) has registered 264 companies during October 2005 as compared to 202 companies registered during the corresponding month last year indicating an increase of 31 per cent....		Oil prices fall on easing supply concerns LONDON, Nov 25: Oil prices fell on Friday, with supplies of heating fuel deemed adequate to meet demand during the northern hemisphere winter despite the onset of freezing weather in the region....
Stock market falls on weekend profit-selling KARACHI, Nov 25: Stocks on Friday ran into weekend profit-selling on some of the high-profile counters under the lead of National Bank, but MCB and DG Khan Cement maintained their upward drive on active follow-up support....		Prices decline on cotton market KARACHI, Nov 25: Cotton prices on Friday suffered fall ranging from Rs25 to Rs50 per maund in physical trading, as some of the leading ginners tried to clear the backlog of larger unsold stocks....
Strategy for boosting exports to East Europe ISLAMABAD, Nov 25: The government has worked out a comprehensive strategy including the appointment of Honorary Consul Generals for enhancement of exports to Russia and Eastern European countries....		Dollar hits new high LONDON, Nov 25: The dollar hit a new 27-month high against the yen amid thin trading on Friday, with many US dealers away from their desks for a long Thanksgiving holiday weekend....
Govt urged not to allow import of used auto parts KARACHI, Nov 25: Local auto parts makers fear collapse of the industry in case the Central Board of Revenue and the commerce ministry allow the import of used auto parts....		EU agrees on new banana tariff with producers BRUSSELS, Nov 25: EU governments agreed on Friday to a proposed banana import tariff of 176 euros per ton as the 25-nation bloc tries to end a long-standing dispute with Latin American producers, EU officials said....
State Life, Microsoft sign MoU KARACHI, Nov 25: State Life Insurance Corporation (SLIC) on Friday signed a memorandum of understanding with Microsoft to equip its policyholders with computers at an affordable cost....		Business council ISLAMABAD, Nov 25: The Federation of Pakistan Chambers of Commerce and Industry and the Federation of Bangladesh Chambers of Commerce and Industry will hold a joint business council to discuss future prospects for enhancing economic and bilateral relations....
Tax team for Tehran ISLAMABAD, Nov 25: A two-member official tax delegation would leave on Sunday for Tehran to attend a meeting of the Association of Administrators of Islamic Countries on avoidance of double taxation....		SECP fines firm for not filing accounts ISLAMABAD, Nov 25: The Securities and Exchange Commission of Pakistan (SECP) was continuously monitoring compliance of rules and regulations on part of the corporate sector....
Exporters for early payment of ST refunds FAISALABAD, Nov 25: Textile exporters have asked the Central Board of Revenue to make payment of billions of rupees Sales Tax refund claims which were held by it on unconcerned objections....		Business forum KARACHI, Nov 25: Businessmen from Pakistan and Czech Republic have formed a Czech-Pakistan Business Forum for promotion of trade and investment between the two countries....
GM sees rising foreign sales NEW YORK, Nov 25: General Motors Corp. expects to sell more cars and trucks in foreign markets than in the United States this year, its top executive said in an interview published on Friday....		Expo 2006 ISLAMABAD, Nov 25: The Standing Committee of the National Assembly on Commerce has directed the Export Promotion Bureau for making transparent arrangements of the Expo 2006....
Debt shelf WASHINGTON, Nov 25: Dutch financial services group ING Groep NV filed with US regulators on Friday to periodically sell up to $1 billion in debt securities....		Palm oil prices up KUALA LUMPUR, Nov 25: Malaysian palm oil rose on Friday after players moved to cover shorts with Chicago markets closed due to a holiday in the United States....
Gold hits new 18-year high LONDON, Nov 25: Gold hit fresh 18-year peaks on Friday as buying picked up in Japan after a holiday, but traders may have to wait until next week to take out the elusive $500 target when US markets reopen....		Karachi Port operations KARACHI, Nov 25: Four ships, including a carrier with 349 cars, are expected to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was...