November 27, 2005	Sunday	Shawwal 24, 1426

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Shipping lines raise charges by 12pc: Effective Dec 1, 2005 KARACHI, Nov 26: Members of shipping lines of the Indian, Pakistan, Bangladesh and Ceylon Conference (IPBCC) have increased freight charges by an average 12 per cent on the westbound cargo with effect from December 1, 2005....		Ostentation multiplies marriage cost KARACHI, Nov 26: It costs a middle class Pakistani no less than Rs200,000 to marry off their daughters, for the rich families estimates run over Rs10 million....
Ishrat proposes model for skill development KARACHI, Nov 26: State Bank governor Dr Ishrat Husain has suggested a three-stage model for the skills development and stressed for the training in and outside the country to produce skilled professionals....		Corporate laws review body formed ISLAMABAD, Nov 26: The Securities and Exchange Commission of Pakistan (SECP) has announced the establishment of the Corporate Laws Review Commission (CLRC) under the leadership of Justice (retd) Ajmal Mian, former chief justice of Pakistan....
Saudi Arabia bans import of poultry RIYADH, Nov 26: Saudi Arabia has imposed a ban on the import of poultry and its products from a number of countries, including Pakistan. According to local media reports, Saudi Arabia...		Pakistan for opening up of EU markets ISLAMABAD, Nov 26: Commerce Minister Humayun Akhtar Khan has linked the success of the Hong Kong ministerial conference with the opening up of the EU agriculture sector for other countries....
New KESC buyers to make final payment tomorrow KARACHI, Nov 26: Al-Jumaih investors group of Saudi Arabia will make the second and final instalment of $165 million on Monday for the acquisition of 73 per cent shares of Karachi Electric Supply Corporation....		WTO draft ministerial text released ISLAMABAD, Nov 26: The World Trade Organization (WTO) on Saturday released a nine-page Draft Ministerial Text with annexes aiming to agree on formulas and other details that will determine the scale...
CFS rates move up KARACHI, Nov 26: The weighted average rate under the CFS on the Karachi Stock Exchange during the last week showed a fresh modest rise of 60 basis points at 16.2pc...		Cotton prices under consolidation phase KARACHI, Nov 26: Cotton prices on Saturday were adjusted in line with those at which physical trading was being transacted between the ginners and spinners for the last couple of sessions....
Knitwear makers to visit BD: Joint venture LAHORE, Nov 26: Leading manufacturers of knitwear products will visit Bangladesh to explore the possibilities of entering into joint venture arrangements for knitwear garment production there....		Poultry rates KARACHI, Nov 26: The following were poultry rates issued by Pakistan Poultry Association here on Saturday. EGGS: Rs1,390 to Rs1,395 per crate of 30 dozens, Broiler (Live): Rs76 per kilo; Culled Bird (Live): Rs50 per kilo....
Commonwealth leaders discuss trade ‘road map’ VALLETTA, Nov 26: Commonwealth leaders were locked in discussions here Saturday on a “road map” to world trade for poor countries and achieving closer cooperation in the fight against terrorism....		Swiss finance minister justifies straitjacket on Swisscom GENEVA, Nov 26: Switzerland’s finance minister on Saturday justified a block on major foreign acquisitions by the top telecommunications operator Swisscom, saying the state, as main shareholder, could not take risks with one of its biggest assets....
Islamic banking licence issued KARACHI, Nov 26: The State Bank on Saturday issued another licence for Islamic banking to a Dubai-based bank which intended to invest $100 million in Pakistan....		Karachi Port operations KARACHI, Nov 26: Seven ships carrying containers and to load naphtha and fish are expected to arrive at the outer anchorage on Sunday, according to KPT sources....