November 29, 2005	Tuesday	Shawwal 26, 1426

Please Visit our Sponsor (Ads open in separate window)

Borrowing by textile sector gets slow KARACHI, Nov 28: The flow of bank credit towards the textile sector has slowed down which is the real reason for overall decline in the private sector credit off-take....		Meeting to discuss fall in industrial growth KARACHI, Nov 28: Industries and Production Minister Jehangir Tareen is convening a meeting of leaders of various sectors of the industry, officials and independent experts to find out the causes of slump in the growth of industrial production....
Gold prices hit new peak of Rs9,750 KARACHI, Nov 28: Gold rates in the local market continued showing an upward rally on the back of rising international prices, touching a new peak of Rs9,750 on Monday from Rs9,700 per 10 grams on Saturday....		HBFC launches loan transfer facility KARACHI, Nov 28: The House Building Finance Corporation (HBFC) has introduced “mortgage loan transfer facility” for its customers who have obtained loans for construction or purchase of houses or flats from local or foreign banks....
Islamabad wants early conclusion of FTA with Washington WASHINGTON, Nov 28: Pakistan will ask the US to start negotiations for concluding a foreign trade agreement and for allowing greater market access to Pakistani goods when Commerce Minister Humayun Akhtar meets senior US officials in Washington this week....		Textile exports to EU fall 16.3pc ISLAMABAD, Nov 28: Pakistan’s textile export to European Union (EU) dropped by 16.3 per cent in the first eight months of the current calendar year mainly due to the capture of EU textile market by Chinese products....
Oil prices drop LONDON, Nov 28: Oil prices dropped heavily in New York on Monday amid much smaller losses in London, as traders kept a close eye on weather conditions in the northern hemisphere....		Safta may come into force from July 2006 ISLAMABAD, Nov 28: The enforcement of South Asia Free Trade Area (Safta) is likely to be delayed by at least six months to July 1, 2006 as there are a few...
Stocks sustain weekend rally, up 82.63 points KARACHI, Nov 28: Stocks on Monday resumed trading on a bullish note as investors continued to build-up long positions on cement and bank sectors aided by reports of higher quarterly corporate earnings and market talk of interim dividend....		Govt plans to import cotton ISLAMABAD, Nov 28: Federal Textile Industry Minister Mushtaq Ali Cheema has said the country will import around 2.5 million bales of cotton this year to meet the domestic requirement....
EU fiscal rulebook BRUSSELS, Nov 28: The European Union’s revised fiscal rulebook faces a litmus test in the coming months when the European Commission takes action on the British, French, German and Italian deficits, economic affairs commissioner Joaquin Almunia said on Monday....		EU budget cut LONDON, Nov 28: The British presidency of the EU hinted on Monday that it would propose a cut in the budget for the 25-member bloc in order to reach a spending agreement at the EU’s December summit in Brussels....
PM wants increased trade with Turkey ISLAMABAD, Nov 28: Prime Minister Shaukat Aziz said on Monday that links between private sectors of Pakistan and Turkey would be strengthened further for which there was a great potential....		Slow import of animals from India ISLAMABAD, Nov 28: Pakistan has imported 3,121 tons of garlic, potatoes and tomatoes from India since May 2005 through the land route of Waghah border. Official figures available with Dawn showed...
Prices stable on cotton market KARACHI, Nov 28: Cotton prices on Monday remained stable around the weekend level as ginners held on to their unsold positions and did not indulge in hasty selling....		Poor states under threat in WTO talks GENEVA, Nov 28: Nine developing countries on Monday accused rich nations of sidelining the interests of the poor in World Trade Organization talks on liberalizing global commerce....
Karachi Port operations KARACHI, Nov 28: A dozen ships carrying chemicals, containers and raw sugar are expected to arrive at the outer anchorage on Tuesday, according to KPT sources....		US home sales dip WASHINGTON, Nov 28: Sales of existing US homes dropped 2.7 per cent in October, suggesting that the sizzling housing market has peaked, the National Association of Realtors said on Monday....
Asian stocks close mostly higher HONG KONG, Nov 28: Asian stocks closed mostly higher on Monday with regional markets reflecting last Friday’s mood on Wall Street and registering only modest gains, dealers said....		Turkey expects $5bn FDI in ’05 ANKARA, Nov 28: Turkey is expecting to attract a record amount of more than $5 billion of direct foreign investment by the end of the year, Economy Minister Ali Babacan said on Monday....
Palm oil prices lower KUALA LUMPUR, Nov 28: Malaysian crude palm oil futures dived to a two-month low on Monday, breaking key support as the market tracked a slump in fall in US soyaoil....		Investors slate UK retreat on reporting rules LONDON, Nov 28: Investors criticized British Finance Minister Gordon Brown’s retreat on toughening company reporting requirements on Monday as a setback for improved transparency on corporate risks....