November 30, 2005	Wednesday	Shawwal 27, 1426

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Millers can lift wheat from Sindh govt stock KARACHI, Nov 29: All flour millers and owners of small chakis operating under the food grain licence in Sindh are now free to lift as much wheat from the government stock as they wish on officially fixed issue price of Rs1,112.50...		Speculation pushes up urea sales in Oct KARACHI, Nov 29: Sales of fertilizer during the first month of the Rabi season (October 2005) depicted a phenomenal growth of 70 per cent, compared to the same month last year,...
Sindh cane mills not working due to short supply KARACHI, Nov 29: Sugar mills in Sindh could not come into operation owing to inadequate supply of sugarcane where growers are facing with shortage of manpower badly needed for the haulage of cane from farms to factories....		Islamabad backs rapid reduction in trade barriers WASHINGTON, Nov 29: Commerce Minister Humayun Akhtar Khan on Monday evening said the reforms process in Pakistan “will continue”. While multilateral and bilateral trade relations will take their own course, he...
KSE index falls 11.48 points on profit-selling KARACHI, Nov 29: Stocks on Tuesday attracted profit-selling at the inflated levels and finished modestly lower after an early run-up, but analysts predict continuation of the current rally despite the fact that the market is in an overbought position....		Prices decline on cotton market KARACHI, Nov 29: Cotton prices on Tuesday suffered a modest fall of Rs25 as ginners sold in part their long unsold positions amid a modestly traded session and light ready offtake....
Gold hits above $500 for first time in 18 years LONDON, Nov 29: The price of gold rose above $500 an ounce for the first time for 18 years on Tuesday, propelled by strong buying from investment funds....		Lamy says no progress may prove disastrous ISLAMABAD, Nov 29: WTO Director-General Pascal Lamy has urged member countries that what is already on the table can translate into a good result for development, adding that it would certainly...
Oil prices dip LONDON, Nov 29: Oil prices dipped on Tuesday owing to warmer temperatures in the US northeast region, the world’s biggest consumer of heating fuel, analysts said....		Ishrat for institution building KARACHI, Nov 29: Institution building is the most important job in the country and it needs immediate attention, says State Bank Governor Dr Ishrat Husain. The SBP chief stated this while...
‘Pakistan not likely to secure GSP status’ LAHORE, Nov 29: An international law consultant says that Pakistan is not likely to secure the GSP (Generalized System of Preferences) status for its textile and apparel exports to the US and the EU....		‘Current account gap manageable’ KARACHI, Nov 29: A swing in Pakistan’s current account to a deficit did not pose a threat to the economy as it would be offset by increased foreign direct investment and...
Early signing of PTA with Turkey urged ISLAMABAD, Nov 29: State Minister for Commerce Hamid Yar Hiraj has emphasized the need for early conclusion of an effective Preferential Trade Arrangement (PTA) between Pakistan and Turkey....		Turkey to cut income tax ANKARA, Nov 29: Prime Minister Recep Tayyip Erdogan announced reductions on Tuesday of five and 10 percentage points in income and corporate tax in a bid to boost investment and combat Turkey’s giant unregistered economy....
Talks on EHP sought ISLAMABAD, Nov 29: Pakistan has asked Indonesia for initiation of talks on early harvest programme (EHP) — zero rate of duty — to increase trade between the two countries....		Rice prices ease but exports stay soft KARACHI, Nov 29: Pakistani rice prices eased marginally over the past week, but exports remained soft due to offers of cheaper products from other countries on the international market, dealers said on Tuesday....
Eurozone economy heads for modest growth: OECD PARIS, Nov 29: The eurozone is heading for economic growth of 1.4 per cent this year, the OECD said on Tuesday, while warning the European Central Bank against raising interest rates....		Karachi Port operations KARACHI, Nov 29: Eight ships carrying general cargo, chemicals and loading rice are due to arrive at the outer anchorage on Wednesday, according to KPT sources....