December 6, 2005	Tuesday	Ziqa’ad 3, 1426

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Gold price surges to new high of Rs9,865 KARACHI, Dec 5: Continuing its record upward trend gold prices surged to a new high of Rs9,865 per ten grams on the first day of the week....		IT returns filing shows nominal growth ISLAMABAD, Dec 5: The filing of income tax returns/statements recorded a nominal growth of 7.2 per cent to 1.171 million filed up to October 15, 2005 as against 1.092...
Asia wants to keep WTO talks on track HONG KONG, Dec 5: Asian countries have become increasingly tentative ahead of upcoming WTO talks here, hoping at best to keep the negotiations on track in the knowledge that an overall trade accord is virtually impossible....		Oil price hits $60 on US cold weather LONDON, Dec 5: Oil prices extended pre-weekend gains on Monday as cold weather struck the US northeast, the world’s biggest consumer of heating fuel, analysts said....
Pakistan Poverty Database launched ISLAMABAD, Dec 5: The Asian Development Bank (ADB) has launched a Pakistan-specific poverty database to assist in the production of accurate poverty and socioeconomic data for policymaking and monitoring progress on the government’s development targets and commitments....		Iraq seeks help in banking, financial sector ISLAMABAD, Dec 5: Iraq has sought Pakistan’s help to improve its banking and financial sector and to train its civil servants. The request for help was made by Iraq’s finance minister...
KSE 100-share index crosses 9,300-point barrier KARACHI, Dec 5: Stocks on Monday resumed trading on a bullish note as investors continued to build up long positions on all the counters followed by predictions of a sustained run-up to the previous index level of 10,300 points....		Avoid using ATMs after dark: SBP guidelines KARACHI, Dec 5: The State Bank has developed detailed guidelines for account holders using debit, credit or smart cards and advised them that after dark, only use ATMs that are well-lighted....
EoIs invited for LTM machinery ISLAMABAD, Dec 5: The Privatization Commission has invited expressions of interest (EoIs) for the sale of assets, including plant, machinery and equipment of Lasbella Textile Mills (LTM), a project of Iran Pakistan Industries (Pvt) Limited (IPI)....		Aircraft deal PARIS, Dec 5: China signed its biggest-ever deal with European aircraft maker Airbus on Monday, ordering 150 mid-range planes with a value of nearly $10 billion during a visit by Prime Minister Wen Jiabao....
Clarification KARACHI, Dec 5: The Pakistan Export Finance Guarantee Agency (PEFG) has directly facilitated exports worth Rs800 million, besides indirectly helping exporters sell their products in excess of Rs2.5 billion....		Yen lower LONDON, Dec 5: The yen hit a 32-month low point against the dollar in Asian trade on Monday and sank to an all-time trough against the euro after G7 powers, including Japan, had appeared unworried by the currency’s decline, dealers said....
‘Pakistan offers attractive returns’ KARACHI, Dec 5: Consul General of Germany Verena Grafin Von Roedern on Monday termed the Pakistani economy safe for investment offering attractive returns because of higher population growth rate....		China sends team for kinoo import BEIJING, Dec 5: China on Monday sent a delegation to Pakistan, meeting a legal requirement to start import of citrus fruit. The delegation from the China Quarantine Bureau during its weeklong...
Dull trading on cotton market KARACHI, Dec 5: After several hectic trading weeks during the previous week, the cotton market on Monday reopened on a relatively dull note as buyers and sellers adhered to the sidelines apparently having an overview of the latest arrival figures....		E-filing of ST returns introduced LAHORE, Dec 5: The modern facility of e-filing of sales tax and federal excise returns has been introduced across the country for registered private and public companies....
New ICMAP syllabus KARACHI, Dec 5: The new syllabus introduced by the Institute of Cost and Management Accountants of Pakistan (ICMAP) would help improving professional standards of management accountancy in Pakistan, said ICMAP President Muhammad Rafi at a press briefing here on Monday....		Hong Kong gears up security for WTO moot HONG KONG, Dec 5: Worried by violent protests at international meetings from Argentina to South Korea, security officials in Hong Kong are preparing to batten down the hatches for the World Trade Organization (WTO) meeting here this month....
Plastic raw material prices up KARACHI, Dec 5: The rising trend in prices of raw material for plastic goods in the international market is expected to adversely affect the local market where its price has already surged from Rs4 to Rs5 per pound....		Britain cuts growth forecast LONDON, Dec 5: Chancellor of the Exchequer Gordon Brown on Monday slashed the British government’s economic growth forecast this year to 1.75 per cent from 3.0-3.5...
Karachi Port operations KARACHI, Dec 5: Six ships carrying steel, general cargo and containers are expected to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at the wharves was fairly brisk where over a dozen vessels were berthed....		ECB policymakers signal no rate rise VIENNA/BRUSSELS, Dec 5: ECB policymakers gave no suggestion on Monday that the central bank would move swiftly to raise interest rates again, after bond markets fell on bullish data and hawkish comments from the Bundesbank on Sunday....
Asian stocks close flat HONG KONG, Dec 5: Asian stocks closed mostly flat on Monday with investors following Wall Street’s lacklustre lead and holding fire after recent sustained gains, dealers said....		FPCCI invited to Geneva meeting ISLAMABAD, Dec 5: The United Nations Conference on Trade and Development (UNCTAD) has invited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to represent Pakistan’s private sector at a...