December 11, 2005	Sunday	Ziqa’ad 8, 1426

Please Visit our Sponsor (Ads open in separate window)

High NAV hits exports to 50 states: Farm, industrial goods ISLAMABAD, Dec 10: Pakistan like many other developing countries is facing high and complicated non-ad valorem duties (NAV) in around 50 countries, which restricted exports of industrial and agriculture goods to those markets....		EU may stick to its guns at Hong Kong summit: Trade barriers in farm goods BRUSSELS, Dec 10: European Union trade officials will require nerves of steel at the global trade talks opening in Hong Kong on December 13. Much to Brussels’ alarm, the World Trade...
No end in sight to SECP-KSE tussle KARACHI, Dec 10: Half way through the month of December and the tussle continues between the Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) on whether...		Customers changing bank set new trend KARACHI, Dec 10: Customers changing bank every year are setting new trend and this was exceptionally higher in England, providing opportunity for Pakistani banks to tap floating funds being carried by mobile customers....
Saudi oil revenues to touch $163 billion RIYADH, Dec 10: The Saudi oil revenues this year are expected to reach $163 billion – a 22 year high- resulting in a current account balance of $101 billion, the latest...		Sugar price shoots up by Rs4 KARACHI, Dec 10: Amid an ongoing dispute between the sugar mill owners and the growers over the official price of sugarcane in the province, the sugar price registered a sharp increase of Rs4 per kg during the last three days in Karachi....
Pakistan, India finalize draft: Shipping protocol KARACHI, Dec 10: A draft of revised shipping protocol between Pakistan and India has been finalized by visiting Indian delegates and the Pakistani ministry of ports and shipping....		SBP brings OMO rates further down KARACHI, Dec 10: Banks finally surrendered their excess liquidity at a lower rate to the State Bank of Pakistan (SBP), which picked up the leftover liquidity on Saturday....
PVMA flays dumping probe into tinplate ISLAMABAD, Dec 10: The Pakistan Vanaspati Manufacturers’ Association (PVMA) has sought commerce ministry’s intervention to stop the National Tariff Commission (NTC) from initiating an anti-dumping investigation into tinplate imported to Pakistan...		New SITE body chief elected KARACHI, Dec 10: Ameen Bandukda was elected as the new Chairman of SITE Association of Industry for 2005-06 on Saturday. He is also the Honorary Consul General of the Republic of El Salvador, Central America....
China textile exports may top $115bn BEIJING, Dec 10: China’s clothing and textile product exports are expected to top $115 billion in 2005 in spite of a stronger yuan currency and textile rows with the United States and the European Union, a state newspaper said on Saturday....		Asean admits trade talks hit troubles KUALA LUMPUR, Dec 10: Negotiations over a raft of free-trade deals between Southeast Asia and its neighbours have run into problems, but the region remains committed to striking deals, a top official said Saturday....
Malaysia warns EU on last-minute WTO tactics KUALA LUMPUR, Dec 10: Malaysia urged the European Union on Saturday not to leave any vital concessions to the last minute at next week’s trade talks in Hong Kong, saying that otherwise frustrated delegates would “go shopping”....		Oil prices slump NEW YORK, Dec 10: Oil prices shot above 61 dollars a barrel on Friday for the first time in more than a month before reversing course on profit-taking before an Opec meeting next week....
Dollar slightly firm NEW YORK, Dec 10: The dollar firmed slightly on Friday as market participants positioned for next week’s interest rate decision and a possible signal that the US rate hiking cycle may be nearing an end....		Award KARACHI, Dec 10: Alchemy Technologies announced that it won the best financial application award at the PASHA ICT Awards 2005. The PASHA ICT Awards serve to recognize and promote locally-developed software applications and services....
Cotton market rules firm KARACHI, Dec 10: The cotton market finished the week’s last trading session on a firm note as ginners held on to their unsold positions anticipating further increase in prices....		CFS rates down KARACHI, Dec 10: Weighted average CFS rates on the Karachi Stock Exchange during the last week fell to 1.4 per cent from the ceiling rate of 18 per cent, showing a decline of 120 basis points, analysts said....
VNO services KARACHI, Dec 10: TeleCard is now providing Virtual Network Operator (VNO) services to other carriers in Pakistan. Addressing the 10th session of the general assembly and the 29th session of the...		Karachi Port operations KARACHI, Dec 10: Three ships carrying steel cargo and containers are expected to arrive at the outer anchorage on Sunday, according to KPT sources. Berthing activity at the wharves was modest...