December 21, 2005	Wednesday	Ziqa’ad 18, 1426

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Production of local buses falls by 54pc KARACHI, Dec 20: After recording a 28 per cent rise in bus production during 2004-05, the local bus makers find themselves in hot waters because of continuous decline in sales of...		Pakistan retains US market share: Apparel products KARACHI, Dec 20: Pakistan has succeeded in protecting its US market share for apparel products at the Sixth Ministerial Conference held in Hong Kong from Dec 13 to 18, by restricting...
FTAs with 4 states likely in 2005-06 ISLAMABAD, Dec 20: China, Malaysia, Thailand and Turkey have agreed to separately sign Free Trade Agreements (FTAs) with Pakistan preferably during the current fiscal year....		‘Govt to develop telecom sector’ ISLAMABAD, Dec 20: Minister for Information Technology (IT) Awais Ahmad Khan Leghari on Tuesday said that the government was keen to develop quality human resource capable of assuming key position in the flourishing telecom sector of the country....
Eurozone growth gains momentum BRUSSELS, Dec 20: Eurozone growth is gaining momentum as business investment booms, although private consumption remains hesitant, the European Commission(EU) said Tuesday....		Oil jumps on likely fall in US stocks LONDON, Dec 20: World oil prices rose on Tuesday, reversing three days of losses, as traders anticipated falling US crude stockpiles on the eve of the weekly US energy report, analysts said....
Body formed to fix rice export price LARKANA, Dec 20: The Federal Ministry of Food and Agriculture has constituted a permanent committee to monitor the rice trade and fix the export price of the commodity....		Mills may start cane crushing this week ISLAMABAD, Dec 20: The sugar mills in Sindh on Tuesday indicated that they would resume sugarcane crushing in this week following government assurance to link sugarcane prices with sugar contents, a senior government official told Dawn....
Stocks stage smart recovery on fresh short-covering KARACHI, Dec 20: Stocks on Tuesday shrugged off the overnight hesitancy and staged a sharp recovery on strong short-covering in leading base shares at the lower levels amid an actively traded session....		Active buying on cotton market KARACHI, Dec 20: Physical activity on the cotton market on Tuesday picked up as spinners and mills made active covering purchases at the prevailing levels....
Govt mulling cabinet body on private sector ISLAMABAD, Dec 20: Dr Salman Shah, adviser to the prime minister on finance and economic affairs, said on Tuesday the government was planning to form a Cabinet Committee on Private Sector...		No change in T-bill rates expected KARACHI, Dec 20: Monetary experts and analysts see no change in the cut-off yields of the Treasury bills auction on Wednesday mainly because of huge liquidity inflow at the time of auction....
ICAP accounting standards KARACHI, Dec 20: The Institute of Chartered Accountants of Pakistan (ICAP) has developed International Accounting Standards (IAS) with regard to Islamic banking and financial reporting system, said ICAP president Syed Mohammad...		Karachi Port operations KARACHI, Dec 20: Seven ships carrying general cargo, containers, lube oil and crude oil are due to arrive at the outer anchorage on Wednesday, according to KPT sources....
Asian stocks close flat HONG KONG, Dec 20: Asian stocks closed mostly flat on Tuesday with buying capped by overnight falls on Wall Street but broader sentiment remained strong with Tokyo defying the regional trend and again finishing sharply higher, dealers said....		Palm oil prices up JAKARTA, Dec 20: Malaysian crude palm oil futures extended gains in active trade on Tuesday on the back of a strong rally in Chicago soyaoil prices, but lower-than-expected exports in December curbed gains....
Gold higher LONDON, Dec 20: Gold prices edged higher in a quiet European trade on Tuesday, lifted by moderate fund buying and increasing physical demand, but thin volumes are expected to make the market volatile in the last trading days of the year....		Karachi market rates KARACHI, Dec 20: The following were Tuesday’s commodity market rates in rupees....