December 23, 2005	Friday	Ziqa’ad 20, 1426

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Teledensity ratio rises from 3 to 15 per cent ISLAMABAD, Dec 22: Privatization and Investment Minister Dr Hafeez Shaikh said on Thursday the opening up of Pakistan’s telecom market to the world had increased the teledensity ratio from 3 per cent to 15 per cent....		Plastic goods export to Kabul rising KARACHI, Dec 22: Kabul and Jalalabad have emerged as two main destinations for plastic goods export from Pakistan despite the fact that these products face stiff competition from the cheaper plastic products from Iran....
LSM output dips in July-Sept KARACHI, Dec 22: The large-scale manufacturing (LSM) production in first three months of the current fiscal year dropped to one third of what it achieved in the corresponding period of the previous year....		Investors to raise PS capacity: Assurance to govt ISLAMABAD, Dec 22: All the nine pre-qualified investors for Pakistan Steel Mills Corporation (PSMC) have given an undertaking to the government to increase the mills’ annual capacity from 1.1...
SNGPL stops supply to 118 captive power units LAHORE, Dec 22: The Sui Northern Gas Pipelines Limited (SNGPL) on Thursday stopped supply of gas to 111 captive power plants in the Lahore region (Sheikhupura and Bhai Phero) and seven...		TFCs worth Rs16.8bn issued in 2005 KARACHI, Dec 22: A total of 14 companies offered Term Finance Certificates (TFCs) worth Rs16.8 billion at the Karachi Stock Exchange during 2005, which was the highest number of corporate debt instruments issued in 10 years....
Share prices turn mixed amid rising political tensions KARACHI, Dec 22: Stocks on Thursday turned mixed as PTCL-led selling and slack demand pushed the index modestly lower amid light trading but the broader market performed credibly well in patches....		Bearish spell on cotton market KARACHI, Dec 22: Cotton prices on Thursday eased further by Rs15 per maund as some of the weaker links among the ginners continued to liquidate their stocks but spinners made guarded...
Global Compact to improve quality of goods: Soomro KARACHI, Dec 22: Chairman Senate Mohammedmian Soomro appreciating the signing of the Global Compact on Thursday said it would help build social and environmental framework to support and ensure the continuation of open and free markets in the world....		PSMA seeks govt’s help to resolve price issue KARACHI, Dec 22: The Sugar industry in Sindh has sought federal government’s help in resolving their on-going dispute over minimum sugarcane price fixed by the provincial government for the crushing season 2005-06....
Rich states to continue enjoying free access ISLAMABAD, Dec 22: The agreement on services will allow the rich countries to continue to enjoy access to the market of developing countries without giving reciprocal access....		Businessmen criticize gas tariff hike KARACHI, Dec 22: The trade and industry has criticized Oil and Gas Regulatory Authority (OGRA) decision for raising gas tariffs, and has feared that it will render the industry uncompetitive....
TCP chief rules out shortage of urea LAHORE, Dec 22: Over 50 per cent of recently ordered 300,000 tons of urea has already arrived at Karachi Port, and the rest of it is on the high seas, Asif...		PIA okays corporate plan for FY2006 KARACHI, Dec 22: The Board of Directors of the Pakistan International Airlines Corporation (PIAC) on Thursday approved corporate plan and set revenue target at Rs76.059 billion for the FY2006....
Compliance of auditing standards directed ISLAMABAD, Dec 22: The Securities and Exchange Commission of Pakistan (SECP) has directed all listed companies and their subsidiaries to comply with the “International Standard on Auditing 720” and other information in the documents containing audited financial statements....		Gold prices higher in Europe LONDON, Dec 22: Gold prices edged up in Europe but was below $500 an ounce in relatively quiet trade on Thursday, with market players avoiding big positions ahead of the year-end, dealers said....
Karachi Port operations KARACHI, Dec 22: Eight ships carrying urea, steel cargo and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources....		Port Qasim KARACHI, Dec 22: Four vessels carrying containers, Meg, canola seeds and chemical were allotted berths during the last 24 hours, said a PQA press release on Thursday....
Palm oil ends up KUALA LUMPUR, Dec 22: Malaysian crude palm oil futures were higher on Thursday as fears of a drop in local production more than offset news that Indonesia was planning to cut export taxes on the commodity....		Commodity markets LAHORE, Dec 22: The following were Thursday’s upcountry commodity market rates in rupees....