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September 28, 2006 Thursday Ramazan 4, 1427 Normal Eid sales predicted KARACHI, Sept 27: Leading fabric, garment and cloth makers expect normal sales in this Eidul Fitr. They rule out any negative impact on the consumers’ buying sentiments in the wake of uncertain political situation.... Too much cash chasing too few shares KARACHI, Sept 27: Colony Mills Limited, which begins trading from October 2, would be the tenth security to enter the country''s capital market this year.... Insurance cover offered to Pakistan Railways KARACHI, Sept 27: The public sector National Insurance Company (NICL) has offered an insurance package to the Pakistan Railways that proposes compensation cover of the loss of lives, injuries and disability... T-bills auction draws poor response KARACHI, Sept 27: Banks avoided investing in longer tenure treasury bills on Wednesday fearing that high inflationary figures of August could further push up the interest rates.... Import bill touches $4.985bn in two months ISLAMABAD, Sept 27: The import bill of petroleum products recorded a hefty growth during the first two months (July-Aug) of the fiscal year 2006-07, over the same months last year.... Textile exports decline ISLAMABAD, Sept 27: The export of textile products declined by 7.10 per cent to $1.625 billion during the first two months (July-Aug) of the fiscal year 2006-07 as against $1.749... Sugar mills unable to repay loans by Oct 31 LAHORE, Sept 27: Sugar mills are finding it tough to fully repay their working capital loans obtained from commercial banks against the security of their stocks by Oct 31, the deadline set by the central bank.... KSE index gains 81 points on active short-covering KARACHI, Sept 27: Stocks on Wednesday extended the overnight run-up on active short-covering in oil and some bank shares aided by rumours of foreign buying but the volume remained light in the absence of leading sellers.... US fund to invest in Chinese Companies BEIJING, Sept 27: The biggest public pension fund in the United States is considering investing in Chinese firms for the first time in a move that could have a major flow-on effect, the Financial Times reported on Wednesday.... US new home sales rise WASHINGTON, Sept 27: Sales of new US homes rose a faster-than-expected 4.1pc last month to register their first increase since March, the Commerce Department said Wednesday.... Cotton market resists fresh decline KARACHI, Sept 27: The cotton market on Wednesday resisted fresh decline on official reports that the production target would be achieved despite reports of damage to standing crop in some of the areas.... SBP chief confident of reining in inflation MUMBAI, Sept 27: Pakistan''s central bank governor said on Wednesday that Pakistan was in the midst of a monetary tightening and she was confident of reining in inflation to 6.5... Karachi Port operations KARACHI, Sept 27: Four ships carrying palm oil and containers are due to arrive at the outer anchorage on Thursday, according to KPT sources.... KCCI resents closure of visa section KARACHI, Sept 27: Karachi Chamber of Commerce and Industry (KCCI) President Haroon Farooki has expressed his disappointment on the closure of the visa section at the Swiss Consulate General in Karachi which sends out a very negative message about Karachi.... Poultry rates KARACHI, Sept 27: The following are Thursday’s poultry market rates:... Asian stocks sharply higher HONG KONG, Sept 27: Asian stocks closed sharply higher on Wednesday following solid gains on Wall Street after economic data indicated the US economy might be heading for a softer than expected landing.... European shares forge ahead LONDON, Sept 27: European stock markets powered ahead on Wednesday following strong gains by US and Japanese shares, with London''s FTSE 100 leading the charge as heavyweight miners soared over 3.0... Gold prices LONDON, Sept 27: Gold jumped one per cent to a two-week high to trade just below $600 an ounce on Wednesday, supported by firmer oil prices and improved physical buying in key markets, dealers said....

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