Vol. 5 Num 203 Sat. December 18, 2004    
 
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Business
 
Current account surges despite soaring trade deficit
Higher foreign aid disbursement, FDI, remittance key contributors
Although the trade deficit posted a 27 percent increase in the first quarter of the current fiscal year, the current account balance is showing a surplus with an increase in disbursement of foreign aid,
 
Saarc leaders urged to go for economic union
High-profile dialogue on Safta ends in New Delhi
The heads of governments of the Saarc countries have been urged to put their heads together in the forthcoming summit in Dhaka so that Safta can be dragged towards establishing an "economic union" inthis
 
EU split on reimposition of US sanctions in 2006
The EU is sticking with its plan to lift sanctions on $4 billion worth of US goods on Jan.
 
Oil prices firm on winter weather worries
Oil prices firmed on Friday, cementing this week's gains spurred by worries a US cold spell could erode already low winter fuel inventories.
US light crude rose five cents to $44.

 
India to raise rate on top pension fund
India will raise the interest rate on its largest pension fund, the prime minister's office said on Thursday, but the federal labour minister said a final decision on the size of the increase was still
 
Bhutan becomes first nation to ban tobacco sales
The Himalayan kingdom of Bhutan was to enforce from Friday a ban on all tobacco sales, a world first, official media reported.
 
India's inflation falls for second week
India's inflation rate fell in the week to December 4 for the second consecutive week, thanks to lower oil and food prices, the government said Friday.
 
Aktel opens customer care centre at Dhanmondi
Aktel opened a customer care centre at Dhanmondi in Dhaka on Wednesday.
 
Pakistan cotton prices weak on fresh arrivals
Pakistani cotton prices were weak during the past week due to plentiful stocks and were likely to soften further in days ahead on expected rise in the supply from the new crop, dealers said Thursday.
 

 
   
 
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