January 10, 2006	Tuesday	Zilhaj 9, 1426

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Prudential regulations for NBFCs announced: Consumer finance ISLAMABAD, Jan 9: The Securities and Exchange Commission of Pakistan (SECP) on Monday issued prudential regulations for consumer finance by non-banking finance companies (NBFCs). These will come into force with immediate effect....		Liquidity outflows push up money rates KARACHI, Jan 9: Money market rates once again hit the highest level on Monday, the last working day before Eid, mainly on account of huge outflow of liquidity and the State Bank’s forex selling and buying in the market....
WB to help raise tax-to-GDP ratio ISLAMABAD, Jan 9: The World Bank will provide a technical expert to the Central Board of Revenue (CBR) in reforming the taxation policies for achieving a quantum jump in tax-to-GDP ratio, which is the lowest in the region....		China to establish agro-based units BEIJING, Jan 9: China has shown willingness to establish agro-based industrial units in Pakistan and develop cooperation in water management and fishery sectors....
Stocks off highs after hitting 10,000-point barrier KARACHI, Jan 9: As predicted by some analysts, the KSE 100-share index on Monday touched the psychological barrier of 10,000 points for the second time in a year in its trading...		Trading remains slow on cotton market KARACHI, Jan 9: The Pre-Eid holiday mood prevailed on the cotton market on Monday as buyers and sellers remained conspicuous by their absence apparently weighed down by delivery problems....
CLRC’s paper to promote corporate sector KARACHI, Jan 9: The Corporate Laws Review Commission (CLRC) is in the process of developing a concept paper, which will identify future direction for the corporate sector with the objective of...		Indian offer to supply POL to BD DHAKA, Jan 9: Bangladesh will soon hold talks with the state-run Bharat Petroleum Corporation of India (BP) on import of fuel. The Indian High Commissioner to Bangladesh, Veena Sikri, on Monday...
Trimming of ATTA list proposed ISLAMABAD, Jan 9: The Central Board of Revenue (CBR) has moved a proposal to Economic Coordination Committee (ECC) for removing cooking oil from the negative list of the Afghan Transit Trade Agreement (ATTA)....		Gold hits 25-year peak LONDON, Jan 9: Gold rallied to hit a new 25-year peak in Europe late on Monday as fund managers shifted more money into the metal on worries about inflation, economic growth and the dollar, analysts said....
Oil prices higher LONDON, Jan 9: World oil prices rose Monday on concerns that political and violent unrest in Iran, Iraq and Israel may disrupt exports of Middle East energy supplies....		Multan port handles Rs20bn goods MULTAN, Jan 9: Exports and imports worth Rs20 billion were transacted through the Multan Dryport in 2005, said its chairman Khawaja Muhammad Yousuf here on Monday....
Global economic growth may gain pace this year BASEL, Jan 9: G10 central bankers concluded on Monday that “dynamic” growth in the world economy was set to continue and might even gain pace in 2006, European Central Bank chief Jean-Claude Trichet said....		ICMAP winter exam results KARACHI, Jan 9: The Institute of Cost and Management Accountants of Pakistan (ICMAP) has announced results for the fall (winter-2005) session....
Investment Bank ratings maintained LAHORE, Jan 9: The Pakistan Credit Rating Agency (Pacra) has maintained the long- and short-term entity ratings of First International Investment Bank Limited at “A” (single A) and “A1” (single A one)....		China’s firm buys stake in Nigerian oil BEIJING, Jan 9: China’s largest gas and oil producer CNOOC said on Monday it had agreed to buy a 45 per cent stake in an oil block off the coast of Nigeria for almost $2.3...
BMW sales up DETROIT, Jan 9: BMW Group pushed ahead of rival Mercedes-Benz after global sales rose 9.9 per cent in 2005 to a record 1.33 million vehicles, the German automaker said on Monday....		Asian stocks higher HONG KONG, Jan 9: Asian stocks closed higher on Monday, extending gains after weak US jobs data encouraged hopes the US Federal Reserve must be near to ending its series of interest rate hikes, dealers said....
Palm oil lower KUALA LUMPUR, Jan 9: Malaysian crude palm oil futures closed lower on Monday in thin pre-holiday trade, weighed down by weakness in rival soyaoil....		European stock markets LONDON, Jan 9: European stock markets struck their highest points in four and a half years on Monday, lifted by mining and auto shares. London’s FTSE 100 index of leading shares rose 0.19...