January 18, 2006	Wednesday	Zilhaj 17, 1426

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Export strategy for 2006 in jeopardy: Failure in data collection KARACHI, Jan 17: Failure of Pakistan’s data collection agencies—the Federal Bureau of Statistics (FBS) and the much touted private sector arm of the Central Board of Revenue (CBR), the Pakistan Revenue...		Five independent firms yet to be set up: Rehabilitation of industrial estates KARACHI, Jan 17: The formation and registration of five independent companies with a task to take up the rehabilitation of infrastructure of city’s industrial estates is taking a long time, thereby...
Inflation stands at 8.43pc in first half ISLAMABAD, Jan 17: Inflation stood at 8.43 per cent year-on-year during the first half year of the fiscal year 2005-06 mainly due to an increase in prices of food, house rent, education and transport....		Banks making fortunes from deposit money KARACHI, Jan 17: Banks are profiteering massively at the cost of depositors’ money as the returns on deposits are still far below the lending rates which practically made the returns negative because of high inflation....
KSE market capitalization at all-time high of Rs2,919bn KARACHI, Jan 17: Stocks on Tuesday maintained their upward drive for the second consecutive session and rose across a broad front as investors continued to build-up long positions in cement and...		Prices flare up with re-entry of buyers in cotton market KARACHI, Jan 17: Cotton market on Tuesday shrugged off the pre-Eid holiday hesitancy as spinners and mills resumed their covering operations to fill the supply gaps here and their....
POL products’ sales decline KARACHI, Jan 17: Except for an increase in jet fuel sales, the overall sales of petroleum products declined during July-December 2005, with a looming threat to low petrol consumption in future...		State Bank injects Rs9.3 billion KARACHI, Jan 17: Despite pumping of Rs40 billion in just two days by the State Bank, the money market remained tight and the overnight rates kept moving at the highest level of above 8.5...
Pakistan, US begin talks on BIT today ISLAMABAD, Jan 17: Pakistan and United States will start on Wednesday the fourth round of negotiations to develop consensus on the remaining articles of the Bilateral Investment Treaty (BIT)....		315 firms registered in Dec ISLAMABAD, Jan 17: The Securities and Exchange Commission of Pakistan (SECP) has registered 315 companies in December last year as compared to 233 companies registered during the corresponding month of 2004, reflecting an increase of 35 per cent....
Dawood Bank acquired by AIBL KARACHI, Jan 17: Atlas Investment Bank Limited announced on Tuesday that the Atlas Group had acquired Dawood Bank Limited and was in the process of merging Atlas Investment Bank Limited (AIBL) and Dawood Bank Limited (DBL)....		Local rice prices may decline KARACHI, Jan 17: Pakistan’s domestic rice prices were steady over the past week, but are expected to decline because of lower than anticipated international demand and slow exporter buying, dealers said on Tuesday....
Auto makers to invest $1.2bn in India NEW DELHI, Jan 17: Global automobile and component makers have pledged to invest $1.2 billion in India and transacted deals worth $150 million at a trade show here, sponsors said on Tuesday....		Gold prices higher LONDON, Jan 17: Average gold prices will rise for the fifth year in 2006 as inflation fears, dollar instability and geo-political tensions boost its allure and prompt funds to pump in more money, a Reuters poll showed on Tuesday....
European stocks LONDON, Jan 17: European stock markets fell on Tuesday amid profit-taking and concern over higher oil prices following steep losses in Japan, dealers said....		Karachi Port operations KARACHI, Jan 17: Eight ships carrying soyabean meal, containers and to load molasses are due to arrive at the outer anchorage on Wednesday, according to the KPT sources....