January 21, 2006	Saturday	Zilhaj 20, 1426

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PM to okay creation of TDA after US visit: Promoting exports KARACHI, Jan 20: After the approval by the prime minister, the Trade Development Authority (TDA) is to be formed through an act within next two months to independently take care of country’s export promotion and marketing development activities....		Business surprised at govt move: New law for trade bodies KARACHI, Jan 20: Business leaders are apparently taken by surprise and are seemingly unprepared at present to get involved in the exercise of change of law that governs formation, operations and...
LDCs opposed to Pakistan’s move: Restricting market access ISLAMABAD, Jan 20: Least developed countries (LDCs) led by Benin have strongly opposed Pakistan’s move to restrict market access for their certain products to the rich countries, particularly the United States, at the Hong Kong ministerial conference (HKMC)....		Investment treaty Pakistan, US fail to make progress ISLAMABAD, Jan 20: Pakistan and United States on Friday concluded the fourth round of talks on the proposed Bilateral Investment Treaty (BIT), which remained inconclusive due to differences on some clauses of the agreement....
Stocks turn lower after hitting new peak KARACHI, Jan 20: The KSE 100-share index on Friday briefly surpassed its previous single-session all-time high level of 10,303 at 10,328.97 but late selling pushed it down modestly lower but the underlying sentiment remained uppishly inclined....		Pakistan seeks US investment NEW YORK, Jan 20: Saying that Pakistan has taken a number of steps to boost the competitiveness of its textile and apparel goods, Prime Minister Shaukat Aziz on Thursday called on...
PM opens trading at NYSE NEW YORK, Jan 20: Prime Minister Shaukat Aziz on Friday earned here the rare distinction of being the first Pakistani head of government to open trading on the world’s largest equities market, the New York Stock Exchange (NYSE)....		Oil hits $68 on supply fears LONDON, Jan 20: Oil prices surged on Friday to $68 following Al Qaeda’s purported threat to the United States, which fuelled tensions triggered by potential supply disruptions in Iran and Nigeria....
Kuwaiti investors visit KPT KARACHI, Jan 20: A high-level Kuwaiti delegation on Friday evinced keen interest in some of the major development projects being executed by the Karachi Port Trust (KPT)....		Lint prices firmer on active demand KARACHI, Jan 20: Firm trend was witnessed on the cotton market on Friday as some of the spinners covered positions after Thursday’s relative lull and lifted stray lots at the higher prices....
S. Arabia seeks big business from Asia RIYADH, Jan 20: Saudi Arabia, the world’s top oil exporter, aims to raise its economic and political profile in booming Asian countries when senior officials start a tour of the region next week that will include China and India....		Saudi Pak achieves record growth ISLAMABAD, Jan 20: Saudi Pak Industrial and Agricultural Investment Company experienced record growth in its operations in the year 2005....
Call to use local software KARACHI, Jan 20: Information Technology Minister Awais Ahmed Khan Leghari on Thursday called upon the government ministries and departments to use and patronize software solutions prepared by local IT companies....		Lasbela chamber hails NFC award KARACHI, Jan 20: President Lasbela Chamber of Commerce and Industry (LCCI), Dr Muhammad Aslam has said that the substantial monetary increase in NFC Award for Balochistan will boost the economic development...
Coca-Cola president KARACHI, Jan 20: The Coca-Cola Company has appointed Muhtar Kent as president of Coca-Cola International. According to the announcement made by Coca-Cola Company Chairman E. Neville Isdell, Muhtar Kent will be responsible for all Coca-Cola operations outside North America....		World demand for crude to rise VIENNA, Jan 20: Worldwide demand for crude oil is expected to rise 1.9 per cent in 2006 to 84.8 million barrels per day (bpd), Opec said Friday in a report that modestly revised down a previous estimate....
Palm oil ends flat KUALA LUMPUR, Jan 20: Malaysian palm oil ended flat in modest trade on Friday, with players limiting their exposure ahead of the weekend despite encouraging export figures....		European stock markets higher LONDON, Jan 20: European stock exchanges rose on Friday, with energy majors powered by a spike in oil prices and after an overnight bounce on Wall Street, dealers said....
Asian stocks mixed HONG KONG, Jan 20: Asian stocks closed mixed with a downward bias on Friday, as investors continued to consolidate in the aftermath of a regional plunge and turbulent mid-week trade....		Karachi Port operations KARACHI, Jan 20: Three ships carrying containers and steel scrap are expected to arrive at the outer anchorage on Saturday, according to KPT sources....