January 25, 2006	Wednesday	Zilhaj 24, 1426

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Pakistan-India trade potential seen at $1-5.2bn KARACHI, Jan 24: The State Bank estimates the potential of Pakistan-India trade in the range of $1 billion to $5.2 billion in a year as according to an analysis of bilateral...		National logistic corridor planned KARACHI, Jan 25: Dr Salman Shah, adviser to the prime minister on finance and revenue, has said that the government is planning to build a national logistic corridor from Karachi to Peshawar....
Exchange rates stay stable in 1st half KARACHI, Jan 24: Scarcity of liquidity due to tight monetary policy helped the State Bank to stabilize the exchange rate during the first half of the current fiscal as US dollar remained fluctuating in the range of just 16 paisa....		Customs duty collection up ISLAMABAD, Jan 24: The Central Board of Revenue (CBR) raised Rs30.1 billion customs duty on import of four kinds of items out of the total collection of Rs61.5...
KSE undergoes massive technical correction KARACHI, Jan 24: Stocks on Tuesday failed to sustain the overnight historic levels as bears indulged in heavy selling in a highly overbought market and temporarily halted its upward drive....		Canadian company to set up $2bn plant KARACHI, Jan 24: A Canadian oil and gas company on Tuesday signed a memorandum of understanding (MoU) with the Sindh government for establishing a petrochemical plant in the province to produce bye-products of coal including diesel, jet fuel, chemicals and plastics....
‘Tight monetary policy to continue’ KARACHI, Jan 24: Dr Salman Shah, adviser to the prime minister on finance and economic affairs, said on Tuesday that the government would continue with its tight monetary policy to further...		Oil prices fall below $68/barrel LONDON, Jan 24: Oil prices fell below $68 in New York on Tuesday, though losses were limited by lingering supply concerns despite Saudi Arabia’s offer to provide the market with extra crude, analysts said....
Microsoft gets extra time in trust row BRUSSELS, Jan 24: The European Commission has given US software giant Microsoft an extra three weeks to submit documents justifying its position in a long-standing anti-trust case, a spokesman said on Tuesday....		Dollar recovers losses NEW YORK, Jan 24: The dollar recovered a few of the previous session’s sharp losses on Tuesday, as oil prices eased and stock markets stabilized, prompting profit-taking in currencies that had gained at the dollar’s expense....
Lint prices move up on active demand KARACHI, Jan 24: Cotton market on Tuesday showed firm trend as ginners raised their asking prices after spinners resumed their normal covering operations....		CBR seeks feedback on clearance model ISLAMABAD, Jan 24: Chairman Central Board of Revenue (CBR) Abdullah Yousuf has directed all collectors of Customs to give their feedback within 15 days on the proposed model of Post-clearance Audit (PCA) before it is finalized....
Rice prices steady on high export demand KARACHI, Jan 24: Pakistani rice prices are likely to remain steady amid rising demand for Irri-6 from Africa, dealers said on Tuesday. “January and February are usually peak period for...		Banks violate Zakat Ord KARACHI, Jan 24: The State Bank on Tuesday expressed concern over banks’ violation regarding service charges on collection and distribution of Zakat funds....
BD tea prices CHITTAGONG, Jan 24: The average price of Bangladesh teas fell 1.42 per cent to 76.20 taka ($1.14) per kg on poor quality at the weekly auction on Tuesday, brokers said....		RBI hikes short-term rate MUMBAI, Jan 24: The Reserve Bank of India on Tuesday raised a key short-term interest rate by 25 basis points to 5.50 per cent, the third hike this fiscal year aimed to check inflation amid higher than expected economic growth....
Palm oil lower BANGKOK, Jan 24: Malaysian crude palm oil futures ended down on Tuesday, hit by profit taking ahead of the Lunar New Year holiday next week, dealers said....		ECB escapes row but oil haunts euro economy zone: Trichet BRUSSELS, Jan 24: EU finance ministers expressed guarded confidence on Tuesday about the prospect of accelerating economic growth this year, but resurgent oil prices kept them on edge about probable interest rate hikes in the euro zone....
Asian stocks consolidate HONG KONG, Jan 24: Asian stocks bounced on Tuesday, regaining some ground lost during a sharp sell-off at the start of the week, with Tokyo leading gains after an improved performance by Wall Street overnight....		Karachi Port operations KARACHI, Jan 24: Five ships carrying soyabean meal, container and to load ethanol are due to arrive at the outer anchorage on Wednesday, according to KPT sources....