January 26, 2006	Thursday	Zilhaj 25, 1426

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Govt opts for debate before bond launching: Raising $1.2bn ISLAMABAD, Jan 25: Pakistan’s plan to raise over $1.2 billion through international bonds and depository receipts shortly has stirred a debate within the official quarters and the top authorities have called...		Govt policy responsible for distorted figures: National economy KARACHI, Jan 25: The Federal Bureau of Statistics (FBS) has become a punching bag for all the functionaries of the present government who do not miss any opportunity to ridicule the...
US non-committal on FTA, hints at BIT in March ISLAMABAD, Jan 25: The United States is non-committal to sign Free Trade Agreement (FTA) with Pakistan in near future but has indicated to finalize the much sought after Bilateral Investment Treaty (BIT) during President Bush’s visit to Pakistan in early March....		World economy to grow at 3pc: UN UNITED NATIONS, Jan 25: The top economists predict that the global economy will continue to cool in 2006 — growing just slightly more than three per cent, following a similar pace...
Stocks recover part of overnight losses KARACHI, Jan 25: Stocks on Wednesday shrugged off the overnight easiness as investors covered positions at the lower levels on selected counters amid a good bit of speculative activity in some overvalued shares....		Active trading on cotton market KARACHI, Jan 25: Active trading was witnessed on the cotton market on Wednesday as spinners and mills remained active buyers around the current levels for the fine lots....
PSO pre-bid meeting in two weeks KARACHI, Jan 25: The pre-bid meeting for privatization of Pakistan State Oil (PSO) is likely to be held in the next two weeks as the government is anxious to sell-off the...		CBR admits flaws in automated refund system ISLAMABAD, Jan 25: The Central Board of Revenue (CBR) on Wednesday admitted flaws in the Sales Tax Automated Refund Repository (STARR) — an automated system of issuing refunds to exporters — resulting in losses to the national exchequer....
PSF price raised by Rs2 per kg KARACHI, Jan 25: The sudden increase of Rs2 per kg in prices of local polyester staple fibre (PSF) will further put value-added textiles at disadvantage in the world market where Pakistani...		Oil prices ease LONDON, Jan 25: World oil prices fell sharply on Wednesday following news of rising distillates and gasoline stockpiles in the United States, the world’s biggest consumer of energy, dealers said....
BoK shares: investors facing problems KARACHI, Jan 25: Subscribers to the Initial Public Offering (IPO) of Bank of Khyber (BoK) are facing difficulty in submission of application due to a limited number of bankers to the issue....		Summit on sustainable development NEW DELHI, Jan 25: The sixth international summit on sustainable development, organized by The Energy and Resources Institute (TERI), will be held here from February 2-4....
Share of sectors in taxes being evaluated ISLAMABAD, Jan 25: The Central Board of Revenue (CBR) was carrying out a study to ascertain the actual share of different sectors of the economy as their percentage of the total federal taxes....		Cut in tax rates yields more revenue ISLAMABAD, Jan 25: The reduction in income tax rates for the corporate sector has resulted into maximum revenue realization during the first six months (July-Dec) of the current fiscal year compared with last year....
Century Paper to double production KARACHI, Jan 25: Century Paper and Board Mills Limited (CEPB) will double its production capacity from 130,000 to 260,000 tons at an estimated cost of Rs7.5...		‘ECB must be careful about rate rises’ FRANKFURT, Jan 25: The European Central Bank must be careful about raising rates as there are no clear signals about how strong growth is, Executive Board member Lorenzo Bini Smaghi was...
Indian rupee recovers MUMBAI, Jan 25: The rupee recovered from the day’s low on Wednesday as the euro edged towards a four-month high against the dollar after strong German business sentiment, bolstered further by a booming local stock market, dealers said....		Karachi Port operations KARACHI, Jan 25: Eight ships carrying, palm oil, general cargo, containers and to load rice, molasses and ethanol are due to arrive at the outer anchorage on Thursday, according to KPT sources....