January 28, 2006	Saturday	Zilhaj 27, 1426

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Export zones for Indian investors proposed KARACHI, Jan 27: The researchers at the State Bank are hopeful that the investment flow from non-resident Indians (NRI) in India would trickle down to Pakistan as well....		Millions of rupees stuck with CBR: Sales tax refund KARACHI, Jan 27: Millions of rupees of exporters are stuck with the Central Board of Revenue (CBR) on account of Sales Tax refund belonging to the period prior to zero rating of five major export industries from the current fiscal year....
SRO creates ambiguity: GST on ghee industry ISLAMABAD, Jan 27: The Central Board of Revenue (CBR) has failed to generate revenue from value-added tax (general sales tax) on vegetable ghee, crude oil and cooking oil industries as it...		Oil prices surge more than $1 LONDON, Jan 27: World oil prices rose by more than a dollar on Friday on supply concerns, analysts said, as the market geared up for Tuesday’s meeting of Opec to discuss output levels....
Bulls unlikely to leave arena for bears KARACHI, Jan 27: The KSE 100-share index on Friday improved its previous all-time high record of 10,346.00 at 10,447.56 points as investors continued to build up long positions on the leading...		Cotton buyers keep on sidelines KARACHI, Jan 27: Trading on the cotton market on Friday remained slow as spinners withdrew to the sidelines after ginners raised prices beyond their export parity levels....
Monetary policy extols State Bank’s autonomy KARACHI, Jan 27: The government borrowed Rs142 billion from the State Bank in the first half (July-December) of the fiscal year 2005. At the same time it retired Rs64 billion worth of commercial banks’ credit....		Federal insurance ombudsman hinted at ISLAMABAD, Jan 27: Commerce Minister Humayun Akhtar Khan on Friday told the upper house that his ministry was considering a proposal to appoint a Federal Insurance Ombudsman (FIO) to provide easy justice to the clients....
Pakistan, Malaysia to hold talks on FTA KARACHI, Jan 27: Malaysia and Pakistan are going to negotiate a free trade agreement during the forthcoming visit of the Malaysian prime minister to Pakistan....		US GDP growth slows to 1.1pc WASHINGTON, Jan 27: US economic growth slowed dramatically in the last three months of 2005 to just 1.1 per cent as government and consumer spending fell away, the Commerce Department said on Friday....
Furniture exports to UK double LONDON, Jan 27: Pakistan’s furniture exports to the United Kingdom have more than doubled from £3.718 million in 2002 to £8.405 million in 2004, said Pakistan’s High Commissioner Dr Maleeha Lodhi at the conclusion of a three-day International Furniture Fair....		SBP mops up Rs5.35bn KARACHI, Jan 27: After a long period inter-bank money market witnessed significant decline in overnight rate which slipped to 5 per cent despite regular mopping up of liquidity by the State Bank....
Local pharma firms urged to improve products KARACHI, Jan 27: Speakers at an international workshop on quality and standards of medicine here on Friday underscored the need for supportive legislation and regulations to make environment more favourable for the growth of local pharmaceutical industry....		Union Bank to issue Rs1bn TFCs KARACHI, Jan 27: Union Bank has decided to issue Term Finance Certificates (TFCs) worth Rs1 billion. The TFC issue has been approved by the State Bank....
Palm oil prices KUALA LUMPUR, Jan 27: Malaysian crude palm oil futures continued their steady advance on Friday ahead of a long market break, but the key contract remained below resistance at 1,450 ringgit....		Gold higher LONDON, Jan 27: Silver spiked to a 19-year high on Friday as fund managers poured money into the metal on speculation any launch of an exchange-traded fund (ETF) might spur demand, while gold hovered near last week’s 25-year peak....
Port Qasim KARACHI, Jan 27: Two vessels to load and offload containers and rice were berthed at the QICT and MPT during the last 24 hour, said a PQA press release on Friday....		Karachi Port operations KARACHI, Jan 27: Seven ships carrying steel cargo, soyabean meal and to load rice, naphtha and molasses are due to arrive at the outer anchorage on Saturday, according to KPT sources....