January 29, 2006	Sunday	Zilhaj 28, 1426

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PM calls for improving logistics chain ISLAMABAD, Jan 28: Prime Minister Shaukat Aziz on Saturday directed all relevant agencies to move promptly on re-designing of procedures and processes, strengthening of infrastructure to improve the logistics chain to...		Karachi Port, PQ likely to cut tariffs KARACHI, Jan 28: In a major move, country’s two primary ports -– Karachi and Qasim — are expected to substantially reduce their tariffs in order to compete with other ports of the region, informed sources said here on Saturday....
Readymade garments export declining ISLAMABAD, Jan 28: Pakistan’s export of readymade garments recorded a decline of 4.92 per cent during the month of December 2005 over the same month of the last year....		Stocks offer highest returns KARACHI, Jan 28: Excepting the ‘real estate’ business, where the real amount of returns is shrouded in mystery over the last five and 10-year period, Pakistan’s stock market has offered the...
National savings rates not revised: Widows, pensioners’ income reduced KARACHI, Jan 28: The directorate of National Savings, which was expected to revise rates on its schemes in the first week of January, has neither notified the change, nor bothered to explain the delay in the decision eagerly awaited by investors....		Import bill of POL products rises 62pc ISLAMABAD, Jan 28: The import bill of petroleum products rose by 62.01 per cent during the first half (July-Dec) of the current fiscal, over the same period last year, thus putting more pressure on country’s foreign exchange reserves....
Little change in essentials’ prices ISLAMABAD, Jan 28: The Sensitive Price Index (SPI) showed a decline of 0.70 per cent during the week ended Jan 27, 2006, resulting into minor reductions in prices of some kitchen items....		President hopeful of increased investment from EU ONBOARD PRESIDENT’S SPECIAL AIRCRAFT, Jan 28: Describing his visit to Norway and Switzerland as productive, President Pervez Musharraf on Saturday expressed the hope for an increased inflow of foreign investment from the powerful European economies....
Trade authority to replace CTG ISLAMABAD, Jan 28: The government is likely to do away with the Commerce and Trade Group (CTG) in the wake of restructuring of the Export Promotion Bureau (EPB)....		SECP, KSE discuss issues KARACHI, Jan 28: Securities and Exchange Commission of Pakistan chairman Razi-ur-Rahman Khan has expressed satisfaction in the working relationship between the Karachi Stock Exchange (KSE) and the regulator....
S. Arabia using oil card to cement relations with Asia RIYADH, Jan 28: Energy diplomacy is out in full force to conquer new Himalayas. Saudi Arabia, the major player on the global energy scene, is using its energy card to cement relations with major upcoming powers in the East....		Some ginners lower asking prices KARACHI, Jan 28: The cotton market on Saturday eased modestly from the current higher levels as some of the ginners holding long unsold position lowered their asking prices to attract fresh buying from spinners....
CFS rates show fractional decline KARACHI, Jan 28: Despite higher demand for funding the bull market, rates under the CFS remained capped at the upper limit of Rs24.6 billion on the Karachi Stock Exchange during the last week....		Karachi Port operations KARACHI, Jan 28: Seven ships, including a car carrier with 405 units, are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
Boeing to invest in support services NEW DELHI, Jan 28: US-based aircraft manufacturer Boeing on Friday announced plans to invest $185m for maintenance, repair, overhaul facilities, pilot training and engineering support services in India....		Revenue collection up ISLAMABAD, Jan 28: The Central Board of Revenue has collected Rs323.028 billion revenue during the first half of the current fiscal year as against Rs262.490 billion in the same period last year, indicating an increase of 23.1...
NTC hearing ISLAMABAD, Jan 28: The National Tariff Commission (NTC) is holding a public hearing on Feb 15 to consider an appeal seeking reduction in customs duty on import of glass from 25 per cent to an adequate level....		Saudi bank to launch two funds RIYADH, Jan 28: Saudi Arabia’s largest listed bank al-Rajhi will soon launch two equity investment funds for emerging markets, it said on Saturday. The two funds, one for India and China...
Poor funding of rich seen as unsustainable DAVOS, Jan 28: Massive flows of capital from the emerging to the developed world are unsustainable and risk damaging both poor and rich countries, some of the world’s top finance officials said on Saturday....		39pc rise in exports to China BEIJING, Jan 28: Pakistan’s exports to China showed an upward trend, registering an increase of about 39.2 per cent last year, according to the Chinese Customs authority....
Metals’ prices race to historic high points, oil falls LONDON, Jan 28: Metals prices raced to historic high points this week on strong buying by investment funds, while crude futures slid on profit-taking having briefly soared above 69 dollars per barrel in New York....		NY silver surges to 19-year high NEW YORK, Jan 28: Silver futures rallied to another 19-year high on Friday, then stumbled to end unchanged despite enthusiasm about a proposed silver-backed financial product aimed at making it easy to invest in the metal....
Arcelor to decide on Mittal’s bid today LUXEMBOURG, Jan 28: Arcelor’s board will meet on Sunday to decide on a response to Mittal Steel’s surprise hostile bid, a board member told Reuters on Saturday, adding he expected the group to reject the offer....		Afghanistan seeks $4bn aid for rebuilding LONDON, Jan 28: Afghan President Hamid Karzai will ask the international community to commit $4 billion more to boost reconstruction of his country at a donor conference in London on Tuesday....
‘Asset price signals need watching’ TOKYO, Jan 28: The Bank of Japan (BoJ) should carefully monitor the signals sent out by asset prices, BoJ board member Atsushi Mizuno was quoted as saying by a business daily....		Opec to maintain output quota ALGIERS, Jan 28: Opec will maintain its current production quota at next week’s meeting, Algeria’s oil minister said on Saturday....
$134m Deutsche Bank US trading settlement NEW YORK, Jan 28: The asset management unit of Deutsche Bank AG said on Friday that it and a broker dealer affiliate expect to pay $134 million to settle investigations into improper trading in its Scudder Funds....		Karachi market rates KARACHI, Jan 28: The following were Saturday’s commodity market rates in rupees....