February 1, 2006	Wednesday	Muharram 2, 1427

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Govt moves against economic crimes: Agencies being equipped ISLAMABAD, Jan 31: The government is building necessary expertise to effectively fight the economic crimes in the field of unauthorized use of telecommunication facilities, spurious drugs and copyrights violations....		Dealers to bring 30,000 used cars in 2006 KARACHI, Jan 31: After the arrival of 12,500 used cars, jeeps and sports utility vehicles in the last six months under various schemes, car dealers are hoping to bring over 30,000 more used vehicles in 2006....
PTCL sell-off Etisalat again delays payment KARACHI, Jan 31: There is no word as yet from the UAE telecom giant ‘Etisalat’ for payment of upfront $1.4 billion for acquisition of 26 per cent shares and taking over...		SBP keeps refinance rate unchanged KARACHI, Jan 31: The State Bank on Tuesday left the export refinance rate unchanged for the month of February 2006 despite increased lending rates and higher inflation....
Stocks suffer modest fall after hitting new peak KARACHI, Jan 31: Stocks on Tuesday suffered modest pruning on the oil and fertilizer counters at the highly inflated levels but active buying at the dips averted major fall both in terms of value and index level, analysts said....		Listless trading on cotton market KARACHI, Jan 31: Cotton market on Tuesday lacked normal trading interest as spinners kept to the sidelines most of the time apparently anticipating fall in the prevailing prices....
Canada to raise investment ISLAMABAD, Jan 31: The Canadian High Commissioner to Pakistan David B. Collins has emphasized the need to explore the opportunities for enhancing Canadian investments in Pakistan....		Talks for removing CFS cap continue KARACHI, Jan 31: A decision on removal of cap of Rs25 billion on Continuous Funding System (CFS) had not been taken yet, but consultations with stakeholders on all matters were in...
Call to evolve margin financing system ISLAMABAD, Jan 31: Adviser to the Prime Minister on Finance Dr Salman Shah on Tuesday asked the Securities and Exchange Commission of Pakistan (SECP) to evolve a transparent, foolproof and effective...		OMO pushes up overnight rate KARACHI, Jan 31: The State Bank on Tuesday sucked up over Rs16 billion, pushing the money market to tight corners and sending the overnight rate to the highest level....
‘Economic indicators positive’ KARACHI, Jan 31: Sindh Governor Dr Ishratul Ibad Khan has advocated an invigorated interaction between businessmen and intellectuals to promote national unity and provincial harmony, in addition to strengthening the economic gains of the present regime....		July-Jan collection exceeds target ISLAMABAD, Jan 31: The Central Board of Revenue collected Rs361.6 billion during the July-Jan period of the current fiscal year as against the target of Rs358.6...
Bangladesh tea prices lower CHITTAGONG, Jan 31: The average price of Bangladesh teas fell 3.62 per cent to 73.44 taka ($1.1) per kg on poor quality at the weekly auction on Tuesday, brokers said....		Rice prices firm KARACHI, Jan 31; Pakistan rice prices firmed during the past week, with exporters expecting an increase in orders, dealers said on Tuesday....
Fed hikes rates WASHINGTON, Jan 31: The Federal Reserve on Tuesday hiked US interest rates for the 14th time running as Fed chairman Alan Greenspan signed off after nearly two decades in charge of the central bank.—AFP...		Karachi Port operations KARACHI, Jan 31: Four vessels to unload and load containers are due to arrive at the outer anchorage on Wednesday, according to KPT sources. For the second day in a row...