February 7, 2006	Tuesday	Muharram 8, 1427

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Pakistani ports are competitive, says expert KARACHI, Feb 6: An international expert on Ports and Shipping Marc Abeille has brushed aside the general impression that Pakistan’s premier ports — Karachi and Qasim — are costlier than other ports of the region....		TCP accused of being biased in urea contracts MULTAN, Feb 6: An entrepreneur is leaving no stone unturned in futility to supply imported urea at rates far below the prices at which the Trading Corporation of Pakistan has been...
Current account deficit rises to $2.9 billion KARACHI, Feb 6: The ballooning trade deficit has sent a warning signal to the country’s balance of payments position as it showed a negative figure of $2.9...		Engg sector lures Saudi investors Al-KHOBAR (Saudi Arabia), Feb 6: The engineering sector in Pakistan is attracting attention of a number of major Saudi companies. With the expectation that the Pakistani engineering sector is in for...
Import of used buses hits local industry KARACHI, Feb 6: As the local bus assemblers are already facing a production slowdown because of suspension of the Urban Transport Scheme (UTS), they say that their financial viability is further...		Govt giving Rs11bn subsidy on urea MULTAN, Feb 6: Federal agriculture minister Sikander Hayat Bosan has said that the government has been providing a subsidy of Rs11 billion to the growers on urea in order to make the fertilizer available at cheap rates....
Index sets new record, crosses 10,800-point barrier KARACHI, Feb 6: Stocks on Monday resumed trading on a bullish note as investors were not inclined to take even an overdue technical breather, allowing the index to set a new record beyond the barrier of 10,800 points....		Prices remain steady on cotton market KARACHI, Feb 6: Trading on the cotton market on Monday resumed on a steady note as spinners and mills extended strong support at the rising prices amid fears of pressure on supplies....
CLRC to review Companies Ordinance ISLAMABAD, Feb 6: The Corporate Law Review Commission (CLRC) will hold its first regional public meeting in Karachi next month for inviting stakeholders’ comments in order to integrate the local factor and international best practises while reviewing the Companies Ordinance 1984....		Trade with UAE KARACHI, Feb 6: Leading UAE-based companies have shown interest in investing in Pakistan. Trade statistics of the last five years revealed an encouraging trend in bilateral trade between Pakistan and the United Arab Emirates....
20pc UBL public offers on cards KARACHI, Feb 6: The Pakistan government plans to sell 20 per cent of United Bank Ltd (UBL), reducing its stake to 24.5 per cent, a Privatization Commission official said on Monday....		Offshore bonds HONG KONG, Feb 6: Pakistan has invited bids from investment banks to arrange an offshore bond issue, its third foray into the international market since February 2004, banking sources said on Monday....
Trichet eyes sustained economic growth LONDON, Feb 6: European Central Bank president Jean-Claude Trichet predicted on Monday that the recent improvement in eurozone growth was likely to continue. Addressing a conference here on the annual state...		Certification for SME products KARACHI, Feb 6: The Union of Small and Medium Enterprises (Unisame) has urged the Pakistan Standard and Quality Control Authority (PSQCA) to provide to promote SME sector and provide them facilities to enable them register their products with the authority....
Correction IN the Dawn advertisement supplement on foreign investment in Pakistan (part two) which came out on January 31 the message of Vice-Admiral Asad Qureshi, Chairman, Port Qasim Authority, given to the...		Youth job plans PARIS, Feb 6: The French government faces a tough test of its efforts to loosen labour market rules on Tuesday, as students, unions and the left-wing opposition take to the streets to fight a proposed youth job contract....
Investment rules BRUSSELS, Feb 6: The European Union’s executive unveiled plans on Monday to make it easier for investors to shop around for securities across EU borders and increase competition by banks and brokerages....		Karachi Port operations KARACHI, Feb 6: Nine vessels carrying containers, coal and general cargo are due to arrive at the outer anchorage on Tuesday, according to KPT sources. Berthing activity at the wharves was...
Asian stocks close higher, shrug off Wall Street HONG KONG, Feb 6: Asian stocks shrugged off a weak performance by Wall Street to close sharply higher on Monday with Mumbai notching-up a record day after breaking the historic 10,000-point level....		Palm oil up KUALA LUMPUR, Feb 6: Malaysian crude palm oil futures closed higher on Monday, chasing firmer prices of rival US soyaoil. The benchmark third-month crude palm oil on Bursa Malaysia Derivatives, April, ended up 13 ringgit at 1,451 ringgit ($387.97)...