February 11, 2006	Saturday	Muharram 12, 1427

Please Visit our Sponsor (Ads open in separate window)

Export of nine items to Kabul declines ISLAMABAD, Feb 10: The export of nine major commodities mostly industrial goods — electronic, sanitary wares, steel products, paints and construction materials — to Afghanistan registered a decline during the first...		US should give better market access: Businessmen hail waiver on export curbs KARACHI, Feb 10: While businessmen hail the US move on lifting restriction on exports to Pakistan, they feel that it should have done more—in terms of concession in duty and a...
Rising Kibor pushes up interest rates KARACHI, Feb 10: Average six-month Kibor (Karachi inter-bank offered rate) shot up to 9.14 per cent in December 2005 from 5.92 per cent in December 2004, showing an increase of 322 basis points in the last calendar year....		India, Brazil, S. Africa urged to open markets ISLAMABAD, Feb 10: The European Union has urged India, Brazil and South Africa (G-20 member countries) to open their markets more for the products coming from developed and developing countries....
KSE index crosses 11,000-point barrier KARACHI, Feb 10: The KSE-100 index crossed the barrier of 11,000 points on Friday, keeping up its bull-run to the highest ever levels....		ABAMCO announces results of 10 funds KARACHI, Feb 10: ABAMCO Limited that holds Rs26.50 billion under its management -– the highest in the private sector — announced results for the second quarter of its 10 (five open-end and five closed-end) funds on Friday....
India to sell 0.5m tons sugar this year MUMBAI, Feb 10: India, one of the world’s leading sugar producers, is expected to export at least 500,000 tons of the commodity in this year mainly to neighbouring countries like Pakistan, a trade official said on Friday....		US trade deficit hits new record WASHINGTON, Feb 10: The US trade deficit hit a new record in 2005 on surging oil imports and a big jump in Chinese imports, data showed on Friday, prompting fresh economic concerns and protests about China’s trade practices....
Fashion design deal inked with France PARIS, Feb 10: Pakistan and the French Federation for Ready to Wear Women Garments have decided to formalize cooperation and collaboration for exchange of knowledge and skills and promotion of business between French and Pakistani garment industries....		WTO rejects US complaint GENEVA, Feb 10: A World Trade Organization panel on Friday rejected a US complaint against alleged disparities in the application of the European Union’s customs system, trade sources said....
SBP injects Rs21bn to ease liquidity KARACHI, Feb 10: The State Bank on Friday injected another huge amount of liquidity which was second in this week but the response of the ‘dry market’ was unchanged as the overnight rate remained at the highest level of 8.9...		Steady conditions on cotton market KARACHI, Feb 10: Steady conditions prevailed on the cotton market when trading resumed on Friday. Spinners and some exporters moved into the ring to meet their immediate future needs but prices remained firm at the previous level....
Railways to buy new container wagons LAHORE, Feb 10: The Pakistan Railways has decided to accommodate 600 new flat container wagons in an effort to make its freight sector in accordance with the modern era....		Greenspan still making impact WASHINGTON, Feb 10: Former Federal Reserve chairman Alan Greenspan has shown he can still impact financial markets even after leaving the helm of the powerful US central bank....
G8 finance chiefs in Russia MOSCOW, Feb 10: Finance chiefs from the world’s leading industrial nations kick off two days of discussions here on Friday focused squarely on mounting Western concern over the Kremlin’s swelling clout in world oil and gas markets....		Leading WTO states to meet next month GENEVA, Feb 10: The six leading members of the World Trade Organization are to meet in London in March in an attempt to spur movement in the Doha round of trade liberalization talks, diplomatic sources told AFP on Friday....
Asia Oceania meeting KARACHI, Feb 10: Nineteen international speakers representing 10 countries are expected to speak and present their papers at the 7th Asia Oceania regional meeting and forum being held under the umbrella...		Website KARACHI: Mobilink, a leading mobile phone service provider of the country, has recently launched its revamped corporate website (www. mobilinkgsm. com), says a press release....
Indian rupee rises MUMBAI, Feb 10: The rupee rose on Friday bolstered by the yen’s surge against the dollar and rising foreign capital inflows but traders said state-run banks acting on behalf of the central bank checked a sharp rally....		Palm oil prices KUALA LUMPUR, Feb 10: Malaysia’s crude palm oil futures rebounded from early losses to close slightly higher on Friday, helped by data showing a drop in domestic stocks....
Asian stocks close lower HONG KONG, Feb 10: Asian stocks closed lower on Friday with fears of further interest rate rises in the United States again haunting the markets and sidelining buyers, dealers said....		European stock markets mixed LONDON, Feb 10: European stock markets showed mixed fortunes on Friday after a Wall Street rally had faded overnight. London’s FTSE 100 index of leading shares dipped 0.07...