February 14, 2006	Tuesday	Muharram 15, 1427

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Service likely to start from June: Karachi-Mumbai ferry KARACHI, Feb 13: Land Ocean and Forbes, a company eyeing potential shipping business in the region, is said to have secured a licence for the Karachi-Mumbai ferry service....		Banks unable to offer long-term loans KARACHI, Feb 13: Banks have been facing problem in extending loans for long-term projects as the share of short term deposits with banks have increased substantially, said bankers and analysts....
Anti-dumping duty imposed on 13 Indian exporters ISLAMABAD, Feb 13: The National Tariff Commission (NTC) on Monday imposed 10.94 per cent ad valorem provisional anti-dumping duty on 13 Indian exporters of Phthalic Anhydride (PA) to Pakistan for a period of four months....		Poultry prices keep rising KARACHI, Feb 13: As all the wholesalers and retailers of essential commodities, especially sugar barons, did a roaring business during 1st to 10th of Muharram owing to high demand, poultry trade...
Hafeez woos investors at Singapore road-show: SNGP, SSGC ISLAMABAD, Feb 13: Privatization and Investment Minister Dr Abdul Hafeez Sheikh on Monday opened the first two-day road-show in Singapore to attract foreign investors for the privatization of SSGC and SNGP....		PM to be briefed again today: Safta ratification ISLAMABAD, Feb 13: The commerce ministry will give another presentation on Tuesday to the prime minister on the possible outcome of ratification of South Asia Free Trade Agreement (Safta) on the economy....
KSE index continues upward trend amid fresh buying KARACHI, Feb 13: The KSE 100-share index on Monday maintained its upward drive on fresh heavy buying in the leading base shares but the broader market was weak owing to active profit-selling in bank, auto and cement shares....		Spinners lift all lots below Rs2,600 KARACHI, Feb 13: Trading on the cotton market on Monday resumed on a firm note as spinners lifted all the lots offered by ginners below Rs2,600 per maund depending on quality....
OGDCL granted 3 exploration licences ISLAMABAD, Feb 13: The government on Monday granted three petroleum exploration licences to Oil and Gas Development Company Limited (OGDCL), an official announcement said....		Meeting to discuss BIT with US today ISLAMABAD, Feb 13: A high-level meeting will be held on Tuesday to consider the remaining undecided articles of the Bilateral Investment Treaty (BIT) with the United States....
Oil prices decline LONDON, Feb 13: World oil prices eased on Monday before a meeting in Moscow on Iran’s nuclear programme later in the week. New York’s main contract, light sweet crude for delivery in March, gave up 14 cents to $61.70...		State Bank injects Rs7.9bn KARACHI, Feb 13: The State Bank has once again injected liquidity into the banking system to provide only required amount and not allowing the overnight rate to come down....
US fails to end tax breaks: WTO GENEVA, Feb 13: The United States has failed to fall into line with a ruling in 2001 that declared certain corporate tax breaks to be an illegal export subsidy, the World Trade Organization said on Monday....		Dollar stable against euro LONDON, Feb 13: The dollar was stable against the euro on Monday as markets braced for a busy week in the United States, in particular for new Federal Reserve chairman Ben Bernanke’s maiden testimony on monetary policy....
European stock markets higher LONDON, Feb 13: European stock markets rose on Monday, with auto shares leading the pack on positive sentiment for the car sector. London’s FTSE 100 index of leading shares gained 0.24...		Karachi Port operations Karachi, Feb 13: Six ships carrying soyabean meal, chemicals and to load molasses are expected to arrive at the outer anchorage on Tuesday, according to the KPT sources....
EU upbeats on growth prospects BRUSSELS, Feb 13: European Union finance chiefs voiced optimism on Monday on prospects for Europe’s continuing recovery, on the eve of the latest figures for economic growth in the 25-member bloc....		IAPH team visits PQA KARACHI, Feb 13: A two-member delegation of International Association of Ports and Harbour (IAPH), led by its secretary general Dr Satoshi Inoue, on Monday visited Port Qasim....
Asian stocks close lower HONG KONG, Feb 13: Asian stocks closed mostly lower on Monday with the prospect of higher interest rates impacting on broad sentiment across the region as offshore investors continued to ignore Tokyo....		Gold falls in London LONDON, Feb 13: Gold fell 1.4 per cent to its lowest in nearly four weeks on Monday after plummeting in the previous session on persistent fund selling, but the drop encouraged jewellers to stock up, dealers said....
Palm oil ends slightly up KUALA LUMPUR, Feb 13: Malaysian crude palm oil futures closed slightly higher on Monday, rebounding from a weak start caused by soft prices of rival US soyaoil....		Accord signed KARACHI, Feb 13: Coca Cola Beverage Pakistan and MCB Bank have singed an agreement for cash management services. The agreement was signed by Mohammad Aftab Manzoor, president and chief executive of...