February 15, 2006	Wednesday	Muharram 16, 1427

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Seven-month petrol sales dip by 11pc: Cut in PDL urged KARACHI, FEB 14: The government is netting Rs23.45 per litre on sale of petrol in the form of taxes and duties as against Rs25 in December 2005....		Inflation continues upward journey ISLAMABAD, Feb 14: Inflation stood at 8.48 per cent year-on-year during the seven months of the fiscal year 2005-06 mainly due to increase in the prices of sugar, pulses, education and transport....
$279m spent on overseas tours in July-Sept KARACHI, Feb 14: During July-September 2005, Pakistanis travelling abroad spent $279 million, up from $236 million in a year-ago period, analysis of the balance of payments reveals....		Exporters warned not to use unwanted dyes ISLAMABAD, Feb 14: The government on Tuesday warned exporters to stop using unauthorized dyes in food products following threats from the European Union (EU) to put a ban on such products....
Selling spree compels KSE index to shed 298 points KARACHI, Feb 14: The KSE 100-share index on Tuesday plunged by 298 points or 2.6 per cent on massive selling in the leading base shares, eroding Rs81 billon from the market capital but there were buyers at the dips....		Active buying helps cotton prices to remain stable KARACHI, Feb 14: Cotton prices on Tuesday remained stable around the previous levels as spinners and mills remained active buyers for the quality lots to cover their forward foreign textile sales....
‘Pakistan offers best returns in Asia’ SINGAPORE, Feb 14: Asia’s frontier markets Pakistan and Vietnam, offer investors some of the best potential returns in the region, said Spencer White, Merrill Lynch’s chief Asia equity strategist on Tuesday....		Ports need to improve facilities for meeting cargo rush KARACHI, Feb 14: Ports and shipping experts have recommended development and upgradation of infrastructure at ports to match the demands of the rapidly growing external trade....
Textile City to cut cost of production ISLAMABAD, Feb 14: Prime Minister Shaukat Aziz said on Tuesday the government would provide state-of-the-art facilities at the Textile City being set up at Karachi to help increase production and competitiveness of the products....		BD offered powerlooms at cheaper rates ISLAMABAD, Feb 14: Pakistan will provide powerlooms and spare parts at competitive prices to Bangladesh. This was stated by Minister for Textile Industry Mushtaq Ali Cheema while talking to a 35-member...
Inter-bank deals timings extended KARACHI, Feb 14: The State Bank has decided to extend the cut-off time for the settlement of inter-bank deals. The SBP issued a circular on Tuesday which carries instructions for banks...		UK inflation LONDON, Feb 14: British 12-month inflation remained at 1.9 per cent in January, official figures showed Tuesday, despite rising fuel costs. December’s figure was revised down from an initial reading of 2.0...
Trade team to visit India via Khokhrapar KARACHI, Feb 14: A delegation of the Karachi Chamber of Commerce and Industry will visit India through Khokhrapar-Munabao border to review the progress on the implementation of various trade agreements among the Saarc member states....		Govt to subsidize irrigation system KARACHI, Feb 14: The Sindh government will subsidize sprinkle and trickle irrigation systems by 80 per cent to conserve water and improve crop yield and quality....
BRL buys Canadian heater KARACHI, Feb 14: Bosicor Refinery Limited (BRL) has signed a contract with Born Heaters of Canada for the supply of a 35,000-barrel per day capacity CDU fired furnace heater for its refinery situated at Hub, Balochistan....		Gold falls to 5-week lows LONDON, Feb 14: Gold dropped to a five-week low on Tuesday on selling by speculative traders and fund managers but rebounded in Europe as the dip attracted fresh buyers....
Palm oil up KUALA LUMPUR, Feb 14: Malaysian crude palm oil futures defied weaker prices of rival US soyaoil to stay firm on Tuesday as players bet that falling output and rising exports will sharply cut stocks over the next month....		Karachi Port operations KARACHI, Feb 14: Eight ships carrying cars, containers and to load naptha are due to arrive at the outer anchorage on Wednesday, according to the KPT sources....