February 24, 2006	Friday	Muharram 25, 1427

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Credit cards proving to be too costly KARACHI, Feb 23: Credit card users have been losing millions of rupees on daily basis in the name of late payment, outstanding charges, transaction charges even before activation of cards, misuse...		Sindh to sell 0.12m tons wheat to Balochistan: To create storage space KARACHI, Feb 23: The Sindh government waits desperately for a go-ahead signal from Balochistan to deliver 120,000 tons of wheat from its official stocks so that some space is created in the storage houses for fresh procurement from the next crop....
Poultry prices drop amid bird flu fears KARACHI, Feb 23: Stakeholders in poultry business have reduced the price of live birds by Rs4 per kg to Rs54 from Rs58 per kg. As a result, the price of poultry meat has declined to Rs85-90 from Rs95-100 per kg earlier....		India not ready to eliminate non-tariff barriers ISLAMABAD, Feb 23: The Indian government is reluctant to implement the proposals of study groups seeking a complete elimination of non-tariff barriers (NTBs) and para-tariffs, which restricts entry of Pakistani products into India....
Stocks gain 165 points on heavy buying in oil shares KARACHI, Feb 23: After a brief interruption, stocks on Thursday were back on the rails boosted by reports of new oil and gas finds in the NWFP province and higher corporate payouts by the banking sector....		Prices stay firm on cotton market KARACHI, Feb 23: Cotton market on Thursday maintained a firm outlook as ginners held on to their positions aided by perception of a short crop and fresh rise in prices in the coming weeks....
EC may further cut duty on bedlinen KARACHI, Feb 23: The European Commission is expected to further reduce anti-dumping duty of 13.1 imposed on Pakistan’s bedlinen about two years ago on a complaint lodged by Eurocoton that it was causing injury to its member textile units....		PTCL profit down by 25pc ISLAMABAD, Feb 23: Pakistan Telecommunication Company Ltd (PTCL) saw a 10.2 per cent decline in its revenue in the first half of the current financial year over the corresponding period last year....
EoI, SoQ date for NPCC extended ISLAMABAD, Feb 23: The Privatization Commission has extended the date for the submission of expression of interest (EoI) and statement of qualification (SoQ) for the privatization of National Power Construction Corporation (Pvt) Ltd (NPCC) up to March 20....		UBL earns record after tax profit KARACHI, Feb 23: United Bank Limited on Thursday announced a record after tax profit of Rs5.9 billion for the financial year ended December 31, 2005 compared to Rs3.7...
OGDC profit up 28pc to Rs20.305bn ISLAMABAD, Feb 23: Oil and Gas Development Company Limited (OGDCL) posted a 28 per cent increase in its after tax profit to Rs20.305 billion for the first half ended December 31, 2005 compared to Rs15.779...		HBFC in Gwadar KARACHI, Feb 23: The House Building Finance Corporation (HBFC) has recently opened its branch in Gwadar. The branch was formally inaugurated by Gwadar District Nazim Mir Abdul Ghafoor Kalmati and the...
London gold LONDON, Feb 23: Gold prices eased into a narrow range on Thursday, midway between the high and the low for the month, as the market searched for fresh impetus, dealers said....		Karachi Port operations KARACHI, Feb 23: Three ships including Long He, with 7,800 tons of sugar are due to arrive at the outer anchorage on Friday, according to KPT sources....