February 26, 2006	Sunday	Muharram 27, 1427

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Enrolments in Sindh schools fall despite huge spending KARACHI, Feb 25: The majority of Sindh’s young population is growing up without even basic education. This startling disclosure has been made in a recent World Bank report....		Payment summons stir unrest: Trade licence fee KARACHI, Feb 25: Shopkeepers and traders of the city, who had refused to pay the trade licence fee three years back, have now started receiving summons from the judicial magistrates to...
SBP to mull Islamic interbank market KARACHI, Feb 25: State Bank of Pakistan has assured to consider a proposal for development of Islamic interbank market which would enable the Islamic banks to meet their liquidity scarcity....		Readymade garments export declines 18pc ISLAMABAD, Feb 25: Pakistan’s export of readymade garments recorded a decline of 18.30 per cent to $99.453 million in January 2006 as against $121.736 million in the same month last year....
Oil import bill up by 65 per cent in seven months ISLAMABAD, Feb 25: The import bill of petroleum products rose by 65.48 per cent during the first seven months (July-Jan) of the current fiscal over the corresponding period last year thus putting more pressure on the country’s foreign exchange reserves....		Prices of essential items rise ISLAMABAD, Feb 25: The Sensitive Price Index (SPI) rose by 0.04 per cent during the week ending Feb 24, over the previous week, according to a weekly price data released by the Federal Bureau of Statistics (FBS) here on Saturday....
EU must allow takeovers BERLIN, Feb 25: European Union states must stop defending their national companies from foreign takeovers, Italian Economy Minister Giulio Tremonti said on Saturday, warning of dire consequences if protectionism went unchecked....		WTO help on food safety sought ISLAMABAD, Feb 25: Pakistan has sought technical assistance from the WTO to implement international standards on food safety and animal and plant health under the sanitary and phyto-sanitary standards (SPS)....
Pak Oman to take 51pc stakes KARACHI, Feb 25: Pak Oman Investment Company Limited would take 51 per cent stake in an asset management subsidiary to be floated in Pakistan. A press release issued by the company...		TCP gets three bids for sugar import KARACHI, Feb 25: The Trading Corporation of Pakistan (TCP) received three bids on Saturday for a tender to import 50,000 tons of white sugar, an official said....
CFS rates inch up on KSE KARACHI, Feb 25: The CFS rates on the Karachi Stock Exchange last week remained on the higher side as most of the financing operations were carried out at 18.00...		Lint prices ease on active selling KARACHI, Feb 25: Cotton market on Saturday showed an easy trend as ginners further lowered their prices in an apparent effort to clear the backlog of unsold stocks....
BD exports up 15pc in 2005 DHAKA, Feb 25: Bangladesh’s exports rose around 15 per cent to $4.945 billion in the second half of 2005 from $4.302 billion in the same period of the previous year, officials of the state-run Export Promotion Bureau (EPB) said on Saturday....		UK stocks to extend gains LONDON, Feb 25: London’s stock market could test 5,900 points for the first time in nearly five years next week with some of Britain’s biggest companies expected to post bumper earnings amid incessant takeover activity....
Karachi Port operations KARACHI, Feb 25: Three ships carrying containers and to load cement are due to arrive at the outer anchorage on Sunday, according to KPT sources. Another eight vessels including two ships...		Lanka plans office to market tea KARACHI, Feb 25: Sri Lankan Consul General Ms Manel De Silva has said that his country is planning to open an office in Karachi to market its tea in Pakistan....
ICMAP seminar KARACHI, Feb 25: The Institute of Cost and Management Accountants of Pakistan (ICMAP) organized a seminar on e-filing of tax returns here on Saturday. Addressing the seminar Member Technical, Customs, Excise...		Iran to grant gas contracts to European firms TEHRAN, Feb 25: Iran will next week grant Total, Shell and Repsol upstream development contracts in the giant South Pars gas field in the Gulf, an Iranian state oil firm said on Saturday....
Cotton farmers sue Monsanto for crop loss KANSAS CITY, Mo., Feb 25: More than 90 Texas cotton farmers have sued Monsanto Co. and two affiliated companies, claiming they suffered widespread crop losses because Monsanto failed to warn them of a defect in its genetically altered cotton product....		Stable prices key to high employment: Bernanke WASHINGTON, Feb 25: The US Federal Reserve needs to keep inflation low to meet its other mandated goals of high employment and moderate long-term interest rates, new Fed Chairman Ben Bernanke said on Friday....
White House welcomes delay in UAE ports deal WASHINGTON, Feb 25: Stung by a showdown with Congress, the White House on Friday welcomed what it said was a “slight” delay in the takeover of six US ports by an Arab firm....		Saudi shares shrug off attack, rise over 1pc RIYADH, Feb 25: Saudi shares rose more than 1 per cent in the Saturday morning session as investors shrugged off a foiled suicide attack on a giant oil facility in eastern Saudi Arabia....
Opec sees output at current levels MILAN, Feb 25: Opec countries should maintain oil output at current levels despite a surplus of supply but may trim production later, Opec President Edmund Daukoru said in an interview with an Italian newspaper published on Saturday....		Wall Street rattled by Saudi blast NEW YORK, Feb 25: Wall Street struggled on Friday as investors were rattled by a jump in oil prices following a report of an explosion at a Saudi oil refinery....