March 4, 2006	Saturday	Safar 3, 1427

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Industrial production in Karachi plunges KARACHI, March 3: Industrial production on Friday nosedived to 10-30 per cent in the city’s big industrial estates, while in some other industrial areas it remained at 50 per cent because...		Dubai operators for Gwadar port opposed KARACHI, March 3: Experts on ports and shipping sector are not favouring the handing over of the operations of Gwadar port to a Dubai company which already has vital stakes and...
Trade surplus with US up by 16.5 per cent ISLAMABAD, March 3: Pakistan’s trade surplus with the United States increased by 16.52 per cent to $1.883 billion in 2004-05 over $1.616 billion achieved in the previous year....		US presses India to open economy NEW DELHI, March 3: US President George W. Bush urged India on Friday to move decisively to open up its economy while pledging the United States would not give in to domestic protectionist pressures....
Stocks finish weekend session with modest recovery KARACHI, March 3: Stocks were back on the rails as the weekend session witnessed a good bit of covering purchases on the selected counters ahead of President Bush’s visit....		Insipid conditions on cotton market KARACHI, March 3: Trading activity on the cotton market remained at a low ebb as buyers and sellers kept to the sidelines owing partly to delivery problems and partly to country-wide strike....
Pakistan to seek US help for QIZs in tribal areas ISLAMABAD, March 3: Pakistan will seek United States’ help for the establishment of qualified industrial zones (QIZs) in tribal and other terrorist-prone areas to reduce the incidence of poverty and extremism....		CBR hopes to surpass revenue target ISLAMABAD, March 3: The revenue collection will reach around Rs705 billion during the current fiscal year as against the projected target of Rs690 billion set for 2005-06, an increase of Rs15 billion over the target....
Dollar gains 5 paisa against rupee KARACHI, March 3: Greenback gained strength on Friday as it added to its value at least five paisa in the interbank currency market. However, the main reason for the increase was...		Emerging economies to overtake G7 FRANKFURT, March 3: China and other emerging economies will soon catch up or even overtake the leading western industrialised nations as the world’s biggest economies by 2050, a study showed on Friday....
Pakistan, US to ink goods clearance pact today ISLAMABAD March 3: Pakistan and the United States will sign an agreement on Saturday to facilitate immediate clearance of Pakistani export products at US ports....		Oil prices rise LONDON, March 3: World oil prices rose for the fourth day in a row on Friday as traders fretted over crude supplies from major exporter Iran....
$130 million investment NEW DELHI, March 3: Promising a second “green revolution”, US President George W. Bush announced on Friday an investment of $130m to boost Indian agriculture and biotechnology as he wrapped up a visit here....		US can take China trade disputes to WTO: envoy BEIJING, March 3: The United States will not hesitate to take China to the World Trade Organization (WTO), a US envoy said on Friday, warning the Asian giant can no longer expect to evade global trade rules....
Eurozone growth BRUSSELS, March 3: Eurozone economic activity slowed in the final quarter of last year but the 12 nations using the euro will enjoy a pick up in the quarter ahead, official EU data showed on Friday....		KSE’s new 30-Index KARACHI: M A Lodhi, managing director KSE, has said that the bourse will introduce its third index as 30-Index within next two to three months. He was delivering a speech on...
Palm oil prices down KUALA LUMPUR, March 3: Malaysian palm oil reversed early gains to close down for a third straight day on Friday as rival soyaoil took fresh losses in Asian trade....		London sugar edges up LONDON, March 3: London white sugar futures edged up in light trade on local speculative buying towards on Friday as the market awaited the opening of the New York raw sugar futures market, traders said....
European stock markets climb LONDON, March 3: European stock markets rose on Friday, shrugging off an overnight drop on Wall Street amid rising oil prices, while London investors examined speculation of a potential takeover of BT Group....		Asian stocks close lower HONG KONG, March 3: Asian stocks closed mostly lower on Friday after US stocks lost ground overnight in response to a jump in long-term interest rates, and a spike in crude oil prices, dealers said....
Port Qasim KARACHI, March 3: Two ships with chemicals and containers were allotted berths at Marginal Wharf and QICT during the last 24 hours, said a PQA press release on Friday....		Karachi Port operations KARACHI, March 3: Five ships carrying chemicals, steel coils and soyabean meal are due to arrive at the outer anchorage on Saturday, according to KPT sources....