March 9, 2006	Thursday	Safar 8, 1427

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Non-textile exports to Japan urged KARACHI, March 8: Calling Japan a difficult market, Commerce Minister Humayun Akhtar Khan said on Wednesday that Tokyo did not respond to Islamabad’s proposal of entering into a bilateral preferential trade arrangement....		Bush urges ABC to lure new US investors KARACHI, March 8: President American Business Council (ABC) Zubyr Soomro said on Wednesday that the Intellectual Property Right (IPR) was the main topic of discussions during the meeting of US President George W....
KSE index plunges record 491 points KARACHI, March 8: The KSE 100-share index on Wednesday again suffered a major drop from the overnight higher levels, off 491.00 points or 4.43 per cent on panic-selling by leading investors....		Suggestions sought for cotton vision KARACHI, March 8: Food, Agriculture and Livestock Minister Skinder Hayat Bosan on Wednesday said that his ministry was working on a ‘cotton vision’ and it would be finalized after taking input from all stakeholders....
Inflation crosses 10pc mark in six cities KARACHI, March 8: Whereas inflation in the entire country never crossed the nine per cent mark in the first seven months of this fiscal year—some cities are experiencing double-digit inflation, analysis...		Opec maintains quota; Iran ambiguous over oil exports VIENNA, March 8: Opec kept its oil output quota at a near 25-year high here on Wednesday, as major energy producer Iran blew hot and cold on whether it would halt crude exports if punished over its nuclear programme....
Liquidity shortage persists KARACHI, March 8: The money market remained tight on Wednesday which kept the overnight rate at above 8 per cent. Market experts said the scarcity of liquidity pushed up the demand...		BIT with US in a couple of months: PM LONDON, March 8: Prime Minister Shaukat Aziz on Wednesday said US President George W. Bush’s recent visit to Pakistan would help further strengthen the existing relations between the two countries, especially economic ties....
Call for better strategic planning Karachi, March 8: Speakers at the 10th Management Convention, organized by the Management Association of Pakistan (MAP), have emphasized the need for better strategic planning by the political and corporate leadership...		Investment in textiles sought ISLAMABAD, March 8: Textile Industry Minister Mushtaq Ali Cheema has urged overseas Pakistanis to invest in the textile sector of the country. He was talking to a 20-member delegation of overseas businessmen, led by UK-based businessman Mohammad Arshad, here on Wednesday....
Lint prices lowered to attract buyers KARACHI, March 8: Cotton prices on Wednesday suffered fresh modest fall as some of the ginners lowered their asking prices to attract buyers who had withdrawn to sidelines for the last couple of sessions....		Asian stocks close lower HONG KONG, March 8: Asian stocks closed lower on Wednesday with the sell-down continuing after a mixed finish by Wall Street where the bond market has signalled the prospect of higher interest rates....
Karachi Port operations KARACHI, March 8: Six ships carrying general cargo, chemicals and to load rice are due to arrive at the outer anchorage on Thursday, according to KPT sources....		Port Qasim KARACHI, March 8: Three ships carrying containers and diesel oil arrived at outer anchorage during the last 24 hours, said a PQA press release on Wednesday....
European stock markets weaken LONDON, March 8: European stock markets sank on Wednesday despite a batch of solid earnings, with London shares hit by several companies trading ex-dividend. London’s FTSE 100 index of leading shares sank 1.07...		Palm oil at 4-week lows KUALA LUMPUR, March 8: Malaysian crude palm oil futures hit 4-week lows on Wednesday, ending down for a seven straight day, as players sought a realistic level for the market....
Kuwait state body to buy funds KUWAIT, March 8: State-owned Kuwait Investment Authority (KIA) will increase its stakes in investment funds after recent steep declines on the stock exchange, the country’s finance minister said on Wednesday....		Karachi market rates KARACHI, March 8: The following were Wednesday’s commodity market rates in rupees....