March 16, 2006	Thursday	Safar 15, 1427

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EU, US policymakers struggle to repair ties BRUSSELS, March 15: Three years after their acrimonious public clash over the US-led invasion of Iraq, European and American policymakers are engaged in a long, uphill struggle to repair the bruised and battered transatlantic relationship....		Daewoo keen to operate CNG buses ISLAMABAD, March 15: The Daewoo Corporation of South Korea is keen to operate CNG buses in Pakistan. This was stated by President of Daewoo Lee Jae Bying during a meeting with...
Urea contractor fails to meet supply deadline MULTAN, March 15: The urea contracted for import by the Trading Corporation of Pakistan (TCP) in February this year could not reach the country by its cut-off date, that was, March 13....		No change in oil prices despite cut in margin KARACHI, March 15: Despite a 20 per cent reduction in oil marketing companies (OMCs) and dealers’ margin under new pricing formula-the prices of all the petroleum products have been kept unchanged on Wednesday....
Revenue from excise duty up ISLAMABAD, March 15: The Central Board of Revenue (CBR) has raised around 90 per cent of Federal Excise Duty (FED) from five commodities during the first half of the current fiscal as against the same period of last year....		COMMENT: Money power puts NAB, CBR on retreat KARACHI, March 15: The two powerful institutions of the country — the National Accountability Bureau (NAB) and the Central Board of Revenue (CBR) — took such a hasty and quick retreat...
Profit-selling halts recovery drive on stock market KARACHI, March 15: Stocks on Wednesday failed to extend the overnight run-up as the weakness of oil shares and National Bank spilled over to other blue chip counters followed by active...		Lint prices ease on active selling KARACHI, March 15: Cotton prices on Wednesday eased from the overnight levels on selling by some of the ginners ahead of TCP’s tender for the sale of 50,000 bales on Thursday....
Wholesale prices up 9.94pc in February ISLAMABAD, March 15: The wholesale price of major commodities increased by 9.94 per cent in February, over the same month last year. Official figures available with Dawn indicated that the wholesale price rose by 0.77...		State Bank sucks up Rs25bn KARACHI, March 15: The State Bank on Wednesday siphoned off liquidity four times higher than its target for auction of treasury bills but no change was noted in cut-off yield of the bills....
Oil prices decline LONDON, March 15: World oil prices slid further on Wednesday after news that stockpiles of US crude oil jumped for the fifth week in a row to a fresh seven-year high point, dealers said....		Support to vocational training institutes KARACHI, March 15: The Export Promotion Bureau has promised full government support to institutions impacting vocational training in different skills. Speaking at a prize and diploma distribution ceremony of the Pakistan...
India books space at food show KARACHI, March 15: The Agriculture and Processed Food Products Export Development Authority of India has reserved a larger space this year to exhibit products of its member companies in the co-located...		Karachi Port operations KARACHI, March 15: Four ships including a car carrier are due to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was active where...
Yemen president KARACHI, March 15: Ambassador of Yemen Abdullah Elah Mohamed Hajar has said that Yemen’s President Ali Abdullah Saleh will visit Pakistan early next month to further foster bilateral relations between the two countries....		Call to expedite port projects KARACHI, March 15: Minister for Ports and Shipping Babar Khan Ghouri on Wednesday emphasized the need for fast implementation of the development projects at Port Qasim....
Award for HBL chief KARACHI, March 15: Zakir Mahmood, President and CEO of Habib Bank, has been awarded ‘The Asian Banker Achievement Award 2005’ for leadership in Pakistan. The award has been initiated by the...		Asian stocks close higher HONG KONG, March 15: Asian stocks closed mostly higher on Wednesday after solid gains were registered on Wall Street where the latest economic data eased persistent fears of higher interest rates to come....
CAA’s record surplus KARACHI, March 15: The Civil Aviation Authority (CAA) hopes to record a surplus of Rs4.5 billion during the current financial year, a meeting of the CAA board held under the chairmanship of Lt Gen (retd) Tariq Waseem was informed on Wednesday....		Gold prices down LONDON, March 15: Silver climbed in Europe on Wednesday as investors bought, taking the volatile market within reach of a recent 22-year peak at $10.31 a troy ounce....