March 17, 2006	Friday	Safar 16, 1427

Please Visit our Sponsor (Ads open in separate window)

Bidding of PS set for 31st ISLAMABAD, March 16: The Privatization Commission has sent the share purchase agreement to all the five pre-qualified bidders for the privatization Pakistan Steel Mills Corporation scheduled for March 31, 2006....		Deadline for sugar licence extended KARACHI, March 16: The Sindh Food Department has given wholesalers another 15 days time to get separate licences for sugar trade. The extension was granted in a meeting of the Karachi...
Apparel makers exploring Sri Lanka market KARACHI, March 16: Pakistan apparel manufacturers are exploring investment opportunities in Sri Lanka amidst reports that the European Union is considering to bring down value addition criterion to 35 per cent for Sri Lanka under the GSP Plus scheme....		LTU collection up by 49pc KARACHI, March 16: The Large Taxpayers Unit (LTU), Karachi, recorded an increase of Rs24.402 billion or 49 per cent in revenue collection during the last eight months (July-Feb) of the current fiscal year as compared to Rs16.427...
Sovereign bond launching on 24th KARACHI, March 16: Pakistan will launch a sovereign dollar bond on March 24, aimed at setting up a benchmark yield curve, a senior government official said on Thursday....		Rupee down 0.9pc since July KARACHI, March 16: The rupee has lost more than 0.3 per cent of its value against the US dollar in the inter-bank market so far during this week....
Stocks gain 296 points on selective buying KARACHI, March 16: Heavy buying in the oil and cement shares put the market back on the rails and analysts said it could well prove a takeoff point for its onward thrust to the pre-reaction index level....		EoIs invited for Heavy Mechanical Complex ISLAMABAD, March 16: The Privatization Commission has invited expressions of interest (EoIs) from prospective investors — mechanical engineering and or industrial companies and groups, consortium of investors who can demonstrate their...
Cotton market turns dull on TCP tender KARACHI, March 16: Cotton market on Thursday lacked normal trading interest as spinners and mills remained busy with the TCP tender and offered their bid prices for various lots....		China keen to invest more in Pakistan ISLAMABAD, March 16: Deputy Director General of Ministry of Commerce of China Mrs Liu Yingjun said on Thursday that the Chinese government encouraged public and private sector to actively take part in Pakistani based projects....
Token strike in HBL KARACHI, March 16: Habib Bank Ltd. (HBL), for the first time after privatization, is faced with a challenge as the recent retrenchment of 2,300 employees has not been accepted by the workers’ union....		NA body mulls EPB revamping ISLAMABAD, March 16: The National Assembly Standing Committee on Commerce (NASCC) on Thursday asked the commerce ministry that the proposed Trade Development Authority of Pakistan (TDAP) should be established through an act of parliament....
Karachi Port operations KARACHI, March 16: Six ships carrying palm oil, vehicles and containers are expected to arrive at the outer anchorage on Friday, according to KPT sources. Five ships, Y.M....		ICAP forms committee KARACHI, March 16: The Institute of Chartered Accountants of Pakistan in a recently held council meeting has decided to form a committee on public sector accounting, stated a press release issued by ICAP on Thursday....
BD apparel exports to EU decline DHAKA, March 16: Bangladesh’s exports to the European Union (EU) dipped nearly euro 200 million or 4.2 per cent to euro 4,092m in the year 2005 from euro 4,274m in 2004,...		Dubai grants foreigners ownership rights DUBAI, March 16: The booming Gulf city state of Dubai has passed a law to legitimise property ownership by foreigners, who previously bought indirectly through contracts with developers, the press said on Thursday....
Urea imports: TCP version KARACHI, March 16: With reference to a news item published in Dawn’s Thursday issue under the headline ”Urea Contractor Fails To Meet Supply Deadline,” a TCP spokesman has clarified that the...		Asian stocks close mixed HONG KONG, March 16: Asian stocks closed mixed on Thursday with profit takers cashing-up on markets which are trading near their highest levels since the peak of the Internet boom five years ago....
European stocks drop LONDON, March 16: European stock markets fell on Thursday, with London hit by profit-taking in the mining sector, offsetting strong company earnings and renewed takeover activity, dealers said....		Palm oil prices up KUALA LUMPUR, March 16: Malaysian crude palm oil futures ended up on Thursday for the first time in 13 days, as a new benchmark contract took effect, and dealers said the market could trend higher if imports improved further....