March 18, 2006	Saturday	Safar 17, 1427

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EU reduces dumping duty to 5.8 per cent: Bedlinen imports KARACHI, March 17: Majority of the 25 members of European Union (EU) have given their consent in favour of a further cut in anti-dumping duty on imports of bedlinen from Pakistan....		NAB to probe into oil price fixing formula: OCAC asked to submit record KARACHI, March 17: The National Accountability Bureau (NAB), initiating a probe into fixation of oil prices, has asked the Oil Companies Advisory Committee (OCAC) to provide information, data and documents to its Sindh chapter by March 20....
Industry facing structural problems: PC ISLAMABAD, March 17: The manufacturing and industrial sector is facing various “structural problems” resulting in slow growth of exports and low level of investment in the country, says the Planning Commission....		Consultants’ help sought to broaden tax base KARACHI, March 17: Central Board of Revenue Chairman Abdullah Yousuf on Friday called upon tax consultants and professional bodies of accountants to assist the government in generating more revenues by creating...
Pakistan to emerge as economic centre ISLAMABAD, March 17: Senate chairman Mohammedmian Soomro has said that Pakistan has great potential of emerging as an economic hub in the region and is presently an attractive destination for the foreign investors....		Oil prices fall amid volatile trading LONDON, March 17: World oil prices dropped on Friday on profit-taking after a volatile week which saw crude futures dip owing to high US crude stocks, and surge on tensions in major energy producers....
KSE session ends with 262 points gain KARACHI, March 17: Stocks finished the weekend session on a bullish note followed by active follow-up support on the oil and cement sectors, signalling that the market is confidentially heading toward its pre-reaction level possibly by the next week....		No impact of TCP sales on cotton market KARACHI, March 17: Modest activity was witnessed on the cotton market on Friday as some of the spinners lifted stray lots offered by the ginners below Rs2,500 per maund....
Habib Bank embarks on outsourcing KARACHI, March 17: The management of Habib Bank Limited (HBL) has embarked on a unique and innovative outsourcing plan which could not render any of its non-core staffer unemployed....		Development of infrastructure ISLAMABAD, March 17: ADB Senior Financial Sector Specialist Ranier Hartel and Dr Salman Shah, adviser to the prime minister on finance, on Friday held a meeting and discussed the modalities to...
Non-member directors for LSE nominated ISLAMABAD, March 17: The Securities and Exchange Commission of Pakistan (SECP) on Friday nominated four non-member directors on the Board of Lahore Stock Exchange (KSE) for the year 2006 in accordance with the regulations of the exchange....		Euro stays firm LONDON, March 17: The euro remained firm against the dollar on Friday, continuing to trade close to seven-week highs against the US currency after more weak US data was released later in the day....
Fed ending hikes WASHINGTON, March 17: The US Federal Reserve is likely to wrap up its campaign to boost interest rates by midyear at the latest as economic risks shift from inflation to slower growth, a panel of bank economists said on Friday....		New system for crops estimation introduced ISLAMABAD, March 17: The government has started major crops estimation through Remote Sensing Systems via satellite technology aimed at working out their actual production and condition, a senior official told Dawn on Friday....
Karachi Port operations KARACHI, March 17: Eight ships including a car carrier with 822 units are expected to arrive at the outer anchorage on Saturday, according to KPT sources....		Port Qasim KARACHI, March 17: Berthing activity was slow as only one container ship was berthed at QICT during the last 24 hours, said a PQA press release on Friday....
Chambers to prepare joint budget proposals LAHORE, March 17: All chambers of commerce and industry in Punjab have decided to forward joint budget proposals to the government from the forum of Lahore Chamber of Commerce and Industry....		European stocks LONDON, March 17: European stock markets were mixed on Friday, but London’s FTSE 100 briefly breached 6,000 points for the first time in five years on strong company results and takeover news, dealers said....
India aims to buy Russian crude NEW DELHI, March 17: India aims to buy at least one million barrels per day (bpd) of Russian crude oil within five years, Prime Manmohan Manmohan Singh said on Friday....		Palm oil prices lower KUALA LUMPUR, March 17: Malaysian crude palm oil futures closed marginally lower on Friday on pre-weekend profit-taking but dealers said the market was likely to stay above the key 1,450 ringgit support next week....