March 19, 2006	Sunday	Safar 18, 1427

Please Visit our Sponsor (Ads open in separate window)

Import of used buses, trucks to hit industry KARACHI, March 18: The local heavy vehicle industry is now confronting with problems with increased imports of used buses under various schemes. The problems would be further aggravated following reports that...		Net government borrowing exceeds target KARACHI, March 18: The government’s dependence on borrowing from the banking system has further escalated in the last 15 days, while lending to the private sector has almost touched the last year’s record high figure....
Package for garment sector under study KARACHI, March 18: The government will announce an incentive package for boosting exports of the garment sector which is lagging behind after the removal of textile quota....		New plants needed to meet urea demand KARACHI, March 18: The country is in urgent need of one or two additional fertilizer (urea) producing plants, so as to fill the gap between demand and supply....
CFS investment rises to Rs24.5bn KARACHI, March 18: After having dropped below the upper limit a week earlier, the CFS investment on the Karachi Stock Exchange last week rose to Rs24.5...		Policies towards trade, transport facilitation urged KARACHI, March 18: Commerce Minister Humayun Akhtar Khan has said it is highly imperative to vigorously focus and pursue plans and policies towards trade and transport facilitation related areas to become competitive enough to meet the future global trade challenges....
Dumping duties imposed on four countries: Filament yarn import ISLAMABAD, March 18: The National Tariff Commission (NTC) on Saturday imposed definitive anti-dumping duties on imports of polyester filament yarn (PFY) into Pakistan originating in or exported from Indonesia, Korea, Malaysia and Thailand....		New cotton variety to raise yield KARACHI, March 18: Minister for Textile Industry Mushtaq Ali Cheema said on Saturday that the government had allowed cultivation of trans-genic Bt cotton which would help to increase per acre yield...
Cotton output falls 13.76pc MULTAN, March 18: The country has produced 12.342 million bales of cotton, registering a shortfall of 13.76 per cent, said a fortnightly report issued by the Pakistan Cotton Ginners Association (PCGA) here on Saturday....		TCP sells 50,200 cotton bales KARACHI, March 18: The Trading Corporation of Pakistan on Saturday sold 50,200 bales of cotton to foreign and local buyers....
Trading remains dull on hopes of fall in prices KARACHI, March 18: Physical activity on the cotton market on Saturday failed to pick up as leading spinners remained busy with TCP tender, matching their bids in line with benchmark prices....		Karachi Port operations KARACHI, March 18: Nine ships carrying general cargo and to load rice are expected to arrive at the outer anchorage on Sunday, according to KPT sources....
Port Qasim KARACHI, March 18: Brisk shipping activity was observed at the port where four ships carrying containers, coal and diesel oil took berths at the QICT, Multi Purpose Terminal and FOTCO Oil...		Pakistan plans four palm oil refineries KARACHI, March 18: Encouraged by low tax rates on the import of crude palm oil (CPO), Pakistan’s leading edible oil buyers plan to set up four new refineries with a total...
WTO consultations on Canadian corn duties sought: US WASHINGTON, March 18: The United States accused Canada on Friday of shirking world trade rules in deciding to impose duties on imports of US corn and took the first step toward filing a World Trade Organization case on the matter....		RBI warns govts not to window dress accounts MUMBAI, March 18: India’s central bank on Saturday cautioned federal and state governments not to resort to accounts jugglery to meet targets set under a law on fiscal responsibility....
Oil prices soar in choppy trade, zinc strikes record LONDON, March 18: Global oil prices leapt this week by around three dollars on the back of supply concerns in major exporting nations and despite news of a fresh increase in US crude stockpiles....		Textile Asia to attract investment: president KARACHI, March 18: President Pervez Musharraf has said that modernization and upgradation of the textile sector is important to improve the quality of value-added products to Pakistan’s exports, making the country better equipped for competing in the world....
China coal output SHANGHAI, March 18: China targets a 14-18 per cent rise in coal output to between 2.5 billion-2.6 billion tons a year by 2010, the China Daily said on Saturday, citing the country’s coal industry blueprint....		NY cotton closes easier in lethargic business NEW YORK, March 18: Cotton futures ended easier on Friday on speculative sales in subdued dealings and the market is seen staying range-bound going into next week, analysts said....
GM loss hits shares DETROIT, March 18: General Motors Corp. shares and bonds fell on Friday after the automaker increased its 2005 loss by $2 billion due to accounting errors, raising questions about the company’s management and renewing doubts about its long-term survival....		PS gets Chinese machinery KARACHI, March 18: A Chinese firm has handed over construction machinery to Pakistan Steal. The machinery has been provided by Cuangxi Liu Gong Machinery Company Ltd through international tenders as per procedure laid down by the Transparency International....
Real estate trust in offing KARACHI, March 18: Adviser to the prime minister on Finance Dr Salman Shah, on Saturday said that a Real Estate Trust would be formed and announced in a month which would further help the economy to grow at a higher pace....		Brazil sugar trade slow SAO PAULO, March 18: Sugar and ethanol trade was slow this week due to expectations that the new cane crop will soon hit the market, traders said on Friday....