March 24, 2006	Friday	Safar 23, 1427

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Automakers agree to tariff-based system ISLAMABAD, March 23: The auto manufacturers have agreed to a government proposal for introducing a tariff-based system for the auto industry from the next fiscal year in compliance with the WTO regime....		Malaysia lifts ban on short-selling KUALA LUMPUR, March 23: Malaysia lifted on Thursday its 8-1/2-year ban on the short-selling of shares, the centrepiece of initiatives designed to rekindle investor enthusiasm and wake up a dozy stock market....
US optimistic about China on currency reforms BEIJING, March 23: Two US senators who have threatened trade sanctions against China for its currency system said on Thursday they were optimistic Beijing will implement reforms, but warned sanctions remained a possibility....		Traders still perturbed on licence fee issue KARACHI, March 23: As the shopkeepers and traders of 17 towns of the city continue to receive summons and arrest warrants from judicial magistrates for not paying trade licence fee during...
Russia warned against slow GDP growth MOSCOW, March 23: Economic growth may slow unless Russia boosts productivity and investment, Economy Minister German Gref told a cabinet meeting on Thursday which ended in a row over natural monopolies’ tariffs....		NTC mulling duty waiver for 10 PFY producers ISLAMABAD, March 23: The National Tariff Commission (NTC) is considering a proposal to exempt anti-dumping duty on export of polyester filament yarn (PFY) of 10 producers from Indonesia, Korea, Malaysia and Thailand against price undertaking....
PSO to buy 0.385m tons fuel oil SINGAPORE, March 23: Pakistan State Oil (PSO) has issued its quarterly tender seeking 385,000 tons of high-sulphur fuel oil for April-June delivery, up 17 per cent from its first-quarter requirements, industry sources said on Thursday....		EU to slap duties on shoes imports BRUSSELS, March 23: The European Commission said on Thursday it would slap temporary anti-dumping duties on Chinese and leather shoe imports as of April 7 to protect EU manufacturers from “unfair trade”....
Palm oil prices up on higher exports KUALA LUMPUR, March 23: Malaysian crude palm oil futures ended up on Thursday on light covering activity despite softer prices of rival US soyoil. Dealers said a clearer trend was likely...		Bosicar to raise refining capacity KARACHI, March 23: Bosicor Pakistan Limited (BPL) is planning to bring an additional refining capacity of 120,000 barrel per day (BPD) in the next two years....