March 30, 2006	Thursday	Safar 29, 1427

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High cement price hits housing projects KARACHI, March 29: Price of cement has further surged to over Rs340 from Rs330, while 50 kg cement bags, produced in the upcountry, are priced at Rs350....		Donors call for move on IPRs to woo investment: Evolving of DRM urged ISLAMABAD, March 29: The World Bank and the Asian Development Bank (ADB) have urged the government to attract the much needed sizable foreign investment by implementing appropriate legal and regulatory frameworks for Intellectual Property Rights (IPRs)....
Budget-making in Sindh picks up momentum KARACHI, March 29: The budget-making exercise in Sindh picked up momentum on Wednesday after direct intervention from the highest level in Islamabad on Monday to end friction in the ruling coalition...		Pakistan relies on sell-off, FDI for growth HONG KONG, March 29: Pakistan is targeting up to $2.5 billion in asset sales and an equal amount of foreign direct investment each year to help bridge a growing current account...
Direct shipping line with Dhaka proposed KARACHI, March 29: A strong Bangladesh trade delegation on Tuesday held a meeting on the sidelines of Expo Pakistan 2006, with Minister of Food, Agriculture and Livestock Sikandar Hayat Bosan and identified areas of interest for boosting bilateral trade....		Industrial estates near cities planned KARACHI, March 29: Industries and Production Minister Jahangir Khan Tareen on Wednesday directed National Industrial Parks (NIP) Development and Management Company to open regional offices throughout the country to set up industrial estates....
KSE index loses 35 points in hasty selling KARACHI, March 29: Shares on the Karachi stock market on Wednesday failed to sustain the early strong run-up as some of the leading investors indulged in hasty selling to cash in...		Cotton market waits for a direction KARACHI, March 29: Cheerless trading conditions prevailed on the cotton market on Wednesday as spinners and mills remained conspicuous by their absence ahead of the TCP tender on Friday....
Oil prices jump above $66 LONDON, March 29: Oil prices briefly rose to the highest points in almost two months, above $66.0 in New York, on Wednesday after the biggest weekly drop in US gasoline (petrol) inventories since August 2003, analysts said....		SBP sells Rs40.515bn T-bills KARACHI, March 29: The State Bank sold Rs40.515 billion worth of treasury bills of three-, six- and 12-month maturity in an auction on Wednesday. The central bank had set a target...
Trademark battle LONDON, March 29: The Beatles’ record company Apple Corps resumed battle with Apple Computer at London’s High Court on Wednesday, accusing the US company of breaching a trademark agreement by promoting music products....		Dollar rangebound LONDON, March 29: The dollar continued to trade within a tight range against the euro on Wednesday, only slightly above the previous days’ levels after the US Federal Reserve hiked interest rates to 4.75...
Ground-breaking ceremony of Tuwairqi Steel today KARACHI, March 29: The ground-breaking ceremony of the Tuwairqi Steel Mills (TSM) will be held here at the Bin Qasim on Thursday. This was announced by Al-Tuwairqi Group of Companies chairman...		Karachi Port operation KARACHI, March 29: Three ships including a car carrier, with 885 units are due to arrive at the outer anchorage on Thursday, according to KPT sources....
European stocks up LONDON, March 29: European stock markets climbed on Wednesday, as merger talk helped to offset a tumble on Wall Street overnight, dealers said. London’s FTSE 100 index of leading shares climbed 0.59...		Palm oil lower KUALA LUMPUR, March 29: Crude palm oil futures closed down on Wednesday, with a stronger ringgit currency and ample current supply keeping a lid on demand, traders said....