April 1, 2006	Saturday	Rabi-ul-Awwal 2, 1427

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No reduction in refinance rates, says SBP chief KARACHI, March 31: State Bank Governor Dr Shamshad Akhtar said on Friday that Pakistan’s trade-to-GDP ratio during last five years has increased from 25 per cent to well over 30 per...		Pakistan needs market access to US, EU KARACHI, March 31: Minister of Commerce Humayun Akhtar Khan said on Friday that Pakistan needed market access to the United States and European Union (EU) to create maximum number of job opportunities for its unemployed youth....
Hotels’ room occupancy rises to 90pc KARACHI, March 31: Leading hotels in the city are doing a roaring business these days because of ongoing Expo Pakistan that has pushed up the room occupancy to over 90 per cent....		High-level meeting to discuss sugar crisis today KARACHI, March 31: A high-level meeting of the top bureaucrats of finance, food and agricultural ministries and the leaders of sugar millers, traders and importers is being held on Saturday at...
July-March revenue collection up ISLAMABAD, March 31: The Central Board of Revenue collected Rs482.4 billion taxes during July-March of the current fiscal year as against the target of Rs476.4 billion, indicating an increase of Rs6 billion....		PC to sue Ibrahim Fibres for back-out ISLAMABAD, March 31: The government on Friday decided to take Ibrahim Fibres to the court to recover Rs3.9 billion for backing out of Rs19.99 billion sell-off deal of Pak-American Fertilizers Limited (PAFL), a senior official told Dawn....
Stocks fall by 82 points on weekend profit-selling KARACHI, March 31: Leading shares on Friday remained under pressure on weekend selling but the broader market performed well as some of the leading investors opted for low-priced shares having potential of quick gains....		Cotton market turns dull on TCP tender KARACHI, March 31: Cotton market passed through a relatively quiet session partly because of a short Friday session and partly to opening of bids for the latest TCP tender....
Karachi Port operations KARACHI, March 31: Three ships carrying containers, general cargo and project cargo are due to arrive at the outer anchorage on Saturday, according to KPT sources....		Port Qasim KARACHI, March 31: Berthing activity was steady at the port where three ships to load and offload containers, rice and furnace oil were berthed during the last 24 hours, said a PQA press release on Friday....
Oil prices plunge on easing supply fears LONDON, March 31: World oil prices slumped on Friday as supply concerns eased over major crude producers Iran and Nigeria, traders said. The drop in prices came at the end of...		Adamjee Insurance posts record profit KARACHI, March 31: Adamjee Insurance Company Limited achieved highest ever pre-tax profit amounting to Rs1,278 million and after tax profit at Rs1,163 million, Wasif M. Khan, chairman of the Annual General Meeting (AGM) held on Thursday, told shareholders....
Task force on Islamic banking KARACHI, March 31: The task force set up by the State Bank governor for the development of Islamic banking held its first meeting here on Friday....		POL prices unchanged KARACHI, March 31: The Oil Companies Advisory Committee (OCAC) on Friday kept petroleum products prices unchanged for the fortnight starts from April 1, 2006. According to an OCAC press release it...
Turkish economy ISTANBUL, March 31: The Turkish economy grew much faster than expected in 2005, official data showed on Friday, with growth accelerating to 10.2 per cent in the last quarter fuelled by robust consumer demand....		Dollar rebounds against euro LONDON, March 31: The dollar rebounded against the euro and yen on Friday as the market studied the outlook for global interest rates. The euro fell to $1.2115...
Nominated KARACHI, March 31: Federation of Pakistan Chambers of Commerce and Industry president Ch Muhammad Saeed has nominated Fareed Tahir Siddiqui as vice-chairman of the Pakistan-UAE Business Council of the FPCCI for the year 2006-07....		Asian stocks mixed HONG KONG, March 31: Asian stocks shrugged off a mixed performance by Wall Street on Friday, ending the week with further gains and benchmarks at historical peaks or multi-year highs....
Palm oil higher SINGAPORE, March 31: Malaysian crude palm oil futures ended higher on Friday despite a strenthening ringgit as traders covered short positions at lower levels hoping for some overseas demand to emerge in coming weeks....		Refined sugar prices LONDON, March 31: Refined sugar prices have struck fresh all-time peaks this week on speculative buying fuelled by strong demand and tight supplies, but traders and analysts said on Friday the market risked a correction lower....
European funds cut stocks LONDON, March 31: European fund managers cut exposure to stocks slightly in March and raised bond holdings, making few major changes while mindful of the likelihood of rises in US interest rates, a Reuters poll showed....		Karachi market rates KARACHI, March 31: The following were Friday’s commodity market rates in rupees....