April 5, 2006	Wednesday	Rabi-ul-Awwal 6, 1427

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Monetary targets exceed in 8 months KARACHI, April 4: All important monetary targets set for the year 2005-06 have exceeded within eight and a half months, State Bank reported on its website on Tuesday....		Duty-free cement import from India urged ISLAMABAD, April 4: The Islamabad Chamber of Commerce and Industry (ICCI) has demanded of the government to allow duty-free import of cement from India to arrest the constant increase in prices in the domestic market....
PAFL sell-off LoA issued to Ibrahim Fibres cancelled ISLAMABAD, April 4: The Privatization Commission on Tuesday announced that it had cancelled a letter of acceptance (LoA) issued to Ibrahim Fibres and forfeited its Rs350 million earnest money for default in purchasing Pak-American Fertilizers Ltd at a Rs19.99...		Delay in sugar import to cost $200 million ISLAMABAD, April 4: Pakistan will have to bear an additional financial burden of about $200 million because of a delay in sugar import to meet its annual consumption of four million tons....
Stocks touch new peak at 11,710 points KARACHI, April 4: After having briefly breaching through the psychological barrier of 11,700.00 points, the KSE 100-share index on Tuesday finished partially reacted at 11,664.97 on late profit-selling in some of the leading oil shares....		Cotton arrivals down by 13.7 per cent KARACHI, April 4: The cotton arrivals reached 12.371 million bales on April 1, but still lower by 13.73 per cent over last year’s 14.339 million bales, says a fortnightly report of Pakistan Cotton Ginners Association (PCGA) here Tuesday....
KSE gains 20pc in 1st quarter of 2006 KARACHI, April 4: Pakistan’s stock market has recorded gains of 21 per cent in three months and four days of the current calendar year. On Tuesday, the KSE-100 index climbed 88...		Pakistan may barter wheat for Indian sugar KARACHI, April 4: Pakistan, facing a shortage of around one million tons of sugar, has received an Indian offer to barter wheat for the sweetener, a senior government official said on Tuesday....
Report suggests steps to boost textiles KARACHI, April 4: The value-added textile sector, including knitwear and garments, is under pressure and is struggling for its survival in a highly competitive environment. Exports from Bangladesh, India and China,...		35m euro loan for DG Cement KARACHI, April 4: European Investment Bank, Luxembourg, has approved 35 million euro as a seven-year term loan facility for DG Khan Cement Company Limited to facilitate the expansion of its Khairpur cement plant....
Dollar slips LONDON, April 4: The dollar fell to near 10-week lows against the euro Tuesday as data reinforced expectations that the interest rate differential between the world’s two largest trading blocs would narrow more quickly than many thought....		Cotton prices steady as demand picks up KARACHI, April 4: Cotton market on Tuesday resisted fresh decline as some of the leading spinner groups resumed their covering purchases followed by reports of lower arrivals of phutti into the ginneries for the fortnight ended March 31, dealers said....
Gold drifts lower LONDON, April 4: Gold edged lower in late European trade on Tuesday with funds and investors keeping the next big target of $600 an ounce within short range....		Karachi Port operations KARACHI, April 4: Seven ships carrying sugar and general cargo and to load rice are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
Port Qasim KARACHI, April 4: Berthing activity was steady as three ships to load and offload containers, seeds and edible oil were berthed at QICT and MPT during the last 24 hours, said a PQA press release on Tuesday....		Engineers moot KARACHI, April 4: The 21st international symposium of the Institute of Electrical and Electronics Engineers Pakistan (IEEEP) will be held on April 14-15. Chairman IEEEP Karachi Centre, Syed Khurshid Pervez, said...
European stocks LONDON, April 4: European stock markets fell on Tuesday, with the British sugar group Tate and Lyle dragging down robust trading in London, dealers said. London’s FTSE 100 index of leading shares lost 0.33...		Asian stocks consolidate HONG KONG, April 4: Asian stocks consolidated recent sharp gains on Tuesday as investors waited for the US employment report due Friday for the lead it may give on the outlook for US interest rates, dealers said....
Palm oil higher SINGAPORE, April 4: Malaysian crude palm oil rebounded to close higher on Tuesday as traders covered short positions, but a strengthening ringgit is likely to prevent a substantial rise in prices....		Kenya tea prices rise NAIROBI, April 4: Kenya tea prices rose at this week’s auction due to low supply and a threatened strike by a tea union, dealers said. We are still operating below 77,000...