April 7, 2006	Friday	Rabi-ul-Awwal 8, 1427

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Pakistan Steel sold at throwaway price KARACHI, April 6: Within 22 years after its full commercial operations in 1984, Pakistan’s only integrated steel mill in the public sector, which has been operating on optimum capacity for at...		Pulses, sugar prices continue to rise KARACHI, April 6: The upward price trend in some pulses and sugar continues unabated as retailers are charging over Rs70 per kg for mash and moong besides, demanding Rs40 for sugar against Rs38 per kg available on April 1....
Cotton cess raised by Rs9 per bale: 13.8m bales target for 2006-07 ISLAMABAD, April 6: The government has decided in principle to increase cotton cess by over 80 per cent to Rs20 per bale and has fixed a target of 13.8...		Scrutiny of SoQs for SNGPL, SSGC begins ISLAMABAD, April 6: The pre-qualification process of the investors interested in buying Sui Northern Gas Pipeline Company Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) is expected to be completed by the end of the current month....
Banks asked to clear faulty ATM claims by May 15 KARACHI, April 6: The State Bank of Pakistan (SBP) on Thursday directed the banks to clear all outstanding claims of the account holders, who used faulty ATMs that failed to deliver cash, by May 15, 2006....		World oil prices break $68 level LONDON, April 6: Oil prices climbed briefly above 68 dollars per barrel in London on Thursday, within striking distance of their record level last year, amid concerns about falling US gasoline...
Index maintains positive outlook, up 19 points KARACHI, April 6: Share values on the Karachi Stock Exchange on Thursday maintained an optimistic outlook and generally rose where changed under the lead of bank shares on market talk of higher interims....		Prices raised by Rs25 on cotton market KARACHI, April 6: Cotton prices on Thursday revised upward by Rs25 per maund after ginners raised their asking prices in line with New York cotton futures and pressure on local supplies....
Karachi Port operations KARACHI, April 6: Four ships carrying containers, crude oil and chemicals are expected to arrive at the outer anchorage on Friday, according to KPT sources. Berthing activity at the wharves was...		Port Qasim KARACHI, April 6: Brisk shipping activity was observed at the port where five ships, scheduled to load and offload containers, rice and edible oil, were berthed at QICT and MPT during...
10 SoQs received for Fesco’s sell-off ISLAMABAD, April 6: The Privatization Commission (PC) has received ten Statements of Qualification (SoQ) from strategic investors or their consortia interested in acquiring 56 per cent interest in Faisalabad Electric Supply Company (FESCO) including the management control....		Partnership with ITC sought KARACHI, April 6: Tariq Ikram, Minister of State and Chairman of the Export Promotion Bureau, held a meeting with Pillip Williams, senior adviser on trade support institutions, International Trade Centre, Geneva,...
Moratorium to stabilize cement price ISLAMABAD, April 6: A moratorium on export of cement from April 6 to 30 will help stabilize cement prices in the country. This was stated by Industries and Production Minister Jahangir...		BoE interest rates at 4.50 pc LONDON, April 6: The Bank of England on Thursday held its key interest rate at 4.50 per cent for the eighth month in a row, the central bank announced....
WB loan BEIJING, April 6: The World Bank will loan $100 million to the northeast Chinese province of Heilongjiang to develop its dairy industry, Chinese state media said Thursday....		Asian stocks gain HONG KONG, April 6: Asian stocks mostly posted substantial gains on Thursday as investors banked on strong first quarter corporate results in what increasingly looks to be a ‘Goldilocks’ global economy...
SAFA summit KARACHI, April 6: The First South Asian Accounting Summit would be held in Karachi on April 18-19. The two-day summit has been organized by the Institute of Chartered Accountants of Pakistan...		Karachi market rates KARACHI, April 6: The following were Thursday’s commodity market rates in rupees....