April 9, 2006	Sunday	Rabi-ul-Awwal 10, 1427

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Stocks gain 22pc in just 13 weeks: KSE index at about 12,000 KARACHI, April 8: The Karachi Stock Exchange 100-share index just stopped short of the coveted mark of 12,000 points by as few as 64 points on Friday....		Govt claims PS sell-off transparent ISLAMABAD, April 8: Privatisation and Investment Minister Awais Ahmed Khan Leghari on Saturday said that he had asked the Privatisation Commission to issue letter of acceptance (LoA) for the disinvestment of...
Foreign tours cost $701m in 6 months KARACHI, April 8: Overseas travels of Pakistanis cost $701 million to the national exchequer during the first half (July-December) of the fiscal year 2005-06. Data obtained from the State Bank publication...		Increased money supply to boost economic activity: Banks lend Rs340bn KARACHI, April 8: Banks made advances of Rs340 billion till March 31, 2006 with the encouragement from the government for pumping maximum liquidity in the market to heat up economic activity to forestall likely fall in the GDP growth this year....
Steel demand growing at 20pc annually KARACHI, April 8: State Minister for Investment and Special Initiatives Omar Ghuman has said that the demand for steel is growing at 15-20 per cent annually which has resulted in a shortfall of approximately 1.2...		Mango output may fall ISLAMABAD, April 8: The production of mango is likely to fall this year because of cold wave that hit the country in early January. An official at the ministry of food,...
‘Current euro level not a problem’ VIENNA, April 8: EU Economic and Monetary Affairs Commissioner Joaquin Almunia said on Saturday that the present level of the euro was not a problem for the European economy or for eurozone exporters....		US, China to review trade headaches WASHINGTON, April 8: Top US and Chinese officials will go over well-trodden ground when they hold an annual review of trade ties this week just ahead of a visit to the United States by Chinese President Hu Jintao....
Business city BEIJING, April 8: Leading Chinese business group Guanghua has offered to set up a business city in Pakistan to develop mutually beneficial cooperative partnership. Yang Tianlong, chairman of the group, told...		Appellate forum yet to be set up: NTC findings ISLAMABAD, April 8: The ministry of commerce has yet to establish an appellate forum against findings of the National Tariff Commission (NTC) in cases of anti-dumping, which is a violation of the Anti-Dumping Duties Ordinance 2000....
CFS rates decline on KSE KARACHI, April 8: The weighted average CFS rate on the Karachi Stock Exchange last week declined further to 17.4 per cent from the previous 17.8 per cent as the demand for funds was relatively slow owing to weekend price flare-up....		LNG import plan KARACHI, April 8: Balochistan Economic Forum president Sardar Shoukat Popalzai has said that Qatar can help Pakistan to finance its $3 billion plan for importing and building a supply chain of LNG to meet the fast approaching shortfall....
Delivery problems slow down trading KARACHI, April 8: After a couple of sessions’ brisk activity, trading on the cotton market on Saturday slowed down partly because of delivery problems owing to a long weekend ahead....		Port Qasim KARACHI, April 8: Shipping activity remained brisk at the port where three ships scheduled to load and offload containers and diesel were berthed at QICT and FOTCO oil terminal during the last 24 hours, said a PQA press release on Saturday....
Karachi Port operations KARACHI, April 8: Four ships carrying containers and crude oil and to load ethanol are expected to arrive at the outer anchorage on Sunday, according to KPT sources....		Mobile phone users in India NEW DELHI, April 8: India, the world’s fastest growing mobile phone market, added a record 3.9 million new GSM users in March, an industry body said on Saturday....
Germany plans deep cuts in corporate income tax BERLIN, April 8: Germany plans to cut corporate income tax rates by as much as 50 per cent when launching one of the country’s key reforms — the overhaul of its unwieldy corporate tax system, according to German media reports....		Asian sugar output to grow in 2006-07 LONDON, April 8: Asian sugar output is set to grow in 2006-07 as farmers seek to reap benefits from high prices, sugar merchant Czarnikow said. One of the trends that has...