April 11, 2006	Tuesday	Rabi-ul-Awwal 12, 1427

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Flaws in measuring inflation identified ISLAMABAD, April 10: There is a flaw in measurement of inflation as it is based on the survey of only 30 per cent population living in the urban countryside as against...		Rising gold attracts new investors KARACHI, April 10: As the price of gold rises in the local market on the back of continuous upward rally in global markets, bullion dealers believe that the people have started...
US presses China on copyright, currency WASHINGTON, April 10: US President George W. Bush said on Monday he would press his Chinese counterpart Hu Jintao for currency flexibility and a crackdown on copyright theft during upcoming talks....		Plan to improve textile sector exports ISLAMABAD, April 10: The World Bank has urged the government to seriously concentrate on improving the “low productivity and efficiency” of the textile, garments and apparel industries, failing which it will...
Rs96m fund for skill development approved KARACHI, April 10: The ministry of commerce has approved Rs96 million from the Export Development Fund (EDF) for skill development in the textile garment sector. A Textile Garment Skill Development Board...		‘Environment conducive to investment’ KARACHI, April 10: The environment is very conducive to investment in Pakistan. This was stated by Italian Consul General in Karachi Bruno A. Pasquino here. He was speaking at the financial...
KSE index fails to sustain 12,000-point level KARACHI, April 10: The KSE 100-share index on Monday soared to a widely-speculated an all-time high of 12,000 points, reinforcing the analyst predictions that the best is still to come based on positive market fundamentals but failed to sustain it....		Cotton market lacks lustre KARACHI, April 10: Trading on the cotton market on Monday resumed on an insipid note as buyers kept to the sidelines most of the time owing to Tuesday’s closure on account Eid Milad-un-Nabi....
Karachi Port operations KARACHI, April 10: Eight ships carrying coal, containers and to load molasses are due to arrive at the outer anchorage on Tuesday, according to port sources....		Port Qasim KARACHI, April 10: Brisk shipping activity was observed at the port where four ships carrying containers, chemicals and seeds took berths at QICT and MPT during the last 24 hours, said a PQA report on Monday....
WTO talks on services picking up pace GENEVA, April 10: Talks on liberalising global commerce in services as part of a wider treaty on breaking down trade barriers are finally picking up speed after years of sluggishness, a senior WTO official said on Monday....		CBR pays Rs34.45bn as refund ISLAMABAD, April 10: The Central Board of Revenue paid Rs34.45 billion as refund/rebate to exporters during the July-March period this fiscal year as against Rs25.729 billion during the same period last year, indicating an increase of 33.89...
Industrial parks to be set up in Sindh LAHORE, April 10: Sindh Industries Minister Adil Siddique has said that a strategy to develop national industrial parks in Sindh has been finalised and would be announced soon....		Lamy urges effort on trade talks PARIS, April 10: World Trade Organisation chief Pascal Lamy urged the United States, European Union and emerging countries to make efforts to reach a trade agreement before an April 30 deadline, in comments published on Monday....
Indonesia to bridge Pacific, Asian regions JAKARTA, April 10: Indonesian President Susilo Bambang Yudhoyono said here on Monday that Indonesia is prepared to serve as a bridge between the Pacific and Asian regions as requested by Pacific island countries....		13m bales lint output target achievable MULTAN, April 10: The cotton production target of 13 million bales fixed by the Cotton Crop Assessment Committee (CCAC) is achievable, said Muhammad Islam Gill, director of the Central Cotton Research Institute (CCRI), here on Monday....
Growth of protectionism LONDON, April 10: EU Monetary Affairs Commissioner Joaquin Almunia said on Monday said he was concerned about the growth of protectionism in Europe. “I am concerned about the protectionist threats....		Award for Vietnamese company KARACHI, April 10: The Pakistan Commodity Traders Association (PCTA) has announced to give the best Export Award for 2004-05 to a Vietnamese company. A three-member delegation from Hapro, a leading Vietnamese...
Saudi stocks slump RIYADH, April 10: Saudi Arabia’s stock index tumbled 8 per cent on Monday, its steepest fall on record, after an attempt by market regulators to crack down on market manipulation triggered a frenzy of selling....		Postings ISLAMABAD, April 10: The Central Board of Revenue (CBR) has transferred two members of the customs and excise group and posted them at appellate tribunals, Karachi....
Cell phone plant UYO (Nigeria), April 10: An oil-rich state in Nigeria has signed a deal with a Chinese firm and American investors to build a mobile phone plant, the first in this fast-growing country in the telecommunications area, its governor said on Monday....		Hong Kong gold HONG KONG, April 10: Hong Kong gold prices closed lower Monmday at US$596.00-596.50 an ounce, compared to Friday’s close of $596.50-597.00 an ounce. The market opened at $590.50-591.00 an ounce.—AFP...
Commodity markets LAHORE, April 10: The following were Monday’s upcountry commodity market rates in rupees....		Karachi market rates KARACHI, April 10: The following were Monday’s commodity market rates in rupees....
Asian stocks lower HONG KONG, April 10: Asian stocks closed mostly lower on Monday with markets continuing to ease after striking record levels last week, and in response to solid falls on Wall Street, dealers said....		European stocks mixed LONDON, April 10: European stock markets were flat on Monday, but disposal news from British catering giant Compass gave a shot in the arm to London share prices, dealers said....
Euro rebounds against dollar LONDON, April 10: The euro recovered slightly against the dollar on Monday, but gains were limited by expectations of further increases in US interest rates, dealers said....		Palm oil higher KUALA LUMPUR, April 10: Malaysian crude palm oil futures closed higher on Monday, lifted by strong exports and falling stocks, traders said. Exports of Malaysian oil palm products for April 1-10...