April 18, 2006	Tuesday	Rabi-ul-Awwal 19, 1427

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Banks asked to share profit with depositors KARACHI, April 17: President Pervez Musharraf on Monday asked banks to share their record high profits with the depositors by increasing rate of return on deposits....		Musharraf seeks more investment to reduce poverty KARACHI, April 17: President Pervez Musharraf on Monday invited investors to take advantage of investment-friendly policies and abundant skilled labour in Pakistan....
Cement prices start tumbling KARACHI, April 17: Cement prices have started tumbling down following the government decision to allow duty-free import of the commodity and improved supplies to the local market because of a ban on its exports to Afghanistan from April 6....		Technology parks to improve quality of export products ISLAMABAD, April 17: The government plans to shortly introduce the state-of-the-art technology for improving the quality of the Pakistani products for export through setting up of technology parks and technology incubators in Karachi....
Index up 137 points on heavy buying in oil shares KARACHI, April 17: The KSE 100-share index on Monday maintained its upward drive boosted by fresh heavy buying in the leading oil shares under the lead of OGDC but the broader market was a bit weak on late profit-selling....		Duty relief to new entrants opposed: Auto sector LAHORE, April 17: The Pakistan Association of Automotive Parts and Accessories Manufacturers has rejected the relaxation and preferential duty treatment being considered for the new entrants to the car manufacturing sector and cautioned the government against implementing the plan arbitrarily....
Phutti price fixed at Rs1,025 for 2006-07 KARACHI, April 17: The government has increased phutti (seed cotton) prices for 2006-07 crop to Rs1,025 per 40 kg from Rs975 fixed for the last year season....		Remittances rise by $177m in 9 months KARACHI, April 17: Workers’ remittances increased by $177 million during the first nine months (July-March) of the current fiscal year giving hope for higher returns than last year....
Chinese gantry crane KARACHI, April 17: A latest Chinese gantry crane with a maximum twin-lift capacity of 45 tons arrived at the Karachi Port on Sunday. This is the seventh crane to be operated at KPT berths....		Businesses asked to install legal software KARACHI, April 17: The Business Software Alliance (BSA) on Monday announced a 30-day grace period to help companies, organisations and individuals install licensed software without facing penalties for the past infringement of copyright law....
Slow trading on cotton market KARACHI, April 17: Physical activity on the cotton market on Monday was relatively slow as leading spinners and mills kept to the sidelines most of the time awaiting the outcome of Tuesday’s TCP tender floated for the sale of 30,000 bales....		PC gets 25pc of bid amount for PAFL ISLAMABAD, April 17: The Privatisation Commission (PC) has received the first instalment of 25 per cent of the bid amount from the successful bidder Azgard-9 amounting to Rs4.027...
Pakistan to attend WB-IMF meetings WASHINGTON, April 17: Pakistan is sending a high-level delegation to Washington this week to attend annual spring meetings of the World Bank and the International Monetary Fund that begin on April 22....		Palm oil up BANGKOK, April 17: Malaysian crude palm oil futures ended higher on Monday, chasing firmer prices of rival US soyaoil, dealers said....
Romanian firm KARACHI, April 17: Leading Romanian trans-national company Industrialexport has showed keen interest in expanding its operations in Pakistan....		Asian stocks close higher HONG KONG, April 17: Asian stocks closed mostly higher on Monday in reduced volumes with another surge in oil prices limiting gains, after it touched 70 dollars a barrel....
Port Qasim KARACHI, April 17: Three ships with containers and edible oil were berthed at QICT and MPT during the last 24 hours, said a PQA press release on Monday....		Karachi Port operations KARACHI, April 17: Six ships carrying palm oil, tallow and containers are due to arrive at the outer anchorage on Tuesday, according to KPT sources....