April 26, 2006	Wednesday	Rabi-ul-Awwal 27, 1427

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Govt orders special audit of records: Manipulation of oil prices ISLAMABAD, April 25: The government has ordered a “special audit” into the last five years of oil pricing process following reports of alleged wrongdoings that put extra burden on domestic consumers when compared with international prices....		CBR asked to issue SRO immediately: Freight subsidy on cement import KARACHI, April 25: The Central Board of Revenue is being instructed immediately to issue an SRO for providing Rs60 freight subsidy on a 50 kg bag of duty free imported cement...
Opening of visa offices urged: Karachi-Mumbai link Karachi, April 25: Over a dozen speakers from a big representative gathering of businessmen, media persons and academics called for urgent opening of India and Pakistan visa offices in Karachi and...		Rent-free land for ladies garment units KARACHI, April 25: Textile Industry Minister Mushtaq Ali Cheema on Tuesday offered to provide rent-free developed land and building to all multinational companies interested in setting up ladies garment manufacturing units in Pakistan....
Stock market recovers 139.14 points KARACHI, April 25: The stock market on Tuesday recovered from the previous lows as investors covered positions on bank, oil and cement sectors at lower levels, but the broader market stayed weak in the absence strong institutional support....		Jordan group to set up power plant ISLAMABAD, April 25: Jordan’s Shaheen Business and Investment Group has expressed its interest to set up 800-mw thermal power plant in Pakistan on fast track basis and reaffirmed their commitment to invest in various other sectors....
Collection of import duty on vehicles up by 53pc ISLAMABAD, April 25: The Central Board of Revenue witnessed a 53 per cent growth in the collection of customs duty on import of vehicles during the first nine months of current financial year, over the same period last year....		Free trade pact with Bahrain shortly ISLAMABAD, April 25: Pakistan and Bahrain will shortly ink Free Trade Agreement (FTA) which would boost trade between the two countries....
Cement prices drop by Rs5 per bag LAHORE, April 25: The cement manufacturers on Tuesday reduced their ex-factory prices by Rs5 per bag in view of the continuous drop in the sales, dealers said....		No change in economic policies ISLAMABAD April 25: Prime Minister Shaukat Aziz has said that there will be no U-turn in the economic policies, which have earned the country record foreign direct investment (FDI) of $2.2...
Primary dealers KARACHI, April 25: The State Bank has invited applications from banks, DFIs, investment banks and listed brokerage houses for the appointment of primary dealers of government securities for the year 2006-07....		Physical trading fails to pick up KARACHI, April 25: Physical trading on the cotton market on Tuesday failed to pick up as both spinners and mills kept to the sidelines most of the time apparently awaiting fresh developments on the supply and demand front....
Proposed gas price hike opposed ISLAMABAD, April 25: The Oil and Gas Regulatory Authority (Ogra) on Tuesday came under criticism from consumers for allowing 17.5 per cent guaranteed rate of return on assets to Sui Northern...		BP profits dip LONDON, April 25: The British energy firm BP said on Tuesday that first-quarter net profit sank by 15.0 per cent as it continued to suffer from last year’s hurricane damage to US oil installations, and the shutdown of its biggest refinery....
Copper price LONDON, April 25: The price of copper leapt to the highest-ever level here on Tuesday, spurred by massive investment and speculative demand, dealers said....		Service KARACHI, April 25: DHL launched the new time definite delivery (TDD) service in Pakistan to locations in Asia Pacific, the Middle East and Europe, says a press release....
Gold and silver higher LONDON, April 25: Gold bullion firmed in Europe on Tuesday, but further volatility was expected with the market seeking a footing below a recent 25-year peak of $645.75...		Palm oil prices KUALA LUMPUR, April 25: Malaysian crude palm oil futures retreated on Tuesday, weighed down by weakness in rival US soyaoil and the market’s failure to test the 1,500 ringgit a ton barrier, traders said....
Port Qasim KARACHI, April 25: Brisk shipping activity was observed at the port where four ships scheduled to load and offload containers, crude oil, chemicals and seeds were berthed during the last 24 hours, said a PQA press release on Tuesday....		Karachi Port operations KARACHI, April 25: Seven ships, including one with sugar, are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....