April 27, 2006	Thursday	Rabi-ul-Awwal 28, 1427

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Cement imports from India allowed ISLAMABAD, April 26: Pakistan on Wednesday formally allowed duty and tax free import of cement and clinker from India at a substantial subsidy on freight rates through rail, road and sea routes with immediate effect....		Provinces reject CDWP move: Project financing KARACHI, April 26: A lot of firework is expected in the next meetings of the Annual Planning Coordination Committee (APCC) and the National Economic Council (NEC) sometimes next month as political...
Poultry industry suffers Rs10bn loss in 2 months KARACHI, April 26: Pakistan’s poultry industry is estimated to have suffered Rs9 to 10 billion loss in the last two months on account of declining sales due to the outbreak of...		Banks facing liquidity crunch KARACHI, April 26: Banks facing short of liquidity on Wednesday offered historically low amount against the sale of SBP’s treasury bills. The State Bank set a target of Rs3 billion for...
KPT board cuts port charges by 15pc KARACHI, April 26: The KPT Board of Trustees in its meeting on Wednesday approved 15 per cent further reduction in ‘wet charges’ to be effective from July 1, 2006....		Pakistan environment friendly, says US team ISLAMABAD, April 26: A delegation of US businessmen currently visiting Pakistan has termed the business environment in Pakistan friendly and conducive to foreign investment....
Automobiles import crosses $1bn mark KARACHI, April 26: The import of automobiles exceeded $1 billion mark during the first nine months (July-March) and market sources predicted that it would be in close vicinity of $1.5...		PTCL after tax profit down 28pc in nine months KARACHI, April 26: Pakistan Telecommunication Company Limited (PTCL) posted profit before tax at Rs23.7 billion and after tax at Rs15.3 billion for the nine months ended March 31, 2006....
KSE index fails to sustain 12,000-level KARACHI, April 26: Stocks on Wednesday failed to consolidate above the index level of 12,000 points owing to late profit-selling in leading base shares, notably in PTCL triggered by below market expectations working results....		Quieter conditions on cotton market KARACHI, April 26: Quietly steady conditions prevailed on the cotton market on Wednesday as buyers remained conspicuous by their absence for the second consecutive session, although some of the ginners lowered their asking prices....
Karachi Port operations KARACHI, April 26: Six vessels including a rice loader are expected to arrive at the outer anchorage on Thursday, according to KPT sources. Berthing activity at the wharves was active where...		Port Qasim KARACHI, April 26: Three ships with to load and unload containers, rice and edible oil were berthed at QICT and MPT during the last 24 hours, said a PQA press release on Wednesday....
Economy sailing smoothly, says SBP chief WASHINGTON, April 26: State Bank Dr Shamshad Akhtar said on Monday that Pakistan economy was having a smooth sailing now. “The economy is on track — there is high growth rate,...		Americans blame Bush for oil price hike NEW YORK, April 26. Spiralling petrol prices in the United States are fuelling pubic resentment against the Bush administration blamed for being hand in glove with powerful oil companies whose profits have reached trillions of dollars....
Oil prices dip LONDON, April 26: World oil prices slid on Wednesday in reaction to news that US gasoline and crude stockpiles fell by less than expected last week, dealers said....		PIIF public offering KARACHI, April 26: Pakistan International Element Islamic Fund (PIIF), an open end fund, has received Rs800 million in pre-IPO from institutional investors in the country. A press release issued by Arif...
ZTBL sets up zonal offices ISLAMABAD, April 26: Zarai Taraqiati Bank Limited (ZTBL) has established 25 zonal offices under new organisational structure of the bank which has become operational and started functioning under zonal chiefs....		Hubco result KARACHI, April 26: The Hub Power Company Limited (Hubco) has declared the unaudited financial results for the third quarter ended March 31, 2006. A statement here on Wednesday said the Board...
Asian stocks close higher HONG KONG, April 26: Asian stocks rebounded to a sharply higher close on Wednesday, shrugging off a poor showing by Wall Street and ignoring international concerns over near record oil prices....		Rice exports reach record $1 billion KARACHI, April 26: Pakistan sold a record 2.8 million tons of rice in the year to April 22, up more than 27 per cent from last year, a senior industry official said on Wednesday....
Palm oil prices KUALA LUMPUR, April 26: Malaysian crude palm oil futures closed lower on Wednesday, reversing initial gains due to profit-taking and losses in US soyaoil during Asian trade, dealers said....		Karachi market rates KARACHI, April 26: The following were Wednesday’s commodity market rates in rupees....