May 2, 2006	Tuesday	Rabi-us-Sani 3, 1427

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Income tax collection up 29.7pc in 8 months ISLAMABAD, May 1: The overall income tax collection stood at Rs124.913 billion during the last eight months of the current fiscal year as against Rs96.324 billion in the same period last year, showing an increase of 29.7...		All-round increase in essentials’ prices KARACHI, May 1: Consumers’ monthly spending on essential commodities has got a severe jerk owing to an all-round increase in prices of pulses, sugar, beef, mutton, potato, tomato, branded tea, loose ghee and poultry....
Afghanistan seeks investment in oil, gas sector KABUL, May 1: Afghanistan is drawing up oil and gas exploration blocks and will soon be seeking production-sharing agreements with foreign companies to develop what it hopes are larger-than-expected reserves....		WTO chief calls for breaking deadlock: Doha round talks GENEVA, May 1: WTO chief Pascal Lamy on Monday appealed to trading nations to do their utmost to break a logjam in talks on liberalising global commerce, saying they must bounce back after missing a key deadline....
S. Arabia cuts petrol prices by 30 per cent RIYADH, May 1: With oil prices sky rocketing all around the globe, Saudi Arabia has announced fixed pricing for long-term crude contracts and slashing domestic petrol prices by almost 30 per cent....		New Basmati trade body opposed KARACHI, May 1: The Union of Small and Medium Enterprises (Unisame) has opposed the formation of new Basmati rice trade body on geographical lines that excludes exporters....
Palm oil refining complex at Port Qasim KARACHI, May 1: Felcra Berhad Malaysian, a wholly owned company of the Malaysian finance ministry, is putting up a palm oil refining complex at Port Qasim in collaboration with International Multi Group (IMGC), a Karachi-based private company....		$30m taken out of share market in April KARACHI, May 1: Foreign portfolio investment in the capital market has been depleting as more than $30 million moved out of the market during the month of April....
Oil, gas fields’ takeover LA PAZ, May 1: President Evo Morales on Monday issued a formal decree nationalizing Bolivia’s oil and natural gas resources. Bolivia has the second highest natural gas reserves in Latin America, behind Venezuela....		Trade surplus JAKARTA: Indonesia’s trade surplus in March rose to $3.11 billion or up 9.5 per cent from February’s $2.84 billion, Central Bureau of Statistics head Choirul Maksum said on Monday....
Debt relief WASHINGTON: The World Bank and IMF confirmed on Monday that Cameroon had become the 19th country to qualify for cancellation of its heavy debts, but urged the poor West African nation to spend the money wisely....		Thai inflation BANGKOK: Thailand’s inflation rate in April edged up to a seven-month high of 6 per cent, as high oil prices continue to put pressure on production costs and transportation, the government said on Monday....