May 3, 2006	Wednesday	Rabi-us-Sani 4, 1427

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Planning, development policy board constituted ISLAMABAD, May 2: As the budget-making exercise enters a crucial stage, the government has decided to constitute a 21-member planning and development policy board headed by the prime minister to enhance...		BoI will be restructured, says PM ISLAMABAD, May 2: The Board of Investment (BoI) will be reorganized and restructured to transform it into a more vibrant organisation providing one-window operation for expeditious finalisation of local and foreign investment projects....
Committee formed to study draft auto policy ISLAMABAD, May 2: A 13-member committee has been formed to study the draft auto policy prepared by the Engineering Development Board (EDB). This was decided in a meeting of chairmen/CEOs of...		Oil, gas output MOSCOW, May 2: Russian crude oil production rose by 2.2 per cent in the January-April period this year compared to the same months last year while gas production went up 1.8...
Import of used vehicles increases by 280pc KARACHI, May 2: Consumers continue to show their desire for imported used cars, jeeps, vans, pickups etc., and it is visible from 280 per cent jump in import of such vehicles...		Tough monetary stance taming inflation LAHORE, May 2: State Bank deputy governor Towfiq Husain on Tuesday said the central bank would continue its tight monetary policy to control inflation. Speaking at the inaugural session of a...
No funding from federal PSDP for provinces ISLAMABAD, May 2: The Planning and Development Division has proposed that provincial nature projects should not be financed or co-financed from the federal PSDP from next fiscal year....		High oil prices undermine security WASHINGTON, May 2: Saudi Arabian Oil Minister Ali al-Nuaimi said on Tuesday that record-high crude prices are undermining global energy security and are not in the interests of oil producers....
New product under study to replace CFS ISLAMABAD, May 2: The Securities and Exchange Commission of Pakistan (SECP) is currently in the process of discussion with banks and market participants on a new product to replace the existing Continuous Funding System (CFS)....		Over dozen companies announce results KARACHI, May 2: More than a dozen companies unveiled their financial results on Tuesday. Those included National Bank of Pakistan, Bank of Punjab, Azgard Nine, Bank Alfalah, Honda Atlas Cars, WorldCall...
KSE index recovers 230 points KARACHI, May 2: The KSE 100-share index on Monday resumed its upward march to its peak level of 12,000 points boosted by active short-covering in the leading base shares under the...		WTO talks GENEVA, May 2: WTO nations are inching slowly toward a deal on liberalising global commerce but negotiators must put more on the table if they want to conclude their Doha Round talks, top officials from rival trading nations said on Tuesday....
Pakistani firms eye bond sales KARACHI, May 2: Encouraged by the success of Pakistan’s sovereign bond issues, at least two leading companies are considering selling bonds on international markets in coming months, bankers and officials say....		Irri rice exports dwindle KARACHI, May 2: Pakistani rice prices held firm in the past week due to low stocks and traders said on Tuesday activity would remain slow as the market awaited fresh supplies from the new crop....
BD tea prices CHITTAGONG, May 2: The average price of Bangladesh teas leaped more than 108 per cent to 93.25 taka ($1.34) per kg at the opening auction of the season on Tuesday, brokers said....		Port Qasim KARACHI, May 2: Brisk berthing activity was witnessed at the port where four ships to load and offload containers, rice and sugar, were accommodated on berths at QICT and MPT, respectively, on Monday, said a PQA press release....
Trading remains firm on demands from spinners KARACHI, May 2: Trading on the cotton market on Monday resumed on a firm note as pent-up demand from the leading spinners figured prominently amid modestly traded session....		Karachi Port operations KARACHI, May 2: Six ships carrying containers, steel and to load naptha are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....
Asian stocks close higher HONG KONG, May 2: Asian stocks closed mostly higher on Tuesday in a technical bounce following a sell-off last week prompted by an unexpected increase in Chinese interest rates....		ECB unlikely to raise rates FRANKFURT, May 2: The European Central Bank has more or less ruled out a rise in eurozone interest rates this week, but will likely continue to prepare the financial markets for...
Palm oil lower KUALA LUMPUR, May 2: Malaysian crude palm oil futures extended losses to close more than one per cent lower on Tuesday as the ringgit’s rise to eight-year highs and holidays in leading buyer China kept buyers at bay....		European shares advance LONDON, May 2: European stock markets rose on Tuesday, shrugging off an overnight fall by Wall Street, with London boosted by heavyweight oil and mining shares....