May 10, 2006	Wednesday	Rabi-us-Sani 11, 1427

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Import duty on wheat pushes up prices KARACHI, May 9: Following the announcement on May 3 of a 10 per cent regulatory duty on wheat import, prices in the open market have increased to Rs412 for 40 kg as against Rs350 two weeks ago....		NBP to help revive CSIB KARACHI, May 9: National Bank has agreed to provide substantial monetary support to the sinking Crescent Standard Investment Bank Limited (CSIBL) and all the lenders of the bank have been asked...rojected....
Revenue from POL products up 14.7pc ISLAMABAD, May 9: The collection of General Sales Tax (GST) and Federal Excise Duty (FED) from petroleum products rose by 14.73 per cent during the nine months (July-March) period of the...		Oil jumps LONDON, May 9: World oil prices rebounded strongly on Tuesday after Washington dismissed a letter from Iranian President Mahmoud Ahmadinejad proposing ways to resolve the nuclear energy crisis.... sources told Dawn....
Earnings of oil refineries decline 43 per cent KARACHI, May 9: The overall earnings of oil refineries listed on the stock exchanges declined to Rs2,882 million for the nine months of financial year 2006, as against Rs5,011 million in the corresponding period of the previous year....		EDB seeks separate lists from assemblers KARACHI, May 9: The Engineering Development Board (EDB) has asked automobile assemblers to submit three separate lists for import and procurement of parts and components under the newly finalised Tariff Based System (TBS) in place of deletion programme....
High credit cost stops investment in textile sector LAHORE, May 9: The high cost of bank credit is fast compelling the textile industry to shelve or put-on-hold plans for making further investment in import of machinery for capacity expansion....		Foodtech expo begins KARACHI, May 9: Over 200 companies from 19 countries, including China and India, are displaying their goods at the third Plastic Printing and Packaging and Foodtech Pakistan 2006 exhibition....
Nine EoIs received for Lahore hotel ISLAMABAD, May 9: The Privatisation Commission (PC) has received nine expressions of interest (EoIs) from parties/ groups to own and run a five-star hotel on a prime land at Shahrahe Quaid-i-Azam,...		Gold prices cross $700 LONDON, May 9: Gold prices breached $700 for the first time in 25 and a half years in both London and New York as investors ploughed cash into the precious metal amid rising concerns over the Iranian nuclear crisis....
Index shaves off 199 points on massive selling KARACHI, May 9: The KSE 100-share index on Tuesday plunged by 199 points on active selling in the leading base shares on the oil sector under the lead of OGDC and...		Lint prices recover overnight losses KARACHI, May 9: Cotton market on Tuesday staged a modest recovery as ginners again raised their asking prices in sympathy with higher New York cotton futures and the perception of pressure on supplies....
Karachi Port operations KARACHI, May 9: Eight ships carrying containers, coal and to load rice are expected to arrive at the outer anchorage on Wednesday, according to KPT sources....		Port Qasim KARACHI, May 9: Berthing activity was brisk as four ships were accommodated berths at QICT, EVT and IOCB during the last 24 hours, said a PQA press release on Tuesday....
Cement output falls ISLAMABAD, May 9: Pakistan’s cement output fell by 18 per cent to 1.5 million tons in April from the March level, but output for the 10 months through April was 11...		Mutual fund assets triple in 3 years KARACHI, May 9: Mutual fund assets in Pakistan have tripled in the last three years, and fund managers say the industry is set to grow further, thanks to a booming stock market and rising demand for funds among retail investors....