May 13, 2006	Saturday	Rabi-us-Sani 14, 1427

Please Visit our Sponsor (Ads open in separate window)

ADB to give $600m for partnership programme: Infrastructural reforms ISLAMABAD, May 12: The Asian Development Bank (ADB) will offer $600 million to Pakistan to help start a comprehensive Public Private Partnership (PPP) programme in the country....		Duties, taxes on car import may go up ISLAMABAD, May 12: The Central Board of Revenue (CBR) on Friday indicated that duties and taxes on import of cars might be increased slightly in the next budget....
Pakistan wants duty free access to US, EU markets ISLAMABAD, May 12: Pakistan said on Friday it needed duty-free access to US and EU markets for its products to give a future boost to its economy and help cope with the fallout of the Afghan war on the economy....		India-China trade likely to reach $100bn by 2015 NEW DELHI, May 12: Bilateral trade between India and China could reach $100 billion dollars in less than 10 years, a Chinese trade official said in a statement released on Friday....
Stocks finish weekend session with 19 points fall KARACHI, May 12: Share values on the stock market on Friday failed to hold on to initial gains as a leading section of institutional traders took profits at the inflated levels but the underlying sentiment remained uppishly inclined....		Trade gap widens by 93.65pc in 10 months ISLAMABAD, May 12: Pakistan’s trade deficit widened by 93.65 per cent to $9.427 billion during the last 10 months (July-April) of the fiscal year 2005-06 as against $4.868...
Investors to be issued UIN for transparency KARACHI, May 12: The Karachi Stock Exchange released a notice on Friday to inform in detail, the members, the SECP and the Lahore and Islamabad stock exchanges about the important decisions...		US trade deficit shrinks to $62bn WASHINGTON, May 12: The US trade deficit shrank in March to its lowest level since Hurricane Katrina struck last year, helped by a surprise slump in oil imports, the government said on Friday....
Indian industrial output slows MUMBAI, May 12: India’s industrial output slowed to eight per cent for the financial year to March, down from 8.4 per cent the previous year, official data showed Friday....		Dump truck, LNG plants exempted from duty ISLAMABAD, May 12: The government on Friday exempted customs duty in excess of five per cent from import of dump truck and machinery/parts of liquefied natural gas (LNG)....
Kuwait dinar BEIRUT, May 12: Kuwait’s revaluation of its dinar is aimed at maintaining economic and monetary stability, Finance Minister Badr al-Humaidhi said on Friday....		Cotton prices rise on active buying KARACHI, May 12: Cotton prices on Friday tended further higher as a leading spinner group indulged in big-lot business in an apparent effort to grab the floating stock amid relatively active trading....
US gives conditional green light to Mittal: Arcelor takeover WASHINGTON, May 12: The US government on Friday cleared Mittal Steel’s controversial takeover of European rival Arcelor provided it sells off key assets such as Canadian steelmaker Dofasco....		Import duty on wheat notified ISLAMABAD, May 12: The government on Friday notified the five per cent regulatory duty imposed on import of wheat to ensure that local farmers at least get a minimum price of Rs415 per 40kg for their produce....
Zimbabwe’s inflation crosses 1,000pc HARARE, May 12: Zimbabwe said on Friday its inflation rate had crossed the landmark 1,000 per cent threshold, arguably the highest in the world, with economists expressing pessimism about any major improvement soon....		HK gold HONG KONG, May 12: Hong Kong gold prices closed at 26-year highs Friday at US$722.10-722.60 an ounce, up from Thursday’s close of $708.20-708.70....
IMF to watch spillover from BoJ tightening TOKYO, May 12: The IMF, with an enhanced role in monitoring global imbalances, will look at how an expected rise in Japanese interest rates could affect emerging Asian markets when it meets Tokyo officials next week for an annual check-up....		European stocks drop LONDON, May 12: European stock markets fell on Friday, following a negative trend in Asia after Wall Street plunged overnight, dealers said....
Indian rupee gains as dollar sinks MUMBAI, May 12: The Indian rupee rose on Friday from a two-week low hit in the previous session, aided by a dollar fall to a one-year low against the euro and an 8-month low against the yen....		Gold prices LONDON, May 12: Platinum extended sharp gains to set a new all-time peak on positive supply-demand outlook and dollar weakness on Friday, while gold matched a 26-year peak on strong investor interest....
Port Qasim KARACHI, May 12: Two ships carrying containers and HSD oil were accommodated berths at QICT and Fotco Terminal during the last 24 hours, said a PQA press release on Friday....		Karachi Port operations KARACHI, May 12: Six vessels carrying containers, steel coils and soyabean meal are expected to arrive at the outer anchorage on Saturday, according to KPT sources....