May 24, 2006	Wednesday	Rabi-us-Sani 25, 1427

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Foreign investment surpasses $3bn level KARACHI, May 23: Inflows of foreign direct investment into Pakistan crossed $3 billion in the first 10 months of the current year creating hope that the country might reduce its exceptionally high trade deficit....		Pakistan eyes India for wheat sales SINGAPORE, May 23: Pakistan, looking to export wheat for the first time in more than two years, is confident it will sell some of its surplus grain to India....
Pakistan wants US to early finalise BIT ISLAMABAD May 23: Prime Minister Shaukat Aziz on Tuesday stressed the need of early finalisation of the Bilateral Investment Treaty (BIT) in order to provide an institutional framework for comprehensive economic partnership with the United States....		BD bourses tumble on workers’ protest DHAKA, May 23: Widespread agitations by garment workers in and around Bangladesh’s capital city sent turnover and share prices tumbling on both the Dhaka and Chittagong stock exchanges on Tuesday....
Bike makers lock horns over under-invoicing KARACHI, May 23: The Chinese bike makers are perturbed over the complaint lodged by one of the leading Japanese bike assemblers with the Customs Evaluation department alleging that the motorcycle parts...		Investors invited to buy prime land in UK ISLAMABAD, May 23: Five British trade missions will visit Pakistan this year to explore business opportunities in Pakistan, British High Commissioner in Pakistan Mark Lyall Grant said here on Tuesday....
Oil prices rebound on hurricane fears LONDON, May 23: Oil prices leapt on Tuesday on forecasts of a potentially devastating Atlantic hurricane season on the US Gulf Coast that could push prices beyond $90 per barrel, dealers said....		Stock market remains flat KARACHI, May 23: Trading volume on the stock market on Tuesday fell to a year’s low level of 123m shares as leading investors and institutional traders kept to the sidelines awaiting...
Trading begins in new cotton crop KARACHI, May 23: Forward trading in new cotton crop from a lower Sindh ginnery was resumed on Tuesday as some of the spinners needing supplies in the new financial year signed a deal with the ginners....		China raises oil prices BEIJING, May 23: China raised on Tuesday the price of gasoline, diesel and kerosene for aviation by more than $60 a ton, state media said. Prices for the processed oil will rise by 500 yuan ($62.4)...
PS buyers plan $250m investment KARACHI, May 23: The consortium members -– Al Tuwairqi Group (ATG), Magnitogorsk Iron and Steel Works (MMK) and Arif Habib Group -– have unanimously agreed to go ahead with the investment...		US economy to grow 3.6pc in 2006 PARIS, May 23: The US economy is set to grow by a robust 3.6 per cent in 2006, but the Federal Reserve should increase interest rates, the OECD said Tuesday while...
Karachi Port operations KARACHI, May 23: Nine ships carrying containers and general cargo are due to arrive at the outer anchorage on Wednesday, according to KPT sources. Berthing activity at the wharves was active...		Port Qasim KARACHI, May 23: Three ships scheduled to load and offload containers and chemicals were accommodated berths at QICT and EVT during the last 24 hours, said a PQA press release on Tuesday....
Gold demand slumps LONDON, May 23: Worldwide gold demand fell 16 per cent in the first quarter of 2006 as jewellery buyers were discouraged by the metal’s high price, which hit 26-year peaks during the period, the World Gold Council said Tuesday....		Import of cars KARACHI, May 23: MNA Malik Niaz Ahmad Jakhar, chairman National Assembly Standing Committee on Production, on Tuesday said that the permission to import used cars was a temporary measure to meet...
Asian stocks mostly lower HONG KONG, May 23: Asian stocks closed mostly lower on Tuesday, but the sell-off showed signs of easing after investors rushed for the exits Monday, wiping billions of dollars off regional markets, dealers said....		Etisalat wins Afghan telecom licence DUBAI, May 23: Emirates Telecommunications Corp (Etisalat) said it signed a deal on Tuesday for a $40.1 million licence to offer mobile phone services in Afghanistan....