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September 05, 2006 Tuesday Sha'aban 11, 1427 ABN Amro may buy PICIC group KARACHI, Sept 4: Pakistan Industrial Credit and Investment Corporation (PICIC) is preparing for a complete sell-out and ABN Amro has shown interest in the group, banking sources told Dawn on Monday.... PS revamping to cost less than Rs10bn KARACHI, Sept 4: Pakistan Steel’s repairs and revamping will cost less than Rs10 billion which will be paid back within two years and keep the project running and viable for the next 15 years.... $1.2bn container terminal to be ready by 2012 KARACHI, Sept 4: Pakistan will emerge as the first country on the world map of ports to have a deep-water container terminal with a draft of 18 metre.... Sharp decline in hotel room occupancy: Bugti’s killing KARACHI, Sept 4: Leading hotels in Karachi gave a mixed reaction over decline in room occupancy and cancellation of functions in the aftermath of the killing of Jamhoori Watan Party chief... Political uncertainty triggers selling KARACHI, Sept 4: Share market on Monday failed to extend the weekend rally in the absence of renewed buying from the leading financial institutions owing partly to political uncertainty and fears of law and order situation.... Textile sector gets more facility KARACHI, Sept 4: The State Bank on Monday allowed a one-time opportunity to the textile sector to refinance its outstanding fixed term loans availed from banks or DFIs for import of plant and machinery.... Record cement exports in Aug KARACHI, Sept 4: The cement industry managed to export a total of 0.24 million tons, which represented the highest-ever export of cement in a single month.... President to launch Rozgar Scheme today KARACHI, Sept 4: President Pervez Musharraf will launch Rozgar Scheme, the micro credit scheme for the unemployed youth, on Tuesday (Sept 5), sources in the Presidency confirmed on Monday.... Govt may withdraw GST on computer accessories ISLAMABAD, Sept 4: The government is considering withdrawal of 15 per cent sales tax (GST) on all computer equipments, said minister of state for finance Umar Ayub Khan.... Dollar bond HONG KONG, Sept 4: Pakistan Mobile Communications (Pvt) Ltd plans to sell its first US dollar bond and has mandated ABN Amro and Deutsche Bank to handle the debt sale, debt market news service provider Reuters Basis Point said on Monday.... Cotton prices rise on panic-buying KARACHI, Sept 4: Trading on the cotton market on Monday resumed on a bullish note as spinners and mills continued to make panic buying followed by reports of a short crop.... Pakistan asked to boost public savings ISLAMABAD, Sept 4: The International Monetary Fund (IMF) has cautioned Pakistan about higher external current account deficit and has asked authorities to enhance public savings for fiscal consolidation and to create right environment to encourage investment and increase productivity.... Tripartite gas pipeline deal by year-end ATHENS, Sept 4: Russia on Monday agreed with Greece and Bulgaria to speed up preparations for a new 280-kilometre Balkan pipeline transporting Russian oil to Europe and the United States, a project stalled for the past 13 years.... Russia’s ratings lifted MOSCOW, Sept 4: Standard and Poor’s said on Monday it had raised its long-term foreign currency sovereign debt rating and its long-term local currency rating for Russia.... Asian stocks sharply higher HONG KONG, Sept 4: Asian stocks closed sharply higher on Monday after strong gains on Wall Street and better than expected job numbers painted a brighter picture for world''s biggest economy.... Gold firmer LONDON, Sept 4: Silver rose to its highest in more than three months and gold was firmer on a weaker dollar but trade was expected to be restrained by a US public holiday, dealers said.... Palm oil lower KUALA LUMPUR, Sept 4: Malaysian crude palm oil futures closed lower in thin trade on Monday, dragged down by lower prices of rival soyoil. Soyaoil had a bearish impact on the market, said one dealer.... Poultry rates KARACHI, Sept 4: The following are Tuesday poultry rates....

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