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December 30, 2006 Saturday Zilhaj 08, 1427 Sindh gets ready to meet WTO obligation: Centre to give Rs2bn ISLAMABAD, Dec 29: The Centre will provide Rs2 billion special funding to the Sindh government to support industrialisation in the province by improving, enhancing and streamlining technical and vocational training of the industrial workforce and the youth.... Home-grown BT cotton seed to be introduced LAHORE, Dec 29: The government has decided to introduce its home-grown Bacillus Theoreogenesis (BT) cotton to pre-empt the spread of spurious seeds in the country.... 120 licences issued for opening utility stores KARACHI, Dec 29: The Utility Stores Corporation (USC) has issued 120 licences for opening franchise utility stores, out of 1,400 applications.... Financial sector ’05 profit highest in 16 years KARACHI, Dec 29: Financial institutions registered the highest profitability during calendar year 2005, as return on assets (both before and after tax) was the best during the last 16 years, said the Financial Sector Assessment 2005 issued by the State Bank.... Stocks finish outgoing year on weaker note KARACHI, Dec 29: Stocks finished the last session of the year on an easy note as institutional traders kept to sidelines most of the time owing to long weekend ahead due to Eid holidays, while general investors played safe.... OGDC offer on Jan 11 at Rs110 per share KARACHI, Dec 29: The offer of additional shares in Oil and Gas Development Company Limited (OGDCL) to local retail investors would be made on January 11, a press release by the Privatisation Commission on Friday stated.... Two more scheduled banks KARACHI, Dec 29: The State Bank has announced to list two more banks as scheduled banks from December 30, 2006.... NY cotton NEW YORK, Dec 29: Cotton futures closed sharply lower on Friday on trade and options-related sales as the market pulled back from a rally to a 10-month high although fibre contracts... National LPG moot on Jan 11 ISLAMABAD, Dec 29: The first national conference on LPG industry will be held on January 11 in Islamabad.... IMF debt MANILA, Dec 29: The International Monetary Fund (IMF) welcomed on Friday the Philippines'' announcement it would repay in full its $219.7 million debt this year. The payment is to be completed... Pakistan, Iran discuss cooperation in oil, gas ISLAMABAD, Dec 29: Federal Minister for Petroleum and Natural Resources Amanullah Khan Jadoon has said that Iran- Pakistan-India (IPI) gas pipeline project is in the final stage of process and its... IT returns’ timing extended ISLAMABAD, Dec 29: The Central Board of Revenue (CBR) has extended timings for filing of corporate income tax returns on Saturday which is the last date for filing of IT returns and depositing tax.The... Pakistan ratifies seafarers convention KARACHI, Dec 29: Pakistan has become ninth country in the world and second in Asia to ratify Seafarers Identity Documents (SID) Convention of International Labour Organisation (ILO), Geneva.... Taxation pact with S. Arabia notified ISLAMABAD, Dec 29: Pakistan and Saudi Arabia have notified the Convention for the Avoidance of Double Taxation and Prevention of Tax-Evasion with respect to taxes on income.... Euro up by 11pc against dollar LONDON, Dec 29: The euro finished the year higher against the dollar on Friday, marking 11 per cent gain for the European single currency against the US unit in 2006.... Oil prices hover around $60 LONDON, Dec 29: The price of oil hovered at about $60 per barrel on the last day of trading in 2006, ending the year 23 per cent lower than its record of more than $78 struck in July.... Insipid conditions on cotton market KARACHI, Dec 29: Cheerless conditions were witnessed on the cotton market on Friday as sellers and buyers kept to the sidelines most of the time and did not opt for ready buying.... FPCCI urges businessmen to pay taxes KARACHI, Dec 29: President FPCCI (Federation of Pakistan Chambers of Commerce and Industry) Chaudhry Muhammad Saeed has appreciated the present government for recognising the importance and the key role of the apex body in formulation of national economic policies.... Sri Lanka cuts growth estimates COLOMBO, Dec 29: Sri Lanka''s Central Bank on Friday cut its 2006 economic growth estimate to 7 per cent from 7.4 per cent, blaming the reduction on poor tea production and falling tourist arrivals.... Belarus not to give in to Russian ‘blackmail’ MINSK, Dec 29: Belarus President Alexander Lukashenko vowed on Friday that his government would not “yield to Russia’s blackmail” over the price of gas that Moscow supplies to its neighbour.... Karachi Port operations KARACHI, Dec 29: Five ships carrying containers and to load rice are due to arrive at the outer anchorage on Saturday, according to KPT sources. Berthing activity at the wharves was... Port Qasim KARACHI, Dec 29: Two ships carrying containers and chemicals were accommodated berths at QICT and EVT during the last 24 hours, said a PQA press release on Friday.... Ratings KARACHI, Dec 29: JCR-VIS Credit Rating Company Ltd has assessed the fund performance ranking of First Capital Mutual Fund Limited (FCMF) for the period ended June 30, 2006 at ‘MFR 3-Star’,... Asian stock markets higher HONG KONG, Dec 29: Asian stocks ended the trading year on Friday on another high as Sydney, Shanghai, Singapore and Wellington closed at record highs with gains capped by profit taking.... European shares stable LONDON, Dec 29: Europe''s main stock markets steadied on Friday, the last trading day of the 2006 — a year in which leading indices have struck the highest points in almost six years.... Palm oil lower KUALA LUMPUR, Dec 29: Malaysian palm oil futures closed lower on Friday, as players took profit ahead of a long weekend and after a strong rally that sent prices to eight-year highs.... Gold up LONDON, Dec 29: Gold edged higher on the last working day of the year to trade just below a three-week high, and was likely to extend gains in 2007, dealers said on Friday.... Company news WASHINGTON: Apple Computer restated prior earnings on Friday following a months-long internal probe into stock option awards, and gave a vote of confidence to chief executive Steve Jobs....

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