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January 05, 2007 Friday Zilhaj 14, 1427 Proposals to attract investors under study ISLAMABAD, Jan 4: The government is contemplating various proposals to introduce a package of "tax holidays and tax free zones" for attracting the much-needed foreign and domestic investment in the country, it is learnt.... Pakistan-Iran investment company set up ISLAMABAD, Jan 4: Pakistan and Iran have established a joint investment company to carry out business of investment and finance enterprises.... Index gains 118 points on massive buying in blue chips KARACHI, Jan 4: Selective support figured prominently on the blue chips counter on Thursday boosted by active short-covering in leading bank and oil shares but the broader market stayed weak.... Consumers endured price hike in 2006 KARACHI, Jan 4: The last year proved nerve-wracking for the consumers who groaned under the massive increase in price of almost every essential item particularly food items - onion, milk, ghee and cooking oil, tea, pulses, meat, flour varieties etc.... OMC sales grow by 19pc in 5 months KARACHI, Jan 4: Several brokerage houses on Thursday came up with their thoughts on the sales volume of Oil Marketing Companies (OMCs) which had depicted an increase of 19 per cent... Oil reaches 12-month low on US energy data LONDON, Jan 4: World oil markets were gripped by a second day of sharp selling on Thursday, as crude prices plunged to nearly $56 per barrel with London Brent hitting a 12-month low.... IT revenue exceeds target by 82pc ISLAMABAD, Jan 4: The income tax collection has surpassed the target by 82.4 per cent during the month of December 2006 as revenue collection reached Rs75.7... BT cotton variety to be released next season LAHORE, Jan 4: The ministry of food, agriculture and livestock (Minfal) is planning to release the first home-grown Bacillus Thuringiensis (BT) Cotton variety during next sowing season to maximise the production of cotton crop for domestic needs and export.... Cotton market wears deserted look KARACHI, Jan 4: Trading activity on the cotton market on Thursday failed to pick up as spinners kept to the sidelines most of the time for no apparent negative reasons.... Saudi airline to buy 60 planes worth $12bn RIYADH Jan 4: Saudi Arabian airline—Al Saudia-- is negotiating one of the largest airplanes deal in recent years, industry and media said on Thursday. According to reports Al-Saudia is in negotiations... Structural reforms in Eurozone states urged BRUSSELS, Jan 4: Eurozone countries must make more structural reforms to consolidate a nascent economic recovery in the area, the Organisation for Economic Cooperation and Development recommended Thursday.... Awards ceremony KARACHI, Jan 4: Best Corporate Report Awards Ceremony - 2005 would be jointly organised by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) on Jan 9.... Philippines plans to buy more rice in 2007 MANILA, Jan 4: The Philippines, one of Asia''s largest rice importers, plans to buy up to 1.73 million tonnes of the grain this year compared with 1.65... S. Korea cuts growth target SEOUL, Jan 4: The South Korean government on Thursday lowered its economic growth forecast for 2007 and announced plans to bring forward budget spending to counter the expected slowdown.... Port Qasim KARACHI, Jan 4: Three ships carrying containers, edible oil and chemicals were accommodated berths at QICT, MPT and EPT during the last 24 hours, said a PQA press release on Thursday.... Ratings KARACHI: The JCR-VIS Credit Rating Company has maintained the medium-to-long-term entity rating of ‘A+’ and short-term entity rating of A 2 of National Foods Ltd. The outlook on the medium to long-term rating has been revised from ‘negative’ to ‘stable’.... Asian stocks close mostly lower HONG KONG, Jan 4: Asian stocks closed mostly lower on Thursday with profit-takers cashing-up amid renewed concerns for the outlook of the US economy, however, Shanghai and Tokyo bucked the trend and gained strongly.... Copper prices plunge on production surplus LONDON, Jan 4: The price of copper, which struck historic records last May, tumbled on Thursday to a nine-month nadir on concerns that a global economic slowdown in 2007 could eventually spark a production surplus....

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